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RIP Australian Online Bookmaking Industry
RIP Australian Online Bookmaking Industry
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the general public is 'that stupid'. that's why there was this initial furore about 'laying' in the aussie media when betfair first emerged. people were outraged that you could back a horse to lose without realising that it was the same as backing the field.
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the tab will fold due to the following.
Depression means no won is going to speculate on the punt. the pros will not got to the tab because the value isn't their, bookies will fold. exchanges will survive as the pros seek value from global betting markets provided various activities continue so the tab is like bricks and mortar retail, it will go under unless it becomes an exchange and ultimately online |
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pokeron you said
the general public is 'that stupid'. that's why there was this initial furore about 'laying' in the aussie media when betfair first emerged. people were outraged that you could back a horse to lose without realising that it was the same as backing the field. my feeling the furore was about vested interests tanking horses for financial gain where those involved weigh up opportunity cost and gain of running to win or not etc.... it has nothing to do with laying itself as a concept The social controllers don't like this non yes speak . What the social controllers don't like is that the market adjusts for this risk so horses are priced taking into this account. However the dumb social controllers do not like this because it means they have to compete on a level playing field and use their brain  |
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get a brian morans!!!
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Wildone
09 Jul 12 03:22 Joined: 04 Jan 05 | Topic/replies: 1,410 | Blogger: Wildone's blog the tab will fold due to the following. Depression means no won is going to speculate on the punt. the pros will not got to the tab because the value isn't their, bookies will fold. Seriously? People bet MORE in hard times, not less. Call it desperation if you like. Gambling will endure when more conventional staples have long since disappeared. |
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In regards to horse racing, bookmaking is a pretty sad affair. But the same bookmakers that blindly follow on course odds, do take a stand and actually have an opinion when it comes to sports betting. I have much less trouble getting bets on in sports. In fact most of my accounts are now sports only betting. 2 of my bets on the weekend totalled 30k, and yes they were referred, yes my account was bought up, and yes they were happy to take the gamble at the odds they advertised. Can't do that on horses unless they have a 150% market up. Well, at least I haven't found anywhere to do it.
In regards to live betting, I think it has to end up being legalised. Can't see how it can go any other way. AFL, Cricket, and NRL are all on board, and logic as well. Surely there is somebody, or some company out there with enough intelligence and drive to fight the contradictory bullshit that we have to endure in this backward country. This article points out enough http://www.heraldsun.com.au/news/victoria/live-odds-promotion-during-sports-broadcasting-to-be-restricted/story-fn7x8me2-1226412231866 They want to ban live odds broadcasting to protect the vulnerable from gambling on something they are passionate about and know something about, but legalise casino gambling where you can gamble 24 hours a day, on things that cannot possibly be beaten. They should be applauded though, for being able to keep a straight face while discussing such things. |
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Yes the betting exchange is best for punters....Until Mr Premium Charge comes knocking on your door...
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apparently there is an article in the Herald Sun today about sports betting increasing by 23% driven by smart phones
will be interesting to see the figures 2011-12 when they come out |
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UK Bookmaker William Hill’s strategy of acquiring three US bookmakers in 2011 looks like paying off after the Nevada Gaming Control Board had recommended that a licence be granted.
Hills is so keen to get a US interactive gaming licence that it has shut down its Australian operations in case the US regulator views them in a negative light. The 2001 Interactive Gaming Act in Australia currently bans casino and poker games, thus Hills have exited the Aussie market to remain squeaky clean. The beleaguered Spanish tax authorities have reopened the country’s online gambling market and have demanded 70 million euros in back taxes for business conducted in Spain dating back to January 2009. This illustrates how much of a cash-cow gambling has become to politicians around the world. Sportingbet’s Australian business now accounts for over 90% of their global profits and continues to strengthen following the acquisition of Con Kafataris’s Centrebet. Their European business has been impacted by the recession. Sportingbet’s mobile offering has resulted in a 26% growth in the number of Australian bets taken. |
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I see so many people complaining about premium charge. One of two things must be true:
1) You are making enough regular profits that you are required to pay PC. What the hell are you complaining about? This isn't a trader's paradise the way it used to be. Be thankful your activities are allowed to continue with the impost of a relatively small charge for the right to skim profit from the real clientele. 2) You have not found a way to be creative enough to offset your PC in some other manner. More fool you; some of us are doing it and have successfully done it for years, in spite of being several hundred thousand to the good. Sheesh! |
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Mr Snake , I bow to your greatness...
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Who said I was talking about me?
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Ok, this PC thing really bugs me.
It's a fact of life. Work with it. What purpose does complaining about it serve? |
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Been searching for the appropriate thread for my whinge!! This has to be it!
I opened an account with bet-everydayoftheyear at about 10am today. I grabbed a few early bets on Saturdays races... the first to win $4000, then the next four were all restricted to win only $1000 (Saturday races). I got a phone call from an English lass for age confirmation at about 1.30pm. That passed and she said my account was now cleared for betting, thank you for opening the account blah blah! At about 2.30pm I got a phone call from an Englishman from them. He regretfully informed me that they had just closed my account because it is "uneconomical" Unbelievable.... I've had five bets on races to be run two days from now, no idea if they will win lose or run stone motherless last, my account was open for less than 5 hours and this excuse for a bookmaker has now closed me down. Yes absolutely...... RIP the Aussie online bookmaking industry. |
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Crazysnake, it is an unfair discriminatory impost on a select few. it is not a relative small charge. It is a quarter of my profit. That is grossly unfair of BF to take such a huge amount of my profits earned from my long hours studying a formguide. It has made betting on the exchange less attractive for me than using the totes.
The fact that some punters avoid it by dishonest means makes it even more unfair to the punters paying it. Good luck to you if you are avoiding it honestly. |
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I can better that.
I got the same restrictions on a losing account never bet more than $25 lost $89 account closed..uneconomical |
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@ AdelaidePhil - I know where you are coming from Phil, I had a 2 accounts closed a couple of years ago & swore off the corporate 'bookmakers' there & then.
The licenses of the corporates should really be bought into question as unless you are a loser or very marginal small time winner it appears accounts automatically are closed or heavily restricted. |
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@ AdelaidePhil - I know where you are coming from Phil, I had a 2 accounts closed a couple of years ago & swore off the corporate 'bookmakers' there & then.
The licenses of the corporates should really be bought into question as unless you are a loser or very marginal small time winner it appears accounts automatically are closed or heavily restricted. |
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Name and shame the various operations, better still I would enquire with consumer affair the and the state gambling authority where they are based and licensed and continually report this behaviour and demand that they be held to the same accountability and standards as on course bookmakers are as part of their licensing conditions.
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No need to name and shame Lets Elope as they are all the same.Despicable the lot of them.
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I wait for the day that all totes are in the one pool, that may make it a bit harder for the bookies as punters now chase the best of tote product from the bookies.
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agree NoBS. i reckon a single tote would be end of model of most of them
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Kye,
You can't beat PC by unfair means. I don't know what part of my post suggested I was being dishonest about it. I am struggling with the economics of your situation. Are you trying to tell me you are only betting, not trading and not arbing and you are so successful that you pay PC every week? Cos if that's the case you truly are one of the lucky ones. At least you can still bet here. No bookies will ever take your bets. Some guys can't get set. A personal friend of mine has had to give up the game because there simply wasn't enough volume here much of the time (Saturdays excepted). I simply shrug. If you consider what you are costing Betfair in revenue and advertising (don't make me explain why) you could feel fortunate they let you bet at all. |
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Crazy, I never indicated that you use dishonest means. i just think it is unfair that it can & is avoided by such means.
I dont trade or arb to any extent. I do often lay but that is no different to backing on an exchange. I find it unfair that a punter can sign up tomorrow & if he wins a $100 he gets to keep it all & i have to put $25 aside to pay a charge. I don't cost Betfair anything in advertising. They don't have to spend anything to get my business. Without a few decent-sized punters like myself there wouldnt be any liquidity on the dogs. Any new punters they attract through their advertising would just disppear cos they can't get a bet matched. Betfair need me more than i need them but I'm not sensing they understand that. I can get better value betting directly with the totes. |
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Betfair need me more than i need them but I'm not sensing they understand that.
Spot on Kye. They are bleeding people dry, the same people they need for this business model. It will unravel as quickly as it started. |
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They still need the small punters that lose to join up & lose their $50 but they need the bigger longer term punters more.
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So the general vibe is us Aussies we will all be back stuck with the totes sooner rather than later...
At least the racing industry as a whole might then survive unlike the basket cases that are the pommy & yank racing models |
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Too much hysteria in this thread for mine
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i wonder what will happen when TABCORP stop betting fixed odds on the smaller venues and the HOT trots
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is there any reason all u guys don't bet with regular on-course bookies, pm me for heavans sake
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by the way i can spell lol
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What if you prefer laying?
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of course
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but the main moan/gloat on here is I'm cut (i'm the best) I can't get on blah blah
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i just got back from grafton and all on- course bookies there holds are down - worked next to guys betting to lose 30k regularly....
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it just sound like people are sick of this crap dos
adds everywhere saying what they do and yet people cant get a bet on |
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i'm just saying we are begging 4 business, seems ironic
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i know the feeling
iam a bookie as well... not much future in it espically now with smart phones taking over |
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It is just a look at me thread, nothing more. I can see straight most of these posters who apparently can't get on
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agree with both posts, sadly it's my fulltime business
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