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Just got my premium charge statement from betfair

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Replies: 310
By:
eggman
When: 31 Jul 11 19:47
FINE AS FROG HAIR
31 Jul 11 18:08 Joined: 12 Mar 07 | Topic/replies: 3,736 | Blogger: FINE AS FROG HAIR's blog
Eggman
In other words you don't really seem to know any more than any others do as to BF's real costs structure vis a vis maintaining and expanding the betting pool.
I was sort of hoping you would.
And so the debate will go on in its unfortunate fact deficient manner.
Entertaining but essentially irrelevant.


At no point have I mentioned Betfair’s ‘real costs structure’ or how much it may or may not cost them to expand ‘the betting pool’, so it’s strange for you to think that I may be privy to any inside information with regard to this.  If you are particularly interested in these areas, maybe you should have a look at Betfair’s corporate site?

It’s also hard to have sufficient facts when talking about possible future scenarios.  I’m sure you’re aware of the difficulties surrounding predicting the future.

I just posted that I don’t think Betfair are punishing certain customers, but pursuing a strategy of profit maximisation.  I questioned whether this strategy could be detrimental to Betfair’s longer-term prospects for growth as it seemingly contradicts some of the core brand messages that enabled Betfair’s success, and adds another layer of complexity to their charging structure.
By:
nairda
When: 31 Jul 11 20:07
contradicts some of the core brand messages that enabled Betfair’s success

BETFAIR®, SHARP MINDS™     betfair no longer need to trademark SHARP MINDS  Laugh
By:
FINE AS FROG HAIR
When: 31 Jul 11 20:20
Eggman
Just be honest.
It's going to hurt you specifically.
And you don't like it as such.
Nothing wrong with that attitude.
As to whether it is wrong for either BF or for the majority of other users ( exising or future) is not clear at this moment in time.
I did not assume that you knew any more than anybody else on anything, I was just hoping that you could perhaps back your opinion on the whole matter up with a few more facts than anybody else.
I was wrong and that's the end of it ( for me at least).
By:
tinca tinca
When: 31 Jul 11 20:29
nairda they won't be using the other advertising slogan they used to use."Winners Always Welcome".Grin
By:
FINE AS FROG HAIR
When: 31 Jul 11 20:32
How about " Whingers Always Welcome " instead ?.
By:
pmbets
When: 31 Jul 11 20:52
What about 'Team players welcome' Or you ands your mates down the pub welcome'
Something like that to attact people who never win long term.
By:
nairda
When: 31 Jul 11 21:10
Reading Peter Webb blog  (bet Angle)   ...I think Peter will make alot of money out of Betfair new PC rules, not only is Peter getting matched on Betduck, but now everyone who brought the bet angle software for betfair, would now have to buy it for betduck LaughLaughLaughLaugh
By:
FINE AS FROG HAIR
When: 31 Jul 11 21:42
Btw what about the timeworn phrase " Once a winner always a winner ".
Some of you so called " winners " on here seem to be debunking that in spades.
By:
bf_fananatic
When: 31 Jul 11 23:55
have a look at my thread that i just posted, its an idea to replace the premium charge it could work and have a look but it would need support, it could be the answer to all our problems
By:
viva el presidente!
When: 01 Aug 11 00:04
"have a look at my thread that i just posted"

------------

yeah - because this whole forum's sitting here agog waiting for more posts from you. Laugh
By:
FINE AS FROG HAIR
When: 01 Aug 11 00:25
Err which one is my question.
By:
bf_fananatic
When: 01 Aug 11 00:28
The one about replacing the premium charge with a monthly subscription charge for using the exchange, in theory it would work as the revenue brought in would match the premium charge projected pool
By:
bf_fananatic
When: 01 Aug 11 00:34
of course it opens another can of worms[ are people prepared to pay for winners in advance of using the exchange] they clearly are prepared to keep moaning about it on here and everywhere else, I think if I were betfair I would of done things differently but of course now I reckon if a replacement for the pc were found then a lot of people would back it because there is no doubt that the pc is damaging in a public relations sense, no one complains about line rental or standing charges on energy meters and these charges make mega millions for companies!
By:
iz77778
When: 01 Aug 11 02:50
bff, how much commisson have you paid this week?
By:
Compound Magic
When: 01 Aug 11 03:34
From his ad nauseam posts I would be surprised if he even gets time to have a bet.
By:
catfleppo
When: 01 Aug 11 07:01
I think the bf stands for betfair forum
By:
Bobman84.
When: 01 Aug 11 13:12
frog2 writes: "just 400k-500k a year tax free and you are complaining about giving betfair a few extra quid. Unbelievable really."

Tax free? Hardly. PC is a tax and the income is hardly guaranteed either.

Two points:

1) Wouldn't be surprised if this 60% charge would in future be adopted on smaller lifetime winning margins (therefore many more people affected)

2) Wouldn't be surprised if in future, commission was payable on all losing bets as well.

As for bff mentioning purple not being as good - I compared two identical races last night. Pre-race the purple had a higher amount matched pre-race, similar in-running and only about 10% less at close of the race. This to me clearly shows that liquidity over there is rising fast, therefore making it a viable alternative for those who are about to be (or have been) hit with PC2.
By:
gerard
When: 01 Aug 11 13:40
Bobman - the fact that the purple liquidity is improving all the time and comparable with Bf's in a way in which it never has been in its history is completely irrelevant - the only thing that matters is that it is calculated differently so you can completely ignore it...[;)]
By:
nairda
When: 01 Aug 11 13:56
gerard

really..the only thing that matters is, can you get you bets matched at the prices you want...with each passing day, this is happing more and more...
By:
gerard
When: 01 Aug 11 14:01
Indeed, although I think we are on the same side in this debate Nairda.
By:
viva el presidente!
When: 01 Aug 11 18:05
2) Wouldn't be surprised if in future, commission was payable on all losing bets as well.

-------------

that will never happen. BF's not going to do anything that negatively affects losers, because those are the punters they want and have serious competition for. in fact, they'd be more likely to do a commission cash-back offer to losing punters than this.
By:
Johnny The Guesser
When: 01 Aug 11 21:19
I'm sure if Betfair could restart today they wouldn't have this extremely messy and complicated charging structure.

What about a lower flat rate commission charge for everybody but charged on every winning bet and a very much smaller transaction charge on every bet placed.
By:
Trevh
When: 02 Aug 11 00:55
Talking of the other place, I popped over today to have a look at the football markets, but out of all the matches on offer only one had a correct score market. Is that normal for purple? Seems crazy not to offer more markets per match.
By:
FINE AS FROG HAIR
When: 02 Aug 11 00:58
Their football mkts are totally inadequate in scope I think trevh.
And let's face it, that is the real growth area in punting, particularly the mug punting.
So why not get their act together there immediately better ?
By:
moisok
When: 02 Aug 11 01:04
the celtic and rangers games were more than adequate and quite a few others in between
its quite satisfying how quickly you can build a bank by not paying extra commission i am quite happy
By:
FINE AS FROG HAIR
When: 02 Aug 11 01:08
Match odds are sometimes ok but what else ?
By:
Trevh
When: 02 Aug 11 01:15
I couldn't believe only one match had a c/s market, all the others had about 5 or 6 markets - match odds, overs/unders, asian.

Is it that difficult to add more markets? I thought it would be just the click of a button for them?

So my first impression of them is that they don't care much about making money, strange. Makes you wonder if they're owned by BF lol.
By:
viva el presidente!
When: 02 Aug 11 01:18
I've jokingly suggested that in the past too trev.

if you wanted to create an impression that there's no point trying to compete because it's too hard and rival exchanges are doomed, setting up purple would be a hard strategy to beat.
By:
FINE AS FROG HAIR
When: 02 Aug 11 01:20
You have a real devious streak in you Viva.
I like it.
By:
viva el presidente!
When: 02 Aug 11 01:22
yes, now you mention it fafh - the main proof that that's not the case is that that level of effective deviousness would be completely beyond the people behind the betfair front room.
By:
moisok
When: 02 Aug 11 01:22
i am a manual player quite happy to have doubled my bank in a week
if I think a team is not going to win I lay them - very simple -
simples ha ha - whilst some of you are all getting tangled up in this deabate about bots (which bf hss never tried to stop)  and about being charged 5  20 40 etc etc
one of the nastier aspects of the new charges as has been pointed out over and over again is how u can havea nice winning run and then a bad one but still ending up forking out !!!!   I did that already.... already - it's not for me.
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