General Betting
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28% people on here make money
28% people on here make money
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Replies: 66
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I can think of about 5 good reasons - surprised it is only 28% to be honest.
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For starters...........
1) all the bonus wh0res that BF have thrown £30 each at (before they disappear never to be seen again) 2) any (now) dormant account that (when active) played in an Oz market - got credited £2.43 because the Oz regulators have a spine and unlike their cousins in the UK, they don't like to see their citizens robbed I would imagine those two factors alone would make up a very considerable % of "profitable" accounts. |
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2) would only make profitable accounts whose lifetime p/l was in between -2.42 and 0. Not that many, I would guess.
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Magician-I am afraid the figure quoted was as I said (4% of core revenue) with no parameters given for how this figure is made up and over what period it was taken from.I admit I thought £13 million would be on the low side.
On a completely different thought-is there any mileage in a social network promoting a betting exchange as part of its portfolio do you think? I know America and other markets might be outside present regulations but these might change in the future and think of how many users at a stroke would be enabled into the exchange.Maybe the thought is ten years too early but can see it happening one day. |
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bonus ****s
 I would like to see figures such as the % of people who have a 5 figure lifetime profit +, less misleading. |
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TheManIsAGent 16 Dec 11 17:32
For starters........... 1) all the bonus wh0res that BF have thrown £30 each at (before they disappear never to be seen again) _______________ Thank you  |
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...and there is your answer .
It's a great advertising point (or maybe not ) depending on your point of view  |
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Cat - It said 28% of the punters on its exchange made an overall profit in the first half.
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These statements are always just smoke and mirrors - the lack of depth and the lack of any definitions make it impossible to actually ascertain any facts.
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Oh I see, you think the figures include dormant accounts?
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who givz a fyk ?
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Magician, even your 28m figure feels low to me. I wouldn't be surprised if the figure was 40m plus.
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Cat - given their definition of "active" - yes. I would imagine that they have included many accounts that are technically dormant accounts in the 28% figure.
Re - the bonus hunters - I assume you are aware that you can lay on BF? (just about their only remaining USP) - Are you not concerned that for every sign up offer that any other firm advertises (there are 100's of them) there is a good chance that it is subsidised by BF (or more accurately subsidised by existing BF customers - via commission and charges), when the bonus hunter offsets their free bet by laying it back with their free bet on here? So we have a site that permits laying, with a sign up bonus as its most imaginative strategy for growth, against a backdrop where every one of its competitors offers a free bet as a sign-up bonus. BF must be responsible for pretty much all of its competitors growth. It is comedy gold. |
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The funniest bit being that you don't seem to mind paying for it.
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I rarely speculate on here ,but i see the whole figures like this .... feel free to add your own disagree /agree .
I have used the all time figure of 3 million from various sources including wiki -ansd ahve used the now famous 2004 0.71% figure as a guideline. Here goes. Betfair - all time customers - 3 million (of which ) 1m - Hit and run bonus baggers 1m - Bonus used ,lost and returned infrequently 1m- Bonus used and continued for a while ,most dropping out over the last few years. Active accounts 2011 (including new accounts opened in 2011) 400,000 (?) Bonus baggers -50,000 (outright) Bonus and continued to varying extent -100,000 Existing active customers - 250,000 Total for 2011 - 450,000 of which were winners 28% - 126,000 (100,000 of which were baggers -OR new players still with a positive profit in their account/some almost dormant) Existing active customers - 250,000 26,000 other winners 19,000 borderline winners (players winning status may vary year to year ) 5,000 in profit between 2k-15k 1,000 in profit between 15 - 30k 1,000 in profit over 30k |
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Bonus and continued to varying extent -100,000 -
should read 150,000 |
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i may be way out ,but i'm guessing the turnover for a gaming site is huge with a high drop out rate
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any newbie can double their money when they 1st join by getting free 25 and therefore in profit
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Well spotted Chris
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28% make a profit and less than 1% make a living wage -
a bit like working for the government really |
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Coach - do you remember the "free money" fiasco from one of the penny pinching websites on that First Goalscorer market?
I wonder how many of those new accounts are still active. |
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TheManIsAGent - They got compensated for that too if i remember rightly - a funny thread at the time ,that market has been changed too
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Yes - remarkably, I think they got their money back.
Major meltdown on their forum when it dawned on them. Probably sticking to cutting coupons out of newspapers now imo. |
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Can there be so many people betting just once to get the bonus?
I'm not sure, either, that so many people understand the mechanics of backing with a bookie and laying off on here. When I've tried to explain it to my mother, she said 'you bought at 8 at the bookmaker and sold at 7 on the exchange, you've made a loss'. Even when I tried to explain it to her in terms of percentage chances she didn't understand. Bf's prob. is that their losers tend to be small and a significant no. of their winners are big. (Rather this becomes a prob. when they winners win too often). To get the losers betting in larger denominations, they have to win more often--but this imposes a smaller margin on the operator in terms of the comm. structure they put in place. Of course transations shd have been priced from the outset so that if you're losing historically, you pay less comm. There cd have been some compensation for providing volume inside of that. |
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1 million seems a lot askari , but some of these will be from a non betting background- simply signed on my mates and all over the world too.
Do you remember the 'sign a mate' cards that BF used to send in the post and the potential paybacks? |
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askari1 17 Dec 11 16:01
Can there be so many people betting just once to get the bonus? I'm not sure, either, that so many people understand the mechanics of backing with a bookie and laying off on here. There are dozens of websites and blogs that advocate this and they also provide full guidance on the mechanics. No doubt some will get caught up in it and go on to give back their "free money" and some more (which I would imagine is the idea) - but does it cost in? Personally I very much doubt it. As I said earlier, imo BF (due to the sites laying capability) will almost always be part of the equation for the free money merchants, so are funding growth for their competitors. Sharp minds. |
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TheManIsAGent
Date Joined: 15 Dec 11 Add contact | Send message When: 17 Dec 11 11:41 Joined: Date Joined: 15 Dec 11 | Topic/replies: 26 | Blogger: TheManIsAGent's blog Cat - given their definition of "active" - yes. I would imagine that they have included many accounts that are technically dormant accounts in the 28% figure. Re - the bonus hunters - I assume you are aware that you can lay on BF? (just about their only remaining USP) - Are you not concerned that for every sign up offer that any other firm advertises (there are 100's of them) there is a good chance that it is subsidised by BF (or more accurately subsidised by existing BF customers - via commission and charges), when the bonus hunter offsets their free bet by laying it back with their free bet on here? So we have a site that permits laying, with a sign up bonus as its most imaginative strategy for growth, against a backdrop where every one of its competitors offers a free bet as a sign-up bonus. BF must be responsible for pretty much all of its competitors growth. It is comedy gold. We're only subsidising people that get free bets on Betfair, not with any other bookie. The people laying off on here will probably be losers as a group (on betfair) as they will be paying the spread. |