» Don’t embarrass the bookie Fraser Downs Parimutuel

What is unFAIR at BetFair ?
It’s when the betting market disregards the “Official Line”.

The story below illustrates a classic example of the self destructive nature of “inside” info.
Betting action based on the non-public “info” surprised & embarrassed the odds makers at BetFair, and we can’t have any of that.

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New York Times
June 24, 2009

Online Action Alarms Betting Watchdogs

By JEFFREY MARCUS

Who would have thought that a first-round match Tuesday between 109th-ranked Wayne Odesnik of the United States and 30th-ranked Jurgen Melzer of Austria would generate so much buzz?

The Associated Press reports that the British bookmaker, Betfair.com, alerted authoritiesafter they saw an unusual spike in action. A Betfair spokesman told the A.P. that the online gambling site saw six times the wagers it would normally see on such a match. “Betfair received about $980,000 in wagers on the match,” the A.P. reports. “The average for a first-round match at Wimbledon is less than $163,000…”

see complete story

Also see this intersting site ( Tennis Trading League ).