General Betting
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Looks like PC payers are planning to stay and churn the markets instead
Looks like PC payers are planning to stay and churn the markets instead
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Talking about could well happen and relating to the initial post. I think large players may simulataneously offer identical prices across different exchanges.
Why? Because the new set of charges have passed a tipping point and there is a belief that they are being looked down upon and insulted and there is a strong will to do something about it. How? Under the new set of charges I believe it will mean for PC payers that paying commission across 2 sets of exchanges is not the deterrent it was before since comm paid will be offset against premium charges. They may even be better off on comm levels below 3%. That's one exchange sorted out, what about the other? I'd say the answer was to fly over to Dublin and broker a deal |
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Investor, the type of gamblers that come on here are maybe a little different to the types of gamblers you and i have seen in high street shops/lottery players/ playing fruit machines etc .
A great many of losers one here probably lose modest amounts, they may understand the concept of odds and value but as yet havent worked out a way to profit , many aren't daft despite losing. Remember coming on here ? did you win from the off ? When i first came on here i lost in the first 6 months , not a fortune ...but i was only prepared to lose so much before calling it a day ...i wanted to test myself against the 'pro's' the masterminds . So there you have it, a limited pool of would be pro gamblers if you like ,and not the degenerate style of gambler we all like to mention .... of course some casual gamblers on here have left and headed for the shops for the social side or a fix, but i can't see too may addicts even having a bank account let alone a BF account. |
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Well last night I was up until 1am to get some bets on the u17 game. That is what I have been reduced to.
The PC is in place as 'some accounts cost more to operate than they generate in commission.' In other words, site usage. It is ridiculous that my site usage has gone up many times since the PC was introduced. My account was much more cost efficient to betfair then. Now its just a vicious circle. |
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Yes, coach I made a profit straight away. £1.21 per day during 2006
 My max drawdown was hundreds of pounds though, so ending up with a profit was more luck than skill. Throughout 2007-2009 my profits were extremely consistent and growing exponentially, growth has slowed quite a bit since then, but it's still going well.I agree that the average Betfairian may understand odds a bit better than average punter in general, but I still think they mostly bet for fun rather than with a serious idea of making a long term sizable profit. |
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unless you take 4/5 on the flip of a coinno one will lay value odds anymore.
Looks like when 5/1 is laid againsta 6/4 horse tha insiders are laying that bet. |
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Apologies if this has been asked before:
With PC1 its possible to churn away and if you generate 20% commission of your profits then no need to pay PC. What about PC2, if you are on 40% or 60% would you then need to generate them levels of commission still? If so that's extremely difficult to manage manually, and only the most advanced of bot systems would be able to pull it off each week. Looks like the demand on the servers next week will be ridiculous |
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Investor,you are just too clever
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coach how long before you hit the 40%
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it will be more than 40% pistach ,more like 55% ...but that's a long way off i hope ,i have only been FT for 3 years .
I'm guessing the landscape will change somewhat before then Pistachio....and hopefully for the better .  Otherwise i'm going to have to procure a set of step ladders ,a sponge and a bucket from somewhere |
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Toilet brush for me I'm afraid to say. Don't like heights.
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You could always specialise in bungalows eh ?
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Good thnking coach. That's why you're probably a better gambler than me.
I'll think about a bit of diversification then. |