Posters that work for Betfair

been here one month

idiot!

@acquiesce12

I'm intrigued how you detect BF employees.  Other than BCM, BCM2 and Nemesis and the like I mean.

What's your shibboleth?  Approval of anything to do with BF?

I just can't go with bff being a bf stooge. the perception that he is allied with the general sense that he's a raving obsessive can only do the firm damage.

what kind of company would have someone like that representing them, even covertly, and not shut them down?

It's obvious, the Pro PC Brigade.
FFS

I can admit contrarian that my formula is too basic like most of yours to be correct and the correct formula will be a field of distribution statistical  analysis which is of little use to me as I equate form with real results versus projection and don't rely on equations to work out unknown complex associations of factors that are fundamentally UN-predictable via equations to any useful accuracy.

I can admit contrarian that my formula is too basic like most of yours to be correct and the correct formula will be a field of distribution statistical  analysis which is of little use to me as I equate form with real results versus projection and don't rely on equations to work out unknown complex associations of factors that are fundamentally UN-predictable via equations to any useful accuracy.

I have no idea what this gibberish amounts to, but if you are trying to say that you place no importance in statistical theory, but only rely on 'real results', then I fear for your gambling future.

And, as a couple of posters pointed out in the thread below, the solution to the birthday problem (how many people must be there be in a room so that the probability of at least 2 of them sharing a birthday is over 50%?) is very simple.

Suppose there are 2 people - the probability that they have different birthdays is 364/365.
3 people - 364/365 x 363/365
4 people - 364/365 x 363/365 x 362/365

etc

If you carry on this sequence, you will find that when you come to 23 people, the probability that they all have different birthdays drops below 0.5 for the first time (and so this is the minimum number required in the original question).
Prob(

acquiesce12
It's obvious, the Pro PC Brigade.
FFS

That's quite a bigoted opinion you have there, I have given the pc situation a great deal of thought and I understand the reasons that it has been implemented and how it affects some of the various different type of user on here. I never have worked and never will work for betfair.

contrarian- thanks, I'll treat myself to that in a quiet moment.

Very good point Contrarian and I totally agree with you, also I did read your post about my mistake in the 52 birthday problem and I have to admit my formula was  comical in retrospect and thanks for pointing it out, laws of distribution not my cup of tea, also owe viva el presidente! an apology for a thread I made and that was wrong of me to use humor in that way and as for my pro pc stance before I cant believe I have defended betfair without good cause after all they may be good at what they do but if someone one day beats them then good luck to them as competition is what has failed the exchanges, there is good competition between the bookmakers but its been all one-sided with the exchanges and its sad to see BF spoiling the goodwill that they have promoted, gained from and sold so well up to pc2.

Well, i never intentionally insult anybody I just say things as I see them and this:

a poster such as myself coming to the conclusion that Extremely Pro PC posters have an ulterior motive

is bigotry.

I'm sorry if you find the word offensive but I have used it accurately and in context.

I personally would like to state an important point without being accused of being a worker for betfair or pro pc as I was really shocked when I found out about pc2, I couldn't believe my eyes at the rates and could go on about sharing everyones disgust with it as it is disgusting to move towards
punishing punters for being successful at something they promoted at our and there wish.

There seems to be two different exchanges at loggerheads at the moment and both have completely different pedigrees and  yet seem to have the same common problem that possibly underlines
that there may be a problem in the exchange model that they currently use.

case 1....Betdak

founders initial funding = billionaire so very good.
interim funding = unknown personal millions

current staffing = 50

web and server upgrading budget = minor

advertising budget = medium

growth over 10 year period = 10% of market leader rival

important business statements ;


case 2 .....betfair

founders initial funding = around million.

interim funding = many hundreds of millions from many backers
current staffing = 2000

web and server upgrading budget = huge

advertising budget = huge

growth over 10 year period = 10 fold the liquidity of bedak

important business statements ;

In September 2008, Betfair introduced a "Premium Charge" for bettors whose winnings were deemed to be disproportionately high when compared to the amount of commission they pay. Specifically, members whose commission charges amount to less than 20% of their gross profits (across at least 250 markets) are required to pay the additional charge to make up the difference.[13]

Even though Betfair insisted that the charge would only affect a very small portion of its members (less than 0.5%), it attracted a great deal of criticism on its member forum and from the broader exchange betting community.[14][15] According to The Guardian, the charge has significantly changed the relationship between Betfair and its customers, as Betfair can no longer claim to be a neutral bet exchange provider "where winners are welcome" (its mantra for many years).[16]

The customers most likely to be affected by the Premium Charge are successful traders, whose repeated backing and laying at small margins results in few losses (and hence yield little commission). Backers with a particularly good strike-rate may also be subject to the additional charge.

In June 2011 Betfair announced that it will raise the Premium Charge to 60% for some customers, a move which has been met by outrage.


What we clearly have is two different types of polarized businesses types
betfair that started with little except a dream and put everything into it, massive investment
and when it cant make the projected marginal mark up from its potential revenues is forced to
create premium charges.

And betdak where the founder has no real passion to make the best exchange as he is already rich so has never given betfair any trouble at all, possibly he is waiting out for a big buyer maybe
a consortium of bookmakers to then challenge betfair to run it down so to speak, who knows perhaps there is some form of assistance from bookmakers as there has been many talks between them yet no
account of the content fueling buy out speculation.

Had betfair had more healthy competition earlier on then there would of been no chance of betfair
spending so much, in fact probably over spending and there would of been less chance of a premium charge being either needed or sustainable as a clear competitor would of purged there customer base
drastically.

So If betfair fails because it tried to hard and sold the farm then what is Desmond going to do with a site that if offered the right price he would be rid of.

It seems the whole future of the exchange model is in the balance and lets hope what ever happens
foolishness doesn't play right into the bookmakers hands at the loss of all the betting community.

And btw, you can accuse me of pedantry without fear of causing insult [;)]

*pro pc posters

I agree with catfliipo with his statements and know we dont work for each other and I detect
acquiesce12 that you are agreeing with him but defending this thread whaich is up to you its your thread mate but if you didn't let others have there say then you are acting like a bigot and you seem to intelligent to be that way at heart.
WALOFS

- You would disagree with me on each point, your ursername is a gives that away before you even type.
- please don't tell me what I am agreeing with, I completely disagree that my comment was bigoted.
-where and when have I stopped letting people have their say - incase you hadn't noticed, I'm no betfair employee - which means I don't possess the capability of restricting people's opinions here (I'm not a moderator)
-I'm now bored to tears of this tread

conclusion that someone not opposed to the pc must be a bf employee.


WHERE HAVE I SAID THAT EVERY SINGLE PERSON THAT OPPOSES THE PC CHARGE 'MUST' BE A BETFIAR EMPLOYEE FFS, I'VE SAID THAT IT'S EASY TO COME TO THE OPINION THAT EXTREMELY PRO PC POSTERS CAN BE EASILY VIEWED AS BEING BETFAIR WORKERS

I'VE JUST REALISED I'M TYPING IN CAPS AND CAN'T BE BOTHERED TO DELETE IT.

THEREFORE - IT MEANS I AM NOT BIGOTED, YOU ARE CLEARLY FISHING, WHICH MAKES SENSE, CAT'S LIKE FISH.

SERIOUSLY.

The entire basis of this thread was how amusingly easy it is for you to spot bf employees because they are obviously, and i quote, "the Pro PC Brigade, FFS".

Read it and see for yourself.

I am sure I was warned about what betfair has done by a story told as a child, when the hero of the story needed to find wealth to keep himself and his family going and greed nearly got the better of him
"jack and the beanstalk" the betfair giant is sleeping now but get what you can while you can before he comes crashing done upon us all.

bf_fanatic, considering there are many people in this forum that have your number, and I'm not talking the type of number that leads to a phone call, I wouldn't entertain your trolling comments a second further after this post as I agree with the others about you.


Cat
[i]The entire basis of this thread was how amusingly easy it is for you to spot bf employees because they are obviously, and i quote, "the Pro PC Brigade, FFS".[/u]


Don't remember saying it was "amusingly easy to spot a bf employee".
And that's right, IMO, the pro pc brihade can easily be suspected of being bf workers - it doens't take a rocket scientist to work that out. That's not to say all pro PC posters are, but the ones that are extremely PRO PC makes me even more suspicious - and it;'s just that, a suspicion.

You must be really bored to keep putting the same points across in a different way.

 
You keep insulting my intelligence by deliberately twisting the truth of my words, you know you're doing it, as it's 01:32 in the monring and I need to sleep - some of us have to work (don't tell me you;re a pro here) I won;t proceed much further - as I feel as if I've pretty much answered my points fairly and accordingly - you on the other hand - or just looking to fish, it's obvious IMO.


Goodnight Cat, I might answer any post from precisely 7pm later today

acquiesce12 goodnight and check your bed incase your sleeping with the enemy or the bogey man gets you
[;)]

Don't remember saying it was "amusingly easy to spot a bf employee".

I didn't quote you. 

The evidence is here for anyone that reads the thread and I'm happy to let everyone see for themselves - I'll say no more on the matter.

And at the risk of ruining your 7pm forum experience, yes - I work on here full time.