16-11-2007 Flywheel reduces Betfair's cost per transaction

The world's largest betting exchange announced the development of a new core betting engine which allows for increased transaction volumes at reduced costs. The new Flywheel engine processes 100,000 transactions per second while reducing the cost per transaction by 200 times.

According to Betfair's Director of Architecture Matt Carter the development of a new core engine was for Betfair a question of survivability. "If we hadn't found a way of increasing transaction volumes, while lowering the cost per transaction, Betfair would have been forced to change its business model," he told Silicon.com.