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frog2
24 Jun 13 16:24
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Date Joined: 01 Feb 08
| Topic/replies: 4,229 | Blogger: frog2's blog
Usually out at the end of June but cannot see anything about it on their corporate website. Anyone know if we find out this week how they are doing? I think I heard them say in May there would be the usual detailed breakdown of the numbers this month.

Share price has been just over the £8 mark for a while now.

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Replies: 53
By:
rcing
When: 24 Jun 13 16:35
thursday i think
By:
frog2
When: 24 Jun 13 16:54
thanks
By:
The Magician (100)
When: 24 Jun 13 20:38
what me to put up their betting income early?
By:
john23
When: 24 Jun 13 20:50
I reckon they could be tasty - stock holding up well whilst most indices have been taking a bashing.
By:
Do wah Diddy
When: 24 Jun 13 21:23
I WAS GOING TO BUY SOME SHARES IN BETFAIR ,BUT JUST LIKE WITH THE BETTING MY OFFER PRICE DIDNT GET MATCHED
By:
Llamedos
When: 24 Jun 13 22:59
RNS Number : 7842G
Betfair Group PLC
11 June 2013




Notice of Full Year Results

Betfair Group plc will announce its results for the year ended 30 April 2013 on Thursday 27 June.

A presentation for investors and analysts will be held on the morning of 27 June and a webcast of the event will be available on our corporate website: 

http://corporate.betfair.com/investor-relations.aspx
By:
frog2
When: 24 Jun 13 23:09
The Magician (100),

Any forecasts you have would be interesting.

Your new venture looks interesting also.
By:
The Magician (100)
When: 26 Jun 13 18:17
FY    Q    Soccer    Tennis    Golf    Cricket    Horse Racing    Greyhounds    Basketball    Other    Totals   
2007    Q1    1197411651    1918055432    121219378    197626828    2690516177    67621468    61665205    274867244.6    6528983383   
2007    Q2    2160045974    1571290122    75393008    507678688    2406689641    70505901    55666899    415471263.8    7262741497   
2007    Q3    2522408509    705175261    34234604    226858954    2373839237    87386188    214257502    522482007.4    6686642263   
2007    Q4    2857278594    1178521737    86043351    278326374    2830624872    104759555    174277876    298214964.2    7808047323    28286414467
2008    Q1    1969809675    2206564792    116111658    424562346    3177976090    103916588    88966028    288457920.9    8376365098   
2008    Q2    2758569286    1512326653    88948887    206750281    2630970801    109729085    27314153    466213111    7800822257   
2008    Q3    3394127438    861296513    28153536    229208616    2471598785    133610612    278920900    556647775.3    7953564175   
2008    Q4    3560559578    1726674691    78367183    348751495    2921859037    143005621    235361705    330989376.9    9345568687    33476320218
2009    Q1    2000702871    2722394337    107455930    735688208    3358059331    136952215    114033606    307631514.6    9482918012   
2009    Q2    3654873014    2047267800    95948025    729110503    3083618944    154036835    100285182    337919267    10203059569   
2009    Q3    3858652022    1209224559    39245848    343668017    2452581181    157279463    307225918    561571010.9    8929448019   
2009    Q4    4304515712    1763430813    88198817    668980811    2948718965    173922933    256775531    364878035.3    10569421617    39184847217
2010    Q1    4134617606    2922419691    111129651    680437978    3390960404    165364336    129244328    334718000.6    11868891996   
2010    Q2    4000486208    2688743024    116517256    509346354    2990388151    167863545    116901700    334052138.9    10924298377   
2010    Q3    5140078769    1372035486    39592197    560060765    2564412136    174717794    405951651    528824068.5    10785672867   
2010    Q4    4672673260    2168936370    93658125    1433958401    3112307385    159095497    292723888    294036003.5    12227388930    45806252169
2011    Q1    2876475206    3866535047    125060787    1143431976    3676083819    160300605    133521078    317852656.1    12299261175   
2011    Q2    4459951372    2957665262    74857545    1082593026    2997488215    156749526    103864141    381724536.6    12214893624   
2011    Q3    4768528655    1673553964    37495458    784716138    3180017774    187752834    254554155    521224893    11407843871   
2011    Q4    5476048998    2440378852    104891397    1577114613    3258765459    209866670    303681881    281881390.1    13652629260    49574627930
2012    Q1    3754282409    4108939640    110771898    1452773152    3347978510    178598362    174599173    309114653.7    13437057797   
2012    Q2    5107003922    3293877821    95729983    1568926183    3136931131    159745303    43106968    361663762.2    13766985073   
2012    Q3    5331921490    1358121026    37801052    1323839114    2813670680    158104780    398284259    542210128.8    11963952531   
2012    Q4    5046271711    2576775659    96885877    1948623131    3084166462    142296862    289886309    286384813    13471290824    52639286225
By:
frog2
When: 26 Jun 13 19:21
Any chance of using your magic to split that between inplay and preplay?
By:
The Magician (100)
When: 26 Jun 13 20:23
yes... can do that for tomorrow

I will also add later tonight the exact commissions for each sport generated on these numbers.

if I recall

soccer multiple by 78/10000
racing 88/10000
all others (on average) 24/10000

the final multiple should be 61/10,000 th roughly...

but these are from memory of from last year, will try and cofirm them later tonight
By:
Escapee
When: 26 Jun 13 21:42
    FY        Q        Soccer        Tennis        Golf        Cricket        HorseRacing        Greyhounds        Basketball        Other        Totals           
    2007        Q1        £1,197,411,651        £1,918,055,432        £121,219,378        £197,626,828        £2,690,516,177        £67,621,468        £61,665,205        £274,867,245        £6,528,983,383           
    2007        Q2        £2,160,045,974        £1,571,290,122        £75,393,008        £507,678,688        £2,406,689,641        £70,505,901        £55,666,899        £415,471,264        £7,262,741,497           
    2007        Q3        £2,522,408,509        £705,175,261        £34,234,604        £226,858,954        £2,373,839,237        £87,386,188        £214,257,502        £522,482,007        £6,686,642,263           
    2007        Q4        £2,857,278,594        £1,178,521,737        £86,043,351        £278,326,374        £2,830,624,872        £104,759,555        £174,277,876        £298,214,964        £7,808,047,323        £28,286,414,467   
    2008        Q1        £1,969,809,675        £2,206,564,792        £116,111,658        £424,562,346        £3,177,976,090        £103,916,588        £88,966,028        £288,457,921        £8,376,365,098           
    2008        Q2        £2,758,569,286        £1,512,326,653        £88,948,887        £206,750,281        £2,630,970,801        £109,729,085        £27,314,153        £466,213,111        £7,800,822,257           
    2008        Q3        £3,394,127,438        £861,296,513        £28,153,536        £229,208,616        £2,471,598,785        £133,610,612        £278,920,900        £556,647,775        £7,953,564,175           
    2008        Q4        £3,560,559,578        £1,726,674,691        £78,367,183        £348,751,495        £2,921,859,037        £143,005,621        £235,361,705        £330,989,377        £9,345,568,687        £33,476,320,218   
    2009        Q1        £2,000,702,871        £2,722,394,337        £107,455,930        £735,688,208        £3,358,059,331        £136,952,215        £114,033,606        £307,631,515        £9,482,918,012           
    2009        Q2        £3,654,873,014        £2,047,267,800        £95,948,025        £729,110,503        £3,083,618,944        £154,036,835        £100,285,182        £337,919,267        £10,203,059,569           
    2009        Q3        £3,858,652,022        £1,209,224,559        £39,245,848        £343,668,017        £2,452,581,181        £157,279,463        £307,225,918        £561,571,011        £8,929,448,019           
    2009        Q4        £4,304,515,712        £1,763,430,813        £88,198,817        £668,980,811        £2,948,718,965        £173,922,933        £256,775,531        £364,878,035        £10,569,421,617        £39,184,847,217   
    2010        Q1        £4,134,617,606        £2,922,419,691        £111,129,651        £680,437,978        £3,390,960,404        £165,364,336        £129,244,328        £334,718,001        £11,868,891,996           
    2010        Q2        £4,000,486,208        £2,688,743,024        £116,517,256        £509,346,354        £2,990,388,151        £167,863,545        £116,901,700        £334,052,139        £10,924,298,377           
    2010        Q3        £5,140,078,769        £1,372,035,486        £39,592,197        £560,060,765        £2,564,412,136        £174,717,794        £405,951,651        £528,824,069        £10,785,672,867           
    2010        Q4        £4,672,673,260        £2,168,936,370        £93,658,125        £1,433,958,401        £3,112,307,385        £159,095,497        £292,723,888        £294,036,004        £12,227,388,930        £45,806,252,169   
    2011        Q1        £2,876,475,206        £3,866,535,047        £125,060,787        £1,143,431,976        £3,676,083,819        £160,300,605        £133,521,078        £317,852,656        £12,299,261,175           
    2011        Q2        £4,459,951,372        £2,957,665,262        £74,857,545        £1,082,593,026        £2,997,488,215        £156,749,526        £103,864,141        £381,724,537        £12,214,893,624           
    2011        Q3        £4,768,528,655        £1,673,553,964        £37,495,458        £784,716,138        £3,180,017,774        £187,752,834        £254,554,155        £521,224,893        £11,407,843,871           
    2011        Q4        £5,476,048,998        £2,440,378,852        £104,891,397        £1,577,114,613        £3,258,765,459        £209,866,670        £303,681,881        £281,881,390        £13,652,629,260        £49,574,627,930   
    2012        Q1        £3,754,282,409        £4,108,939,640        £110,771,898        £1,452,773,152        £3,347,978,510        £178,598,362        £174,599,173        £309,114,654        £13,437,057,797           
    2012        Q2        £5,107,003,922        £3,293,877,821        £95,729,983        £1,568,926,183        £3,136,931,131        £159,745,303        £43,106,968        £361,663,762        £13,766,985,073           
    2012        Q3        £5,331,921,490        £1,358,121,026        £37,801,052        £1,323,839,114        £2,813,670,680        £158,104,780        £398,284,259        £542,210,129        £11,963,952,531           
    2012        Q4        £5,046,271,711        £2,576,775,659        £96,885,877        £1,948,623,131        £3,084,166,462        £142,296,862        £289,886,309        £286,384,813        £13,471,290,824        £52,639,286,225   


Crazy
By:
cdog
When: 26 Jun 13 22:39
So just to confirm, those figures are the total amounts matched on all markets, and Q1 for 2007 year is May-July 2006? etc.
By:
The Magician (100)
When: 26 Jun 13 23:45
Frog  as requested....

cdog - yes they are the financial quarters....


FY    Q    Soccer - pe    Soccer - ip    Tennis - pe    Tennis - ip    Golf - pe    Golf - ip    Cricket - pe    Cricket - ip    Horse Racing - pe    Horse Racing - ip    Greyhounds - pe    Greyhounds - ip    Basketball - pe    Basketball - ip    Other - pe    Other - ip    Totals - pe    Totals - ip   
2007    Q1    632694640    564717011    280996737    1637058695    24219404    96999974    19460849    178165979    2300787230    389728947    67133214    488254    16391383    45273822    121182309.6    153684935    3462865767    3066117617   
2007    Q2    1152123304    1007922670    190778845    1380511277    16741067    58651942    53877743    453800945    2029168055    377521586    69990786    515115    13437853    42229046    216375572.3    199095691.5    3742493225    3520248273   
2007    Q3    1207355014    1315053496    110847126    594328136    8618756    25615848    18862109    207996845    1861180872    512658364    86969502    416686    65272602    148984900    191025214.4    331456792.9    3550131195    3136511068   
2007    Q4    1372807383    1484471212    162104813    1016416924    20833184    65210168    27460133    250866240    2224160337    606464535    104013476    746079    54767805    119510070    138591681.2    159623283    4104738812    3703308511    28286414467
2008    Q1    972437443    997372232    322896233    1883668560    23218967    92892691    42363220    382199126    2605150813    572825277    103295539    621049    26654343    62311685    142710726.9    145747194    4238727284    4137637814   
2008    Q2    1269606822    1488962464    190203322    1322123331    21937985    67010903    18264449    188485832    2169961353    461009449    108954459    774625    8556399    18757754    198419658.2    267793452.8    3985904446    3814917811   
2008    Q3    1442146806    1951980632    127617991    733678522    7785115    20368421    23351181    205857435    1968863818    502734966    132875035    735577    88172279    190748621    197294466.9    359353308.4    3988106693    3965457482   
2008    Q4    1512790420    2047769158    215515795    1511158896    18272513    60094670    27532326    321219169    2300570199    621288839    142307043    698578    73484483    161877222    163396633.8    167592743.1    4453869413    4891699274    33476320218
2009    Q1    842157903    1158544969    412306879    2310087458    25687391    81768538    86425342    649262866    2747055221    611004110    136353289    598926    31960748    82072858    159037157.4    148594357.2    4440983930    5041934081   
2009    Q2    1563800349    2091072665    285184592    1762083208    24909809    71038216    65284153    663826350    2542968594    540650350    153497675    539161    24993885    75291296    164766088.9    173153178.1    4825405146    5377654423   
2009    Q3    1593514928    2265137094    172541188    1036683371    11445290    27800558    23389176    320278841    1952630914    499950267    156867843    411620    101347020    205878898    201953177.9    359617833    4213689537    4715758482   
2009    Q4    1674340677    2630175035    251360972    1512069841    21426670    66772147    61221899    607758912    2282347552    666371413    173538467    384466    83179729    173595802    180138609.9    184739425.4    4727554575    5841867042    39184847217
2010    Q1    1882257444    2252360162    412860440    2509559251    23285892    87843759    58936159    621501820    2693348476    697611928    164886461    477875    35684672    93559656    188306386.1    146411614.5    5459565931    6409326064   
2010    Q2    1596209255    2404276953    353932094    2334810930    31235251    85282005    39304117    470042237    2362534764    627853387    167339990    523555    31847381    85054318    175078720.4    158973418.5    4757481574    6166816803   
2010    Q3    1879356933    3260721836    221190354    1150845133    10561479    29030718    49798844    510261921    1967923663    596488473    173121666    1596127    129242720    276708932    205630558    323193510.5    4636826217    6148846650   
2010    Q4    1618908811    3053764449    274002331    1894934039    24783969    68874156    137918263    1296040139    2354634459    757672926    158449708    645789    96163250    196560638    142731166.7    151304836.8    4807591957    7419796972    45806252169
2011    Q1    941423170    1935052036    500855041    3365680006    31717536    93343251    68910547    1074521429    2921185985    754897833    159781350    519255    31327683    102193395    176326657.1    141525999    4831527969    7467733206   
2011    Q2    1678176997    2781774376    369453956    2588211307    20433147    54424398    120946987    961646039    2372608303    624879912    156243238    506288    23718666    80145475    214030077    167694459.6    4955611370    7259282254   
2011    Q3    1647687816    3120840840    236914292    1436639673    11561016    25934441    66543656    718172481    2441372969    738644805    187373132    379702    59364459    195189696    185473675.7    335751217.2    4836291016    6571552856   
2011    Q4    1680020890    3796028108    291852545    2148526307    28858664    76032732    75691101    1501423512    2579610967    679154492    209812142    54529    73692000    229989881    141299184.6    140582205.5    5080837493    8571791767    49574627930
2012    Q1    1158641124    2595641285    473345139    3635594501    28453474    82318424    69221430    1383551722    2696787395    651191115    178595859    2503    48179828    126419345    153594491.2    155520162.5    4806818739    8630239058   
2012    Q2    1454088258    3652915663    374507040    2919370781    28082547    67647437    155605180    1413321002    2546491901    590439230    159742051    3252    9423629    33683339    176269588.8    185394173.4    4904210195    8862774878   
2012    Q3    1463852580    3868068910    197408149    1160712877    9632273    28168778    113020412    1210818702    2213871455    599799225    158099901    4880    81180054    317104206    186435308.9    355774819.9    4423500133    7540452398   
2012    Q4    1350587034    3695684677    273469467    2303306192    24292421    72593456    143495414    1805127717    2432628906    651537555    142272906    23956    61752941    228133369    124179656    162205156    4552678746    8918612078    52639286225
By:
The Magician (100)
When: 26 Jun 13 23:45
sorry that is a mess escapee will probably fix it...
By:
BetAngel
When: 27 Jun 13 07:47
Results are out, revenues flat net earnings down 27%: -

http://www.investegate.co.uk/betfair-group-plc--bet-/rns/final-results/201306270700099603H/
By:
BetAngel
When: 27 Jun 13 08:40
Results presentation: -

http://corporate.betfair.com/~/media/Files/B/Betfair-V2/pdf/fy13-prelims-presentation.pdf
By:
JLivermore
When: 27 Jun 13 09:38
£2.7M defending the CVC bid!!!  What does the shareholder get for that!?
By:
DOUBLED
When: 27 Jun 13 09:44
Funny how statistics can make things seem a whole lot better than what they really are Laugh

£9.50 declined but you can sell for £8.28 today - that is a 12.8% loss in my book Shocked
By:
Escapee
When: 27 Jun 13 10:10
These are the pre event and in-play figures
    FY        Q        Soccer - pe        Soccer - ip        Tennis - pe        Tennis - ip        Golf - pe        Golf - ip        Cricket - pe        Cricket - ip        Horse Racing - pe        Horse Racing - ip        Greyhounds - pe        Greyhounds - ip        Basketball - pe        Basketball - ip        Other - pe        Other - ip        Totals - pe        Totals - ip           
    2007        Q1        632,694,640        564,717,011        280,996,737        1,637,058,695        24,219,404        96,999,974        19,460,849        178,165,979        2,300,787,230        389,728,947        67,133,214        488,254        16,391,383        45,273,822        121,182,310        153,684,935        3,462,865,767        3,066,117,617           
    2007        Q2        1,152,123,304        1,007,922,670        190,778,845        1,380,511,277        16,741,067        58,651,942        53,877,743        453,800,945        2,029,168,055        377,521,586        69,990,786        515,115        13,437,853        42,229,046        216,375,572        199,095,691        3,742,493,225        3,520,248,273           
    2007        Q3        1,207,355,014        1,315,053,496        110,847,126        594,328,136        8,618,756        25,615,848        18,862,109        207,996,845        1,861,180,872        512,658,364        86,969,502        416,686        65,272,602        148,984,900        191,025,214        331,456,793        3,550,131,195        3,136,511,068           
    2007        Q4        1,372,807,383        1,484,471,212        162,104,813        1,016,416,924        20,833,184        65,210,168        27,460,133        250,866,240        2,224,160,337        606,464,535        104,013,476        746,079        54,767,805        119,510,070        138,591,681        159,623,283        4,104,738,812        3,703,308,511        28,286,414,467   
    2008        Q1        972,437,443        997,372,232        322,896,233        1,883,668,560        23,218,967        92,892,691        42,363,220        382,199,126        2,605,150,813        572,825,277        103,295,539        621,049        26,654,343        62,311,685        142,710,727        145,747,194        4,238,727,284        4,137,637,814           
    2008        Q2        1,269,606,822        1,488,962,464        190,203,322        1,322,123,331        21,937,985        67,010,903        18,264,449        188,485,832        2,169,961,353        461,009,449        108,954,459        774,625        8,556,399        18,757,754        198,419,658        267,793,453        3,985,904,446        3,814,917,811           
    2008        Q3        1,442,146,806        1,951,980,632        127,617,991        733,678,522        7,785,115        20,368,421        23,351,181        205,857,435        1,968,863,818        502,734,966        132,875,035        735,577        88,172,279        190,748,621        197,294,467        359,353,308        3,988,106,693        3,965,457,482           
    2008        Q4        1,512,790,420        2,047,769,158        215,515,795        1,511,158,896        18,272,513        60,094,670        27,532,326        321,219,169        2,300,570,199        621,288,839        142,307,043        698,578        73,484,483        161,877,222        163,396,634        167,592,743        4,453,869,413        4,891,699,274        33,476,320,218   
    2009        Q1        842,157,903        1,158,544,969        412,306,879        2,310,087,458        25,687,391        81,768,538        86,425,342        649,262,866        2,747,055,221        611,004,110        136,353,289        598,926        31,960,748        82,072,858        159,037,157        148,594,357        4,440,983,930        5,041,934,081           
    2009        Q2        1,563,800,349        2,091,072,665        285,184,592        1,762,083,208        24,909,809        71,038,216        65,284,153        663,826,350        2,542,968,594        540,650,350        153,497,675        539,161        24,993,885        75,291,296        164,766,089        173,153,178        4,825,405,146        5,377,654,423           
    2009        Q3        1,593,514,928        2,265,137,094        172,541,188        1,036,683,371        11,445,290        27,800,558        23,389,176        320,278,841        1,952,630,914        499,950,267        156,867,843        411,620        101,347,020        205,878,898        201,953,178        359,617,833        4,213,689,537        4,715,758,482           
    2009        Q4        1,674,340,677        2,630,175,035        251,360,972        1,512,069,841        21,426,670        66,772,147        61,221,899        607,758,912        2,282,347,552        666,371,413        173,538,467        384,466        83,179,729        173,595,802        180,138,610        184,739,425        4,727,554,575        5,841,867,042        39,184,847,217   
    2010        Q1        1,882,257,444        2,252,360,162        412,860,440        2,509,559,251        23,285,892        87,843,759        58,936,159        621,501,820        2,693,348,476        697,611,928        164,886,461        477,875        35,684,672        93,559,656        188,306,386        146,411,614        5,459,565,931        6,409,326,064           
    2010        Q2        1,596,209,255        2,404,276,953        353,932,094        2,334,810,930        31,235,251        85,282,005        39,304,117        470,042,237        2,362,534,764        627,853,387        167,339,990        523,555        31,847,381        85,054,318        175,078,720        158,973,418        4,757,481,574        6,166,816,803           
    2010        Q3        1,879,356,933        3,260,721,836        221,190,354        1,150,845,133        10,561,479        29,030,718        49,798,844        510,261,921        1,967,923,663        596,488,473        173,121,666        1,596,127        129,242,720        276,708,932        205,630,558        323,193,511        4,636,826,217        6,148,846,650           
    2010        Q4        1,618,908,811        3,053,764,449        274,002,331        1,894,934,039        24,783,969        68,874,156        137,918,263        1,296,040,139        2,354,634,459        757,672,926        158,449,708        645,789        96,163,250        196,560,638        142,731,167        151,304,837        4,807,591,957        7,419,796,972        45,806,252,169   
    2011        Q1        941,423,170        1,935,052,036        500,855,041        3,365,680,006        31,717,536        93,343,251        68,910,547        1,074,521,429        2,921,185,985        754,897,833        159,781,350        519,255        31,327,683        102,193,395        176,326,657        141,525,999        4,831,527,969        7,467,733,206           
    2011        Q2        1,678,176,997        2,781,774,376        369,453,956        2,588,211,307        20,433,147        54,424,398        120,946,987        961,646,039        2,372,608,303        624,879,912        156,243,238        506,288        23,718,666        80,145,475        214,030,077        167,694,460        4,955,611,370        7,259,282,254           
    2011        Q3        1,647,687,816        3,120,840,840        236,914,292        1,436,639,673        11,561,016        25,934,441        66,543,656        718,172,481        2,441,372,969        738,644,805        187,373,132        379,702        59,364,459        195,189,696        185,473,676        335,751,217        4,836,291,016        6,571,552,856           
    2011        Q4        1,680,020,890        3,796,028,108        291,852,545        2,148,526,307        28,858,664        76,032,732        75,691,101        1,501,423,512        2,579,610,967        679,154,492        209,812,142        54,529        73,692,000        229,989,881        141,299,185        140,582,205        5,080,837,493        8,571,791,767        49,574,627,930   
    2012        Q1        1,158,641,124        2,595,641,285        473,345,139        3,635,594,501        28,453,474        82,318,424        69,221,430        1,383,551,722        2,696,787,395        651,191,115        178,595,859        2,503        48,179,828        126,419,345        153,594,491        155,520,163        4,806,818,739        8,630,239,058           
    2012        Q2        1,454,088,258        3,652,915,663        374,507,040        2,919,370,781        28,082,547        67,647,437        155,605,180        1,413,321,002        2,546,491,901        590,439,230        159,742,051        3,252        9,423,629        33,683,339        176,269,589        185,394,173        4,904,210,195        8,862,774,878           
    2012        Q3        1,463,852,580        3,868,068,910        197,408,149        1,160,712,877        9,632,273        28,168,778        113,020,412        1,210,818,702        2,213,871,455        599,799,225        158,099,901        4,880        81,180,054        317,104,206        186,435,309        355,774,820        4,423,500,133        7,540,452,398           
    2012        Q4        1,350,587,034        3,695,684,677        273,469,467        2,303,306,192        24,292,421        72,593,456        143,495,414        1,805,127,717        2,432,628,906        651,537,555        142,272,906        23,956        61,752,941        228,133,369        124,179,656        162,205,156        4,552,678,746        8,918,612,078        52,639,286,225   
By:
Escapee
When: 27 Jun 13 10:10
These are the pre event and in-play figures
    FY        Q        Soccer - pe        Soccer - ip        Tennis - pe        Tennis - ip        Golf - pe        Golf - ip        Cricket - pe        Cricket - ip        Horse Racing - pe        Horse Racing - ip        Greyhounds - pe        Greyhounds - ip        Basketball - pe        Basketball - ip        Other - pe        Other - ip        Totals - pe        Totals - ip           
    2007        Q1        632,694,640        564,717,011        280,996,737        1,637,058,695        24,219,404        96,999,974        19,460,849        178,165,979        2,300,787,230        389,728,947        67,133,214        488,254        16,391,383        45,273,822        121,182,310        153,684,935        3,462,865,767        3,066,117,617           
    2007        Q2        1,152,123,304        1,007,922,670        190,778,845        1,380,511,277        16,741,067        58,651,942        53,877,743        453,800,945        2,029,168,055        377,521,586        69,990,786        515,115        13,437,853        42,229,046        216,375,572        199,095,691        3,742,493,225        3,520,248,273           
    2007        Q3        1,207,355,014        1,315,053,496        110,847,126        594,328,136        8,618,756        25,615,848        18,862,109        207,996,845        1,861,180,872        512,658,364        86,969,502        416,686        65,272,602        148,984,900        191,025,214        331,456,793        3,550,131,195        3,136,511,068           
    2007        Q4        1,372,807,383        1,484,471,212        162,104,813        1,016,416,924        20,833,184        65,210,168        27,460,133        250,866,240        2,224,160,337        606,464,535        104,013,476        746,079        54,767,805        119,510,070        138,591,681        159,623,283        4,104,738,812        3,703,308,511        28,286,414,467   
    2008        Q1        972,437,443        997,372,232        322,896,233        1,883,668,560        23,218,967        92,892,691        42,363,220        382,199,126        2,605,150,813        572,825,277        103,295,539        621,049        26,654,343        62,311,685        142,710,727        145,747,194        4,238,727,284        4,137,637,814           
    2008        Q2        1,269,606,822        1,488,962,464        190,203,322        1,322,123,331        21,937,985        67,010,903        18,264,449        188,485,832        2,169,961,353        461,009,449        108,954,459        774,625        8,556,399        18,757,754        198,419,658        267,793,453        3,985,904,446        3,814,917,811           
    2008        Q3        1,442,146,806        1,951,980,632        127,617,991        733,678,522        7,785,115        20,368,421        23,351,181        205,857,435        1,968,863,818        502,734,966        132,875,035        735,577        88,172,279        190,748,621        197,294,467        359,353,308        3,988,106,693        3,965,457,482           
    2008        Q4        1,512,790,420        2,047,769,158        215,515,795        1,511,158,896        18,272,513        60,094,670        27,532,326        321,219,169        2,300,570,199        621,288,839        142,307,043        698,578        73,484,483        161,877,222        163,396,634        167,592,743        4,453,869,413        4,891,699,274        33,476,320,218   
    2009        Q1        842,157,903        1,158,544,969        412,306,879        2,310,087,458        25,687,391        81,768,538        86,425,342        649,262,866        2,747,055,221        611,004,110        136,353,289        598,926        31,960,748        82,072,858        159,037,157        148,594,357        4,440,983,930        5,041,934,081           
    2009        Q2        1,563,800,349        2,091,072,665        285,184,592        1,762,083,208        24,909,809        71,038,216        65,284,153        663,826,350        2,542,968,594        540,650,350        153,497,675        539,161        24,993,885        75,291,296        164,766,089        173,153,178        4,825,405,146        5,377,654,423           
    2009        Q3        1,593,514,928        2,265,137,094        172,541,188        1,036,683,371        11,445,290        27,800,558        23,389,176        320,278,841        1,952,630,914        499,950,267        156,867,843        411,620        101,347,020        205,878,898        201,953,178        359,617,833        4,213,689,537        4,715,758,482           
    2009        Q4        1,674,340,677        2,630,175,035        251,360,972        1,512,069,841        21,426,670        66,772,147        61,221,899        607,758,912        2,282,347,552        666,371,413        173,538,467        384,466        83,179,729        173,595,802        180,138,610        184,739,425        4,727,554,575        5,841,867,042        39,184,847,217   
    2010        Q1        1,882,257,444        2,252,360,162        412,860,440        2,509,559,251        23,285,892        87,843,759        58,936,159        621,501,820        2,693,348,476        697,611,928        164,886,461        477,875        35,684,672        93,559,656        188,306,386        146,411,614        5,459,565,931        6,409,326,064           
    2010        Q2        1,596,209,255        2,404,276,953        353,932,094        2,334,810,930        31,235,251        85,282,005        39,304,117        470,042,237        2,362,534,764        627,853,387        167,339,990        523,555        31,847,381        85,054,318        175,078,720        158,973,418        4,757,481,574        6,166,816,803           
    2010        Q3        1,879,356,933        3,260,721,836        221,190,354        1,150,845,133        10,561,479        29,030,718        49,798,844        510,261,921        1,967,923,663        596,488,473        173,121,666        1,596,127        129,242,720        276,708,932        205,630,558        323,193,511        4,636,826,217        6,148,846,650           
    2010        Q4        1,618,908,811        3,053,764,449        274,002,331        1,894,934,039        24,783,969        68,874,156        137,918,263        1,296,040,139        2,354,634,459        757,672,926        158,449,708        645,789        96,163,250        196,560,638        142,731,167        151,304,837        4,807,591,957        7,419,796,972        45,806,252,169   
    2011        Q1        941,423,170        1,935,052,036        500,855,041        3,365,680,006        31,717,536        93,343,251        68,910,547        1,074,521,429        2,921,185,985        754,897,833        159,781,350        519,255        31,327,683        102,193,395        176,326,657        141,525,999        4,831,527,969        7,467,733,206           
    2011        Q2        1,678,176,997        2,781,774,376        369,453,956        2,588,211,307        20,433,147        54,424,398        120,946,987        961,646,039        2,372,608,303        624,879,912        156,243,238        506,288        23,718,666        80,145,475        214,030,077        167,694,460        4,955,611,370        7,259,282,254           
    2011        Q3        1,647,687,816        3,120,840,840        236,914,292        1,436,639,673        11,561,016        25,934,441        66,543,656        718,172,481        2,441,372,969        738,644,805        187,373,132        379,702        59,364,459        195,189,696        185,473,676        335,751,217        4,836,291,016        6,571,552,856           
    2011        Q4        1,680,020,890        3,796,028,108        291,852,545        2,148,526,307        28,858,664        76,032,732        75,691,101        1,501,423,512        2,579,610,967        679,154,492        209,812,142        54,529        73,692,000        229,989,881        141,299,185        140,582,205        5,080,837,493        8,571,791,767        49,574,627,930   
    2012        Q1        1,158,641,124        2,595,641,285        473,345,139        3,635,594,501        28,453,474        82,318,424        69,221,430        1,383,551,722        2,696,787,395        651,191,115        178,595,859        2,503        48,179,828        126,419,345        153,594,491        155,520,163        4,806,818,739        8,630,239,058           
    2012        Q2        1,454,088,258        3,652,915,663        374,507,040        2,919,370,781        28,082,547        67,647,437        155,605,180        1,413,321,002        2,546,491,901        590,439,230        159,742,051        3,252        9,423,629        33,683,339        176,269,589        185,394,173        4,904,210,195        8,862,774,878           
    2012        Q3        1,463,852,580        3,868,068,910        197,408,149        1,160,712,877        9,632,273        28,168,778        113,020,412        1,210,818,702        2,213,871,455        599,799,225        158,099,901        4,880        81,180,054        317,104,206        186,435,309        355,774,820        4,423,500,133        7,540,452,398           
    2012        Q4        1,350,587,034        3,695,684,677        273,469,467        2,303,306,192        24,292,421        72,593,456        143,495,414        1,805,127,717        2,432,628,906        651,537,555        142,272,906        23,956        61,752,941        228,133,369        124,179,656        162,205,156        4,552,678,746        8,918,612,078        52,639,286,225   
By:
Escapee
When: 27 Jun 13 10:11
ooops.... double post
By:
frog2
When: 27 Jun 13 10:14
Would be delighted if we could change premium charge but no plans to do so.
By:
ballabriggs
When: 27 Jun 13 13:56
It is hard to tell if the figures are dressed up, but on the surface it looks like the sportsbook is a success.  However, that success might also have been achieved by simplifying the exchange for novice users, rather than taking on an expensive team of traders, (just look on linkedin at the number of "Betfair traders/Betfair football traders" there are :-S ) , and having an easier to understand basic interface (perhaps with only one price showing).  There will be some people who saw the exchange before, and were put off, not to return, but a really inferior to the competition sportsbook, with high reported palps and restricted stakes, seems to have answered the right question, in a mediocre manner. 

The advertising spend to the UK going from sub 50% to over 75% is kind of interesting, but Betfair really do waste huge amounts of money on adverts which don't make sense, and a lot of the time are actively misleading (best prices on Betfair, but not on the sportsbook, and new customers are directed to the sportsbook,....).

Also, for all their ridiculous mistakes, failures and incompetence, credit does have to go to Betfair for finally doing something right - the pop up surveys which people are getting through the website asking for feedback are an excellent idea.  This is (finally) a sign of good management, and trying to find out (and then try to act upon) what customers actually want.
By:
viva el presidente!
When: 27 Jun 13 14:32
that's an interesting take, balla. what do you see that makes you think the sportsbook's been a success?

there's a lot of emphasis on customer acquisition, which really needs to be parsed and as yet hasn't been. I'd really want to see the figures with the bluesq job lot explicitly stripped out, so that it showed only customers who'd made an active decision to sign up.

also, the relatively poor sportsbook offer means that the retention part of acquisition and retention is going to become much more significant. raw acquisition numbers are less useful than they used to be because, bluntly, new customers coming to the sportsbook are less likely to stay than those who used to come to the exchange.

in the longer term, BF is going to be faced with a problem. if new customers become dormant or moribund due to there being better prices on (most) other sportsbooks, do they then start marketing the exchange to them? if not, they risk losing them completely. if so, they lose them to the sportsbook and risk taking a perception hit in the process. "wait - why didn't you show me these better prices before?"
By:
ballabriggs
When: 27 Jun 13 16:10
The Blue Square deal, and the increased customer acquisition, don't easily pass the 'smell' test as a combination.  It would be interesting as you say, to see the figures without the BS deal, and the free bets they have given away.

Most of the public are surprisingly thick, and it is capturing market share of this group which the CEO has set his sights on.  ["He is not here to pay homage to the exchange"].  He may have the right idea profits-wise, but just cannot see how with a weak sportsbook, expensive trading team, and stolid advertising campaign, they are going to be able to compete with 365 et al. 

At the end of the day, Betfair now would prefer to be a poor value sportsbook, taking a free tissue from somebody else's exchange.  Betfair unwittingly has made the bookmakers a fortune, both in avoiding getting stung, but also having more confidence in laying most prices.  The Betfair traders on the other hand, don't seem to understand that there is no need to restrict people who are betting under the exchange odds on major events.  If Brazil are trading at 1.8 to 1.81 to win a football match, why is there any size limit on what the traders will take at 1.72?  The mind boggles.
By:
viva el presidente!
When: 27 Jun 13 16:39
If Brazil are trading at 1.8 to 1.81 to win a football match, why is there any size limit on what the traders will take at 1.72?  The mind boggles.

---------

all i can immediately think of is they're scared of getting taken as relevant news crashes the price. but if that's the case, you just introduce a very short execution lag, where the bet is pending, arbed on the exchange, then either confirmed or rejected.

tbh, I'm not sure why they need the crack trading team at all - at least in liquid markets like MO etc. what are they doing that can't be automated off the exchange?
By:
ballabriggs
When: 27 Jun 13 18:11
The price of 1.72 could be linked to the exchange - the second a floor of say 1.75 (or whatever) is reached, the price of 1.72 changes instantly to 1.66.  You could even build it so that it didn't respond to live prices 'up on the board' (which are in effect 5 seconds behind real time), you could have a program which knew that (hypothetically) a monster £100,000 bet had been submitted, which would lower the price from 1.8 to 1.7, mopping up everything available, and just the mere submission of that bet would instantly lower the sportsbook price to 1.66, before it had even hit the market.  The crack trading team do seem like buying baluga caviar for a 4 year old's birthday party.  Lovely, and all that, but a complete frivolous waste of money, when fish fingers would have done the trick just as easily.
By:
frog2
When: 27 Jun 13 18:16
Give them time. This is the plan:

We are differentiating our Sportsbook by using our Exchange technology to provide unique features and better value. For example, in recent weeks we launched 'Cash Out' on the Sportsbook and are developing 'Best Price Execution', where customers may automatically receive better odds if they are available on the Exchange.


................

It seems they will ultimately be willing to move bets onto the exchange. This will clearly reduce the sportsbook margins but will give them risk free profit and a great USP.
By:
ballabriggs
When: 27 Jun 13 18:58
That would be a great USP.  It would also mean that by making Betfair more accessible and simplified for the public, there may be an increase of recreational money feeding into the main exchange market.  What it would also mean though would be curtains for most of the crack traders.  There's no point paying them 25k a year each to be in effect undercut by the main market, on most of the bets they would have taken. 

It is in the CEO's interest not to offer Best Price Execution on the sportsbook, so it would be a surprise if there isn't a catch to come later on that front.  Who knows.
By:
viva el presidente!
When: 27 Jun 13 19:40
well, it's a new form of skimmer really, isn't it? this time based on people not knowing about the exchange, rather than the mathematics of cross-matching.
By:
TheVis
When: 27 Jun 13 22:11
Well it can't be "Best Price" execution.  Maybe "A Bit Better Than The Kak We Are Offering You" as otherwise there would be a hell of a lot of bets getting Exchange type prices that were not paying any commission (or PC).

Ballabriggs - do you really only get £25 if you are employed as a crack trader?  Surely this mythical beast (and I refuse to believe that any exist, given the nature of the sportsbook prices and restrictions) would be better of crack trading on his/her own accounts?
By:
ballabriggs
When: 27 Jun 13 23:12
These are public linkedin profiles TheVis

http://www.linkedin.com/profile/view?id=112292027&authType=name&authToken=eWRn&trk=prof-sb-browse_map-name

Football Trader
Betfair
October 2011 – Present (1 year 9 months)Dublin
Responsibilities include:
•    Odds compilation and trading of the Football product, with a strong focus on European football.
•    Use of statistical modelling and analysis to ensure greater accuracy when driving prices.
•    Monitoring and anticipating market movements.
•    Managing company risk and liabilities.
•    Client Management - Profiling customers, analysis of betting patterns.
•    Liaising with the Marketing team to create promotional mechanics for the Fixed Odds product across all sports.
•    Assisting with customer queries.
•    Assisting with trading software integrations.

http://www.linkedin.com/profile/view?id=127946279&authType=name&authToken=hPIA&trk=prof-sb-browse_map-name

Football Trader
Betfair
February 2011 – Present (2 years 5 months)
- Pricing up football markets across all leagues
- Settlement of events and payments to customers
- Monitoring liabilities, and hedging accordingly to reduce company risk at lowest possible cost
- Trading high volume events pre match and in running
- Managing Running up Money liabilities
- Monitoring betting patterns in markets or specific to customers
- Profiling customers accounts, analysing betting business and recommending exposure increases/declinations
- Seeding markets
- Using content management systems to update site content using HTML
- Liaising with Marketing team to push viable promotions to customers
- Liaising with Finance team to deal with fraudulent activity
- Dealing with customer issues
- Generate report figures


http://www.linkedin.com/profile/view?id=136488155&authType=name&authToken=i-oO&trk=prof-sb-browse_map-name

Senior Trader
Betfair
March 2012 – Present (1 year 4 months)Dublin



http://www.linkedin.com/profile/view?id=64250540&authType=name&authToken=hmdT&trk=prof-sb-browse_map-name

Senior Trader / Head of Tennis
Betfair
March 2012 – Present (1 year 4 months)Ireland
Head of Tennis for the new Betfair Sportsbook.


There are loads of these on there.
By:
TheVis
When: 28 Jun 13 10:27
OK, I have to accept some do exist Grin

February 2011 – Present (2 years 5 months)
- Pricing up football markets across all leagues
- Settlement of events and payments to customers
- Monitoring liabilities, and hedging accordingly to reduce company risk at lowest possible cost
- Trading high volume events pre match and in running
- Managing Running up Money liabilities
- Monitoring betting patterns in markets or specific to customers
- Profiling customers accounts, analysing betting business and recommending exposure increases/declinations
- Seeding markets
- Using content management systems to update site content using HTML
- Liaising with Marketing team to push viable promotions to customers
- Liaising with Finance team to deal with fraudulent activity
- Dealing with customer issues
- Generate report figures

"Seeding markets" - that's a good one.  Didn't think BF seeded money on the exchange or do you think he means something different?
By:
Sandown
When: 28 Jun 13 11:32
Judging by this article re PP it seems that the days of beating bookies who wear trilbies and smoke big fat cigars whilst wearing camel overcoats, have vanished forever. Do newbies have any chance at all of developing an edge in this game, I wonder, unless they come at it entirely from a maths/IT background. Behind the corny ads lies a brain or two.

Corcoran is just making sure that BF are just going down the same route.

http://www.popsci.com/technology/article/2011-11/four-things-we-learned-about-data-irelands-biggest-bookmaker
By:
rcing
When: 28 Jun 13 13:06
Trading high volume events pre match and in running
Monitoring betting patterns in markets or specific to customers

interesting that they bet in-running . would they be subject to the bet placement delay ?
do they follow winning accounts ?
By:
viva el presidente!
When: 28 Jun 13 13:09
wow, they saw that journalist coming. there's some shocking propppaganda in that piece of puffery
By:
askari1
When: 28 Jun 13 15:06
The results are pretty bad and wd appear more so to the new investor than to us.

They're spun in a way that makes them appear less bad or stalled than they are. When a report talks of 'cultural change', 'a transitional year in which we repositioned our business' and kicks off with the word 'mitigated', you know that it isn't going to be seen as good.

They've earnt 73 million as against Bet3.65's underlying 175 mill. or so. This is despite 65 basically nicking their product. Bf shd try at once aggressively to differentiate them/s from all competitors. I'd get into a borderline sexist or personal slanging match over price and restricting customers w/ Denise Large. They have to do something to bring them/s to the notice of their rival's customers--some big, brain-entering shock to counter the effect of Ray Winstone.
By:
askari1
When: 28 Jun 13 15:34
frog and ballabrigs, if they run a size-dependent form of 'best price execution' on sportsbook bets, coupled with a guarantee to beat or match any well-known competitor's price backed by a heavily-funded aggressive UK advertising campaign, they have a shot at last of overhauling .65 and establishing the exchange as the default betting model.

After all their competitors use bf as their tissue. The books are not going to go overs, so in any liquid market (this may be the key) bf are going to win or draw on price.

With the horses they cd do as bet3.65 do and not introduce a guarantee until 10am. If they didn't even open a market until that time, making it impossible for spot arbers to lay off Pricewise and tipping lines, they wd delight someone like me w/ a view as well as the bookmakers. That wd be a wonderful solution.

Combine a deep-pockets price-based advertising campaign with an emphasis on their rival restricting winners and they may at last win the war of perceptions w/ the 20 quid punter.
By:
viva el presidente!
When: 28 Jun 13 17:15
some good points there askari.

you're exactly right to say they should be focussing aggressively on bookie practices like shutting winners (and even smart losers) down. when I talk to non-gamblers and occasional recreational gamblers about what I do and this comes up, virtually none of them have heard of it. the best possible perception for BF to spread is: "you can't win with the bookies". Lose like a good little boy, or we shut you down. because even if "the dream" is unrealistic, the bookies need it to persist at some unconscious level. so get it front and centre of recreational bettors' conscious minds that not only don't they win - they won't be allowed to win either. there is no "cracking it"... except here.

very hard to do that if you're trying to become what you built a successful business challenging. and have recruited from their ranks.

essentially imo what we're seeing is a combined failure of managerial imagination and courage, arguably exacerbated by misbegotten incentive packages.
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