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well, I certainly don't think that 100% of ordinary people hearing the name would spell it right first time. do you?
remember, we're not talking about clued up traders and the financially literate here. we're talking about recreational gamblers, people who are price sensitive enough to be interested if they hear about a higher price, but not price-sensitive enough to make a rational judgment as to whether a price represents value. the kind of people betfair's advertising has consistently targeted. |
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It is true. 'Betfair' does sound like a firm idiots would understand straight out - Betd@q is too foreign or financial sounding for the joe in the street to remember, let alone type in.
And the ducksfolk haven't been clever enough to sign up any web addresses that relate to possible spelling mistakes. In contrast, if you type in 'Betfare' or 'Betsfair', you get redirected to here. Nice to see Betfair take the time to cater for the intellectually challenged! |
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Bobbin
If they didn't take time to " cater for the intellectually challenged" , then you wouldn't have anyone to make your net winnings off would you ? |
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pxb why do you reckon the major pre-match MMs will be hit?
MMs trade both sides of a market with the objective of an all green book. Thats how I do it. |
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I understand that Frog. I was agreeing with Viva's point that Betduck's name is a slightly harder thing to grasp for the dullards. Betfair tries to make it easy for idiots to find their way here, and has ensured that URLs with obvious spelling mistakes will still direct the users to the right place. The duck, in contrast, haven't even covered betdack.com.
Things like these give Betfair a small but subtle advantage when it comes to hooking the kind of fish who'll keep money flowing into the coffers. |
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Ah OK PXB but other MMs may just leave up lays they consider value and just let them run regardless of what gets matched in the expectation that in the long run they will profit.
Such operations are unlikely to be moving elsewhere as I doubt they would be affected by the new charge and probably aren't even paying the existing PC either. |
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So how many of you have put your money where your mouth is and setup an account at purpleland??
Prices on markets are very similar to here, most events have decen money in them. |
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I haven't, but I know a good number of the big US Horse Racing forumites are now putting a decent portion of their bets on at the Duck. So far they seem reasonably content with the liquidity, and they're assuming it'll be rather busier there once the July deadline has passed.
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I certainly haven't. I need to stay where the in-running money is and for the forseeable future that is either here or at the bookies. The duck can't even really be called a poor third as it has virtually zero being matched.
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You could say perhaps that When you try to get matched over there, you get a duck ?
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Goldcoastinvester,I did yesterday after looking at their site for the last week and agree prices are similar,agree also in running horses are poor(may improve while seems to be weakening here in any case).
Joined daq for a few reasons, Sympathetic towards some pc payers,market makers in particular. Loss of trust in bf,pc in last questions and answers not supposed to rise big backtrack,could happen with commission?.Personally think its all about appeasing shareholders at the expense of the customer. Worry I could end up paying pc, my account is in profit. Daq charging flat comm rate of 2.5% for at least the next few months a nice touch. |
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This thing about the Betdak interface seems like recycled plagiarism to me.
Open two windows, one with Betfair and another with Betdakk and list the differences. Few and far between. |
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lapsy pa
04 Jul 11 10:38 Joined: 29 Jan 09 | Topic/replies: 1,469 | Blogger: lapsy pa's blog Daq charging flat comm rate of 2.5% for at least the next few months a nice touch. Gauranteed to introduce a charge of their own if they are still operating this time next year. Unless they continue to plod along with new custom. |
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No new custom*
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Without doubt bf,s interface easier on the eye,(possibly due to staring at it for long periods of time and being so used to it)Not a lot of difference tbh suppose its whats in the little boxes that counts.
Think you have to take daq on trust that they won,t introduce charges,you may well know more than me rocket,but surely until they do the benefit of doubt has to be given. |
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I should say it's purely speculation on my half. But I just can't think of any reason now why they won't introduce a charge. They could introduce a charge of just 10 or 15% and still come out looking like the good guys. And if they are going to do it they'd rather do it now rather than a year or two down the line as it p*sses off a smaller percentage of customers.
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Ive had an account with them for some time.If you are punting the horses pre race there is a fair bit of money about,so see no reason why anyone can't operate over there.In running will need to improve dramatically,don't think Gruss works there either.
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**** constantly get the rough end of the stick in these parts.The truth is they can't compete with betfair in terms of advertising yet they still sponsor races and advertising is and does take place and I think most exchange users are aware that it exists so the problem is once again liquidity and betfairs ultimate monopoly position and all the advertising in the world isn't going to change that because gamblers by their very nature are a selfish breed so if johhny isn't paying 60%,he doesn't really care who is.I have to say that it is still an incredibly useful place if you are backing a horse at the head of the market or in a big sporting event.An outlet like that is not to be underestimated in this day and age when bookies are mostly a joke and betfair are fast becoming one.
I think the question people really should be asking is how much will punters take before they do something about it and that appears to be quite a lot.Exchange punters and even punters in general clearly need some kind of representation in this day and age where they are by and large treated as the 'criminals' despite they being the life blood of everything.Until its worth somebody's while either financially or emotionally to get some kind of a recognized representative body in place than we are doomed to be treated like we are.I'm not saying the above would work as it often surprises me what a small amount of users contribute to some controversial premium charge threads but if you could get a significant membership in place than you could actually do something.Until then we will have to live with what we have and how we're treated. |
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* b e t d a q
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I agree Rocket with the essence of your thinking, that this could just snowball through the gambling industry and eventually betting as we know it is doomed to the extent that it will just be another version of one big gaming machine (thats clearly Betfair's ideal, they are making no bones about it).
I never touch gaming machines and I aint about to change but there are alot of folk who do enjoy them without any serious notion of winning in the long term and these are the people BF seem to want to cater for. Should the whole gambling industry eventually follow suit, there would be nowhere to turn so its a sad day that the first nail has been hammered into the coffin. |
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Nobody sets up and runs a business for the benefit of others.
You are foolish to believe otherwise. |
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What ever happened to the original ethos of Betfair, that it would invent a system for buying and selling bets as traders and investors do with shares and futures on the LSE and LIFFE?
That was the original idea which separated Betfair from the evil bookmakers, and turned Betfair into what it is today. Why has someone at Betfair killed this idea? |
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Cos they are different people now at the helm, and are not brought up from gambling backgrounds I would imagine or else I think they would have kept the pure exchange model.
I know as a person who understands gambling I would certainly do that and would definitely think many others would do so too. Certainly room for a pure exchange out there now. The worry is that this stance could ruin the whole concept of betting for profit in the future, OK its just one step but it could snowball. |
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Rocket to the FACE Joined: 28 Oct 08
Replies: 12550 04 Jul 11 13:18 I should say it's purely speculation on my half. But I just can't think of any reason now why they won't introduce a charge. -------------- because they're the little guy trying to make up ground. if they were more evenly matched, I agree, they probably would. because just as BF is now acting like a de facto monopoly, the two firms would then logically behave like a complex monopoly. but they're not going to get to that point in 12 months. or, um, ever imo. |
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BetDuck need to get Steve Jobs on board. Remarket themselves as "iBet", put branding over substance, get a bunch of evangelical followers to throw their money at everything they do, complete with hysterical launch parties with queues round the door.
Apple are now a bigger company ($$$) than Microsoft, who seen THAT coming a few years ago? Basically - BetDuck management need to buy some black polo neck jumpers and talk s***e ![]() |
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Lovely stuff JC.
You in the ad world perhaps ? |
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It's not such a daft idea. The market is crying out for a serious competitor to Betfair, who whether it's with spiralling charges, outages or poor customer service, seem to be pissing off customers left, right and centre. BDQ have horrible branding and very little presence, but with a tart-up and some serious image / advertising work , maybe a few new gimmicks / innovations they have a product that people would flock to from here. They have a billionaire owner but don't appear ready to spend the cash required to seize the opportunity and become a big player.
I'd love BF to have a serious competitor, which would benefit everyone on here, it's frustrating to see BDQ floundering when they offer the same basic product. I've felt for a long while that the real problem for Betfair is going to come when they are blindsided by a new, attractive and innovative exchange product, at which point they might find out that all the customers they've pissed off down the years are more than willing to jump ship. The market's crying out for something new. Like iBet. |
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You can bet iBet has been copyrighted by some shrewdie already.
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To be fair to them they have done some advertising over the last seix months or sso on tv and in the racing post nad having them cheap google ads on the internet.
you have to see this as the Dack's golden oppurtunity to become a serious competitor in the market to the fair. Their 2.5 commish offer should attract some new customers and i'd say if the fair are going down the Sportsbook route you can be sure the Dack will have to offer the same thing either before or very soon after them if they want to keep their already small share of the market. In fairness it is a very good idea to open a sportsbook because it attracts the casual punter that the exchanges love and means they can then be enticed into using the exchange. |
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What a chatname that is .
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Dack need to change that stupid name and come up with better graphics and interface , they seem too stubborn to want to succeed
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Just Checking
Date Joined: 25 Jun 06 Add contact | Send message When: 05 Jul 11 23:36 Joined: Date Joined: 25 Jun 06 | Topic/replies: 7,046 | Blogger: Just Checking's blog BetDuck need to get Steve Jobs on board. Remarket themselves as "iBet", put branding over substance, get a bunch of evangelical followers to throw their money at everything they do, complete with hysterical launch parties with queues round the door. Apple are now a bigger company ($$$) than Microsoft, who seen THAT coming a few years ago? Basically - BetDuck management need to buy some black polo neck jumpers and talk s***e Devil ___ This is again a case of good marketing... the truth is Microsoft still enjoys higher profits than Apple. Its most recent annual net profit was $14.6bn (£10bn), compared with $5.7bn for Apple. Microsoft also reported bigger full-year revenues of $58.4bn, with Apple on $36.5bn. http://www.bbc.co.uk/news/10168684 |
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@ Frogs Hair
Nothing to do with the other site I can assure you, its a username i use for lots of diff sites. |
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I know or I realize that.
Just a zing dinger at the moment at least. |