how long will betfair last??

People can’t be @rsed with owt these days. 4G in the palm of your hand has created too many distractions. A few years back I spent 100’s of hours collecting data and writing excel based systems. I cannot be bothered now. I recently opened an old gruss/excel workbook, it blew my mind I couldn’t figure out what did what. I suspect I’m sitting on a money making program but cannot be botherd to use it

When 3G first came out people said “it’s good but I can’t wait for 4G.” 4G arrived and there is no mention of 5G. Is this it as far as the internet is concerned? Has the World Wide Web peaked at this moment?

good point ibra...
I hadn't really factored in the influences of the take overs
can only think paddy wields a pretty sharp stick
can afford the concessions instore now hes raping here...and hence the end of the exchange as such

4G arrived and there is no mention of 5G
There's enough mention of 5G. Maybe you aren't listening carefully enough.

if betfair are telling the truth ,when you visa card reaches its expiry date you will have two choices,show them your bank account or leave betfair.
this it wrong ,and if everyone feels the same way as i do they will not comply with this rule,it is an invasion of privacy and breaks the data protection act.
but i guess they dont care if i leave,but they just might if everyone leaves and that could be a strong possibility ,but this will not be noticed because everyone has a different expiry date on their visa card and it will be a drip drip method of customers leaving.

i have had that problem with an expired card they say its because of money laundering and the net deposits.i created a bit of a stink and because the net deposit between deposits and withdrawals was pretty small the guy on the phone just changed it there and then but only after i made some fuss and said well just close my account

well,in my case it will be betfair that closes my account ,becaause as the expiry date arrives it will be them that stop it,i rang 3 or 4 times to register my replacement card,and one member of staff hung up on me,the second member told me she would me in the afternoon and the third member told me like it or lump it that that was the new rule and no letter from my bank will suit them,they want to see a photo my account .and its the same account that they insisted on me opening in 2003 ,and was faxed to them at the time .(thats the way it was done in those days,so they really have a photo of it.
and if they really are sincere about it all they have to do is press a button to see how i did over the 15 years,i am sure all the deposits and withdrawals are there for them,and my house address is still the same,bank account the same,betfair account still the same,user name on forum the same,telephone numbers still the same,but i guess my valued customer status must have gone down for them to be annoying an old age pensioner who's only vice is to have a few quid on a horse or football team

There are signs betfair are recognising the exchange is in trouble by coming up with incentives aimed at the exchange exclusively, which I can't recall ever seeing before.
The first one was the money back if a back bet goes odds on and loses (only for very small money and has limited impact)
The second one could be more significant however.
Betfair have targeted 50 customers, all HRPC payers and given them allowances against the amount of PC due each winning week.
We all know that betfair implemented the 'winners tax' on the argument that losers need encouraging to continue on the exchange through advertising etc, for winners to win from. Well as emerging markets stall and the lifecycle of the exchange becomes mature, perhaps finding these losers is becoming increasingly difficult.
This could be why bf are now targeting layers who put up more than 50% of liability to 'back' bets total.
This seems acknowledgment that we layers are thinning out.

I have no problem risking liabilities, I was never a gambler before the exchanges so 'backing' is no more natural to me than laying.
The only gripe I have with the exchange, is that as the markets become weak the prices fluctuate and those opportunistic back bets set at daft levels that don't correspond at all with the developing action sometimes get matched IR, when they have no right to get matched.

The long game as has always been the case is America, if that ever materialises.

America can bet again online cant they?

Why should they care where the money comes from?
They must be following some legislative guidelines because no company makes it difficult for their customers to give them money.

https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/10094720/Betfair-bid-looked-an-odds-on-cert-so-how-did-it-fail.html


Mr Koch, a huge fan of the exchange model of peer-to-peer betting, had an altogether different plan for a business he had bought into in 2001, roughly a year after its launch. His £1.5m wager has already proved his “most successful investment” – better even than Filofax and Plymouth Gin. He sold 23pc of his holding to Japan’s Softbank in 2006, making a £27m pre-tax profit.

His plan for Betfair had echoes of the “Pareto Rule” that has come to shape his life since, as a 19-year-old student, he stumbled across the work of 19th-century Italian economist Vilfredo Pareto in Oxford’s Bodleian library. The rule broadly stipulates that 80pc of results come from a relatively small amount of causes – just 20pc. He has seen this everywhere, citing a historic survey from the Prudential insurer that showed “80pc of the sales were sold by 20pc of their salesmen”. Fifteen years ago, he wrote a book, The 80/20 Principle, which has sold more than 1m copies.

The principle, he insists, goes just as well for Betfair’s 900,000 customers. “One thing that relates to the book is that it is usually a small amount of customers that accounts for a large proportion of your profitability,” he says.

So he advocated cutting customer numbers to focus on the big fish, not the minnows. That would have allowed a drastic cut to the annual marketing budget – from £90m-£100m to just £20m – as Betfair stopped trying to lure tiddlers interested only in £10 free bets. “You have to focus on the core customers and provide new products for them,” he says.

one thing i am not sure of is that the bank i use is a member of the royal bank of Scotland group,in other words a UK bank.It is possible that it may only be UK bank customers that are hampered by registration on betfair (but i am not sure).it may have something to do with brexit as the banks position themselves for a no deal situation ,but the story will continue ,and the days are running out for betfair and their customers.

the guy on the help desk told me that the new rule applies to everyone ,so we are all going to face the same problem,so while the banks and betfair sort out the problem it is the customers that suffer,and 95% of customers are not going to give photo's of their bank accounts to a gambling site.
AS i say the clock is ticking and old cards are been withdrawn by the banks so there is only one way this can end and betfair have not even put up a statement on their service page about it,and the customers are in a catch 22 situation,and can do nothing about it.remember banks are advising not to give anyone full details of their accounts.
it is a very serious situation for the betfairs customers and everyone will have the problem when their present visa card expires.

i dont know,all i know is that betfair have refused to register my replacement card for the one and only bank account that i have,its the same account that i have used for the 15 years i have been on betfair.But what annoys me most is that betfair  will not accept a letter from the bank stating that the card i wish to regester is a replacement card for the said bank account.

the problem with the new visa cards is that all banks are updating their cards to a new contactless card(a card that allows you the purchase anything up to 30 quid without using a pin number)to do this and enhance security all replacements visa cards are issued with a new set of numbers.

That isn't correct.  I have had all my cards upgraded to contactless and none of the numbers have changed.

I don't get this.

When you say they want a photo of your account - what exactly do they want? And how does giving your bank details prove that a particular card is attached to it?

Data is the new oil guys

Plenty of liquidity for the big games. Less for the obscure stuff, in which case either try Asia or don't bet on the Armenian women's second division. For the big games I'll always sue **** if I can, 2% commission as opposed to 25% here, tough call

I'm 37 by the way, and what the hell is 4G? I get that it's data but I'm blissfully unaware of the relevance