We want to share an important update with our Betfair Community users.
Over the coming months, the Betfair Community platform will be winding down. The final active day for the platform will be December 21st. From December 22nd, users will no longer be able to access the platform.
Your discussions, insights, engagement, and, most importantly, feedback have helped shape the platform and guided innovation. Your feedback continues to be important to us, and we will continue to listen via our dedicated feedback channels, as well as through product testing and innovations.
To share your feedback and experience, visit: https://support.betfair.com/app/home
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People will leave. There are marginal pros who make say £30K a year but can't afford to take the cut.
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I shall retire to bed, all this illogical behavior is very tiring
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Froggy,
The decision is driven purelt by greed. BF's board are answerable solely to the City spivs behind the float. The example you post above could be mitigated via rebates for losing weeks. |
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Yes it really is the marginal Pros who are going to be killed by PC@.
Not even the " amateurs" ho make 30 K will be killed per se, just perhaps a bit deflated. |
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ok by marginal as you say 30K, guys or gals, in a 1/12 market will make what, say 30k/12 at you no where, little compensation in that move or retirement option.
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please don't tell me they wont have anything left when they have paid there tax, oops
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Steering
Yes the move of BF into a public company has changed all internal policy making criteria of BF. No doubt about that really. Confuses any and all debate comparing the past to the present. |
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But Viva if any player is making consistently high earnings and paying very low charges relative to GP ( say less than 10%), wouldn't it be fair to say that it would be hard to see how BF are making any real money out of them and, furthermore, hard to imagine how they are good for the growth of the exchange.
------------------ no, because in some cases BF benefits from their activity in ways not reflected in their commission. eg, if someone can offer a 100.2% book in real time throughout an IP football match, the fact that those prices are there at that level will have several beneficial effects for BF. two off the top of my head: 1) it will bring in new custom/repeat deposits through the competitiveness of the pricing. 2) it will increase the number of times losers play through their money in losing it. |
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whos on 30k and why? how many points profit is that at per day/week/year? how many markets do they use?what bet frequency and stake size?, are there betting variables set in stone, will a charge wipe them out?????
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They won't move they will stop. I have a friend who makes books. His first year as a pro was good. last year he spent £10K more than he made. This year with the pc he might well give up. Yet he supplies a lot of liquidity. He's exactly the sort of person betfair need. I do feel the charge is catching too many people. It is too crude by far and will drive away people that are benificial to betfair.
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pumpkin
Maybe it won't hit the main mkts that BF makes it real money from and so they are perhaps really just focussing on the impact of PC2 on those ? eg football, tennis ? |
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The people running the company simply don't understand enough about: [a] the basic percentages of a book; AND [b] the need for liquidity that "flows like a river" [to feed the mugs].
Exchanges are a very simple product. Their genius is in the [original 5%] commish rate, making each of the millions of zero-sum game bets struck a money-maker [via the winner's commish, which is funded by the loser's stake] ad infinitum. That's why BF is a PLC. Everything else they've tried has added 0.000001% of the value [and I'm being generous...] of that original commish structure, which has prevented 98.3% of players winning LT. And they're going to destroy their business from deviating from it... In 20 years' time, they will be a famous case study in "how NOT to float" |
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well pps I can feel sorry for punters that aren't winning as much as they could but the pc2 charge will not stop winners and some will still make fortunes, but now in partnership with betfair instead of out of betfair or the losers or the system, what ever you want to call it, its evolution, survival of the fittest or on corporate level the fattest cat,but thats business for you money and thats what everyone wants from the next customer that signs up to the next replacement MD , its all about the money
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I like you am as greedy as the next man, but if the next man wants more money to get me more and theres no other man than I pay the next greedy man, but thats just me being greedy[;)]
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Steering
I simply cannot believe that there is neither any knowledge within BF on these types of matters, or any external consulting knowledge that they haven't tapped in this regard. Just doesn't seem commercially feasible. |
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I don't either Froggy.
However:- Actions, words and all that, though! Their share price "performance" is a joke since the float. |
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Someone quite knowledeable on share mkts said on the financial forum that it has been reported that actually only 15 million shares were actually sold on the ipo.
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so the supply was restricted [vs. overall share capital] at IPO?
And yet the shares still fell like a stone. They'd be worth a hell of a lot less if a bigger % of share cap was released... |
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yeh the price bombed, 1.4 billion was an overpricing, because in these turbulent finacial times post the last recession which is still here investors are very twitchy and even though betfairs pedigree and last ten years growth are great, nearly all companies bomb after flotation but even more so in the current enviroment, today all prices rallied then dropped on some other news about the us, very twitchy at the moment.
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Hence why they're now semi privatising themselves by buying them back in volume ?
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Messrs Black and Wray pulling some strings methinks ?
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Share buybacks have always signalled a company with too much cash & too few ideas.
As a trader, they did sell at 15 & buy at 5. They have a modicum of my respect for at least getting that much right. |
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aren't betfair buying back some of there shares at a much reduced value, theres some sense in that as the initial investors were tied to a 190 day cant sell policy
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iirc, only 10% of the company was floated.
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I think that everybody associated with the float now regret it, that's for sure ?
A right pain in the butt. |
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betfairs current share value is the current valuation of the company from major market data firms
so a great time now to buy them as they should start gradually gaining, but thats longer term |
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think i read somewhere that one firm puts them at 660
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gonna hit the hay lads - good, lively discussion on here tonight.
will try & pick up some of the subsequent comments on this thread over the coming days. gn folks. |
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Are you posting in your sleep bff ?.
I thought you had retired for the night sometime ago ? |
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its like buying a pub, 20-30 times the annual profit not the value of the building , very crude calculation but it works
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well normally I would be programming but got my son in the morning so posting is like sleeping compared to number crunching
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Sweet dreams to all of whales and piranhas.
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I can really recommend hiding bff. makes these threads 10x more interesting.
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gn steering job , good posts, like your style, fafh are you still about mate
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I know president I am one pain in the arse, sorry I cant help it
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So you're all leaving me. What, do you have jobs or something?! I knew someone with a job once, absolutely swore by it.
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lol i heard about him too, I asked a strange man where do you find one of these jobs he sent me to the jobcentre, it was empty I asked the woman Ive come to look for a job, the staff said who sent you here was it a strange man?
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BetAngle guy would be making betfair more money then he taken out..he pay less then 10%
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