How would a recession affect betfair?

more...people turn to gambling,drink,drugs etc..more when times are hard

Andy Black will more trainers for all those new horses...

true

Betfair will be wishing they had 4 fobt's imo.

much, much more, assuming that companies actually fulfill their obligations re: redundancy pay.

That's based on my experience as a punter throughout Thatcher's (pause for a spit into the gutter) 'economic miracle' with 4+ million unemployed.

The only problem I can see is that companies may be so skint this time around that they actually start defaulting on their redundancy obligations, in which case, big problem.

I think we are seeing the reality of Brown's (pauses to vomit violently) economic miracle now, massive borrowings by state and individuals, massive overspending on the public sector, largely on non-jobs rather than services, and a policy of tax and spend that has never worked before and is going to blow up in their face once again as companies and individuals go the wall

cheers Gordon, wouldn't trust you with the job of running the proverbial whelk stall matey...

and your response to the question posed in the thread header maggie2621. ?

more, people will get desperate to pay the bills basically, sad but probably true

in the roring 30s when the USA markets collapsed the bigest increase was in Suicides.

After That the Numbers rackets quadruppled.
With every one starving Gamblling was increased massivly.
Cubone

dont wish to be pedantic but it should have been 1929. The Wall Street Crash.

yep, think it's more or less the 'Risk Aversion' theory:

if you've got lots you won't risk any of it by gambling 'cos you don't want to lose it

if you've got next to nowt, things couldn't get worse, so you might as well risk what you have on the remote possibilty of getting lots

how many rich people do you see queuing up for lottery tickets ?

Gus, dont forget the neady and the gready so I bet billionares have ago on the european lottery

Cubone

by the way Gus I am surprised that you have forgotten that rich people can bet on the net.

Cubone.

well I'm sure you're right Cu.

Some of them make make my life a misery on the racing place markets, but i console myself with the thought that every time I hit the 'Withdraw' button there's ten of them hitting the 'Deposit' buttom.

nice to hear it, by the way congrtats on your software it is great.

Cubone

why thankyou Cu, I hope you're saying that as a payer :)

gus I would pay 10 times if I had both eyes working.

But I may ask you to do some special software for me as Im full of ideas, even at 71.

I tend to agree with what has been said, does anyone think this will lead to more problem gamblers or will punters just chance their arm and retreat with a bloody nose? There's worrying times ahead for a lot of people and betting can be a form of escapism, as has been said if people get redundancy packages they may come on here hoping to find the golden goose without having any idea whatsoever
how to go about it. There's a fair few who think if they've got a big bank to play with the sky's the limit!

has it had a major effect?

shuoldnt that be how DID or how IS lol ?

this thread is from a long while ago ;)