Quote:
Originally Posted by davew
you are correct for matched - do they use $USD in Europe or Euro's? How do they handle exchange rate?
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These are the available currencies:
UK Sterling
Euro
US Dollar
Hong Kong Dollar
Australian Dollar
Danish Krone
Swedish Krona
I don't know exactly how the currency exchange works since you don't actually know your counter party. I'm sure it's on the up and up though.
Regarding the counting the stakes twice towards volume, I don't think it's the wrong way or the right way, it's just the way it's done. I just mentioned it because it's important to keep in mind when comparing to the parimutuel pool.
I'm not sure if they still do, but I think Betfair's competitor, Betdaq, used to add backer's stake plus layer's liability to volume. So if I back 10 to profit 20 on a horse and it is matched, Betfair counts 20 (10 + 10) towards volume, but Betdaq counts 30 (10 + 20). I think the Betfair is better.