ok your charges are high - but how much have you profited compared to the average mortgage payment?

andyl - I'm aware of what liquidity is thanks, - but you can't have your cake and eat it, a business is a business - it's main aim is profit - the PC was designed to increase company profit so individual sob stories are not of interest to them to be honest.

but lets face it over 90% of betfair's customers lose.....and the less than .5% who win decent money consistently now form a large % of betfairs overall profits....

the only difference now between betfair and a bookie is that bookies restrict or ban succsessful customers betfair just takes a nice slice of their earnings

it's irrelevent....betfair moved the goalposts recently....until then i never paid anything in pc because i generated too much commission....now i am being penalised just becaused i have earned more than 250k in my lifetime but over 7 years that works out to be just over 30k a year....betfair management has lost the plot doing what it did with pc2....and maybe it has killed itself time will tell

True, they took a big risk by biting the hand that feeds them, but looking at the aftermath - the big players are still hungry and are still feeding.

Is 20%, or even 40%, not a good deal for most when you consider betfair supply the mugging facilities, the mugs and pay off the "law"?

Feck N. Eejit
13 Dec 11 17:01 Joined: 10 Jan 02 | Topic/replies: 6,144 | Blogger: Feck N. Eejit's blog
Is 20%, or even 40%, not a good deal for most when you consider betfair supply the mugging facilities, the mugs and pay off the "law"?

Is 40% a good deal for you, feck?

Unadulterated greed.

But they, or more correctly those who harboured ambitions of a huge flotation, weren't happy with the small profit margins from the exchange and wanted to screw punters for more and more.

Why do you group traders and cheats as almost one and the same?

I don't but they're the reason I'm on 40% and will probably be taxed at some point in the future.

Isn't proxima centauri the nearest star to us after our own sun?

wow that's brilliant.




Feck N. Eejit     13 Dec 11 17:56 
No M_S. The sins of the cheats and traders have been visited upon the straight players. 40% would be perfectly acceptable if the site was gambler orientated but as it's run for traders and cheats it's too much.

why are you here?

I don't know about anybody else, but in this " friendly" exchange between feck and dlarssonf, I can't exactly work out who is saying what to whom.
But does it matter ?

The guy who invented the pc, used to be on here, went by the name of "bot".

Brean Corcoran, who had the top job at a bigger, faster-growing bookie, is joining bf; and that can only be b/c he sees the exchange model, properly marketed, as having better growth prospects.

The only reason for this in turn is that it can offer market-efficient prices. Supposing that markets evolve towards an equilibrium relatively quickly this means that volumes drive company profits at an exchange.

The current people at the top of bf do not see price as the driver that will help them attract more customers (or do not see it clearly enough). They are more interested in cross-selling non-core products to customers and getting a greater share of customers' betting pound.

We have to hope that Corcoran improves things for the marginal (say breakeven b/f comm.) punter, so that everyone who takes something from the exchange (the operator, winning punters, hedgers) can benefit again from a healthy ecosystem.

I read this  on another forum  - rather interesting view from BDQ Towers ,but surely if both BQ and BF lock horns for business there would be something akin to a price war ?


What is the comhttp://centrecourttrading.blogspot.com/pany's attitude towards those who might win consistently?


We prefer to look at whether a member’s activity is positive or negative for the exchange ecosystem as a whole. Positive behaviour such as liquidity generation can be rewarded with lower commission rates and negative behaviour discouraged through higher charges. That’s how we approach our API charging and it has nothing to do with winning or losing.



What are the company's general thoughts about the Betfair Premium Charge and is it something that you would say will never happen on ****?


We love the Betfair Premium Charge as it has given our business a big boost! Seriously though, we believe charging should be about contribution to the exchange as a whole and not about winning or losing.

Are you saying that the changes to the pricing structure were not well thought through?

frog, if pc were given back to losers in the form of ring-fenced seed money that bf just wrote off as an absolute loss a la sporting options , I wdn't hate the principle of pc so much, but I believe it's just used to boost the bottom line.

I was describing pc as an intervention in pricing--by implication bf make it more expensive to play for the pc payer, forcing them to take on a greater margin of safety and thus give worse odds to the casual or opinion player. In horseracing, the sport for which the betting shape of the events shd give bf their best opportunity of being best price, turnover seems if anything to have fallen away. That is, punters are leaving bf to bet (or spend their money or save) elsewhere. This suggests to me that the modifications to pricing effected by the pc are having an adverse effect on the company's competitiveness. (This seems true in principle even if the vast bulk of money matched on the horses is surely between counterparties and a very small handful of tiny-margin near-off 'books').

My thinking on price-offerers were that they enhanced the betting experience of casual bettors by giving a fine spot price. If offerers are filled in more often, they can afford to win at a worse rate, and they're further unlikely to be following momentum strategies.

Scott Fergusons blog on this mess
http://www.sportismadeforbetting.com/