General Betting

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02 Dec 09 11:45
Date Joined: 06 Apr 08
| Topic/replies: 162 | Blogger: Betfarian2008's blog
If 95% of betfair users lose money here and most of them lose big amounts, where does the current liquidity come from?? do they just keep depositing and coming back and so on? it just doesn't make any sense. you see bigger amounts being matched day in day out on tennis, football, basketball etc. if people are really losing most of them would just quit and therefore liquidity would decrease with time, but this is not happening.
Pause Switch to Standard View Where does the liquidity come from?
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Report clouded leopard December 2, 2009 11:47 AM GMT
ever heard of money tree ?
Report Moon Light December 2, 2009 1:06 PM GMT
Losing gamblers quit? Never.
Report Betfarian2008 December 2, 2009 1:14 PM GMT
that explains why you are here ...
Report 1.01 Layer December 2, 2009 1:30 PM GMT
Err, peoples pay packets, dole cheques, student grants etc.

This might come as news to you but those kinds of sources of income regularly repeat themselves, allowing the hapless punter to keep trying.

After extensive research it appears that this is why high street bookies have been falling over each other to secure a slice since one caveman said to another "I bet it gets dark tonight" (or similar).
Report stu December 2, 2009 1:43 PM GMT
Yep, and there's no laws about how much they are allowed to spend out of their pay checks on here.
Report viva el presidente! December 2, 2009 2:03 PM GMT
where has the liquidity in betting shops always come from?

do people only bet the money they've got back from earlier bets, or do they put new money across the counter because it's something they have a continuing desire to do?
Report Muqbil December 2, 2009 2:04 PM GMT
Adam Heathcote supplies most of it.
Report cruki December 2, 2009 2:09 PM GMT
Betfarian2008 I think a lot of the liquidity pre match starts are put up my traders look to steal a tick here or there. If you put in a £10,000 lay at 1.4 and a £10,000 back at 1.41 providing it all gets taken you can make around £70 with very little risk.
Report Richard LL December 2, 2009 2:12 PM GMT
depends what you mean by liquidity, if you mean the large numbers on the screen on any given event, it's mainly supplied by traders, bots and consistent winners, the value of this "liquidity" to the exchange and others users is debateable, hence it gets debated rather a lot :)
Report Crisp77 December 2, 2009 2:37 PM GMT
Surely Betfair put it up...even if they lay at 101-102%...they still make a few %?
Report matt le tiss December 2, 2009 2:44 PM GMT
Premium Charge payers.
Report downto you December 2, 2009 2:49 PM GMT
so much of the liquidity is provided by traders and scalpers etc , not people having a bet, so you may see 500k matched on an event , yet most are trading fortunes to make peanuts, so a lot of the figures are a smokescreen to how much is being genuinely gambled as opposed to traded.
Report viva el presidente! December 2, 2009 2:51 PM GMT
but they're not a smokescreen as to how much is actually available. if there's 100K there and you want to have a 100K bet, you can.
Report Contrarian December 2, 2009 3:05 PM GMT
Hi viva el presidente,

It appears that we have a friend in common.
Report Treble_Underscore December 2, 2009 3:07 PM GMT
lol @ muqbil
Report Coachbuster December 2, 2009 3:33 PM GMT
Down to you is correct .

Besides ,most hapless gamblers don't work it wont be wages ,and it wont be dole cheques either .

More likely money gained from selling stolen goods and other illegal sources.

So in a roundabout way ,it's us who provides the money (Joe public) probably through increased insurance premiums.
Report The Mighty Mogul December 2, 2009 4:04 PM GMT
and I suppose most of them are black as well?

what an absolutely ludicrous statement
Report Coachbuster December 2, 2009 4:07 PM GMT
Mighty ,yes some will be black no doubt.

Going by experience of all heavy /addicted gamblers ive come across in my time ....some have stolen from their own parents in order to get the next bet on ...although most are addicted to FOBTs rather than sports betting
Report kohaku December 2, 2009 4:29 PM GMT
fcuk nose
Report Optimizer December 2, 2009 6:00 PM GMT
Report Lori December 2, 2009 8:06 PM GMT
It all comes from Feck.
Report Lori December 2, 2009 8:06 PM GMT
*Missed Muqbil beating me to the punch, sorry lads.
Report A Reasoned View December 2, 2009 8:09 PM GMT
Lori - you're wrong there! - as we all know it's the traders who provide most of the liquidity - but don't tell Feck....
Report chop180 December 2, 2009 8:19 PM GMT
For heaven sake, of course the liquidity is supplied by the traders, where else does it come from, thin air?

Do you get a random person just putting up 50k suddenly because he fancies a gamble ?:|
Report page-413 December 2, 2009 10:19 PM GMT
thank god it continue's
Report d13phe December 2, 2009 10:20 PM GMT
bookies balancing their books

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