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Premium Charge Hike - Action needed

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Replies: 164
By:
FINE AS FROG HAIR
When: 16 Jul 11 20:34
Not like the good old days eh ?
You're showing your advanced years Feck.
By:
unemployable
When: 16 Jul 11 20:34
either that or resign as chief exec & leave someone else to clean up the excrement
By:
Feck N. Eejit
When: 16 Jul 11 20:36
I don't understand your post fafh.
By:
FINE AS FROG HAIR
When: 16 Jul 11 20:39
I think dependency culture is not that a recent thing. It used to be called passing the buck or something like that.
I just really meant that you're sounding a bit like my dad and certain schoolteachers I've had over the years.
Not a really serious jibe btw.
By:
Feck N. Eejit
When: 16 Jul 11 20:46
I used the phrase because the parasites in the financial sector would be the very people that would use it to refer to some poor sod collecting 40 odd quid from the dole.
By:
Feck N. Eejit
When: 16 Jul 11 20:47
PS no offence taken.
By:
againstthecrowd
When: 16 Jul 11 20:48
There is a group recommending people withdraw their money from Betfair on monday...its nmaking ne nervous there will be a run on them like the banks on Monday...
By:
Feck N. Eejit
When: 16 Jul 11 21:55
I will be withdrawing my money after tomorrow's racing. It's not so much the 40% as that on top of the fact I'm forced to act as a guide for push button drip feed detectors and have to fill in insiders because of betfair's stupid interface. Absence of rebates is another reason (as is betfair's couldn't give a fk attitude on the matter). I doubt though there will be enough gamblers like me to make a difference. The majority affected by the charges wouldn't even be noticed missing if they left. If I ever come back it will be as a very occasional punter as there's no longer any incentive to supply real liquidity.
By:
FINE AS FROG HAIR
When: 16 Jul 11 21:58
We'll all miss your money Feck.
We hope at least you will consider continuing posting on this forum.
That would really be too sad if that stopped overnight.
Talk about withdrawal symptoms.
By:
Feck N. Eejit
When: 16 Jul 11 22:01
LOL FAFH. I'm afraid I'll have more time to post as I won't have to spend 8 a.m. to 10 p.m. studying form and drip feeding.
By:
FINE AS FROG HAIR
When: 16 Jul 11 22:02
You mean you're not going to carry on betting in volume elsewhere ?
That's amazing to hear, if so.
By:
Feck N. Eejit
When: 16 Jul 11 22:09
FAFH, Purple isn't an option for me as they even give free lunches to their parasites. As far as bookmakers go, boxing with girlies has little appeal. I've other avenues besides gambling to pursue.
By:
FINE AS FROG HAIR
When: 16 Jul 11 22:10
A non gambling life.
What a refreshing phrase to hear on here.
Could be viewd as rather traitorous though.
By:
Rocket to the FACE
When: 16 Jul 11 22:22
Feck why don't you just utilise every ferengi tw@tty lord of the ringy whatevery strategy you know, make your millions and bUgger off into the sunset? You can't be that altruistic.


Or do you need Betfair to get on?
By:
Feck N. Eejit
When: 17 Jul 11 12:21
How do you know I haven't already done that Rocket?
By:
charlatan
When: 17 Jul 11 13:35
because you've made statements along the lines of i'd rather support rangers than.....
By:
Feck N. Eejit
When: 17 Jul 11 13:36
I was talking about the millions charlatan.
By:
Feck N. Eejit
When: 17 Jul 11 13:38
Is there an overriding belief that you can only make big money being a middleman or a cheat?
By:
charlatan
When: 17 Jul 11 13:39
it seemed implied in the question that those were the methods to be used.
By:
Peter Storrie
When: 18 Jul 11 12:30
this is quite simple - pay it or leave! what are you going to do about it? you can do nothing your helcyon days are long gone - go back to working in pc world or what ever you did - betfair is now blunt minds betBOOKY - winners not wanted as we are to big and dont need your stealing value overround theft from the site. go back to the bookies and try and get your bets on with them. Or even become a booky and pay the overheads of tax rent rates staff costs etc and it will be over 60% on income - SO THE CHOICE IS YOURS STAY AND PAY OR GO BACK TO WHAT YOU DONE BEFORE.
By:
bf_fananatic
When: 18 Jul 11 15:11
yes your right peter, monopolies are great arent they, bet you wish you could give the winners on here a right good beating, have you recently had some problem with betfair winners or pc world staff, i have always found them to be both good at what they do?
By:
RonaldinhoRAT
When: 18 Jul 11 16:47
Peter Storrie
18 Jul 11 12:30 Joined: 13 May 04

Nice rant.
Black and white world with you innit.
By:
dashero
When: 18 Jul 11 18:52
Good post.. Since the post float capers I find it difficult to have any faith in the people in the towers and have wondered just how safe the funds of customers really are???
By:
Rs1
When: 18 Jul 11 20:09
are u sure about that premium payer ...  as far i was told .... its totally ring fennced ?
By:
FINE AS FROG HAIR
When: 18 Jul 11 20:52
" ---any other investment ".
Now that you have to admit is a phrase for concern.
Any real trust lawyers out there with an opinion on this ?
By:
Rocket to the FACE
When: 18 Jul 11 21:06
Well Feck I posted a reply to you and it has been deleted. I haven't a clue why.
By:
Montie
When: 20 Jul 11 01:33
Perhaps I'm naive, but wouldn't this PC problem be solved if all of the big hitters affected by the charge got together, opened accounts at the purple site and at the same time started trading over there? I've moved over there and there is a liquidity problem particularly on the horses in running, but this would surely be eliminated by the volume of money the big hitters would inject arriving all together. The purple site are extremely accomodating and I'm sure would do everything needed to ensure smooth transition. Is it beyond the wit of people whe are intelligent enough to win big on Betfair to collaborate and solve this problem for themselves?
By:
FINE AS FROG HAIR
When: 20 Jul 11 01:39
So they all go over there and start to quickly drain the betting pool as they are doing on here, and the same basic problem reoccurs over there.
How does that sustain the exchange concept long term ?
By:
BJT
When: 20 Jul 11 04:48
I don't get it.  Basically, you compare poker to a betting exchange.  Poker sites, take a % out for their profits, and everybody else competes for each others money.  Now you have your sharks there, huge winners, losers.  I would suggest the % of profitable poker players to be around the same as profitable punters?  Say 5%?
That being said, do poker sites have an issue with all the money being taken out?  The losers seem to commit their funds, lose it, put more in, lose it, and the cycle continues.  Doesn't seem to be money problems in the poker world (disregard the obvious legal encounters of the past year, the point is the comparison in funds)....
By:
FINE AS FROG HAIR
When: 20 Jul 11 05:26
Maybe it's because successful poker players are viewed not only as having exceptional card playing skills, but more importantly that those skills are viewed as being attainable by many, many of the losers ( however mistaken they may be). So they ( the losers) keep coming back in the hope of learning these winning skills.
Whereas in the non-poker BF sports betting arena it is people with highly developed computer programming skills who are creating bots which are winning all these super profits or at least are perceived to be winning them.
The majority of losing punters cannot either identify with or ever hope to emulate these geek types of winners, and so are giving up faster than they are coming back for more?
But it's all maybe, maybe , maybe, for me at least.
I know no more the reasons than anybody else.
By:
catfleppo
When: 20 Jul 11 08:01
Montie, even if the purple could handle the number of transactions I don't think they are as accommodating and virtuous as everyone likes to think.

They are hailed as saviours of pc-hit but have they done anything to make us think this could be the case?
By:
frog2
When: 20 Jul 11 09:43
Montie
20 Jul 11 01:33
Joined:
16 Nov 04
| Topic/replies: 16 | Blogger: Montie's blog
Perhaps I'm naive, but wouldn't this PC problem be solved if all of the big hitters affected by the charge got together, opened accounts at the purple site and at the same time started trading over there? I've moved over there and there is a liquidity problem particularly on the horses in running, but this would surely be eliminated by the volume of money the big hitters would inject arriving all together. The purple site are extremely accomodating and I'm sure would do everything needed to ensure smooth transition. Is it beyond the wit of people whe are intelligent enough to win big on Betfair to collaborate and solve this problem for themselves?

...................

All the winners move to purple.. who are they supposed to win money off? Any betting company needs to attract losers not winners. This means huge marketing campaigns not just attracting a few sharks.
By:
Feck N. Eejit
When: 20 Jul 11 10:37
If poker sites allowed certain players to cheat I'm sure they'd want a bit extra off those players in return for setting them up with mugs. Fortunately most poker sites seem to be taking a long term view.
By:
1.01 Layer
When: 20 Jul 11 11:04
Yes feck, "those" players.  But PC affects fair winners too.  I'm not after any sympathy, I just want to dispel the ignorant myth on here that to be a PC payer, you must have some unfair advantage over others.
By:
Nick Knatterton
When: 20 Jul 11 11:16
I would bet my left nut that in poker losers lose even faster than here. In poker you can play heads-up with a rich guy who has no clue about poker or choose a table where is three pretty good players and one very poor one. Not the case here where everyone has to play on the same pool. I would understand Betfair's fan boys cry if there would be 10 different match market's for the same match and big boys would be always choosing the one with minimal amount of shrood players and max amount mugz.

It is completely true that under 5% of people (could be well lower) has even some kind of understanding about probabilities and should Man Utd be 80% or 70% favourite. But what you are missing here (I think you know the truth but for same magical reason you keep defending what some big boss has said..) that even if 99% of 5 pound players here don't have a clue should the odds be 2.0 or 2.15 it doesn't matter to them cause big professional players are always racing against each other which will always lead to that odds are near what they should be. Driving away most of the sharp guys will always lead to that there is less competition and sharp guy (s) can offer much worse odds and still get matched. Unless they want it...
By:
catfleppo
When: 20 Jul 11 11:20
Any advantage is unfair but there is a difference between having an advantage and cheating
By:
1.01 Layer
When: 20 Jul 11 11:26
On that score, catfeppo we all have an unfair advantage over, say the blind or illiterate or severely mentally ill but I take your point. 
So to clarify, you don't have to be a cheat to be a PC payer.
By:
catfleppo
When: 20 Jul 11 11:34
No, I don't think anyone should be labelled a cheat unless they are party to result fixing.  Anyone making money here gets my respect for doing so.
By:
Sandown
When: 20 Jul 11 11:39
A betting exchange has a food chain where it is possible for most players to be both eater and eaten except at the very top and the very bottom. Take away those at the very top and you still have a food chain with the next in-line being promoted. Take away the bottom and there will be some who are demoted to become the eaten.

The top position is held by BF, of course. It is in their l/t interests for the rest of the chain to be as flat/short as possible so knocking out top earners or taking more off them is a win-win scenario - or so it must seem.

What seems to be missing from this view is whether this action increases or more likely decreases overall fish stocks.
By:
Feck N. Eejit
When: 20 Jul 11 12:12
Yes feck, "those" players.  But PC affects fair winners too.  I'm not after any sympathy, I just want to dispel the ignorant myth on here that to be a PC payer, you must have some unfair advantage over others

I didn't suggest otherwise 1.01 but one other thing poker is free of is needless middlemen.
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