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When will Betfair start restricting/banning accounts?

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Replies: 507
By:
dogdice
When: 22 Sep 06 19:34
or DeNiro in taxi driver...
By:
Tam's Loup
When: 22 Sep 06 19:36
dogdice - you flatter yourself by thinking that you are anything other than a pain in the erse.

Surprise me and say something useful.
By:
charlatan
When: 22 Sep 06 19:38
I think if they've said its a managed market, they have a responsibility to try to take it down the moment the match finishes.

and if not they don't presumably.
By:
dogdice
When: 22 Sep 06 19:40
ok tamsloup - in the banking sector, pick the one with the highest P/E ratio - I think it might be HSBC at the moment.

what more do you want ?
By:
dogdice
When: 22 Sep 06 19:41
was that useful enough ?
By:
DJ Sunset
When: 22 Sep 06 19:42
there is a trade-off between cost of policing a market, and leaving some users open to being picked off at the end of a game.

i don't think many users leave bets up expecting a suspension (i don't after having had bets hoovered before on tennis), but there has to be some responsibility for users to manage their own positions at times, and i think in a minority market, without monitoring, it does fall to the user (if the minority market needed supervision, the cost of doing so might stop it from being offered in the first place).
By:
Tam's Loup
When: 22 Sep 06 19:42
has that got anything to do with this thread?
By:
dogdice
When: 22 Sep 06 19:43
tamsloup it's not as though you've stuck your neck out on anything is it ?
By:
dogdice
When: 22 Sep 06 19:46
crikey, I stick to the thread and you don't like it. I answer your questions and you don't like it. tamsloup, get yourself a girlfriend, some viagra, some cocaine and have yourself a real good time.
By:
Tam's Loup
When: 22 Sep 06 19:46
That's right, I haven't stated that a cash cow isn't really a cow; a hoover is a vaccuum,and you don't oil wheels. Somehow I think the thread would have survived without you sticking your oar in.
By:
dogdice
When: 22 Sep 06 19:48
you can't possibly be C'MON in disguise can you ?
By:
frog
When: 22 Sep 06 19:49
If 70% of accounts that win one year lose the following year closing winning accounts would be a big mistake. By all means remove the winning insiders and **s who cannot lose from the system but removing genuine punters would be a mistake. Patterns change all the time. Last years biggest winner could well be this year's biggest loser.
By:
Tam's Loup
When: 22 Sep 06 19:51
How much would you bet frog, that a random big winner from last year would be a big loser this year? And what odds?
By:
dogdice
When: 22 Sep 06 19:51
"I state that a cash cow isn't really a cow; a hoover is a vacuum,and you don't oil wheels"

if I got that much sense out of anyone I would feel quite good about it.
By:
DJ Sunset
When: 22 Sep 06 19:52
agree with frog completely.

any price hikes when they come should be tailored towards extracting more from winners, and should be sensitive towards changes in winning/losing patterns.

my point about the insiders really was that every pound they take out, up to 95% of that could have gone into betfair's profits instead. bit of a waste of betfair's profits to let them be.
By:
The Betf
When: 22 Sep 06 19:53
I sincerely hope you guys never get a job on the board of Betfair.
By:
dogdice
When: 22 Sep 06 19:54
Betfair is only a medium by which bets are transacted. this is the 21st century folks.
By:
DJ Sunset
When: 22 Sep 06 19:54
I don't think many people would take 100 million to 1 that I ever reached the Betfair board, Betfairy :^O
By:
The Betf
When: 22 Sep 06 19:55
Good.
By:
Tam's Loup
When: 22 Sep 06 19:55
Did you have to check the calendar there, dogdice?
By:
dogdice
When: 22 Sep 06 19:56
the japs bought a pup, I just hope old fatboy spends his quids wisely.
By:
frog
When: 22 Sep 06 19:57
I never bet with inside information. I dont know how much the biggest winner made last year but I do know people that have won six figures one year and lost six figures the next on Betfair. This is 100% true. If the six figure winner was banned that money would be gone from the system and would never has returned the next. Remember in gambling it is just when you think the game is cracked you probably are about to face your worst ever losing streak. I have been hanging around the betting game for about 15 years and things are always changing for genuine gamblers. If you dont keep changing what you do someone cleverer and and harder working will come along and rip your arm off.
By:
dogdice
When: 22 Sep 06 19:58
my calendar is neo-pagan, it plays havoc with my nocturnal instincts.
By:
dogdice
When: 22 Sep 06 19:59
"This is 100% true"

that and mortality. nice one froghead.
By:
dogdice
When: 22 Sep 06 20:01
" I have been hanging around the betting game for about 15 years and things are always changing for genuine gamblers"

15 years isn't all that long really.what if you've been doing it for 35 years ?
By:
DJ Sunset
When: 22 Sep 06 20:02
frog,

the answer may be something along the lines of starting everyone at 5%, and reducing their percentage each time they had a loss on their account.

this would mean that people who hardly ever lose pay a higher proportion of their winnings to betfair, and the more losses someone has, the cheaper the product is for them to use.

i have not thought this through, and i'm sure it is flawed, but its a starting point.
By:
frog
When: 22 Sep 06 20:02
how could i have done it for 35 years? I am only 31.
By:
dogdice
When: 22 Sep 06 20:04
frog - sorry, I meant me.
By:
dogdice
When: 22 Sep 06 20:05
DJ - "flawed" is only scratching the surface of what you're trying to say.
By:
frog
When: 22 Sep 06 20:06
DJ, get a grip. Alot of the big players on Betfair are arbers and bookies. Charge them 5% to bet 10,000 or 50,000 or 100,000 on a cricket match or a gootball match and they wont play on here. When the bookies price up at 101% do you seriously think Betfair can charge big players 5% commission? The only people who need to be removed from the system are the insiders and the **s and there is zero evidence that these people are not being hunted down and removed.
By:
Tam's Loup
When: 22 Sep 06 20:09
frog - there are people who lose on here without having the benefit of having won six figures the previous year. As usual, you are consumed with self interest.
By:
DJ Sunset
When: 22 Sep 06 20:09
something along the lines of charging commission according to relative wins to losses is the way forward.

i'm not suggesting that arbers should be on 5%, they will build up huge greens and reds, and would have a lower commission rate generated.

i am surprised that you say there is zero evidence that insiders/**s aren't being tackled though. they're not being tackled in specials, but i dont' know if they are tackled or not in other sports.
By:
frog
When: 22 Sep 06 20:10
louper, yes of course there are people who lose who have never won. dont remember saying otherwise.
By:
dogdice
When: 22 Sep 06 20:11
the hedgers will always be there - Betfair is just covenient, that's all.

in 10 years time I'll laugh about it, but then again 10 years ago I would have laughed about the very concept of "Betfair"

it's a piece of plasticine and I seriously think that if you've done well out of it, jump ship.
By:
frog
When: 22 Sep 06 20:12
dj, how come you are not online?
By:
DJ Sunset
When: 22 Sep 06 20:12
or how about starting new accounts on 3.75% (halfway between 2 and 5%), and having a commission rate that climbed or fell in a ratio to the win:loss ratio on the account? it would only climb on say an account that was a significant winner (10% or more ahead on turnover), but would fall if it was a healthy account generating lots of commission at a stable rate for betfair.
By:
The Betf
When: 22 Sep 06 20:14
Or we could just leave it alone?
By:
dogdice
When: 22 Sep 06 20:16
can nobody stand back and ask "where is the cash coming from ?"

tamsloup doesn't get it, DJ probably doesn't, frog might not, but okay YOU tell me where the leisure quid is going to go...
By:
The Betf
When: 22 Sep 06 20:22
Things were a lot simpler in the days when you just gave your money to the bookmaker. No arguements over commission levels, bonus points, or the morality of taking money from the innocents. Exchanges have just complicated my life.
By:
frog
When: 22 Sep 06 20:22
The leisure quid is split between professional gamblers and betfair.
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