General Betting
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December 2016 is my prediction.
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idiotic statement, you seriously think that the plan is to pay 3bn get a few 100k sports betters?
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Take a day off Westender eh...it's getting boring
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"idiotic statement, you seriously think that the plan is to pay 3bn get a few 100k sports betters?"
Indeed.In fact a few sports betters who will eventually be restricted and then closed. |
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BF's business was valued at twice that of PP,adjusted for revenue and profit. Which very roughly means they expect BF to grow at twice the rate of PP. That growth has to come from the exchange. Nothing else in BF is particularly unique or valuable IMO.
If they thought the 'technology' was worth a billion plus, then they have been had. |
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an well-run exchange with reasonable commission rates should really be a licence to print money.
Just amazing how BF have foooooked it up so badly |
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Just amazing how BF have foooooked it up so badly
That's really depending on your frame of opinion. |
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What surprises me is, BF lost money every year in Australia, until they sold out to Crown last year. They would have had almost no development costs as the exchange is identical to the UK. Especially surprising as I have read PP makes half its profits here.
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Cheer up jamesdean
 All businesses close one day. |
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What is the plan dave1357?
1. Abolish or significantly reduce premium charges? 2. Advertise the Exchange? 3. Make the Exchange the default page on the Paddy Power website? 4. Match the wide range of live sports streams on Bet365? 5. Open the forum up to all Betfair and Paddy Power customers? In summary, do you think the Exchange will suddenly be top priority of the current and future CEO's given what has happened to the Exchange since his appointment to Betfair? Who do you think is going to continue to bet on the Exchange when winners are clobbered between 22.5% and 62.5% and losers lose 100%. What is the plan dave1357? Cannot wait to hear from you on how the Betting Exchange will be transformed back to the glory days 2001 to 2008. Go on dave1357 Where are you? Let's be having you Come on |
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dave1357 slept under his bed last night and is refusing to come out to provide his explanation
An idiotic statement indeed |
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dave1357 does come across as a troll spouting out 'idiot' etc and he really has no clue.
Go on dave1357 - tell us the Paddy Power Plans to revitalise a dying Betting Exchange with the same man at the top whose strategy put the Exchange into a coma. Let's be having it dave1357 - you have had plenty of time to think |
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Sorry westender, I don't spend my life waiting for your posts
your still an idiot hth |
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Answer the question troll dave1357
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dave1357 - troll
You can smell them a mile off - drop cowardly one liners calling people idiots etc and cannot put forward any credible reasons for opposing a point of view. Answer the question dave1357 |
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Get back to cleaning toilets dave1357
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dangleberry dave1357 could not hit water if he fell out a boat
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Westender • September 17, 2015 10:56 AM BST
The contents of this post have been hidden for this blocked user. [Manage blocked users] |
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dave1357 fully confirmed as a Troll
Can just see him bravely hiding away in bedroom listening to the Birdie Song |
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I haven't worked for a bookies before but how realistic is this?
PC abolished, exchange sees a significant increase of ITK punters, PP/Betfair Sportsbook start using/linking the bets/data from profitable exchange accounts to set their prices/exposures, this increases their profits and they can even sack a bunch of traders. XMXM increases profits from the exchange. They introduce more techniques so they can replicate (and so replace) a number of profitable methods us customers have been using on the exchange. Price Rush used by PP and Betfair Sportsbook to make their offerings more attractive. As the Premium Charge was introduced to improve the pricing mechanism, now they have sportsbooks maybe it's time for them to maximise the info the exchange contains, info only they can see. |
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IMHO Premium charge may be abolished but those who pay it will be blocked ..all api s will be in-house ..the new entity will harvest the mug money on the exchange by replicating the proven methods (and algos ) of the consistent exchange winners ...they surely have the data and technology.
I d also expect them to either obtain "real time" pictures or have "on track" trading team to do the "in running " hovering Cant see exchange terminals in shops but surely there will be some bet in running offering possible via phone app What ever happens ,,,there will be huge changes |
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Think you agree that the Betfair Exchange was effectively finished when the current CEO took over.
Betfair became a bookmaker run by bookmakers and this has now been taken a step further with Betfair taken over by Paddy Power with the same CEO in charge. There is no Betting Exchange when winners are banned and losers lose to the host Bookmaker. Paddy Power Senior Mgt, particularly the current Betfair CEO/Future PuddyFair CEO are only interested in having losers on the books. Think we can all see this except dave1357 RIP Betfair |
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There was life before Betfair and people will carry on long after Betfair is gone.
Bookmakers take, take, take and give zero value to society in return. The industry will continue to shrink as people have a plethora of other things to spend their money on. Greed will destroy them all through time including Paddy Power. |
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Westender has been watching too much Dads Army := "We're all doomed" !
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Fartie
The bookmaking industry is shrinking by the year. |
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Aye. "We're all doomed" !
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yep they will certainly keep the exchange ..i imagine the P P influence will lead to a site full of dodgy trap bets and sharp practice
...also could see some subtle changes to the site which will make easier for a user to make a rick which will be swiftly gobbled up by an "in house "bot |
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Id agree with WESTENDER when he says that bookmaking industry is shrinking. There is only addicts left betting in shops or on here trying to be bookies, then failing then coming back to try again and failing and then trying again. There is no edge on here and would love to know who uses betfair with big sums and pay such a high premium charge. I wish i could rewind to 2003 and never have gotten involved with the exchanges. I wish it was how it was years ago. Too many people doing their nuts on here and on other sites , sad when you think about it. Id miss it I suppose if it was gone but it probably would save people a lot of money. Better risking a fiver etc to make a 1000 than the other way around on here !
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NEVER
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MUPPET
You say there is no edge on here - are you for real ? Horses yo-yo in price throughout the day on here , so are you trying to tell me there is no edge possible in getting a decent edge laying or backing ? |
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yo-yo'ing isn't really an edge though is it ?
there are few mathematical edges - why that has become the case i don't know . |
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well there has to be value somewhere along the price movement
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there has zealot , but when i ever play on here these days it feels like there are only half a dozen players on the board ,and they all seem to know what they're doing therefore cancelling each other out .
I don't know in which sport or market the edge exists .Who are the winners winning from ? the losers looked like they fled weeks ago. Maybe the sharks are losing one by one and can't let go - it's a puzzler . |
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Thats it in a nutshell Coachbuster
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Sports betting is growing around 20% per year in Australia and the numbers are probably similar worldwide.
I'm a cricket trader, but no international cricket at the moment, so have been dabbling in AFL, soccer and rugby. The last 2 I know very little about, but still manage to make money. It's not that hard. I've traded pretty much every sport there is at some time. I decided early on that with horse racing you are up against insiders and that's a losing proposition. |
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With you there pxb. I do quite allright out of tennis and rugby when the cricket is not on. That is my speciality. Plenty off liquidity still on here if you are patient enough.
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Tyco, I used to trade pre-play tennis a lot, but the uncertain match start times became too much of a nuisance, and I only trade matches that are on Oz TV now. I'd say tennis (match odds) is the easiest sport to make money on after cricket, but cricket requires a lot of knowledge of the sport.
I decided trading rugby union match odds wasn't for me a few years ago, but enough liquidity in RWC secondary markets (handicaps) to make it worthwhile. New Zealand short priced to win the RWC. Too short maybe? |
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Yep Nz far too short to win the RWC, especially over in the UK. That said the other contenders have not looked up to the mark either, with France, SA, England etc looking dire. Once its at the quarters stage though its anyones game. NZ do not do well in dour games which Rugby world cup games tend to be. Look at difference v France in 2011 WC from pool match to Final.
Cricket.... agree with you, you need a lot of knowledge, thankfully I know enough to get by :) Am travelling to Sri Lanka, Bangladesh next year so might be able to keep you guys informed on the weather... (after I have taken my position off course) :) Good luck. |
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Am travelling to Sri Lanka, Bangladesh next year so might be able to keep you guys informed on the weather...
Cool. I'm envious. Although, there's chance I may swing a trip to SL when/if my wife goes there on business. |
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pxb agree totally still enough on here to make money i can also add basketball to the list but agree have never touched horseracing. Only difference i find is there are not so many "mug" bets placed anymore have to be a bit wiser not giveaway money like there was years ago still get the odd one have to work harder for money these days but def still doable
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