General Betting
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16 Jul 11
16:54
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10 Jun 06
scrap commission completely and base their entire charging structure on the PC.
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Replies: 14
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It would be fairer but, as it would have to apply to everyone, it would be the end of betfair.
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I've suggested it, asking what %age of profits people wd be willing to live in the absence of commission. Suddenly everyone has gone quiet--or at least everyone on a site largely populated by traders.
I'm sure the biggest liquidity provider cd live w/ it. And so cd people like me, who arb, take positions and have made an effort to keep being able to get on elsewhere. |
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Still with sliding scales ?
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Well, my first suggestion was rising bet sizes w/ rising historical site profit, wh/ I presumed wd be surprisingly effective in equalising returns between punters given the way market-making algorithm work on the horses.
But technically this wd prob. be impossible. Rising charges w/ rising historical site profits wd not reward players for the liquidity they provided and wd have much the same effect as the pc they've come up w/. In some respects the idea doesn't seem much worse. |
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No 0% commission if you are classified as a 'MUG' ..
If you lose then should not need to pay comm.. 90% 'winners PC can take care of that.. |
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I want, no I need, some of that "MUG" classification please.
Sure would make a nice, interesting change if all the " expert punters" on here suddenly started claiming that after all they were always just "MUGS". |
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I would like the option of either paying via the current commission structure or paying a monkey upfront each month to use the site commission-free.
As I'm on 4% commission, £6,000/year would roughly equal what I am currently paying. The difference with an upfront payment would be that, as a gambler with no interest in going all-green, I would punt vastly more money on here as so many more prices would become value without commission. |
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I don't think anywhere near enough on here would have your apparent confidence in their betting strategies/skills for that idea ever to work.
I sort of like it though. |
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I'm only advocating it as an alternative.
Keep the current structure just as it is, but offer an upfront payment in the smallprint as an alternative for those who want it. |
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As I'm on 4% commission, £6,000/year would roughly equal what I am currently paying.
Flat rate subscription, Yet one more way a competitor could differentiate. There is no reason in principle why all 3 models couldn't be used simultaneouly per tx per market per time period |
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BTW, screaming
I'm about to start a weather watch thread for the test match. |
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They tried the upfront payment with poker and it failed fwiw.
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Is that so? I had no idea, Lori.
Oh, well.  |
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In fairness it was Dutch Boyd who was behind the idea, so there wasn't exactly huge amounts of trust there.
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