New Posts For Thread: Can Betfair compete or is it game over?https://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-overI just looked on odds checker at tomorrows Premier League games and the Betfair exchange was not top price on any of the outcomes in the 8 matches. That is 24 outcomes and it has no black type. Terrible.The story was similar on the racing this morninSo what do you want the spread to be? Overbroke, 2.05 to back and 1.95 to lay?Of course not. A book that is 2.0 to back and 2.02 to lay is, if you pay 5% commission, 1.95 to back and 2.07 to lay. If you reduce the commission to 1% it becomes 1.99 tohttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529502073#529502073So what do you want the spread to be? Overbroke, 2.05 to back and 1.95 to lay?Of course not. A book that is 2.0 to back and 2.02 to lay is, if you pay 5% commission, 1.95 to back and 2.07 to lay. If you reduce the commission to 1% it becomes 1.99 toSun, 03 Mar 2013 03:26:18 -0600W/ the 2.00/2.02 example, frog is illustrating the problem for bf too.The only people playing will be the 3% or less commission bettors, many of which will be price-taking i.e. non market-making winners, and traders.The traders give up a far smallerhttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529501477#529501477W/ the 2.00/2.02 example, frog is illustrating the problem for bf too.The only people playing will be the 3% or less commission bettors, many of which will be price-taking i.e. non market-making winners, and traders.The traders give up a far smallerSun, 03 Mar 2013 02:02:27 -0600fixed, it's time that bookmakers understood that the right way to view small, skill-based winners is as a marketing cost.There were so many times between 2001 and roughly 2006 or so that I recommended bf to people. I wd say, 'it's an exchange, so youhttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529501385#529501385fixed, it's time that bookmakers understood that the right way to view small, skill-based winners is as a marketing cost.There were so many times between 2001 and roughly 2006 or so that I recommended bf to people. I wd say, 'it's an exchange, so youSun, 03 Mar 2013 01:49:26 -0600artie, you've got it wrong, I don't back at an early price (or very rarely on here).My m. o. when I can devote the day to it is to try to lay a partial book of between 35-65% of the market, looking to take on any position where I see the price as beihttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529501323#529501323artie, you've got it wrong, I don't back at an early price (or very rarely on here).My m. o. when I can devote the day to it is to try to lay a partial book of between 35-65% of the market, looking to take on any position where I see the price as beiSun, 03 Mar 2013 01:40:27 -0600So what do you want the spread to be? Overbroke, 2.05 to back and 1.95 to lay? I admit that for very low margin markets like football win markets, commission is going to make the prices on here worse than bookies like pinnacle. But for just about evehttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529494767#529494767So what do you want the spread to be? Overbroke, 2.05 to back and 1.95 to lay? I admit that for very low margin markets like football win markets, commission is going to make the prices on here worse than bookies like pinnacle. But for just about eveSat, 02 Mar 2013 17:36:12 -0600A radical idea would be around 0-1% commission.Betfair would kill the bookies on price. I think about 30% of lads online customers use Betfair. If Betfair ran on 0% commission, they'd probably stop using lads. Probably roughly the same with the otherhttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529494683#529494683A radical idea would be around 0-1% commission.Betfair would kill the bookies on price. I think about 30% of lads online customers use Betfair. If Betfair ran on 0% commission, they'd probably stop using lads. Probably roughly the same with the otherSat, 02 Mar 2013 17:31:13 -0600pointless question. nobody can calculate the effect of gradually moving from a "Winners are welcome" natural-monopoly betting exchange to one of the hundreds of conventional bookmakers. and the Premium Charge may have been the tipping pointmy generalhttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529492111#529492111pointless question. nobody can calculate the effect of gradually moving from a "Winners are welcome" natural-monopoly betting exchange to one of the hundreds of conventional bookmakers. and the Premium Charge may have been the tipping pointmy generalSat, 02 Mar 2013 15:53:03 -0600So would profits have dived without the charge or is it largely neutral in terms of revenue? I think they just ran some filters and said they would make a lot more money without realizing people would change their behaviour following the charge. I dohttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529487283#529487283So would profits have dived without the charge or is it largely neutral in terms of revenue? I think they just ran some filters and said they would make a lot more money without realizing people would change their behaviour following the charge. I doSat, 02 Mar 2013 13:00:51 -0600betfair net profit 2012 is a little over 30m. that is basically where it was back in 2008 when the premium charge was born........(there also are a lot of pictures and Adj. Core Non Exceptional EBIDTA bs numbers in annual result presentations these dhttps://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529486691#529486691betfair net profit 2012 is a little over 30m. that is basically where it was back in 2008 when the premium charge was born........(there also are a lot of pictures and Adj. Core Non Exceptional EBIDTA bs numbers in annual result presentations these dSat, 02 Mar 2013 12:27:40 -0600If I don't encounter all these problems presumably other people don't.https://community.betfair.com/general_betting/go/thread/view/94082/29792245/can-betfair-compete-or-is-it-game-over?post_id=529485677#529485677If I don't encounter all these problems presumably other people don't.Sat, 02 Mar 2013 11:41:33 -0600