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The average betfair punter isn't affected by the premium charge.
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there is an old saying in business that rings so true, "get too know your customers and there needs"
the reason i say this here and now in relation too Betfair is that Betfair is a maverick and a miracle as it has achieved things that are truly quite amazing, and ok there profit margins may not be as large as the big bookmakers who have been building there success off the back of race courses and there pinching there customers for many decades now but betfair have done it no thrills on the internet in a brilliant way. my arguement is that it is unfair to throw all the customers into one,two or three pigeon holes based purley on there profit making, what should be happening is that customers are graded by a different system, if they are traders, bookmakers, cheats are average punters they should have there commision charge graded . this would be fair all round and would bring transparency too general policys on charging. too charge potentially any sucessful or hopeful puter the same as a trader or bookmaker that is purging there revenues is unfair and if betfair wants to reclaim its "fair" policys then this is in my mind the fairess way forward. all honest puters would glady show betfair how they achieve there profit, cheats would have no where too hide, traders cant hide the fact that they make many times more bets per minute than normal punters and bookmakers can be sourced with a little investigation or information reward. |
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Disagree entirely, betfair are right to impose additional charges on people based on their impact on the business rather than their style of play. Apart from anything else how on earth would you go about fitting people into your categories?
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punters that use bots are not doing any hard work and are forcing betfair to constantly upgrade there systems , they derserve to pay a higher charge as they can sit back and let the compter do all the work.
cheats deserve nothing and should be banned from the site for good. bookmakers should pay the fullest rate of premium charge as they are laying off bets probalbly off there account records from there most sucessful punters or liabiltys. prediction modellers from general napsters too historical race data surveyers should pay a lesser amount as this is who the site was made for and they should still pay premium charge but at a fairer rate as they have worked the hardest for there money. |
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Why is it fairer to pay people for hard work? There no reward in your system for the innovation and smartness that has been at the very core of betfair since the start.
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well if you cannot see the basis for the introduction and sucess of exchange business models is a break away from just plain gambling at fixed odds against a consistent loss in the odds to a fairer model that encourages sucessful exchages and prediction investment then hey yeh, lets stereotype the old way and say that betfair is full of a mixed bag of everything and charge them all the same as people that are breaking the law potentially like bookmakers and race or match fixing account holders .
if only 500 people fit the £250,000 hpc rate then this is a small number too investigate and i am sure any honest punter or trader will show them how they have achieved ther sucess, i doubt very much that bookmakers, account falsifiers, and the like would be able to co-operate the same way and if they cant verify there system then freeze there assets. |
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people who work hard do not need too ask to be paid more, they usually get it anyway, people that have the time to complain at other peoples sucess usually have nothing better too do though lack of ambition or drive or plain bone idleness . betfair sold there dream on the basis that any sucessful punter would have more chance of a reward staying with them then they would say using high street bookmakers , if you did some research you would find out that the very 2 people that made betfair were professional gamblers.
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The charge should be based on liquidity provided. To charge someone who generates 10% the same as someone who generates 40% is asking for trouble. It's also unfair (and borderline illiterate) to charge someone generating 9.99% 25% more than someone generating 10%.
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very true feck, do you know if what happens too someone that saay has made 240,99 gbp and crosses the threshold , will the post 250,000 become directly liable too higher pc , if so i cant see punters risking another bet and for this reason there higher pc is doomed anyway
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according to betfair there are at least 500 punters that have made 250,000 plus profit, thats
125,000,000 thats quite alot and letting information out like that plus capitilising on it is opening the back door to the future taxation of all professional gamblers including lottery winners and the like. will this be there legacy, betfair, the home of winners helping to promote the butchery of pro gamblers assets. |
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its always the same story, let the ducks get fat, load the guns and open the season!
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one thing about ducks is they too have a policy, when the getting fat gets tough and the predators gather, spread your wings and feck off and migrate
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according to betfair there are at least 500 punters that have made 250,000 plus profit, thats
125,000,000 thats quite alot and letting information out like that plus capitilising on it is opening the back door to the future taxation of all professional gamblers including lottery winners and the like. will this be there legacy, betfair, the home of winners helping to promote the butchery of pro gamblers assets. A long time fear of mine harechaser and yet very few of that 500 are gamblers? |
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yep i agree Feck , its common knowlege on betfair that the bookmakers are using betfair to lay bets with a profit as they have had someone back big in there business, they make a profit weather the base punter wins or loses, it doesnt go through there books so the bookmaker makes a tax free profit!
its tax fraud on a large scale, you only have too look at a night dog meeting and when its a busy event the amounts bet on betfair go up considerably when there is the same amount of average punters betting so there must be contacts betting from trackside too the betfair site, this must account for alot of the horse racing as well, the amounts bet at horses races compared too greyhound races are grossly different. betfair dont want too lose these fat cats so they wont discriminate what a punter is involved with as they will scare them off from the bookmakers scamming. so we the honest punters get thrown in a bag with them and if we make a good living we will have to pay the same as them, not fair at all |
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i remember years ago i saw a manager from a local bookmaker the then sruggling william hill organisation placing a whole load of bets with ladbrokes laying off, they have been doing it for years and getting away with it and really all that money was originally the likes off me and yous, yes the average joe has has been milked for years and we always will .
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now the only advantage that betfair can offer is the best odds available too and least commision deducted from the most consistant losers on a platform that can suck your money up the fastest
finacial hoovervile on a dyson level turbo power |
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if betfair brought a board game out too compete with waddingtons monopoly all the rents would be nice and low if you landed on one but once you pass go all your hotels would turn into houses, your house would turn into dog kennels and we would all get thrown into jail and get out for free all at the same time, what a winner
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i think actually betfair would be more interested in the other board game where the goal is too lose a million the fastest possible way
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