Welcome to the world of 6.5%

will be an interesting time tomorrow through saturday i think womble ...

and i know its carnival time in the US 

... but do i detect a slight liquidity increase over there (apart from my humble offerings that is) ? 

it wont,
traders have been protected
the people who pay the least have gotten the best from the deal

yes i guess so aachen ... 1.5% on cumulative winnings ... rather than turnover ... appeases the 'botter traders' ... keeps them well in this game

i wonder tho ... is it more to protect the BF matching bot ... which is primed to take over the 'pinching a pittance at a time ... that turns into a profitable 'albeit mindless' punting exercise role

no surprises ... regardless of who is pulling the strings (rnsw etc) ... that the punter cops it up the cl@cker

A downside for horse racing is that for a new punter to the landscape (are there any?) it advertises that their main competitor for the punting $ ie sports betting, is a cheaper product.

sports is changing to the same turnover model you wait and see

The international type sports such as cricket, tennis have a huge turnover from offshore, not sure the offshore punters would cop the increase.

I'm not sure how the increase in commission rate is going to even begin to address the problem, i.e the 1.5% on turnover. To remain viable, BF will surely eventually have to charge everyone a 1.5% surcharge on all bets (winning or losing) which, of course will kill the traders.

I smell a slight rat here. Has the High Court given all on-line betting enterprises a green light to make a shameless grab for extra profits?

no problems at all with liquidity today. Hard to compare year to year when you have short favs matched more heavily, but volume is excellent.

Pittsburg Phil has hit the nail on the head...inadvertently all corps etc will go for the throat claiming the court case result made 'em do it.

the result was  a massive 'rort' for the gov run totes.//f'king disgrace.

my mere observation of todays races, 17 in all, was that the liquidity was still here but the back side of the market very rarely got below 102% in fact only 3 races from the 17 at some stage was on the backside fell below 102%

6.5% winning bets, 6.5% losing bets.  Turnover will drop drastically.  Fair chance wont affect me because I win most of the time.  Still will affect my beer money on Saturdays.   I dont like it.

I bet on the Globe meeting tonight, and didn't notice any difference in liquidity.

The could have charged me 100% tonight,''
would have made fck all difference

doesn't effect me ,i've taken my bat 'n' ball and gone home.the PC has ended the 'romance' with BF.they have given 2 tickets to carlton vs. stkilda though....sort of like a sympathy fcuk at the end of a relationship.

All I've ever got was a bloody coffee cup, how come I'm missing out?

You haven't left Winker! You're happily bending over and copping it every week..

Could open the gate for another Exchange.????   Or maybe a fair chance Tabcorp are in the process of planning to buying Betfair.?

i hope you stay on the forum Ziggy - drinks wouldn't be the same without you there

did someone say drinks?? i'll be hanging around for that

I've officially pulled the pin on AUS racing and exported to UK in protest.
I'm sure turnover will drop as soon as the full impact shows in the balance.

Why didn't they just change the model to a commission on turnover, thereby getting rid of the traders and scalpers.
The impact on a bettor is just too much, one is now better off at Best Tote, the figures say so after fees and charges!

sydney racing was maybe 10% of my racing turnover ...

now ... ive gotta pay the extra comms on every other state ... that i prefer'd to bet in ... rather the poor product pvl & co serve up in the harbour city ...

shoulda been sydney only ... in the format that BTO suggested (turnover)

the drop in sydney t/o would have been a valid point to argue in future

at every turn ... the method / defence / actions of bf in the whole sorry saga ... have been puzzling ... and negative in the end for the 'basic punt or lay' punter

good point Beat - they say that best tote averages about 8% so if people are 6.5% + 102% + markets with falling liquidity as all you guys pull out, best tote becomes viable

Keeping Ziggy away from drinks - impossible - FYI Ziggy got an email from Luxbet yesterday saying they are ramping up Thursday, Friday, Saturday dogs and trots fixed odds - in case you didn't know

Completely agree with Thebas and BTO.
  Traders only pay a fraction of their turnover costs, well below the 1.5%.
The bettor/layer  pays more than the 1.5% turnover cost.
   What betfair is doing by increasing the commission, is actually encouraging players to be traders.
Eventually there will be more traders and less bettors/layers and therefore less commission paid.
This will lead to betfair making a loss on their Australian operation. Will they then increase the commission again?

totally correct fevagh.

The point most are missng here is that even if best tote is a slight advantage there is no lay option.Its srictly for win bettors.

For those who trade or lay, BF will still be their main platform.I think you are spot on, BF will evolve into a primairly traders operation.

Yeah, the reality is that they have given in to the decision and left doors open.  They really needed to update their charges for NSW racing only as that is the state that this all comes from.  Raise commission to 10% for NSW, keep it the same for everywhere else.  Would soon find out how likely other operations were to follow in NSW footsteps after their turnover diminished.

agree 100 % BJT  Extreme charges on nsw .. or not offer there product at all
by placing the rise on everybody BETFAIR have just joined up  with PVL and have takin it up the .....

should have stayed loyal to the codes and states that have stuck by them NOT join them all together with the fleas from nsw

BETFAIR lacking a but of leadership id say