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17 Oct 10
21:33
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01 Nov 04
good idea or not?
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For bf, no, not w/out a partner.
They can offer good prices b/c they have lower overheads than the big three. And where wd the lay money come from? Bf cd slice and dice backers' stakes on others' selections but not w/out some juggling and temporary exposure themselves (for which they wd want to build a buffer into their prices).
They can offer good prices b/c they have lower overheads than the big three. And where wd the lay money come from? Bf cd slice and dice backers' stakes on others' selections but not w/out some juggling and temporary exposure themselves (for which they wd want to build a buffer into their prices).
well i imagine the shops would be linked to the main exchange thats were the money would come from i think
I don't think Betfair would have to take any temporary exposure.
The rise in demand would lead to a rise in supply [;)]
The rise in demand would lead to a rise in supply [;)]
It would be a logical move if early liquidity could be sorted out imo.
Maybe ban bots until ten minutes pre off?
Problems arise with morning liquidity. Someone walks into a shop and asks for £100 on a horse trading 10.0 11.5 (typical morning spread) and would get matched at average odds of 8.0!!
Maybe ban bots until ten minutes pre off?
Problems arise with morning liquidity. Someone walks into a shop and asks for £100 on a horse trading 10.0 11.5 (typical morning spread) and would get matched at average odds of 8.0!!
Muqbil,
Betfairs own traders would be forced to lay those bets in such a situation.
You then get into the "what constitutes a fair price" in a thin market conundrum.
Ironically, some of their traders may even believe it's a pro-punter in the shop...and start reducing the stake-size to be matched...or even, knocking them back.
And at that stage, the game would've gone full circle...
Betfairs own traders would be forced to lay those bets in such a situation.
You then get into the "what constitutes a fair price" in a thin market conundrum.
Ironically, some of their traders may even believe it's a pro-punter in the shop...and start reducing the stake-size to be matched...or even, knocking them back.
And at that stage, the game would've gone full circle...
The Investor, if this means there'll be people willing to offer bm prices in the am, then I will underwrite the shop m/s!
The market on here just ignores standout prices when they are offered by Bet 3.65, Power, Viktor etc. None of the arbers or non-recreational bettors (or their friends) have any accounts left w/ those firms.
If someone wanted to offer a service to gamblers, rather than offering better prices or information, they cd do worse than to offer some friends.
If someone wanted to offer a service to gamblers, rather than offering better prices or information, they cd do worse than to offer some friends.
Sorry guys, my comment is strictly applicable to football only.
What would be the advantage to anybody to having BF shops in the High St.?
You mean it would appeal for those caught short without their computers at any time ?
You mean it would appeal for those caught short without their computers at any time ?
I don't think layers or traders wd want to bet into unformed markets; and old-fashioned price takers are on the computer anyway for whatever crumbs they can get.
The high street wd offer a new source of liquidity but prob. not at the times when it is needed. I wd like to see bf put in to run the tote in an innovative way, offering frozen pools in the morning and before the off.
The high street wd offer a new source of liquidity but prob. not at the times when it is needed. I wd like to see bf put in to run the tote in an innovative way, offering frozen pools in the morning and before the off.
If such a scheme was successful FAFH, there would be a massive advantage to successful internet customers, as there would be an influx of people simply taking prices that are there, as customers in betting shops do.
When an average punter places a bet, there's not going to be a lot of analysis involved, or any kind of price comparison.
Having said that, I can't see it working.
When an average punter places a bet, there's not going to be a lot of analysis involved, or any kind of price comparison.
Having said that, I can't see it working.
dont betfair already have a shop in sarf london [;)]
Anyway I doubt whether the man in the street could get his head around the BF exchange concept.
A couple of years ago C4 did a live audience show for the morning line, with around 100 people. At one point during the show the audience were asked 'Who has a Betfair account?' At most perhaps 50% of the audience put their hands up. Considering these were all keen horse racing followers it was a startling response. I'm sure it would be more than 50% today but there is still a rich seam of recreational punters that could possibly only be reached through high street shops.
The idea of tapping into the high street market is great, but the logistics are unfathomable at the moment (to me at least).
The idea of tapping into the high street market is great, but the logistics are unfathomable at the moment (to me at least).
well dont matter if the so called man in the street can get his head round it or not 1 thing is betfair give the best prices even if you take of the 5% and thats wot we all want is value ,personaly if they started opening shops in town centres i think they would make bundles and it would make the so called big boys corals ,ladbrokes.whills take notice
Who goes to hight street bookies any more?
4 bookies in my local high street - in the last year, I've not seen more than 3 people in at any given time
IMHO high street bookies will not exist in 5 years time - will only be online
4 bookies in my local high street - in the last year, I've not seen more than 3 people in at any given time
IMHO high street bookies will not exist in 5 years time - will only be online
High St bookie shops.
Dens of iniquity.
A totally uncool image for BF to consider.
Mark Zuckerberg would never endorse such a move.
Yep just seen the movie.
Great stuff.
Dens of iniquity.
A totally uncool image for BF to consider.
Mark Zuckerberg would never endorse such a move.
Yep just seen the movie.
Great stuff.
bigH many people are increasingly using the shops as their only means of getting on
I enjoyed the movie too FAFH.
bigH, alongside the point made by The Visionary, there are plenty of people who can't or don't want to use the internet. Perhaps some of them even go to the bookie for social interaction.
bigH, alongside the point made by The Visionary, there are plenty of people who can't or don't want to use the internet. Perhaps some of them even go to the bookie for social interaction.
Go to the bookie for social interaction ?
The mind boggles.
The mind boggles.
wow i like the idea of popping into a betfair shop and still getting 20% odds bigger than any other bookie.
Better to keep your betting private and do it on the internet at home.
I think the idea falls flat on its face generally as it will bamboozle your joe average punter and the margins are too thin to cover overheads.
Mebbe in a posh gambling/drinking club (if its legal) that can survive on the bar bills for local city boys.
Mebbe in a posh gambling/drinking club (if its legal) that can survive on the bar bills for local city boys.
Was it even a serious suggestion in the first place.?
I very much doubt it.
I very much doubt it.
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