New Posts For Thread: THE BEGINNING OF THE END FOR TRADINGhttps://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-tradingToday Betfair introduce their first ever charge on turnover. So far it is only on racing markets in the bigger Australian states. The charge is 1.2% of turnover on all back bets if some straight forward criteria are met. This charge is on top of basiThere are people dying to see the Olympics, plenty of free tickets and touts prepared to stand at the gates and sell them. There is a clear win/win/win situation available here.https://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522634369#522634369There are people dying to see the Olympics, plenty of free tickets and touts prepared to stand at the gates and sell them. There is a clear win/win/win situation available here.Sun, 05 Aug 2012 05:39:20 -0500Correct, Feck, but the commission increase only apllies to the three racing codes. Betfair have not discriminated between states with the commission increase, even though some still operate on Betfair's preferred model, of gross profit.https://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522634245#522634245Correct, Feck, but the commission increase only apllies to the three racing codes. Betfair have not discriminated between states with the commission increase, even though some still operate on Betfair's preferred model, of gross profit.Sun, 05 Aug 2012 05:32:38 -0500Let me guess catfloppo. It's because people aren't willing to pay face value, they would rather pay a tout 4 times the value.https://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522633341#522633341Let me guess catfloppo. It's because people aren't willing to pay face value, they would rather pay a tout 4 times the value.Sun, 05 Aug 2012 04:57:09 -0500Have you seen all the empty seats at the Olympics, Feck?https://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522632907#522632907Have you seen all the empty seats at the Olympics, Feck?Sun, 05 Aug 2012 04:38:08 -0500their normal commission rates have increased by between 0.6% and 1.5%Is this correct castiron? I'm assuming 2.6% commission is the lowest you can go on them (6.5% with max 60% discount).https://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522632083#522632083their normal commission rates have increased by between 0.6% and 1.5%Is this correct castiron? I'm assuming 2.6% commission is the lowest you can go on them (6.5% with max 60% discount).Sun, 05 Aug 2012 04:03:17 -0500Even if there was no 50 market grace then, with respect to catflappo's implication that liquidity would be devastated on other sports/markets, it wouldn't even affect liquidity on many of the flies-round-sh1te markets as those taking advantage of thehttps://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522631979#522631979Even if there was no 50 market grace then, with respect to catflappo's implication that liquidity would be devastated on other sports/markets, it wouldn't even affect liquidity on many of the flies-round-sh1te markets as those taking advantage of theSun, 05 Aug 2012 03:56:03 -0500Provided the useless (note the absence of inverted commas) middlemen stick to 49 markets per account they'll just about be the only ones who won't be affected by the turnover charge. It looks like the gamblers will be funding the whole shebang as thehttps://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522631615#522631615Provided the useless (note the absence of inverted commas) middlemen stick to 49 markets per account they'll just about be the only ones who won't be affected by the turnover charge. It looks like the gamblers will be funding the whole shebang as theSun, 05 Aug 2012 03:30:31 -0500Presumably, without the "useless" middle men these markets are now flourishing and when Betfair see the extent to which their profit has been hithertoo stunted they will soon follow suit on other markets?https://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522631207#522631207Presumably, without the "useless" middle men these markets are now flourishing and when Betfair see the extent to which their profit has been hithertoo stunted they will soon follow suit on other markets?Sun, 05 Aug 2012 02:56:05 -0500After the High Court decision, there was only two options for Betfair. Pay what the Racing Boards demanded, or pull the plug.https://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522617189#522617189After the High Court decision, there was only two options for Betfair. Pay what the Racing Boards demanded, or pull the plug.Sat, 04 Aug 2012 15:33:10 -0500They capitulated far too easily in Australia. They shd have played hardball--describing backs as lays or something--and offered much less to the race clubs than they're offering now.Soon they will have one world-beating product--IR football, and a hahttps://community.betfair.com/general_betting/go/thread/view/94082/29259495/the-beginning-of-the-end-for-trading?post_id=522610181#522610181They capitulated far too easily in Australia. They shd have played hardball--describing backs as lays or something--and offered much less to the race clubs than they're offering now.Soon they will have one world-beating product--IR football, and a haSat, 04 Aug 2012 12:31:33 -0500