General Betting
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02 Feb 14
20:02
Joined:
Date Joined:
05 Jun 04
I predict that at the end of the month, BF's upper management will gather and go out and eat and drink something special, whatever the trough will deliver. Middle management will gather and go out for maybe some fish n chips and a pint. All on the company tab of course.
Under middle management ( the workers ) will do and get nothing.
Why ?
To celebrate the latest swindle off of their shrinking market.
They put their commission up by 30 %, to most countries, on February 1. This obscene rise goes right to the bottom line, didn't cost them anything. Management did what all companies who are out of ideas do. Raise prices. Make themselves look good. " Look shareholders, we're making you more money"
Of course most of the management people will be gone in a couple of years, in keeping with what happens in corporations.
The corporate appetite must be fed. Betfair upper management, who think they are brilliant, are just like the crew on the Titanic shuffling deck chairs.
So, what's next ? How will these people bereft of ideas, keep increasing revenues ? I think the PC is maxed out. There is probably room to raise the commission again.
They'll take a break from the gouging now, at least for a year. Then what ? I think commission per bet, as opposed to per market, might be out there.
Mr's Black and Wray never saw this in their dreams.
Under middle management ( the workers ) will do and get nothing.
Why ?
To celebrate the latest swindle off of their shrinking market.
They put their commission up by 30 %, to most countries, on February 1. This obscene rise goes right to the bottom line, didn't cost them anything. Management did what all companies who are out of ideas do. Raise prices. Make themselves look good. " Look shareholders, we're making you more money"
Of course most of the management people will be gone in a couple of years, in keeping with what happens in corporations.
The corporate appetite must be fed. Betfair upper management, who think they are brilliant, are just like the crew on the Titanic shuffling deck chairs.
So, what's next ? How will these people bereft of ideas, keep increasing revenues ? I think the PC is maxed out. There is probably room to raise the commission again.
They'll take a break from the gouging now, at least for a year. Then what ? I think commission per bet, as opposed to per market, might be out there.
Mr's Black and Wray never saw this in their dreams.
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twelve years ago the bookmakers were trying to get exchange punters to pay tax on their winnings. They failed. So Betfair taxed their own clients.
twelve years ago bookmakers were trying to close down betting exchanges. They failed. So maybe Betfair feel they have a responsibility to succeed were others failed?
twelve years ago bookmakers were trying to close down betting exchanges. They failed. So maybe Betfair feel they have a responsibility to succeed were others failed?
US racing is dire now.Most of the time the track pools offer better odds than here.
There just is no market now.Only liquidiy on runner when the insiders know the horse will not win.
It has become a joke.Expect the 30% hike in commissions to send liquidity crashing to new lows.
There just is no market now.Only liquidiy on runner when the insiders know the horse will not win.
It has become a joke.Expect the 30% hike in commissions to send liquidity crashing to new lows.
what comes next?
1 - create membership based forum?
2 - elect steering committee?
3 - steering committee creates business structure based on 'not for profit'?
4 - write constitution based on 'by the people for the people'?
5 - start-up funding collected in donations via crowdfunding?
6 - build pilot exchange?
7 - develop exchange to commercial standard?
8 - begin commercial operation?
1 - create membership based forum?
2 - elect steering committee?
3 - steering committee creates business structure based on 'not for profit'?
4 - write constitution based on 'by the people for the people'?
5 - start-up funding collected in donations via crowdfunding?
6 - build pilot exchange?
7 - develop exchange to commercial standard?
8 - begin commercial operation?
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