General Betting
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Not look at opening at an exchange. Betfair making huge amounts of money, surely a plc with the customer bases of the above 2 could do a decent job of an exchange??
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BF making " huge" amounts of money ?
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Am i reading this right Betfair make about 20m a year compared to ladbrokes 150m odd??
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The gap is much wider than that.
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layer 1982 The big 3 sit back when a new kid on the block comes along with a new idea ..and betfair was a new kid But like all shooting stars they have to fall to earth sooner or later. and this prem charge on winners imo they will hit the ground big time but its only my opinon zip
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The problem for the existing bookies is their own exchange would cannibalize their existing business.
Doubtless the profit margins for a bookie are much juicier than for an exchange. IMO, a competitor will come from a start up. |