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If you're one of the Betfair 480, what do you intend to do next?

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Replies: 278
By:
catfloppo
When: 06 Jul 11 10:18
Even I may get caught with this one and I'm the most cunning, evil, parasitic, copycat trading, shell and pea merchant on here.

[;)]
By:
Feck N. Eejit
When: 06 Jul 11 10:26
In what way catfloppo? All that will change is that betfair will become the majority shareholder in "bleeding the betting pool both too fast and too consistently".
By:
catfloppo
When: 06 Jul 11 10:39
Point taken, Feck, you're right. Although some may choose to run more marginal, even loss-making, strategies to reduce the impact of pc which would put  more back into the pool.
By:
Feck N. Eejit
When: 06 Jul 11 10:49
Even that positive is somewhat negated catfloppo because of the 5,10, 10+ bands. As I've commented on the Life means Life thread, I've no longer any incentive to supply liquidity to keep my commission down.
By:
catfloppo
When: 06 Jul 11 11:27
Must have missed that one.  So once you're on 60% you're stuck there even if you totally change your strategy?
By:
CLYDEBANK29
When: 06 Jul 11 11:28
yes
By:
catfloppo
When: 06 Jul 11 11:31
How strange.  I must admit I don't really see the need for different bands anyway.
By:
Johnny Fontaine
When: 06 Jul 11 12:00
You can move up and down the bands.  You're not stuck there for life
By:
Coachbuster
When: 06 Jul 11 12:27
Wow,just been reading all this
after time away .

480 sounds a high figure, didn't realise so many were doing so well for so long.

All i can say is this seems in some way like a retrospective charge for players who weren't paying a premium type charge from 2000 onwards , i guess the thinking is  all  guys who were lucky enough to make 200k plus leading up to 2008  without having to cough up the premium charge 'had it good' and now if you continue you will be making up for it in a  concentrated payment should you continue.
There seems the 'bonus' that more recent winning  customers who have always paid  P/C can  continue for a little  longer before many  may fall into the net,once it hits 60% then there is little incentive to continue that's for sure.


No doubt this figure will go well past the 1,000 mark.
Not sure of the alternatives right now for those hit ,I am guessing BF looked at how the original PC impacted the markets and have taken this a step further, no doubt in a couple of years we may all be affected further with a new charge.
By:
catfloppo
When: 06 Jul 11 14:38
Where does it say that Johnny?
By:
Coachbuster
When: 06 Jul 11 14:41
It's all about the churn
By:
Feck N. Eejit
When: 06 Jul 11 14:55
Even if you can move between bands my point was that it would take a long time for me to reach 10% comm'n generated and move to 50% so I'd be as well taking it easy and only betting horses I consider excellent value.
By:
Johnny Fontaine
When: 06 Jul 11 15:50
40% you mean ?
By:
Feck N. Eejit
When: 06 Jul 11 15:54
No Johnny, I'm on 40%. I mean it would be a long time before my comm'n gen would drop below 10% and put me on 50%.
By:
Johnny Fontaine
When: 06 Jul 11 15:58
Ahh fair enough
By:
vernon
When: 06 Jul 11 16:16
i dont reconise myself in these posts..im affected by the 40pc charge but i refuseto pay it...i made my money 4-7 years ago wen it was a level playin field in-running..using only my own reflexes and judgement..then fast pictures startedfor some..on track boys ect and i cudnt compete so gave up in running..so im a layer generally  sometimes backer..my own judgement..bet in photos n stewards to..tote bets to..but not any more..iv taken funds out of betty n only transfer wen thers a stewards,,im now doin my layin on purple andmy tote bets on the tote..betty lost out quite a lot of my commision already in 4days..thats my protest..i actually have left betty in essence after 9 years..im still survving..in fact iv saved money so far..cos im now not paying the 20per cent...no way i was goin to 40 per cent! i only made 10 grand lastyear..pitiful to increase my pc..last 3 years my profits much reduced..
By:
liam1982
When: 07 Jul 11 13:15
Im thinking i might retire from gambling, maybe get out while i can
By:
Rs1
When: 07 Jul 11 13:47
does anyone reckon there will be a big change from the 18th  July onwards ?

less liquidity ? people moving to daq or straight bookies ?
By:
Coachbuster
When: 07 Jul 11 13:52
I'd imagine people will bet in a different way  depending on what they do already to reduce risk RS1, certainly wouldn't be much point putting yourself on the line all the time
By:
Rixy
When: 07 Jul 11 15:24
im in the process of moving everything purple and just started yesterday. My initial impressions:

The unmatched volumes available on most markets are generally pretty good, but not much activity in terms of bets being matched. Having said that, ive generally been watching the womens tennis markets and copa america/under 17/womens world cup football where volumes are fairly unpredictable anyway.

I would imagine that most BF users have at some point in the last week had a look at BD to see what the alternative looks like.If they could create the impression of greater volumes and liquidity it would attract more users than a marketing campaign ever would. Why not introduce cross matching software like BFs whereby an unmatched back also appears on the lay side of the opposite market selection to create tighter markets. Dont know if they do seed their markets or use bots but this would be a good time to start. 

The range of markets are fairly limited but so were BF's 4 or 5 years ago.
By:
DStyle
When: 07 Jul 11 15:28
Why not introduce cross matching software like BFs whereby an unmatched back also appears on the lay side of the opposite market selection to create tighter markets

pretty sure that's already there
By:
imlac1
When: 07 Jul 11 17:36
When BF introduced the PC I started putting up the same prices there as here, except a tick or two better value over there. I guess it'll now be a couple of ticks or three.

Since I started using purple I have managed to make a living just over there, so it can be done.
By:
ijs
When: 07 Jul 11 18:09
theres plentyof bookies out there go bet with someone else
By:
CLYDEBANK29
When: 07 Jul 11 18:21
ijs how many of the 480 do you think can ring up ladbrokes and ask for a bet?

.....less than 10 of them imho
By:
Feck N. Eejit
When: 07 Jul 11 18:40
More like 450 of them Clydebank. None of them want a bet though.
By:
A Reasoned View
When: 07 Jul 11 21:27
More like 30 of them Clydebank - the rest will be traders so it's a non starter.
By:
slartibartfast
When: 07 Jul 11 23:44
That's the "ultimate" bottom line.

Where else will you go.

Truth is you have to wait till the exchanges fill, then make your move.

More often than not, you don't get filled.

Such is life.
By:
jacien1234
When: 08 Jul 11 01:51
agree - bf was there for those that wanted something different in the early days. we already pay (up to) 5% for the win yet during the month if we win too much they slog us with a huge fee. I made 7000$ for the 2 weeks of wimbledon last year and got the scariest email of my life - if u do this again we will cahrge you more!
By:
Ron Pillock
When: 08 Jul 11 10:23
Must be very depressing for Weetabix nobody even mentions them, its all Betquack.
By:
LordBobbbin
When: 08 Jul 11 11:03
Yes, I've been slightly surprised at that.  Mind you, their name's even more abstract than Quack's. How many punters watching a television advert would remember their web address after a quick flash on the screen?
By:
jme
When: 08 Jul 11 11:18
Quack spending some money on TV/Radio/Rags advertising might be nice. Their head of marketing must literally do nothing all day.

Come on Dermot dip ever so slightly into that 1 billion pot.
By:
Latalomne
When: 09 Jul 11 09:21
I emailed Weetabix last Saturday to enquire as to whether they had any plans to increase the variety of markets they offer.  Haven't even had so much as a "we're currently looking at our options and will get back to you" email....
By:
foxy_moron
When: 09 Jul 11 16:57
Indeed, if you go to the WeetaBiX site and use W B X inthepress to the left, they say:

We're doing everything we can to ensure that as many people as possible know about the advantages of betting with W B X. Why not take a look at what the media have been writing about us…

Selecting last 6 months, for example, gives:

No content found

Clearly it has not been worth bothering to get any press coverage of late. It is hard to see any competition with apathy like that.
By:
Coachbuster
When: 09 Jul 11 19:13
Weetabix and the Duck need to look at the graphica nad lay out of the site ,in particular the correct score markets.

It puts me off straight away . Betfair has the right idea in that respect ,much easier on the eye .
By:
Coachbuster
When: 09 Jul 11 19:14
i'm surprised these sites haven't 'borrowed' more ideas from here
By:
Lori
When: 09 Jul 11 19:22
Correct scores are more logical on the daq tbf, always wondered why betfair don't copy them!
By:
Coachbuster
When: 09 Jul 11 19:31
Lori , how do you work that one out ?
By:
Coachbuster
When: 09 Jul 11 19:35
also, The Duck also need a more vibrant forum ,it's not  helping matters having to sign in to read the damn thing [smiley:crazy]
By:
Lori
When: 09 Jul 11 20:19
If I'm a punter wanting to bet a team to win lose or draw by a certain score, then on the duck they're arranged that way.

Over here you have 1-0 to one team next to 1-1 draw and then 2-1 to the other team. Mind boggling really.
By:
Lori
When: 09 Jul 11 20:21
I might be wrong, but I should imagine a typical punter thinks along the lines of "I think we'll win 2-1 tonight, possibly 3-1"

Would make sense if those choices are near each other.

I understand why the betfair layout is how it is, but it's not laid out like any other bookie as far as I'm aware.
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