General Betting
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betfair is still the home of big winners, only now they have to pay there rent
betfair is still the home of big winners, only now they have to pay there rent
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So after many previous claims you made that the money belongs to Bf and not the customers ... now you don't feel qualified to confirm your previous statements ...
By suggesting that the money no longer belongs to the customers YOU are suggesting that the money is not secure. You'd be a serious contender for Prime Minister ... Anyhow, since you now abide by what Mr. Hubble has stated, would you mind letting us know (copy & paste) what that is ... just for the sake of our enlightenment ... (I am sure that, unlike you, he has never claimed that the money in the ring fenced account belongs to Bf, but I could be mistaken) |
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excuse me I have never said that betfair customers money does not belong to them, nor mentioned any reference to customers having any risk on money being kept in accounts with them, why you keep bringing this up saint-pilgrim I do not understand, betfairs users cab rest assured that there money is many times safer than funds deposited in a bookmakers as if there profits continually rise there accounts do not get closed as in the case of most well known pro-gamblers, what are you smoking pilgrim?
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You have stated several times along this thread that the customer deposits belong to Bf revenue and even said that the money belongs to both parties.
I could again quote all your statements where you have said such a thing (that's why also many others have asked you the simple question: "To whom belongs the money in the ring fenced account?") It seems like if now you support again the idea that the money belongs to customers (following the Gambling Commission rules, as posted by iz7778, under which Bf can hold the money "on behalf of the customer") and not to Bf "revenues" In that sense, it is now clear that winners are not being paid from Bf revenues but from other customers' funds. Bf is simply acting as an exchange facilitating transactions amongst customers and charging a transaction fee. Thank you for amending your position. |
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if thats the case do you propose then that all the customers make the policies and the skilled staff then with reversed roles get to play and try to make a living on a site that would give them massive prices at tiny commission rates and last about 12 minutes!
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You spoke about Jason (Justin Hubble) and he has said: "The way it works is this. I should know. I designed it. That customer money in trust (say £250m?) that belongs to customers is not on the company books. It is not an asset of the company. It is not in normal company owned accounts."
He, unlike you, understands that the money belongs to the customers and is not in the company books and is not part of the revenue, assets or whatever. But of course, trying to deviate attention from the topic is what counts when one has no arguments but selling corporate propaganda. |
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my reference to the word revenue is not mentioned in jasons rebuttal of the particular thread .
I stating that revenue belongs to a company only refers in "for the care of the customer" sense I never have said that monies in accounts dont belong to customers, why on earth you incessantly try to play with words and meanings for what cause other than some dreary " well its our money really so get rid of the premium charge "campaign cannot be justified by anyone with even a limited business knowledge as active reason for change or reverse. The charge is in place, has started, is here to stay and is a if highly topical, very important road change in the path to a better exchange model that has mutual respect and reward for the best bettors working on the best betting platform around, please find some new topic please and new forum poster to throw it too to prevent you from becoming too boring, good night saint! |
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bf_fananatic
21 Jul 11 13:32 sparky, once your money goes into your betfair account its there money, all trade is done with an exchange, money in this case ,only what you withdraw is actually then yours, otherwise there would be no need for accounts, if it is all yours or customers then go and get it, getting charged according to your effect and heavy usuage of the site seems "fair" to me |
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well its theres on the basis that there handling it on our behalf, but when you sign up you agree to there disclaimer so charges can be made just like a bank and they don't have to ask your permission just like a bank, its in the agreement that you agreed to so how can anyone claiming its there money expect that they will be exempt from any charges incurred!
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It amazes me that some of a group 99.9 % of customers complain so much about a charge that affects only 0.01 % of customers and yet its the 99.9 % of winners that lose so often to this group as the other group is on the winning side of the match more often then the other!
I haven't heard one customer complain on behalf of the staff that wont get there bonuses at betfair this year but the staff are noble and understand its for the good of the company, very few customers care about the good of the company that gives them top prices, lets them win, lets them trade, lets them use bots banned on other sites! perhaps the greed so often tagged at betfair is what really has taken over some of the customers |
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What an utter bore.
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perhaps if you werent addicted to your forum name your grey matter would be in a fitter state
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dont feed the troll
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Why would someone sign up to the forum for the sole purpose of relentlessly defending betfair?
Obvious vested interest. |
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of course I do, winning, the more betfair holds back from the mighty few, the more money it has too pay us and fuel its success , taxation works
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us being 99.9% of users, why should the few get all our money!
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let me think, ah your one of the 0.01% that pay the charge, no, hmmm, then why defend those that take the most!!!
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your chance of being affect by pc is 1 in 10,000, hardly worth losing sleep over, and if you are on it your massively in front anyway!
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I pay 20% premium charge and will likely be paying 50% within a year.
I don't think it's particularly fair that a betting exchange attempts to force out winners.... |
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Ok, ok. You are blocked.
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i never block anybody, fair argument wins for me!
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McChick
And why are you being forced out ? Simply because you wil make less ? Less than what ? |
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none is being forced out, and if you cant raise your game or widen your betting portfolio use betfair in conjunction with other betting platform, the fact is even with the charge in place betfair still has the most to offer, liquidity on betduck is calculated differently and no where near betfairs.
hi fafh, reckon I have said my bit on here time to dive back into my form surveys before the saint surfaces with his usual cackle lol |
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I can understand somebody blocking somebody because they are being extremely abusive in a personal sense.
Otherwise? I daren't conjecture. |
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It's not particularly feasible for me to pay a 50% premium charge and still make enough money to make it worthwhile full-time (when you also consider the potential for fluctuation in profit week to week vs a 50% charge for every winning week and no rebates).
I could attempt to up my stakes, but again I don't know if this is entirely feasible for my type of betting, and I don't know if I'd be comfortable taking on significantly higher risk at worse value. |
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FINE AS FROG HAIR
25 Jul 11 10:12 Joined: 12 Mar 07 | Topic/replies: 3,580 | Blogger: FINE AS FROG HAIR's blog I can understand somebody blocking somebody because they are being extremely abusive in a personal sense. Otherwise? I daren't conjecture. Because he is a robot spewing endless propaganda.... that's all he does. |
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hi fafh, the saint thinks me and you are the same, because he cant get one over on me, I deduce he doesn't tackle your intellect with much hope as well, I have respect for you fafh as your one of the better posters on here, perhaps your secret is staying off and having a drink, I may take up that system soon [;)]
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Mc Chick
Absolutely you are correct in your decision if it reaches the stage that you can do something else that better rewards your time, effort and skills. |
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Maybe he's been at it 60 hours per week for 10 years? (Just guessing.) 25k per year isn't huge money. If that's reduced to 15k per year he might prefer getting a job as a garbage collector or something. Better pay and less variance.
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very true fafh, I am staying off the forum now, I have too much catch up to do and cant justify posting on here all day, if betair had a better pr department or even had one, then I would get some rest lol[;)]
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fine statement mr anderson, good argument
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Again.
I doubt bf_fanantic would be espousing this endless pro PC propaganda if he was paying it or on the verge of paying it. He seems to be labouring under the misapprehension that there will somehow be a bigger cut of the pie for the less able bettors such as himself or maybe enjoy the fruit of betfair's next fantastic new feature or arcade game. It's just attempted transference of profit from the big boys to betfair. I find it odd that anyone holds the position that betfair should attempt to force out the smartest people on the exchange just because they want a bigger cut. |
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Bff
It's not about intellect, it's about common sense. Some people seem to think that BF owes them a living in some form or manner. BF is in the business of making a profit from its customers, and the customers are in the business of making a profit from the other customers. BF has a primary duty of honesty and trust regarding handling the customers' monies. As long as it fulfills that role, then everything else regarding charges etc should be driven purely by competitive market factors. |
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One can only hope that another exchange steps up to the plate consistently and offers a similar (hugely profitable) pricing structure to betfair's original model.
I understand that betfair is a business and doesn't owe anyone a living, but as far as I'm concerned they are making reactionary short term decisions in an attempt to boost projected profit and halt the share-price plummet. They are moving further and further away from their original business model and their USP. |
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bff, what is so laughable about Mr. Anderson's post ? It could very weel be close to the truth.
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Spot on fafh, its like some people claim that an exchange bears no risk like a bookmaker but its a marginal profit business and there is much risk in paying out a hardcore of winners that get better
over time and swell there ranks and perpetually win, at the same time theres a recession on and its more expensive to attract less new money (customers) into the site. seems like they bear a lot of risk to me and I hope there policies reflect the longterm security and viability of the betfair Eco-system for us all. |
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you never hear all the people saying after the budget speech, oh I am not getting involved with this government and its country anymore, I am off to live abroad, especially if the speech was a raise in super tax that affects just 1 in 10,oooo.
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I think the topic "is your belly button an inny or an outty" is more relevant and important than to us all then paying the new pc!
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I think a few or even probably many of those affected would say som ething like that and actually leave. Not a large number of persons, but a significant amount of taxes not being collected due to them moving abroad.
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good point, but alot of big tax payers cant move there businesses abroad can they!
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Betfair just did !
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