We want to share an important update with our Betfair Community users.
Over the coming months, the Betfair Community platform will be winding down. The final active day for the platform will be December 21st. From December 22nd, users will no longer be able to access the platform.
Your discussions, insights, engagement, and, most importantly, feedback have helped shape the platform and guided innovation. Your feedback continues to be important to us, and we will continue to listen via our dedicated feedback channels, as well as through product testing and innovations.
To share your feedback and experience, visit: https://support.betfair.com/app/home
General Betting
Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
Does anyone know?
Show More
There are so many questions regarding fixed odds, that I think it could be their worst move ever.
Additionally, is it the death of the exchange SP product?
They must offer Best Odds Guarantee or Top Fluctuation to have any hope of being competitive.
Additionally, is it the death of the exchange SP product?
They must offer Best Odds Guarantee or Top Fluctuation to have any hope of being competitive.
I would have thought with horses they will still offer the betfair SP product. Cannot see them offering any kind of fixed odds on horses to a decent stake as they would get crucified. Isn't this more of a fixed odds sports betting product they are going to offer?
Its an interesting move by the company as betfairs monolithic success has been taking commissions and charges from winning customers only, to enter the general bookmaking game in the search for easier profit will certainly damage any advantage they have enjoyed as a purely sporting exchange that has enabled them huge popularity with punters and the press and released them from over taxing or charging from governments and originations.
One wonders just how taking industry type risk on as a major layer will make betfairs limited
options work as they cant simply charge winners if taking on huge potential risk from advantaged customers, possibly they could cap the stakes which is really the correct policy instead of banning regular winners and it would be prudent to keep this sites accounts separate from the betfairs main site to keep thinks separate and simple for punters using both sites as both forms
of betting are completely different and integration will be dangerous on top of recent
premium charge fiasco unless you want to completely destroy customer relations for good just in the hope of ever increasing profit margins which would spoil the progress so far made by the betfair revolution.
One wonders just how taking industry type risk on as a major layer will make betfairs limited
options work as they cant simply charge winners if taking on huge potential risk from advantaged customers, possibly they could cap the stakes which is really the correct policy instead of banning regular winners and it would be prudent to keep this sites accounts separate from the betfairs main site to keep thinks separate and simple for punters using both sites as both forms
of betting are completely different and integration will be dangerous on top of recent
premium charge fiasco unless you want to completely destroy customer relations for good just in the hope of ever increasing profit margins which would spoil the progress so far made by the betfair revolution.
what a nonsense. one could read this ten times and still not extract anything
just words in a vacuum. freedom of speech is exhausting
just words in a vacuum. freedom of speech is exhausting
I'd lay you that bet any day of the week Eddie. Reckon no is fave myself.
fixed
28 Jan 12 04:24 Joined: 11 Apr 06 | Topic/replies: 59 | Blogger: fixed's blog
what a nonsense. one could read this ten times and still not extract anything
just words in a vacuum. freedom of speech is exhausting
Never has a nail been hit so squarely on the head.
28 Jan 12 04:24 Joined: 11 Apr 06 | Topic/replies: 59 | Blogger: fixed's blog
what a nonsense. one could read this ten times and still not extract anything
just words in a vacuum. freedom of speech is exhausting
Never has a nail been hit so squarely on the head.
It wouldn't be it past them to have genuinely no idea that form students cannot get on at bookie/SIS prices and can't get on with them in the morning w/ their tumbelweed markets.
They will be in a dicey position if they have to start banning people from their fixed odds product.
They will be in a dicey position if they have to start banning people from their fixed odds product.
My expectation is....................
All that they will offer is a lower derivative of what is available on the exchange and then only in "safe" markets. More than likely any matched bets will be arbed straight back onto the exchange.
All that is happening is that they are bringing back a failed product to a wider audience hoping that a wider audience can make a failed product a success.
A load of bojangles basically
All that they will offer is a lower derivative of what is available on the exchange and then only in "safe" markets. More than likely any matched bets will be arbed straight back onto the exchange.
All that is happening is that they are bringing back a failed product to a wider audience hoping that a wider audience can make a failed product a success.
A load of bojangles basically
^^
I think that too, one reason is I think they want more customers as they have been trying to promote "trading"/backing&laying and explaining it so much and also offering the "cash-out" on their mobile site to try and make it easier for people who just refuse to bet on here because they find it complicated/cannot be bothered trying to figure out the site and thus they have decided to try and be more like a "bookie" in the hopes of catching customers that would normally only bet on fixed odds etc.
I think that too, one reason is I think they want more customers as they have been trying to promote "trading"/backing&laying and explaining it so much and also offering the "cash-out" on their mobile site to try and make it easier for people who just refuse to bet on here because they find it complicated/cannot be bothered trying to figure out the site and thus they have decided to try and be more like a "bookie" in the hopes of catching customers that would normally only bet on fixed odds etc.
I think CLYDEBANK is correct and that's why it will count towards Premium Charge.
What a truly fascinating question too put forward as it asks if a revenue control mechanism like the premium charging will be enforced or encouraged when betfair deviates from its commission only roll that has served it well into a major "layer" and exposes itself to higher degrees of risk from " advantaged bettors".
One can understand why betfair would want to have books for those that prefer the fixed odds or traditional odds type betting and find the exchange too complicated , more so when using mobile apps with limited screen real estate for complex exchange activity as opposed to a simpler format.
The downside to having traditional books will be the effect on the "betfair ethos" if betfair resort to traditional control methods to avoid winning customers when taking them on at a risk level. One would hope betfair will find some sort of thoughtful way way to deal with the potential problems and perhaps stake capping is the best way to go with certain players that may look to using the books instead of the exchange to find volume and liquidity, this surely is a much better practice than simply closing valuable exchange players down which would then leave betfair with a disadvantaged exchange open to competition from rival new and existing exchanges.
Lets all hope that betfair do what all good business developers do and think ahead before major problems occur that can have fiscal downsides or even product prestige destruction as betfairs core exchange is a golden goose that should never be put at risk.
One can understand why betfair would want to have books for those that prefer the fixed odds or traditional odds type betting and find the exchange too complicated , more so when using mobile apps with limited screen real estate for complex exchange activity as opposed to a simpler format.
The downside to having traditional books will be the effect on the "betfair ethos" if betfair resort to traditional control methods to avoid winning customers when taking them on at a risk level. One would hope betfair will find some sort of thoughtful way way to deal with the potential problems and perhaps stake capping is the best way to go with certain players that may look to using the books instead of the exchange to find volume and liquidity, this surely is a much better practice than simply closing valuable exchange players down which would then leave betfair with a disadvantaged exchange open to competition from rival new and existing exchanges.
Lets all hope that betfair do what all good business developers do and think ahead before major problems occur that can have fiscal downsides or even product prestige destruction as betfairs core exchange is a golden goose that should never be put at risk.
I really hope they do more than a betchronicle... They've wanted more profits than a pure exchange system can provide for a while now and it runs contrary to the culture that set the company up.
The Betfair fixed odds site will work in the same way as Betchronicle. There will only be a back button and all odds and liquidity will be taken directly off the exchange. For example if the exchange is offering odds of 2.00, the fixed odds site will offer 1.95 because no commission is charged on the fixed odds site. No one will be banned or limited and winners will be welcome. And it's 1.01 that profits will count towards the premium charge.
So who is actually (effectively) laying on the fixed odds? Betfair or the guy who is laying on the exchange?
Will betfair simultaneously back the 2.00 themselves and lay the 1.95?
Will betfair simultaneously back the 2.00 themselves and lay the 1.95?
It will depend who the layer on the exchange is. If the shrewdies are trying to back then betfair will take the lay and lock in a guaranteed profit while pushing the odds away from the shrewdies. If the shrewdies are trying to lay betfair will probably choke the bet themselves. Another finger lickin nausea from the ex-city boy wonders.
Hmm. I would have thought it has to be automated.
If you are paying premium charge you are by definition being limited with the added disadvantage that you could get screwed by sequential results.
As you describe it JHENIN, you will be paying 5% commission on all bets, you cant lay or back the field, you can't lay full stop (unless you back everything else), you cant trade and you cant obtain market maker advantage. I'd be pretty confident that's how the majority of premium charge is collected. That does not make it 1.01 that premium charges will apply.
That said if they offer all markets instead of just safe markets and dont apply premium charges, then it skews the market in favour of taking prices instead of offering prices (which is why **** is fooked and why the exchange system is a natural monopoly)
As you describe it JHENIN, you will be paying 5% commission on all bets, you cant lay or back the field, you can't lay full stop (unless you back everything else), you cant trade and you cant obtain market maker advantage. I'd be pretty confident that's how the majority of premium charge is collected. That does not make it 1.01 that premium charges will apply.
That said if they offer all markets instead of just safe markets and dont apply premium charges, then it skews the market in favour of taking prices instead of offering prices (which is why **** is fooked and why the exchange system is a natural monopoly)
Hmm. I would have thought it has to be automated.
It will be.
It will be.
Post Your Reply
Please login to post a reply.
Wonder
Instance ID: 13539