New Posts For Thread: implications for ALL - Aus high court rulinghttps://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-rulingif you don't think this will affect everyone in the futurethink again !!!it will give every raceclub and sports club dollar signs in their eyes.ignore this at your peril !told you so......I bet the levy board in the UK is lookingat this and rubbing their hands togetherhttps://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=519097897#519097897told you so......I bet the levy board in the UK is lookingat this and rubbing their hands togetherFri, 27 Apr 2012 19:32:55 -0500but i'm sanguine about the whole thing cos i'm heading towards 62.5% commission at which point i hope the government introduces a 99% special tax on betfair profitshttps://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518707767#518707767but i'm sanguine about the whole thing cos i'm heading towards 62.5% commission at which point i hope the government introduces a 99% special tax on betfair profitsTue, 17 Apr 2012 08:08:27 -0500yeah. rugby union, aussie rules, rugby league, cricket. some of the in-running stuff (actually in aus rather than nz or sa for super 15) is actually better because their ban means you aren't competing against folks betting on their phones at the venuhttps://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518707697#518707697yeah. rugby union, aussie rules, rugby league, cricket. some of the in-running stuff (actually in aus rather than nz or sa for super 15) is actually better because their ban means you aren't competing against folks betting on their phones at the venuTue, 17 Apr 2012 08:06:36 -0500Does anyone actually bet on Aussie markets?Nothing there of interest to me whatsoever.https://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518707473#518707473Does anyone actually bet on Aussie markets?Nothing there of interest to me whatsoever.Tue, 17 Apr 2012 07:59:55 -0500Tax on turnover makes an exchange model infeasible. It will either force betfair out of Australia, or force them into making the markets themselves and out of the exchange model. (And even then, they wouldn't be able to offer many odds-on stuff.)https://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518703345#518703345Tax on turnover makes an exchange model infeasible. It will either force betfair out of Australia, or force them into making the markets themselves and out of the exchange model. (And even then, they wouldn't be able to offer many odds-on stuff.)Tue, 17 Apr 2012 05:26:17 -0500now you're getting it!!!!!traders will become loss making customers under a 1.5% on turnover model.as a business you ditch loss making parts of a business for high profitparts of your business.low volume/high profit might in the long run be very profhttps://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518690457#518690457now you're getting it!!!!!traders will become loss making customers under a 1.5% on turnover model.as a business you ditch loss making parts of a business for high profitparts of your business.low volume/high profit might in the long run be very profMon, 16 Apr 2012 16:43:55 -0500They have stated publicly , that they are going nowhere.https://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518670327#518670327They have stated publicly , that they are going nowhere.Mon, 16 Apr 2012 07:25:06 -0500have betfair said whether they are closing down their operations in the relevant states of Australia.I presume they will, otherwise we can imply that a 1.5% turnover tax is acceptable to their bottom line. If they contnue to operate I could see morehttps://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518669093#518669093have betfair said whether they are closing down their operations in the relevant states of Australia.I presume they will, otherwise we can imply that a 1.5% turnover tax is acceptable to their bottom line. If they contnue to operate I could see moreMon, 16 Apr 2012 06:34:58 -0500frog, while I agree that if betfair cut out the middlemen then losing gamblers churning the extra money might well compensate betfair for the pc losses (fewer crashes might also help) the 1.5% turnover tax will hit a lot of winning gamblers as well.https://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518666989#518666989frog, while I agree that if betfair cut out the middlemen then losing gamblers churning the extra money might well compensate betfair for the pc losses (fewer crashes might also help) the 1.5% turnover tax will hit a lot of winning gamblers as well.Mon, 16 Apr 2012 04:44:53 -0500If Betfair can build a business in Australia without the need for traders it could have massive implications for Betfair users. Their hand is forced but they might find their profits actually go up without traders.https://community.betfair.com/general_betting/go/thread/view/94082/29057547/implications-for-all---aus-high-court-ruling?post_id=518666569#518666569If Betfair can build a business in Australia without the need for traders it could have massive implications for Betfair users. Their hand is forced but they might find their profits actually go up without traders.Mon, 16 Apr 2012 04:20:19 -0500