General Betting
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When will Betfair start restricting/banning accounts?
When will Betfair start restricting/banning accounts?
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Replies: 507
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They won't get the licensing in the end, just like America, it will be decided Betfair is a form of money laundering, so the PC is one issue. They should ge their house in order first and concentrate on their falling share price.
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how you/they mean BAFTA's?
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So in effect now there theoretically spending winners profits to sell there version of an ideal
From bff post. Highlighted should read traders earnings |
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OP banned
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Yes, but not for winning.
Eddy had wisdom beyond his years IMHO. But even he did not see how far it was going to go. "Once Betfair's growth declines (which it inevitably will), just how long will it be until non-profitable winning accounts are either restricted or shut down? I can see it happening within a year or two of floatation, possibly even before." But he was also like a dog with a bone and didn't know when to keep his powder dry. Love him or loathe him, this forum would be a more interesting place if he was still around. Instead we have these pseudo-intellectuals with ADHD, who have done the online MENSA test and believe they are a cut above the rest of us. (£17.50 per mug)  |
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Is he actually banned from betting on the site ?
If so, that would be a first ? Pretty unenforceable though, in that he could get any member of his family presumably to front an account for him. |
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Not banned from betting, no just the forum.
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why is he banned from the forum guys?
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But he was also like a dog with a bone and didn't know when to keep his powder dry.
Love him or loathe him, this forum would be a more interesting place if he was still around. Instead we have these pseudo-intellectuals with ADHD, who have done the online MENSA test and believe they are a cut above the rest of us. (£17.50 per mug)  |
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Remember this?
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it's called PREMIUM CHARGE
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the worst thing BETFAIR EVER INTRODUCED
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lol remember when he was on big brother wasnt chosen on the first night
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#but wasnt chosen
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http://eddymurraydj.tripod.com/sexydjcom/
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More reading for Smithy...
so did DJ Sunset start it all off putting the idea into BF's mind  |
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I know this is eight years down the line, but OP was correct in his post and his ensuing debate.
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A good ttt Andriy, cheers
The last betfair annual report is online at (.http://www.investegate.co.uk/betfair-group-plc--bet-/rns/final-results/201306270700099603H/) and contains some comedy gems: 'Excellent progress made in the delivery of our turnaround plan' - yeah right, turning new in-play exchange punters around in the doorway and sending them straight back out. 'New management team in place and cultural change underway' - that's the culture which permits ex-employees to break sporting rules and betfair's own rules by 'courtsiding' right. 'improving the ease of use of the Exchange, while still allowing our customers to benefit fully from its unique characteristics and value' - is that the value which means a new customer to the exchange having a look at in-play for the first time will have his bet matched at least 20% of the time by someone mugging him off using a private data feed. It should be possible for a newcomer to in-play to win say 40% of the time following the action at home on Sky, and half the losers to feel that they had value and/or excitement at some point. This is pure guessing from the 20% courtsider matched-bets, but if newcomers win say 32% of the time per event and only 40% of the losers had a value exciting experience, then newcomers are both being ripped off and less likely to come back. 'While total Gaming revenues were down 6% in the year, led by a 26% decline in unregulated jurisdictions following market exits' - Surely that is black humour. The unregulated jurisdiction is right here where their own rules are not being enforced: 'Specific Conditions relating to your use of the Exchange Your Conduct You will at all times act in good faith in relation to the counterparties to your bets struck through the Exchange and such counterparties will be able to enforce this duty directly against you. In particular you will not place bets on the Exchange in breach of any sporting rules, regulations or code of conduct which apply to you.' |
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Thanks to cpfc4me for providing a link to this. A good read.
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Oh god this old chestnut. Many people assume the decline began in September 2008 when they announced the premium charge, but now it transpires it was 2 years earlier when DJ Sunset first gave them the idea
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DJ didn't give them the idea, they were already thinking along those lines, so no need to blame him. Col Archaius Tory was "in the know" and he says as much in his OP.
250 posts in one day. Shows how the forum has changed. |
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Thread is over 10 years old now
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made me laugh how dogdice was throwing in totally random comments at the start in a disruptive attempt to 'lose' the thread.
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....make that a futile attempt
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There was an economist on Question Time this week and she said we need to move away from this attitude of companies just going all out to make profits for their shareholders at the expense of creating opportunities down the line for the general population. To be honest she could have been talking about Betfair because the premium charge and in-house bots seems very short sighted and it's hard to be optimistic about the future.
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In a word, has their Sportsbook been a success ?
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yes
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Launching the sportsbook probably encouraged paddy power to buy betfair. So for the shareholders its a success, for exchange customers, not so much.
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