efficient

The Betfair exchange, Inefficient efficiency

One of the questions that people often ask me is whether the markets are easier to trade than they were 10 or 20 years ago? Are the markets following efficient market theory on the Betfair exchange, so are they more efficient now? Eugene Fama was ‘famous’ for the efficient market hypothesis, though his work was mainly aimed at…

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Using automation to catch a big priced winner

The question of how efficient pre-off racehorse racing markets on Betfair is one that often crops up and for most people, their first response is that they are very efficient. While this is true at a general level, at the same time the markets are also seemingly very inefficient, so how can it be both?…

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