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No more trading on NSW markets
No more trading on NSW markets
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Replies: 181
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sports are not relient on gambling funds.
WOuld be highly unlikely they would put a turnover tax, and further entrence there perception in gambling on the game. Gambling on sport is not by association as it is in horse racing. It wasnt against the law crazy to have an account.. |
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big diff though............racing has almost entirely been funded by gambling, all other sports have not
that may sound trival but it is a big point in law i'm sure |
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these figures are not meant to mean anything ... just for interest
just run ... Race 4 Canterbury Mid Week Wednesday ... who held what BF total on jump = $191,566 = $95,783 halved (or 36% of all monies held by these 4 outlets) Unitab $30,612 VicTab $58,796 NswTab $77,932 |
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I asked if any overseas players had been contacted, yet to confirm any. Perhaps I should ask this question, given that apparantly only 30 people have been contacted, a few on here apparantly rarely trade.
Out of those that have been contacted, how many are PC payers? I don't believe for a second that there is not trading activity on NSW markets whether it be seeded markets or high PC paying traders with their high commission payments easily covering the 1.5% turnover fees. Since I am yet to see a statement concerning no trading on NSW markets, I believe that there certainly is still trading going on. |
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bjt the question was asked earlier in the thread...pc payers are included in those that have been called....including myself
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My bad, have been watching this thread and couldn't recall. Have we heard from any overseas players that have been called? Or am I wrong in thinking trading is still going on?
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I don't understand why this is not resulting in a change to the official terms and conditions.
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No, trading definitely happening, seems to be almost business as usual as far as i can tell
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I have been scouring a number of forums and I am yet to hear of anyone from overseas being barred from trading NSW markets.
I don't understand how this can be. |
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Yeah WTF is up with how selective it is, I'm starting to take it personally. So I'm not allowed to trade NSW but there are obviously other people that still are. How is that fair.
If there's no change to the terms and conditions as Winker said and they are still promoting trading at seminars as The_Ocho said, are they just allowed to do whatever the f they want on a whim? Maybe now that i'll be out of a job soon I should apply for being CEO of betfair Australia. If I'm having a bad day I'll just screw some random demographic over to make myself feel better, but not all of them, just a few of them, that'll really piss them off. Seeing as I don't know what the hell I'm doing I may as well take the whole Australian operations down with me. Now that we've already rolled over and let NSW racing implement a fee that will undermine the whole business model of the company I can oversee the same thing happening with all the other states who want a piece of the action. Sure we'll have no customers soon because every reason there ever was to use betfair has been eroded, but won't we look good with our big list of markets we offer! Every race meet in Australia! too bad there's no one there to bet against because there's no reason to use betfair. But that's not really my problem. I'll probably get a nice juicy payout, CEOs normally do after all. |
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So basically Australians have an increased commission rate of 6.5% to cover the extra fees overseas based traders are accruing?
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I can understand the need to cease trading as the numbers for betty just don't add up. It's obviously still going on so I would hope they're on Betfair's radar to cull shortly, otherwise I'm making a telephone call...
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so who are the "dirty thirty"???
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Been discussed earlier in the thread womble.
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u wanna see 30 names Dooksy
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I even
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Not all of them are on the forum. About 10-15 have replied about the call. I am one of them.
Seems like trading is still rife in NSW markets. So why one rule for some and another for others? The type of trading I'm seeing can not be profitable to Betfair. Complete balls up from management on this one, asleep at the wheel and all too happy to be bent over along the way. GROW A PAIR ffs! |
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What discount rate are the banned traders on? 60% and making a decent contribution to BF?
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This whole problem can be solved by betfair introducing turnover percentage rather that what they have now.
It would be no different to the tabs, if you bet $1 you pay 5c they could even reduce this amount the larger you bet as they do now. If you back a runner you pay 5c if you lay a runner you pay 5c There would be no more trading because they would pay more than they win, but hey that's life at least the punters can get back to business. |
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Dooksy is does seem very discriminatory to me and not transparent, there must be a better way
No_BS on the right track imo - a broad based turnover tax to replace commission and PC |
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looks like the effects are spreading, not the bans on trading, but the flow on - check out the thread in the general betting forum
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The phone calls are surely only a stop gap solution until they add another 5 pages to the description of their commission system and code the equivalent.
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