Tired enough of betfair self-destruction

Good luck with your new endeavours ? any small tips on how to make a small few quid on here ? Did you play many sports ?

ok thanks, will you move to Ladbrokes exchange ? ( **** ?)

The day they became public company, they became money squeezing company. In my opninon until they reach 1500 points on London Stock Exchange - there will be no significant changes here.
Beautiful post describing how betfair politics(roBots,charges, sportsbook being main page) strategy can destroy winners here.
Best Wishes @mardock
P.S Which country you coming from?

Where did he even mention bots or the sportsbook?

Well done Betfair. So, do you or don't you?  Apparently, you don't and nor should we.

360k € paid in commision- and This guy ...

not only commision, it's amount paid in commision + premium charges

Are you the Ukrainian tennis trader Mardock?

no

Can't understand why they would need to contact you to execute your market order? Can you explain that further please? How much was the big loss?

I had my bet opened in one market when betfair went down and I could do nothing to hedge that bet. In the moment it went down I could hedge it with profit ca 100€. Additionally I had to leave and I couldn't track further that market so I sent mail to vip support asking them to close my position after markets reopening. They answered: It seems although there is currently an issue with bet placement. Our technical team are currently looking into this and it should be resolved shortly They didn't tell me that they are going to ignore my order of closing market position, but they did it and my bet remained opened till the end of match and loss was ca. 1300€

lol

Over a  billion in 3 years is more than 900,000 every single day.

Unfortunatelly this is the only kind of data not avaliable for me now and this amount is estimated by me. However I can surely tell that this amount belongs to interval (500 millions, 1.5 billion).

Eg. very liquid but short 3 set Wimbledon final in 2013 and more than 2.1 million € inplay turnover in single market.

If you're talking of turnover as simple money matched, I can have 10s of thousands of pounds matched on tennis or cricket every now and again and I'm barely a big trader at all.

I just counted numbers from my data about real turnover (sum of profits and losses from all markets) and it was 3.4 million € so even more than I thought.

to expect a betfair employee to sit there and hit the refresh button 120000 times until site is back and then enter YOUR bet is ridiculous 

I didn't expect that. I just expected information that they could not do it. I haven't received that information so I left home and stoped track my bet. I could stay a while longer and close my bet on my own if I had any idea they were going to ignore my order.


and lets face it: you will stay here

I'm already not hier :)
My last bet was in the middle of October 2013 so keeping almost 3 months well without betfair. I earned enough to stay hier and watch betfair self-destruction.
I will only back if they fully scrap Premium charges. Earlier I thought that 20% is quite fair charge for traders, but now I think that paying even 10% is to much for this kind of cheeky thieves.

mardock - hope you'll reconsider - we need your sort of liquidity. I'm pretty sure the PC will change in time but surely with the amount you are betting you can still make a comfortable profit even at 50% even though it really hurts.

"I'm already not hier :)
My last bet was in the middle of October 2013 so keeping almost 3 months well without betfair. I earned enough to stay hier and watch betfair self-destruction.
I will only back if they fully scrap Premium charges. Earlier I thought that 20% is quite fair charge for traders, but now I think that paying even 10% is to much for this kind of cheeky thieves."

I think 20% is fine, more than that is a bit off putting.

In reality you experienced an unforeseen snag, but you only dropped 1300 euros Mardock, sounds like it was a shock to your system more than anything else? In the grand scheme of things **** happens, there's no point blaming BF and cutting your nose off to spite your face, just swallow your pride and get back to making some money. :)

If I considered it likely that mardock's BF lifetime net profit, as it stood at the time of his original post on this thread, could be independently verified to the satisfaction of both parties and wagers would be paid upon that verification, I would be delighted to take your offer of 5 on over 10,000.

That would be subject to confirmation of the currency. You didn't state whether your figures were GBP, Euros or another currency but mardock's original post and your use of the comma in one of the prices, as opposed to a full stop decimal point, implies Euros.

Given the initial hysterical reaction from many forum users to the recent optional Rugby Union PC exemption and the fact that several, who otherwise seem entirely plausible PC Payers, appear to be incapable of locating and reading the Betfair Charges information, I wouldn't presume that a less than excellent understanding or forum presentation of the PC, turnover and such like (particularly for those with English as a second language), means that the claims made by such forum users are bogus.

A review of mardock's contributions to this thread and elsewhere on the forum leads me to believe there is considerably more than a 20% probability that he has made a BF lifetime net profit of more than 10,000 Euros. I've no way of knowing but that's my assessment based on the very limited information available. I've allowed for the possibility, and considered it to be very unlikely, that he was acting in collusion with you prior to contributing to this thread.

therefore (forgot to update net profit-odds earlier, apologies)

negative        1,4
not negative    3,5

None of the 5 things you listed appear to stop you making money.

I can understand if you were a purely recreational gambler and received what you perceived as poor service that'd take the fun out of it and you'd walk away.

But if you're making money - and I'll assume you're making a fair bit if you're paying 50% PC - then can't see why you'd sacrifice that money, which you can't make elsewehere, just because people are slow replying to your emails and (if you see it that way) lost you you EUR 1300 once when the Exchange went down.

then can't see why you'd sacrifice that money, which you can't make elsewehere

My hate for betfair was growing after every point I listed and finally betfair last move added insult to injury. Hate is very strong source of motivation. I know that I lose money because of not trading any more, but knowing that betfair lose money too is very sweet feeling and this is the only thing I can do against betfair.

and no matter how clumsy some of the betfair maneuvers and how unlucky mardock's recent losses (that turned his accounts all time P/L net-negative) have been: his avatar is way over the line


still just gambling, not a war zone

You could always reincarnate yourself and start again, if you're bright enough to have made over a million quid profit it's not hard to work out what I mean.

A relevant post made by mesmerised. I've yet to pay pc but one of the things that sticks in my craw is the thought of paying it while others are dodging (similar to taxes in this country).