New Posts For Thread: Well done Betfair: everyone is a £2 punter now.https://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-nowInstead of taking 72% out of a large number you're going to take a higher percentage out of a much smaller number. The markets I use have regressed further since last season.I wouldn't expect a guarantee of 85k, but some figure to work with would be helpful. I disagree with the idea that smaller accounts would be penalised with a threshold- the point of the threshold is that they would get 100% up to that point, which ishttps://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505236965#505236965I wouldn't expect a guarantee of 85k, but some figure to work with would be helpful. I disagree with the idea that smaller accounts would be penalised with a threshold- the point of the threshold is that they would get 100% up to that point, which isSat, 13 Aug 2011 16:48:13 -0500I believe that fraud and poor investments were suggested as alternative reasons as to how a shortfall could theoretically occur in an earlier thread. I would hope that both of these are even less likely than the collapse of a holding bank which resulhttps://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505236115#505236115I believe that fraud and poor investments were suggested as alternative reasons as to how a shortfall could theoretically occur in an earlier thread. I would hope that both of these are even less likely than the collapse of a holding bank which resulSat, 13 Aug 2011 16:23:29 -0500ics - it was a convoluted thread, but somewhere in it I made a similar point. essentially, there's a conflict of interest, in that BF get all the interest, the interest shows on their bottom line, and the bottom line affects the share value.and, if phttps://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505235853#505235853ics - it was a convoluted thread, but somewhere in it I made a similar point. essentially, there's a conflict of interest, in that BF get all the interest, the interest shows on their bottom line, and the bottom line affects the share value.and, if pSat, 13 Aug 2011 16:17:33 -0500When you say 'one of a number of...' what other situations do you have in mind to cause the discrepancy? Are we talking poor investment strategy of client funds for example? Betfair should be looking to pass down all assurances they are afforded by thttps://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505234515#505234515When you say 'one of a number of...' what other situations do you have in mind to cause the discrepancy? Are we talking poor investment strategy of client funds for example? Betfair should be looking to pass down all assurances they are afforded by tSat, 13 Aug 2011 15:41:00 -0500The fact that a shortfall is even possible baffles me- how would it end up as less than sum client funds...?ICS,As you appeared to acknowledge in your post of 17:44 and others have since stated, the collapse of one or more of the holding banks wouldhttps://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505232913#505232913The fact that a shortfall is even possible baffles me- how would it end up as less than sum client funds...?ICS,As you appeared to acknowledge in your post of 17:44 and others have since stated, the collapse of one or more of the holding banks wouldSat, 13 Aug 2011 15:05:22 -0500Exactly. We don't have the slightest idea what they're up to in this respect. How many banks is it spread across, which banks, what country, the nature of the investments (if that is what's happening) etc all need to be made transparent. The only namhttps://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505230309#505230309Exactly. We don't have the slightest idea what they're up to in this respect. How many banks is it spread across, which banks, what country, the nature of the investments (if that is what's happening) etc all need to be made transparent. The only namSat, 13 Aug 2011 14:00:48 -0500well, you probably wouldn't hazel, because in that scenario BF would use their cash pile rather than suffer the catastrophe of trying to continue trading while writing off a percentage of people's banks.but the open question imo is the nature of thehttps://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505228845#505228845well, you probably wouldn't hazel, because in that scenario BF would use their cash pile rather than suffer the catastrophe of trying to continue trading while writing off a percentage of people's banks.but the open question imo is the nature of theSat, 13 Aug 2011 13:30:55 -0500My understanding is that Betfair now spread the client fund across several banks. Which helps make the fund more safe in this current climate of possible bank failure due to sovereign default. However, if one of the banks should fail then you may lhttps://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505228605#505228605My understanding is that Betfair now spread the client fund across several banks. Which helps make the fund more safe in this current climate of possible bank failure due to sovereign default. However, if one of the banks should fail then you may lSat, 13 Aug 2011 13:24:38 -0500I like the throw the peanut in the air and catch it in my mouth.Don't know if I would bother ifthey took most of that peanut that was left.Very worrying time.https://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505228041#505228041I like the throw the peanut in the air and catch it in my mouth.Don't know if I would bother ifthey took most of that peanut that was left.Very worrying time.Sat, 13 Aug 2011 13:12:15 -0500Will they take 60% of the peanut that is left?https://community.betfair.com/general_betting/go/thread/view/94082/28198953/well-done-betfair-everyone-is-a-2-punter-now?post_id=505227965#505227965Will they take 60% of the peanut that is left?Sat, 13 Aug 2011 13:11:03 -0500