Minding The GAAP

It is pointed out to me by George that the Totals Matched are recorded differently by Betfair and BETDAQ, so the amounts are not directly comparable.

Betfair records matched volume as 2 x stake while Betdaq records it as stake + liability (more meaningful, I think). The ratio will clearly depend on the matched odds, but for golf it's around 10, so the £12.7 million on Betfair is equivalent to around £130 million in Betdaq terms.

Whether or not it is true that liquidity is flowing from the former to the latter thus remains to be confirmed, and in future, I shall only write about things I understand.

So, after three and a half years, we reach the end of the road. Good luck, and goodbye.