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Premium charge rebates
Premium charge rebates
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Replies: 185
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turtleshead looks like he wants to become Feck's friend now.
 Sorry turtle, but I'm first on the list for Feck's ratings!!!! |
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The losing runs would kill you stewarty. I do best when your average punters complaining about the results and worst when they're saying they can't bet a loser.
I noticed this season it's taken me 12 days to get to 2%. Used to take me 5 or 6 before they womanised the points bands. It's tragic they did that at a time when the traders and cheats were still getting a free lunch. I know a few gamblers who chucked it after those point band increases (the first of which was done under the guise of introducing betfair holidays ffs). I suppose Liquidity might also have contributed to the 12 days. The magician sent me figures that suggest there's been no decrease in liquidity. That might be the case but my first impressions since starting back were that it seems to be getting even closer to the off which doesn't help matters when you've got an interface that makes drip feeding a necessity. |
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I've noticed no change in liquidity either, I still match the same volume of bets. It's tighter though, my edge is much smaller.
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Feck, I don't think anyone can be against rebating overpaid PC, apart from Betfair staff/shareholders that is.
I think it would cost them a fair bit though. Maybe not compared to their profits, but still a huge number in most peoples eyes. |
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lol, complaining about traders on an exchange....feck is da man!
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Yes, it's silly. On an open exchange every type of player should be respected for what they do, especially if they make a profit. But they all need to pay their dues to betfair.
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I don't think it would cost them much at all Eddie. The number of gamblers hit as a result of a good run or increasing stakes will be extremely low and if a trader's edge gets less he's still in profit so will continue to pay the pc and not be due any rebate. The only way it would really cost them is if a successful trader suddenly turned into a losing gambler. Hardly likely and he'd have to be losing for a long time in order to get his pc's back as they'd only be getting rebated at the same rate as he was paying normal commission on the odd winning bet.
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The losing runs would kill you stewarty. I do best when your average punters complaining about the results and worst when they're saying they can't bet a loser.
I know where you're coming from Feck, however I doubt if they'd finish me off. I'm aware we have different srategys, hence the losing runs you have are probably far worse than mine financially. (even though your bank book is more swollen than mine!) As for drip feeding, no doubt it's harder to get a 16/1 shot layed as opposed to a 4/1 beast if the liquidity isn't substancial. Having said that I tend to wait until the last few minutes and take a shorter price if I'm not matched. That is if I fancy it strongly enough. However if it's 3/1 instead of the 4/1 I think it should be,I tend to just pass. Of course one solution I have is that I could send you a cheque every week and and hopefully collect at the end of the flat season. Of course I would take into account YOUR commission of say, 25%  |
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If this was introduced it would give most gamblers peace of mind and kill off a source of propaganda for pc calimeros. It would also make it easier for "sharp minded" traders who do their fun bets elsewhere to see the stupidity of doing so, make laying long shots a more viable proposition and remove a deterrent wrt increasing stakes. I doubt the all new liquidity generating premium charge could ever be introduced without some form of rebates to appease gamblers.
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lol stewarty. First bet would be entire checque on Carlton House for the Irish Derby. [;)]
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catfloppo
Yes, it's silly. On an open exchange every type of player should be respected for what they do, especially if they make a profit. But they all need to pay their dues to betfair. You mean the 'dues' that are based on assumptions and actually have nothing to do with how much money you take out the system? I can understand fecks arguement about 'subsidising' (even though the blinkered old fool has a warped way of categorising some users here) but its a very black and white way of summarising. There is a much bigger problem on the exchange which no-one seems to be addressing. But hey, so long as we keep bickering with the betfair plants, there is less and less chance of overcoming the anomolies without affecting those that shouldn't be. |
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lol Feck. I layed that beast nearly up to my eyballs and left little in the 'bank' had it won. 'Tank' being different as you well know.
A few questions for you Fed if you don't mind. (off subject a tad) 1) Have you got your **k back yet? 2) I noticed you mentioned The Magician, I trust he is well? 3)Have you ever heard from CAT? A forumite I really liked and had a lot of good banter with him. (I know he packed in his buisness) 4) Do you think Craig Thompson of Hearts will be sent bullets through the post like NL? NL never stooped so low after all. (his only crime was a bit of a wind up) No offence if you care not to answer any btw. (I have no relations that were in the Gestapo btw, but if I get answers we could make it 30%. [;)] |
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1) **k ???
2) AFAIK things are still going well for him. 3) Haven't heard from CAT in a long time. I think he's still on Punters Paradise. Sadly missed on here along with a few others. 4) He might. There's no shortage of bandwagon jumpers. |
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What do you mean stewarty, has the magician stopped his bots?
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cat, I don't know about his bots, but he's banned from posting.
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1) Feck, don't you remember I `asked you to let me know when you get your **k back? (SPL)
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I've got the stake back (for now at least) stewarty.
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Well Done Feck. I
hope your success continues. PS is it true that you're organising the GB Xmas get together this year in Scotland? |
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It was my misfortune to meet the magician recently. What a disappointment. Imo, I was totally respectful towards him while he treated me the opposite way completely.
Hope he enjoys counting his money because he hasnt got much else going for him. |
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I've never met the man noodles so can't comment.
Having said that, If Feck is in charge this year I wss going to suggest to him that instead of a Xmas doo, we could all meet at Hamilton racecourse for the Saints and Sinners meeting. (my late father came from Hamilton and I know the town reasonably well) My suggestion would be to book a hotel and put all the punters at the Saints table, and all traders at the Sinners table. That way there would be no aggro. Any opinions on my idea? |
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feck would surely prefer to take on all-comers on the traders table though [;)] |
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I don't know noodles, but I think Feck has gone all coy on me.
I'm sure he will reply shortly. |
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Feck, It only takes less than a 2% swing on market turnover to change 30% commission generated into 20% if you're on a 2% commission rate. That doesn't seem unrealistic at all, especially if you're comfortably on 2% and can reduce stakes a bit to obtain better odds.
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stewarty, would there be 'Gamblers Only' toilets?
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blank, you'd think we'd have heard from a few of them by now.
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the traders will have a man on toilet attendant duty... he'll charge you 25p and pass on 20p to the venue
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Feck, you said in the opening post you were exactly the type of customer Betfair should want, but there's not much difference between you and a pc payer really.
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blank, if they lost all their pc payers they've still got a site. If they lost all their non-pc payers they haven't.
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Feck, The non-pc payers make up a very large group and you like to be in it, but the truth is you're almost in the pc payers group.
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It's not being a pc payer that's relevant blank. IMO it's more about the difference between middleman and players.
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feck, what type of person would you class as a middleman?
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Most traders who have no opinion on odds or whose opening and closing trades have no significant gap between them.
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GL to them if they can make it pay.
God knows why you seem to take it so personally. |
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Everything that is bad about this site is down to catering for people who contribute no real liquidity and yet they are charged the least.
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Everyone who offers a price contributes to liquidity, only a complete imbecile would fail to grasp that simple concept.
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In the same way that ticket touts contribute to attendances.
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no, because the amount of tickets remains the same, meaning no benefit to a customer, whereas the more people who offer prices, the more people who can get their bet matched.
I did say "only a complete imbecile would fail to grasp that simple concept", so obviously not everyone understands. |
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That last line sounds like a confession TurtlesBrain.
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If only 20% was set in stone, alas_ _ _
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