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I think you are overreacting BJT. The premium charge No 1 and 2, plus the increase in commission, had very little effect on liquidity. I can't see why this increase will be any different.
I could be wrong but as I said before, the liquidity provided by traders is a mirage. |
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And Nickw that is a racing area/jurisdiction that has no plans to go t/o, so we're all in trouble.
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Withdrew everything out of my account today after about 5 years trading. So long Betfair!
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Agree josh
It all has a flow on effect |
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Interesting points about stuffing Racing in Oz. As you know it's a JV, so Crown would have to pull out. And BF don't appear to want to go anywhere.
What I don't get is when the purple mob starting fielding on races here it was met with an almighty outcry by racing (and even AFL I believe) they were threatened with 60k a day fines. But why would they have cared? As you say how would they realistically get them to court. Additionally whoopi...I know what you're saying about stopping, but the Aus govnt hasn't yet. And may never. Why doesn't the largest sportsbook in the world operating from the Caribbean get threatened by Aus authorities? They are offering a service illegally aren't they - yet they go through an Aus bank account! |
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It'll be interesting to see what the story is in, say, 2 months. Far too early yet IMHO.
Also you have yet to get Vic and Qld racing out to see the full impact on traders. The world will be watching this one I'd think. |
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Out of your mind anybody writing off the impact of traders because of the NSW liquidity, considering it was still a traders market. Yes the story was traders weren't happening, but the reality is very few traders were barred, and plenty were still active. This, in essence, is much much different.
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By: whoopi
Date Joined: 18 Sep 10 Add contact | Send message When: 27 Jul 12 11:12 Joined: Date Joined: 18 Sep 10 | Topic/replies: 2,959 | Blogger: whoopi's blog Flaw in your argument is that they can make it illegal for the user in Australia to use the service. Most of us don't want to be criminals they will never do this whoopi, because if they did, they would have to ban every foreign account betting with Australia betting firms according to the WTO rulings. plus how would they ever police it. |
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if i may also add, with all this talk about liquidity??? do u really think BF arent seeding markets
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Reality is, BF markets show liquidity. They pay turnover on liquidity. In some instances I believe it, but others, I think it is too dangerous to their model.
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