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Exchanges for me are just one of my options
and I have no more loyalty to them or any other betting medium, be they bookmakers, spreads etc. What I have been saying all along is that I understand why the PC's have been introduced, simply because BF don't want those customers. I don't know why some people refuse to accept that. |
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Pretty sure last time you posted something like that it got deleted.
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The pc has implications beyond those who pay it. There's possible taxation, it will hardly help establish them in other countries and will deter new customers. It's no wonder they hide it all in a sea of t&c's.
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They certainly didn't want them pre PC and maybe there is
a point where they will fing them acceptable, maybe with a 75% PC. |
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Strange that they thought the sun shone out of their @rses for 7 year. There were points where the clowns raised commission for gamblers while leaving many parasites still paying less than 5% on their lifetime profits.
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i was on betfair in 2001...i would put lay bets up, even when i could get the same prices at other bookmakers, because i wanted betfair to grow...I had 50,000 shares of betfair, but as luck would have it, i had to sell at 9.60 , but i would have sold betfair shares when PC 2 came out in July (but luck save me 175k)
Their nothing special about betfair, but for the people who bet at betfair and why they bet |
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Well.. a bit off topic this:
How many percent of the '500' do you guys reckon are so called 'cheating' customers. e.g. People who win based on having an edge because of being in the arena etc. I could understand that Betfair want these customers out because these customers dont add ANY value to the website and just collect money. |
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Don't know what that percentage is and wont guess either, but I think almost everyone you call a "cheating" customer which are caught by PC2 is likely to stay.
Almost everyone caught by PC2 who are some kind of position taker, be it market makers, traders or old fashioned gamblers, are likely to leave though. So PC2 will make the best value customers leave while the "cheats" stay. |
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The best value customers aren't affected by pc2. Why wouldn't the cheats leave, Eddie?
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the best value customers are the ones that provide most liquidity
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Unless they keep to much of it
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I should rephrase that... the best value customers are those that provide the most liquidity that wont otherwise be replaced. As a group they are fundamental, individually they are inclined to cut each others throats.
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I was thinking of the best value customers among those caught by PC2, but I think you would be surprised if you knew how many really good customers for Betfair that are caught or close to getting caught by PC2.
The "cheats" wont leave because they have no better alternative atm and can continue betting with this tax as their betting is almost risk free. |
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cat the exchange market is a very competitive free market. All that matters is that prices and liquidity are competitive. That is what generates turnover and commission
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That is what generates turnover and commission and also means casual punters lose less quickly of course
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I think betfairs decision to increase the PC for high hitters is very good for the general punter. There is hardly any value these days as the big hitters manipulate the market with a lot of money. By charging them high it encourages them to leave , as a result better value for the ordinary punter( like me)[;)]
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But Eagle.
You state that certain type of PC2 payers will leave. I think hardly any PC2 payer will leave/left. The only reason for a PC2 payer to leave would be when he has actually a risk of losing or when the time invested does not justify his profits. I think neither is true for the majority of PC2 payers. I don't know how many of the PC2 payers are 'bots'. But I won't see any reason for a 'bot' to leave just because he is making less money. Any profit is profit. Also when people are talking about going purple. It looks all very well but it is obvious, as stated here before, that the PC2 payer needs 'stupid' customers and there are just simply not enough of them on purple to allow a total switch from Betfair. I am a PC2 payer and I absolutely don't like the charges but the more I think about it the more it makes sense. Sorry to say. I indeed think the so called 'eco-system' can only be maintained by charging the '500'. Not so much for helping the losers to last longer with their money, and Betfair don;t care for this either, but simply to be able to do marketing to attract new customers. When we say BF is simply greedy and cannot stand the idea of a group of customers making more money than themselves we also need to have a look at ourselves. At least I do: Betfair is an exchange and when we win we don't give a f*ck about the losing party. Now when Betfair, who have made it all available for the PC2 customers to make money with betting, changes their policy everyone gets all wound up. Shame on you (and me)! haha |
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The marketing argument would be a good one but didnt someone point out that they have actually spent less on it since the PC started?
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When I get a bet of 4K to 400 matched in a oner am I being matched with 40 recreational layers risking 400 apiece? Somehow I doubt it. I'd say a lot of the money I'm being matched with belongs to other winners who have an opposing view. Betfair may think it doesn't matter if winners go elsewhere or rap it in (in the case of traders and cheats they'd mainly be correct) but the fewer winning gamblers there are on the site the more it will affect my business. We all know they're not spending the extra money on marketing and even if they did they'd be lucky to reverse the damage. Any new` customer who shows a decent profit is in danger of having their account frozen while they attempt to link them to an existing winner. Betfair is like a closed shop now.
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You joined in Sep 2010 and you are already paying PC2? I find it hard to believe.
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Purple is a million miles away from being much use to me. I can't offer prices because I don't use bots and there is barely any turnover in the markets I bet in such that I'd more than likely only get nmatched if I offered an arb, merely offering a better price over there is not enough. If you use bots however, I dont see the problem as your bot can automatically adjust the prices so you are not offering arbs and you can hedge back on here.
It's encouraging that Feck is finding turnover in his markets but unless the operator itself is proactive in exploiting the opportunity (which I don't think it is) then I don't see momemtum building. If I was them I'd have launched an aggressive marketing campaign but I see no signs of that at all. |
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The date shown under your forum name, is the date you joined the forum, not the date you first opened your Betfair account.
I joined the forum last month, but I have had a Betfair account for five years. |
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Clydebank, No it is an old account. I guess joined means joined the community.
Feck, it is interesting what you are saying. And I ask myself the same question. But I don't think the majority of your 4k will be matched by other winners but I may be wrong. Why is it so hard to grasp that an exchange does not work when a very small percentage takes away huge sums of money from the arena? To me you can compare an exchange with a poker table with 5 players with 4 dummies and one pro. This table will only last if the dummies are replaced as they run out of money. Just stop being angry with Betfair and accept the facts :) |
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sure Howarde it is possible but someone betting to the extent that they are paying PC2 would in all likelihood have not waited years to join the forum
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Howarde, I have quite some accounts and this one is my GBP account. I have been with Betfair about 10 years. But having said that. I have become a PC2 customer in just a year. I used to win hardly anything before the last 12 months.
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You are most likely correct CLYDEBANK.
Maybe its FAFH making a belated return. |
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Hey guys,
I am Romortio, this is my older account.. I am not somebody being undercover or something dont be so paranoia |
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This table will only last if the dummies are replaced as they run out of money.
Correct, but is setting heavies on the winners or allowing winners to use marked cards a viable way of attracting new dummies. |
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Oh not.. haha well anyhow.. Just trust me :)
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Fair enough romortio, it's part of the territory now, bookmaking in general and Betfair has become a culture of paranoia in the last 18 months. If you have achieved what you say you have achieved in the last 12 months a year later you'd have probably had your account suspended by Betfair.
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Betfair 200 Brighton Total Matched £32003*
Purple 200 Brighton Total Matched £24357* 75% of Betfair Turnover with 50% of Commission Rate Purple place is certainly gaining liquidity, more & more people going to switch especially if you can halve your costs. * Figures Taken at 12(midday) |
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Feck, Well, you see a small number of punters outsmarting 99% of the players for 10 years. You come up with the idea of marked cards. This is to me exactly what happens. PC2 players do have marked cards, anyhow I do. The whole idea that you can win with betting is obviously wrong. You can never win assuming the bank takes a certain commission and the odds are correct. The majority need to be unaware of this in order for the 1% to take all the money. You can say it is different than having marked cards but to me it is the same. You know something they don't and make advantage of it.
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cliveboy they have a different way of calculating turnover.
Take a look at the 2.00 place market.....total matched on **** is £9!! |
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Clydebank, It is actually true that BF suspends accounts? What reason do they give?
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romortio, as far as most PC2 payers go, betfair give them the marked cards. If I ran betfair I would think the way forward was to allow only fair decks to be used. Betfair's preference is to allow them to continue with the marked cards and take a large slice of the action off the winners. They don't give a sh1t about the dummies.
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They'd probably suspend your account romortio because you didn't win for ages then you suddenly won loads. They'd think someone else was betting on your account and you were acting as a "front" to avoid PC2.
Do they suspend accounts? Yes |
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That's the culture of paranoia that now exists. Any existing or new customer that works out or works hard to win, probably/maybe/possibly (how the hell would I know) has a shadow hanging over them. Your account romortio, I imagine, would have been viewed as highly suspicious had you achieved what you say you have achieved since PC2 was introduced.
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Clydebank,
Actually I am good terms with Betfair. They are very aware I haven't had winning accounts before. I wouldn't blame BF either for suspending accounts from people refusing to apply to the terms and use new accounts. |
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romortio have Betfair grouped your accounts together? should you be paying PC2 at all? Why would Betfair be "very aware" you have losing accounts before like you have some kind of personal relationship? There are a million? accounts on Betfair why would they be very aware of yours? When you say you are on good terms do you mean they came round for tea and biscuits?
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romortio not all pc payers have marked cards like yourself. I know from my own experience that any punter with half a brain can pay PC2/3. The reason I am paying 60% charge is because I was encouraged to green up in the early days and stayed doing that. Betfair's new "cash out" encourages greening up, so Betfair are still encouraging a pattern of betting that can lead to PC2/3. Having said that(with respect) anyone regularly using Betfar's "cash out" will not have half a brain.
I do not mind paying a fair price in charges for my betting, but I do not think 60% is a fair price. It has forced me to change my stratgey and no longer green up, but because of the 60% charge, I have to do my betting elsewhere. |