General Betting
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IS THIS THE END??
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what makes you say that there is a BIG decline in liquidity
have you figures or is it just something you feel ? |
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Everyone's left/leaving. No one is pricing up football (soccer) daily goals for the first time since I've been on here. It's the end of being able to trade side markets and you'll be lucky be get a bet on in the 1st place.
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Seems so little money in a lot of the football markets since the new season started.
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And now, the end is here
And so I face the final curtain My Betfair, I'll say it clear I'll state my case, of which I'm certain I've lived a life that's full I traveled each and ev'ry highway And more, much more than this, I did it my way |
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End of the exchange maybe, but I don't think they really care about the exchange anymore to be honest
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if you want to put a bet on the morning in racing you'd be lucky get three quid at the best avaible price.
During the round in the first three days of a golf tournament its almost impossible to get a realistic price on a golfer. |
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people have been saying this for years
betfairs share price and profits have not gone down |
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Every customer has noticed the increasing falls in liquidity month by month particularly since the premium charges were introduced.
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every PC payer will put doom and gloom on betfair
do you think if the premium charge was reduced or removed liquidity would be different ? |
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why are Betfair not interested in the exchange.
They have made millions from it. A brilliant idea and success. I do not understand it? |
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Squeeze more out of the people left
Attempting to run the exchange down and turn themselves into another bookmaker. For every pound punted on its bookmaking site it must be realistic to presume is more valuable to Betfair than the same pound being invested by punters on the exchange. Its surely possible to make a reasonable case therefore in saying that the more successful Betfair is at running down the exchange the more profitable it will become. |
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i doubt that no moves . the exchange is betfairs unique selling point . the sportsbook has numerous competitors , the exchange doesn't .
profit is profit , doesn't matter where it comes from |
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Take a look and see what's happening....new punters get directed to the bookmaking site, all the advertising is directed at promoting themselves as bookmakers.
I bet the maths would show that bookmaking punters are much more valuable per pound than exchange players. Betfair really only has a finite amount of customers its surely good business to pull out of each one as much as possible. |
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Most of it is dead. Only see the main markets surviving.
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no moves , you make some good points which i can't argue with .
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Surely short-termism entirely though if they plan to kill the exchange for the sake of some shark infested bookmaking market? How would they ever have a great business with a sportsbook alone???
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And I totally reject the idea that the exchange concept on BF ever had a problem - it only ever had a problem when they started trying to dismantle it. Before then it was a market leader with a virtual monopoly. Most business leaders would kill to have that just once in their life.
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what do you mean by dismantle ?
casino , games etc ? |
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To name a couple of bad policies, but the obvious PC is primary - bad website changes almost looking like deliberate sabotage, and of course the actual decision to launch as a sportsbook up there...
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Can I also add the chronic downgrading of this forum too, as a policy designed to be deleterious to the exchange...
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Hope you are right Westender.
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stu , the whole PC thing is a catch 22 for betfair .
they will not remove it as it will reduce there profits . it must account for more than 15% of there profits , otherwise with all the bad will it creates they would accept that 15% loss in profits and try and recoup it with giving people more of an incentive to market make , create more liquidity = more commission etc. but they do not want to take the risk , so are happy to leave things as they are . |
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Problem is it won't stay 'as they are' will it, if they kill off the exchange.
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if they gradually killed off the exchange , do you think that would be the end of exchange betting including purple , or do you think people would just gradually go to purple ?
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To be honest, not sure how the global exchange concept would move on without BF. Only thing for sure, it certainly wouldn't leave BF as anything other than just another bookmaking company.
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If only Betfair was run by people content to have a monopoly on a brilliant product but no the city get involved and it's we want jam today. How many of those who are making the decisions about Betfair's future will actually be around in five years?
I'm starting to feel like a football supporter who sees his club bought and sold by those only looking for short term gain |
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Yep, guess short-termism is not limited to this case in business, sadly.
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i believe also that a fair number of early exchange players lost interest - maybe the charges , maybe their failure to win long term , maybe other issues with the site or other players (fast pics etc) and gave up the ghost .
It's seen out it's novelty value and any new companies will also have the benefit of seeing how the exchange has evolved - it couldn't survive long term with a declining base and closed markets abroad |
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and yes i agree, the new season football Premier league markets so far have been terrible - worse than even last year
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Yeah, the new season has been bloody awful so far. City v Liverpool yesterday was kind of all right, but other than that...
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Got to say Ive been using bookies more ... far easier to bet
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Luckily for me I backed Humidor with a bookie that paid out.Swings and roundabouts with the books.
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dont talk silly ffs
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I'll tell you what's killing BF ? - 5% commission.
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Don't be silly, betfair was thriving in the mid 00s when it was still 5% commission. It is the premium charge, the sportsbook and the lack of advertising the exchange that is the problem (along with the loss of customer goodwill)
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do you not think that liquidity is also falling because it is more difficult to arb with the bookies ?
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Cdog, have a look at oddschecke r soccer match odds markets to see how competitive the exchange is against other bookmakers.
Facts is back in the 00s Betfair was the place to come if looking for value, not anymore. Bookmakers have tightened the margins, where as the exchange layers can not offer better value because of the 5%. Of course it is much more complex than this, but it is a factor. |
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It's 6.5% in most of the world. Nowadays it's only 5% in the UK and a handful of tiny countries. They have also stopped international advertising. The proportion of international customers is probably at an all time low and will continue to fall. This is also a factor.
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