General Betting
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Beginning of the end for traders???
Beginning of the end for traders???
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Replies: 47
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How can it be that you predominantly offer hedging for traders?
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so taking away 30 Aussies that trade a bit but upping the commission to a max of 6.5% is starting to flow through
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Considering a good supply of races are available from many corners of the globe, why bother entertaining a country that doesn't except other types of betting being different than its own biased system, surely The ossie government wont charge or control its citizens profits form betting on out or other countries race but the message from the USA and Australis is that its betting freedoms and policies are messed up as are the majority of its males whom have faulted from the British way of behavior and self respect, strong words but true.....
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You taking the michael bf ?
"--- have faulted from the British way of behavior and self respect--- ". |
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a turnover tax that deters traders is not altogether a bad thing. traders have had it far too easy on betfair.
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^ yeah, 40% premium charge makes it far too easy
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At that level it's got to be bad for gamblers as well hazel. 1.3% of my previous turnover would equate to the commission I've previously paid so 1.5% on top of betfair's charges would see me off or, at best, restricting my bets to serious value. It will have a sever affect on liquidity even though the absence of traders generally won't.
I'd love to see it levied on the flies-round-sh1te markets though. |
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No that's a wrong move, if Betfair just withdraw from Sydney markets, Melbourne and then all States will follow because basically the clubs bookies and tote want Btfair out.
Then other countries will cite the precedent for their own turnover tax and exchange is finished and no way to recoup it's considerable expense in getting licences and setup and High Court challenges. It's simple, scrap all commission structure, PC1, PC2 and PC3 and move to a turnover commission structure. Better for Betfair, better for punters. The end for traders  |