General Betting
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1% road to fortune
1% road to fortune
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betfair is the fresh air, oxegen rich to gambling online that america is the nerve gas too, if you wqant to observe corporation control that markists wanrded everyone about then cast your eyes across the pond, and no I am not a communist, just a realist.
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They must have more than 80, it was a terrible report, probably payed for by eight-eight-eight the only american betting company to gain exclusive rights to on-line gambling, casino owned of course.
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*in the states
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catflaqpo 11 Dec 11 19:15
As someone who is prepared to defend at least the principle of the pc I am disappointed to learn that bff has changed camp again. I will never agree with your stance on PC - but you made me laugh with this  |
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Just need a contribution from FINE AS FROG HAIR now for this thread to be classified as well and truly ****ed up.
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betfair will never work in the states because the american goverment never asking the public in the first place if there was a problem with online gambling put the ban in place with no public referendum ior concent, meanwhile its common knowledge that for many years big casino giants have blocked every other form of gambling off-track other than there own casinos and even own a lot of the racing tracks they install casino machines in and run it as a poor relation to there casino operations, even sposoring the demise of greyhound racing with there own web-sites taking part in the affiar.
Greed is the enemy of all cultures. |
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Just spotted frimpong loitering on the Forum.
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one hopes that bookmakers are never allowed to sway power in this country the same way as casinos do over there.
power has to lie at the hands of the elected goverment and inline with common policies of fairness. |
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catflaqpo • December 11, 2011 7:15 PM GMT
The premium charge has nothing to do with bots or data usage which have already been tackled by the transaction and data charges. Pc is aimed directly at users who pay only a small amount of commission relative to their profit. Of course, some of these may be bot users. OK Cat. Why does The amount a bettor pays matter more then the percentage he pays. Scrap the ridiculous BF points, everyone pays 5%. I make 1,000,000, pay 5% or 50,000. Someone else makes 1,000, pay 50. We both pay 5%, isn't that fair ? If the million maker uses way more resources then others, make him pay for the resource usage. This person may be running a 24/7 trading bot. But, if this person is just a skilled bettor, why should he pay more then 5%. Just because he paid more ? Do millionaires pay more for a pizza then someone making considerably less ? That millionaire will probably be paying more tax to the government, but we're not comparing the same things. The PC is like a tax on the rich. Why does that apply to BF ? The more taxes rich people pay go towards the betterment of society, the PC goes towards BF only. One day BF will get bitten in the ass for the PC. |
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perhaps fairness has to be looked at in perspective and relative to the conditions involved, charging is much fairer than banning and the only real alternative to a company that does rely on a fairness ethos to all users.
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if you dont win mega-bucks then you get the best deal on the planet in terms of a betting product, if you cream off the revenues then you pay more for your easy-tax free existance in this country as a professional gambler.
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seems fair to me.
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Why does The amount a bettor pays matter more then the percentage he pays. Scrap the ridiculous BF points, everyone pays 5%. I make 1,000,000, pay 5% or 50,000. Someone else makes 1,000, pay 50.
SS, I agree with your wievs on PC, but that statement is just ridiculous. |
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win the lottery in the great usa and straight away you pay 28% tax, over here we are very fair you dont pay on windfalls like gambling, these big bot operators are draining your cash away tax free, money betfair pays to get in the system via multi-million promotions and advertising.
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how many bots are able to jump on board hms betfair, tax free operators draining the coffers out of all your accounts, now the tables are turned not just in betfairs favour but via service enrichment and company success back to all customers, case closed on the importance of the correct charging but not case closed on the arguements alas.
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the arguements will go on and on, no doubt.
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Eddie the eagle • December 11, 2011 7:44 PM GMT
Why does The amount a bettor pays matter more then the percentage he pays. Scrap the ridiculous BF points, everyone pays 5%. I make 1,000,000, pay 5% or 50,000. Someone else makes 1,000, pay 50. SS, I agree with your wievs on PC, but that statement is just ridiculous Why is that ridiculous ? Why can't everyone pay 5% ? The PC is based on how much a person makes, how much he makes shouldn't matter, unless 'he' is really a resource hogging bot. How about scrapping the PC and going to a sliding scale like income tax. I believe that is what BF is trying to do with the PC, but their way of figuring it out is way too complicated. |
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Still Standing,
First of all you must realise that the charging structure is designed to maximise betfair's profits rather than to be fair. It would be very simple to implement a fair charging system but not without hitting profits. Maximising profits isn't simply charging as much as possible it's about encouraging the kind of activity they make more money out of and discouraging that which they don't. Hence the commission discount, transaction and data charges, and premium charges. All customers are valuable provided they are paying enough compared to the amount that they take out and the resources they consume. My second point is that there are different ways of looking at fairness. Before pc it was possible for player's A and B to both make 100k gross a year with player A paying 60k commission and player B 5k just because of their different styles of betting. Now it's 60k vs 20k which seems fairer to me. |
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SS, it's ridiculous because a flat 5 % commission would drive away Betfairs biggest/best customers.
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Getting back to Spalding... making 1% of $100 is one thing, making 1% of 10K is a very different business.
I struggle to make 3% weekly. |
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It's also still possible for player A to have $1m of bets and player B to have $50k of bets, and both pay the same amount of commission.
I'll always believe in turnover being the measure, not profit. It's not Betfair's business who profits (other than themselves, which is fine obviously) |
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lets face it, if the marginal excahnge model that we all enjoy has to find some dough to survive, better they take it off the super-rich winners on betfair that dont currently pay a penny in taxes, they can afford it, they could probalby buy us all a cigar on what they have made
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Lori, is that what you'd like to see as a user or something that you'd take to the board if you were CEO? (or both [;)])
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I bet none of you wont get a christmas card off any of the big winners on betfair even though its all of us that have
made them rich along with betfair supplying the market and services. |
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Got to feel sorry for the new lad who's started a thread and you clowns have hijacked it rattling on about pc......again
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Both fwiw.
I believe it's fairer and more obvious. In terms of how it would impact me, I suspect (assuming they did it to make exactly the same profit they do now, which the wouldn't) I'd be about the same off as I'm in the middle ground of position taking and trading. It would solve the complaint that betting on longer events with more bets has less commission and would remove the rather arbitary charge currently in place. |
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Get in...
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When the new lad wins 146 grand and they take 80 of it, he'll be interested in the debate
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lol. good point lori, wheres froggy we need his posts to really skyboot this thread lol
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I agree it is fairer and more obvious Mr Lori, but we the board want to know how it will benefit us.
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I'm not a shareholder btw before anyone asks
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It'll remove the perception that there are ambiguous/unfair charges if you start winning and it'll create a slightly wider spread for the board to put their own commission free bets in.
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maybe SS should aim at 2% instead so that he may better pay the mighty rome in taxes
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to say betair are only nippers in age compared to other firms, they do seem to have everything wrapped up.
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When the new lad wins 146 grand and they take 80 of it, he'll be interested in the debate
fair point but can you see it happening? |
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just wish this site was as blessed with good data and write-ups as the racing post, surley the racing post is the best web-site for gamblers in terms of product service, i remember buying the first copy all those years ago.
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Lori, your fired!
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lol
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