Brilliant post iz77778.

You should email Betdakk and ask them to offer the market.

Tell them you'll seed it to a 101%

They'll give you 0.5% commission and a free mug

valleys ffs

Just checking ,
Yes, like much i say  may sound silly to the average person ,but then so does 63.5 % commission or whatever it works out in real terms .Try explaining that to your non betting mates and see the look on their faces !!

I'm simply saying if BF are to be believed about keeping an 'eco system' going ,then something needs implementing to stop the well running dry , a time or markets limit is a sensible idea in my opinion .

It would be akin to a 4 day week ,during a bad recession . Coming together for the common good.

My mate has been on Betfair for 3 years now. Bets every weekend down the pub on his iPhone.

He still doesn't  have a clue how commission works and until I showed him his Betting Histroy on his home PC he didn't even believe that he had payed any.

CB: There are plenty of jobs where people work more for more pay, it's not abnormal, it's quite normal.
It for example, is exactly what paid overtime is. It's why people take second and third jobs : using up more hours of their life to make money. It's why self employed people might do an 80 hour week. If money is there to be taken by working at it, people will take it, nothing wrong with that.

Have to disagree with you there Coach.


Why can the big three make double what Betfair do with 103% books for eternity yet Betfair will run out with sub 101% books?

If they killed the cheats there wouldn't be an issue. The bots don't need to go.

Rocket to the FACE
Date Joined: 28 Oct 08
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When: 07 Jul 11 16:18
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You should email Betdakk and ask them to offer the market.

That would be a great publicity stunt!


Don't forget Betfair isn't that cheap compared to traditional bookies for fun bets. Betfair may frequently offer bets price according to their own odds comparison, but if they added Pinnacle to the list of bookies compared against, their match odds prices wouldn't look as good as they do.

Investor
For the large majority of modest winning punters on here, BF is all about winning just a relatively little amount wihout being banned ( which they can't do on the HS), and is also about being able to lay quickly and easily in big field horse races.
It's not at all about the aspirations of giving up their day jobs and becoming full time professional gamblers.
Big winners don't really bother them at all just as long as those big winners don't threaten the basic viability of the exchange.
And that is what BF is currently saying. Unless these big winners are curtailed in some form or manner, they will eventually take everybody down with them.
The debate should therefore be about whether BF is overdramatizing the situation just to cover up a big money grab for their shareholders.
All the other stuff being debated is essentially an irrelevancy.

I reckon that could very well be the nub of the whole debate.
BF has gone down the wrong path, has lost its way, and now is crying out for help to find their way back.
But is anybody listening ?

For the large majority of modest winning punters on here, BF is all about winning just a relatively little amount wihout being banned ( which they can't do on the HS), and is also about being able to lay quickly and easily in big field horse races.
It's not at all about the aspirations of giving up their day jobs and becoming full time professional gamblers.
Big winners don't really bother them at all just as long as those big winners don't threaten the basic viability of the exchange.
And that is what BF is currently saying. Unless these big winners are curtailed in some form or manner, they will eventually take everybody down with them.
The debate should therefore be about whether BF is overdramatizing the situation just to cover up a big money grab for their shareholders.
All the other stuff being debated is essentially an irrelevancy.

What you're saying is that Betfair is just like any other bookmaker - just with a different interface.  The bookmaker always wins.

Is that the new thinking from the board?

And you know what ? The mass of ordinary non-aspirational punters on here are not going to give a flying.

Only because they don't know the truth.  Will Betfair advertise this fact?  No.

The reasons for Betfair's success is because it didn't ban winner - because it offered a glimmer of hope that it WAS possible to win from gambling. It was word of mouth advertising, the viral growth of the client base from the selling of the dream (the countless YouTube videos, and trading websites).  Betfair have killed the dream, and hope nobody will notice.

I have no idea how I'm even capable of posting on here at the moment.
I can hardly see the fcking keyboard.
Just proves Rocket's point, I suppose.
I will just argue anything with anybody for the bloody sake of it.
They will probably put it on my gravestone.

Are there any figures anywhere breaking down how BF does in their various bloated areas?

Be interesting to see what amount they need to spend on keeping the core product going and how much profit that makes against similar figures for all the other shyte they now do.

.
http://corporate.betfair.com/investor-relations/results-centre.aspx

Or you could just start looking from here. That will save you some time.

 Pricing
We have reviewed our pricing structure. The vast majority of our customers currently pay a fair price for their use of the Betfair platform. However, we will be adjusting pricing for a very small number of our most successful customers whose payment of commissions and charges does not reflect the benefit they gain from the Betfair ecosystem. These changes will take effect over coming months.

This is from their presentation of results.

  Not a word of these customers not being profitable for Betfair, only that they are to succesful and can be fleeced.

Surely it is implied in the sentence before the one you have highlighted?  Although they have moved from the 'profitable' of the first pc to talk about a 'fair price'.

Moregoodies from their presentation :

Customers
Total active customer numbers grew by 15% over the year, with the FIFA World Cup attracting a large number of new players. During the second half we concentrated on winning high-value customers through a more targeted and efficient marketing programme. We also realigned our customer retention and promotions teams to focus on this segment. Specifically, we undertook a targeted campaign for the Grand National in April 2011 focusing on acquiring high value customers. . As a result we acquired 35,000 fewer customers overall for the Grand National and Q4 customer numbers fell year-on-year. But this was offset by a significant increase in average revenue per customer as we had more high-value activity. . This adjustment to our customer approach will also help to enhance our future margin performance as we achieve higher lifetime payback on our marketing spend.
We achieved a better-than-expected cost per acquisition, reduced by 21% to £104. This cut the proportion of revenue spent on marketing to 24% – in line with historic levels and significantly below the prior year‟s 29%.

  Don't they say they need the PC money to attract new (losing) customers ?

Yes, that's true and I think it's an unfortunate choice of words considering they have 3 different versions of what a fair price is.

I actually wish they wouldn't try to justify in these terms, a straight - "We regret to inform you that we are putting the prices up again.  We have thought long and hard about this and consider it the best decision for betfair." would be easier to digest.

I remember when they changed the commission discount system my account manage called me and told me I would get an email explaining the changes.  "I'm not going to try and dress this up", he said, "it's a price rise". Much better than what was in the email.