betfair multiples????????

[crowie]

"Multiple bets, unlike single bets are struck directly with betfair. However the odds offered are based on the odds available at the singles exchange at the time of bet placement. You cannot ask for your own odds for multiple bets and multiple bets are never unmatched"

So Betfair are going to be a bookie as well?

On the face of it, this sounds like a VERY stupid idea from Betfair. If they are best priced on say a couple of selections, say 10pts better than anyone else, then they are going to be offering the double (or greater) at much better prices than any other bookie. They are going to get business but its not them (Betfair) who are doing the pricing, its the markets.

Maybe its just me but if the bets are stuck directly with Betfair (and this sounds like Betfair are then going to pay you the winnings) but the odds are based on the singles exchange (I would imagine it will be whatever the best offer price is available) then whats to stop someone offering 4.00 on Man Utd and Chelsea as soon as those markets open......and then having a double on them via Betfair multiples.....and then taking down their offers on the singles markets once their double is confirmed

[ONEDUNME]

Looks like one to keep a close eye on early doors when it goes live with a view to taking advantage of any early cock ups

[Marek]

then whats to stop someone offering 4.00 on Man Utd and Chelsea as soon as those markets open......and then having a double on them via Betfair multiples.....and then taking down their offers on the singles markets once their double is confirmed

you'd risk that someone else (eg.bots) would match your singles offers before you even manage to process your multiple bet

[Quandram]

Just noticed that it looks like the feature has turned up folks

Quick browse tells us it's only Premiership, La Liga and Seire A at the moment, i presume that will change later

[Quandram]

Looks like they are setting the prices in the multiple area lower than the singles available elsewhere on the site and it's a set 5% commission, no discounts

[Winrew]

http://sports.betfair.com/multiples

[warriorfullights]

Can you also do multiple bets using multiple accounts all at the same time? Anyone of you have done this? If so, please tell me how to do it.