Quantsports, Ninjatrader and Betfair | Trading Reviews and Vendors


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Discuss and review vendors of commercial trading products, trading rooms and services, trading indicators or third-party paid add-ons




 

Quantsports, Ninjatrader and Betfair

  #13 (permalink)

 Vendor: www.quantsports.co.uk 
United Kingdom
 
Futures Experience: Advanced
Platform: NinjaTrader, TradeStation, JForex, Bespoke
Favorite Futures: Weather Balloon
 
Posts: 3 since Sep 2010
Thanks: 0 given, 2 received


Fat Tails View Post
Thanks for pointing to this. If I misunderstood anything, it was a bit on purpose. I am not following any horse races, although I know that some people use sophisticated mathematical models to do arbitrage between different types of bets. NinjaTrader does not allow for executing spreads, so your customers are limited to directional bets, and commission and bid/ask can only be earned once.

How is this marketplace regulated? I would not trade on many FOREX retail platforms, and I have no confidence in instruments like CFDs. I am not afraid of futures and options, but I might be afraid of horse betting,

This has nothing to do with arbitrage (something that doesn't exist on the betting exchanges). The analysis is meant to be used in conjunction with other Betfair trading platforms (that can execute spreads several times over). The markets are very similar to futures (in the sense that you are buying or selling a bet with an implied % chance of a future event happening) just on an incredibly short time-frame (for a trader the market only is active for about 10 minutes, though for scalping it could be lower than 5 minutes).

The markets aren't regulated (at all), it's just the respective sporting bodies which investigate match fixing and I believe Betfair co-operate with them. Some in-play markets are managed. Spread is entirely natural but is subject to incremental pricing. Commission is only on winnings. It's a closed market and Betfair just provide a platform, nothing like retail brokers. So in case you are wondering, there is a lot of insider trading and market manipulation

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