General Betting
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To All people who think Pc is a good thing
To All people who think Pc is a good thing
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Replies: 176
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They don't listen in the tower to us, its amazing how corporations left ear listening to profit strategists grows bigger and there right ear listening to customer feedback and relations shrinks and withers away when they hit the big time, its an organic distancing effect in all businesses as they grow there growing tip grows further away from there roots, but without roots the plant will starve and wither away, still you got to laugh haven't you as holly used to say on red dwarf[;)]
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bf_fananatic03 Aug 11 22:40
In corals I backed a 4/1 shot trap 5 with 100 quid, it went out to 8/1, thats were it all went wrong,bookies don't like to make a loss on the week or day and I made the mistake of using the same bookie 5 times in a row and winning, betfair is fair at least they pay you out, corals have told me I cant place large bets,100 quid isnt large, head office said they are monitoring all my bets, I gave up on corals and all bookies, they don't like winners!  |
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well I suppose thats good for a laugh also, still that holly computer could do with replacing[smiley:crazy]
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I reckon holly the quirky humanized computer on red dwarf would make a great add-on to corals bet settling system for customer complaints, brain the size of a planet and it pays you £0 out for a big win, certainly make ripping customers off a more pleasurable experience.
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bff - Talk about ripping customers off what about the pc payer who had £100 quid on a dog at 4/1 and got paid out at 13/8
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That was an urban myth,commission and the premium charge are 2 different things based on different conditions,
Premium charge has no effect on your average edge in a market or the amount you win in any market and the profit margin you may average, only commission has this effect after the p&l in that market Premium charge affects the amount of profit that you "net" for any week leading up to Wednesday and affects the amount of profit you will of made for that week the charge relates too trying to draw a comparative effect in a market result of the pc2 is impossible because net profit for the week and profit from a market are not directly relatable. The nearest comparative effect would be to use an average profit per market example Thus if your average strike rate was say 33% and average bsp was 4/1 then after pc2 £100 staked X 3 = £200 profit after a win - pc2@60% = £80 profit or equivalent odds 3.8 or around 11/4 (not 13/8 per event as you state) sorry to correct you but hey nobodies perfect |
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Also note from my example if you increase your turnover average by 60% or find an alternative system of same frequency and strike rate but average bsp 4/1 X 1.6 then then there is no effect to your average profit margin after pc2 than the other system at 4/1 odds, add since you use my coral runner as an example, that drifted out to 8/1 and probably was 12/1 on betfair.
The premium charge is not an obstacle but a hurdle and hurdles can be passed! |
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My prediction is that there will be an increased chance of any other excange adopting a premium charge also for many good reasons
1....weak players may use alterantive exchanges when they dont actually get charges premeuim charge |
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sorry posted last post too early, here is the full post
My prediction is that there will be an increased chance of any other excange adopting a premium charge also for many good reasons 1....weak players may use alternative exchanges when they don't actually get charges premium charge purely based on misunderstanding the charge and along with professionals that will use all exchanges to maximize profits, the ratio of weaker and stronger players on reduced commission will evaporate the revenues at a corporately alarming rate. 2....alternative corporation will want to maximize there company profits. 3....infra-structure upgrades and need for growth will dilute the company profits. 4....Market forces always level out so there will always be edge cloning by competitive companies. |
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How can any competitor match growth of the leading company on lower profit margins, there not charities
there in it to win it as much as those that use them, surely you have learned this lesson from the top exchange betfair. |
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I thought you were going to stop winding people up Bff ?
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But I only had 1 bet that week £100 at 4/1 on a dog race and got £160 winnings from BetFAIR
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oh thats different, then you of course your right but please state that your average strike rate is 100% for that week, well done lol, but you cant really complain about pc2 effect if you can only find 1 profitable runner per week on a site that offers the best prices and highest winning liquidity
in history now can you [;)] |
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If I can find 180 profitable runners a day then surely you can do better than 1 per week my friend
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remember all equations have to be relative or there dis-functional so to state that
pc2 =no profits pc2 = no future profit growth pc2 = increased betfair profits = betfair colapse are all dis-fuctional equations as x and y involved somewhere would need to drastically change somewhere to create relativity or equilibrium |
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like your post though doubled very sound point in a remote condition example[;)]
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thanks
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