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These 107 comments are related to the topic:
liquiditiy will keep rising as the knowledge that winners are excepted though charged is positive
liquiditiy will keep rising as the knowledge that winners are excepted though charged is positive
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Replies: 107
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Correct Mr Angry.
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on the question of sports books and conventional bookmaking being introduced, imagine the possible set case scenarios.
(please note all below set case are postulated and bear no comparison to betfair activity currently.) 1.....A successful sportsbook user on betfair complaining that they had to pay the premium charge when the odds were similar to other bookmakers who wouldnt charge them a premium charge, even though they are betting against 125% over-rounds would frighten off any new sportsbook customers. 2....the facility to now allow regular winners over long periods the use of the site would then send a message that betfair bans winners and thus winners were not welcome, which goes against there current policy that winners are still welcome. 3....stock market consultants point out that betfair had become a traditional bookmaker thus forfeiting there unique position in sporting exchanges for a more competitive postion in the saturated bookmakeing market would indicate a limited company growth profile and even maturity which would then slow down stock market interest. so clearly there would be a massive conflict of interest if betfair did create sports books onsite. |
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@ bf fantasist:
may I be so bold as to ask whether you are a Premium Charge payer, please? At first, I felt sure you were something to do with bf PR or advertising, but you told us you don't work for bf. In case it matters, I myself am but a very small player on bf, but, somehow, I have just about managed to take out more than I put in.  I have no idea about PC myself, but my impression ( without knowing the full facts, of course) is that buzzer seems to have things about right. |
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I would not call it getting fleeced, a farmer who owns the filed that a sheep lives off and the sheep itself may do some fleecing, all betfair are doing is giving the top winners that purge the revenues a little trim. a little off here sir and a bit off the back and sides. ;-)
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I would guess buzzer has a pretty good idea - he has been around a good while unlike betfair apologists - how many betfair people seed the forums on here I wonder
at least two have been spotted |
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Lol, so the forums are seeded by apologists? If only it wasn't so everyone would agree
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explain to buzzer will you that betfair have a base rate of only 5% which means they have to pay for everything out of a margin profit, thats not 5% of turnover by the way take out all the running costs, development of new products and services , promotions, advertising, sponserships, racing levys, wages, lawsuits, it equipment and installation, it upkeep , licensing etc etc etc, what they got left is tiny in comparison to the turnover.
bookmakers have costs too but are you ready, watch the penny drop carefully, they do it by manipulating the market directly at the trackside bookmakers to maintain a 128% overound, thats 28% commission to put it another way. bookmakers make over 5 times the commission effectively than betfair and ban all long term winners! what would you rather have, just all bookmakers or exchanges with better prices and a charging system to plug the many millions that traders, botters, and the like drain from the coffers. just tell me which is the better? |
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yes sudden appearances of new accounts with expert knowledge of betfair, their motives, etc etc - tell me another one ha ha
I have mentioned the figure of two so far spotted - pathetic attempts at some sort of PR |
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admit it betfair have got it right, there a business, not a charity
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I pay PC but am very small fry. Betfair are trying their best to encourage me to move elsewhere.
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this is good
we don't have to guess at the lack of insight behind the decision-making process - we can see it exposed here it is precisely because it is not "little" that the new charge will fail to produce the expected result. You think they have it right. I say you should watch what unfolds. |
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I love betfair. It really has been such a good experience for the last 5 years.I sincerely thank the original inventors. 5 percent 20 percent 40 percent or more - even if it was 99 percent commish I would still stay with them. I think I am very astute and clever.
I am also good at putting my fingers in live electrical sockets, stepping in front of trains and walking the dog on live tank firing ranges. And I believe everything I am told on here (Not) |
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i promise you i dont know anybody at betfair, anyway betfair are too sensible to allow there own staff to comment on the forums. I have run a business before and I do understand that you have to put in place measures that might not go down too well with customers, but it has to be done for the welfare of the company, you would do the same in there place, in fact i am amazed that they have maintained growth in the current economic climate, plenty of other businesses have gone belly up, and even the mighty u.s.a is having to do some quick major financial surgery to get there debt sorted out, you lot do go on and on about a small group of rich punters that dont pay tax, live the high life, all through betfair with betfairs blessing for 10 years or so and now have to pay a contribution back to the farm.
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Spot on weatherman. The decision process being communicated to the forumites in the form of posters that understand that the company surely has costs.
And to no surprise, Mr. Bf_fanatic, like others in other threads, says that the company is not taking enough from the turnover. Implying that the money belongs to them because it flows through the platform. Of course if asked, Mr. Bf_fanatic will not answer how the company went from a small start-up to a million profit multinational with the 5% commission scheme (effectively less) |
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i bet there crying all the way to the bank
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don't let's confuse the issue - it's a great money grab by betfair - even though they are in hard times but strangely the figures speak a different language - and I guess it's more to do with bolstering share price than any 'business' decision for future growth. But hey ho what do I know??
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saint it came from growth, organic, the same growth that now costs 10s of millions to maintain along with everything else, betfairs happy the top 500 will still be happy, the staff at betfair that arent getting there bonus this year are managing to be happy, why cant everyone else be happy, or is that index linked to your commission rate from birth
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when change happens get up, dust yourself off, adapt and survive, its not the end of the world and if it was it would not be that bad an ending would it
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Oh dear. How long have you worked at Hammersmith Embankment, bf_fananatic?
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And Mr. can you explain to us why before it didn't cost so much to maintain the whole lot and suddenly the cost has grown exponentially?
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surprisingly, mr. bf_fanatic has only posted in threads that have to do with the premium charge and related (like the ring fencing) ...
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when change happens get up, dust yourself off, adapt and survive
Exactly. Glad you understand. |
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the caliber of plant has degenerated to weed... |
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in answer to a question asked earlier on, am i a payer of the premium charge, no i am not but I would love to be because it would mean I was making a very good living from betfair and giving some of it in the form of the pc towards the company would increase my worth to the company and help to secure betfairs growth therefore my projected growth long term, there that explains it
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there has been no change - just a hike in prices
a money grab and unfortunately quite a few may well 'adapt' to other sites having enjoyed my time on here I am sad to think this will happen because of some 'clever' accuntants rocking the boat too much |
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Envy is dangerous when it comes to making business decisions
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a weed may be said to be quite economical and efficient in its sustainability, it maintains very good growth, is a great survivor to change and best of all it doesnt waste resources complaning, whats your excuse
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if a weed loses 60% to a lawnmower or gets a complete trim it grows back, maybe the top 500 should make an observation
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if you were a weed which garden would you prefer to live in, betfairs where you get a trim if you grow too much, or the bookmakers where you get showered in agent orange as soon as your spotted , tee hee
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case closed lol
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Dear Mr bf. I make approx £50/week, not what I would call "a very good living" and I pay PC
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weeds are good at sporing lots of little weeds...
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All this from a women who doesn't even understand the basics of commission, i.e. that premium charge payers pay less percentage of their gross profit.
Bf_fanatic, how long have you been using Betfair, and what commission rate are you on please? |
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poisoned prince, that does seem a low amount of profit, there will be ways to increase your profit margins and still pay your pc, what ever your doing right, do more of it and good luck ;-)
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Not read so much cr@p in ages.
The Communist economic model shows us all we need to know. The more an administrator extracts from a financial system and generally interferes with it, the less incentive there is participate. Hence less competition. |
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hi trev, to make light and fun of myself, my balance is 2p at the moment, and i cant remember where that came from lol, havent bet on here for ages, but on the other hand i have nearly finished an app that generates in self prrofed over thousands of races 500 points profit every week, i was knocked for six when i heard about the pc huke but i have give it some serious thought and some research into betfairs position in terms of its global position as a world leader in the sporting exchange industry, there floatation , the millions they have to pay out for many things and the reason behind the charge and I have come to the conclusion the pc is a bitter pill to swallow but it makes sense, if and whn am ready to back and lay on here and if I achieve the highest pc charge then I will pay it glady because betfair would owe me nothing and I would be making a bomb out of them so I wouldnt have any reason to complain, its just a shame its 60% and not 50% as a 50/50 split would be much fairer as betfair will make more out of my efforts then I would, but I dont want to sound greedy in saying that, its all relative, if you want to read my story its in the "are all moneys ring fenced thread so far down, think i posted it on sunday night.
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my main concern is being accepted on any betting site once i get firing up, so its all on a proverbial wing and a prayer for me
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i would rather pay them 60% then use bookies and get shot lol, reckon ladbrokes would hire a hit man with my profit margins lol
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Liquidity increasing? surely you cannot be serious!
P.C. Slow pictures. Site breaking down every few days. Competition thats starting to look like a viable alternative. Sorry fanantic,one way its going and its not up. |
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i have noticed increased liquidity on the greyhound on the greyhound racing today at betfair, 22k from 13k yesterday, only looked at 10 or so races, of course the full picture will probably be different, anyone else noticed anything?
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