Purple have introduced “Premium Charges”

how much is yours ?

poor move by purple

You'd swear purple don't want to succeed they are so incompetent.

Impossible task

Feels like a strange move when they are still so far behind BF in terms of liquidity - when BF introduced PC they could maybe afford to piss some people off but purple aren't exactly in the same position, in particular with so little else to differentiate them.  At the same time, they desperately need to attract rank and file punters alongside the PC refugees, so if (big if) the money really does go into advertising and product development it might be a good thing.  I'm not sure how much sponsoring Charlton will help but at least it shows they're still trying.  Kind of strange that Lads haven't done more to integrate the exchange a bit better, could have been an opportunity.

Are these PC Purple players eligible for every Wednesday paybacks? If they do(up to 150 Pounds per week refund in commission) someone who is on 10% will pay 5%. If they are on flat 5% then its 2.5% per week.- it's been(commission refund) extended to the end of the year- still not bad option.
$markets are doing extremely well, having pure exchange there. No video games, no matterless matches - flat 2% commission, plus pre play markets are deep with decent amount of money to bet(very often even more than on bf!)

Purple?

Black Knight, for me.


https://www.youtube.com/watch?v=QHlODWd4GeM

It makes a mockery of this - The B*tdaq Manifesto:

http://www.****tips.com/2013/03/09/the-****-manifesto/


All customers will benefit from Punting Equality – pledges by **** to keep commission low and check this out…. the first UK race will be commission free every day – you can’t get lower than that !

The manifesto includes no horrible �Premium Charges’, more liquidity, events and markets on the site where winners are always welcome.

out of interest, Gin, what sort of player are you primarily and do you think they targeted your 'type' of play?

How about Smarkets? They are 2%.

Why does anyone care if Exchanges 'seed' their markets?  So long as they don't treat customers who win their seeding money any differently to customers who win other customers money, that is?

Exchanges seeding their own markets invites conflicts of interest.

Still find it crazy that they care if you win - they still make money from you. With no risk on their part.

The PC debate is and was founded on a crazy idea that the winners will ruin the exchanges, well guess what, they did it themselves long before winners ever had the chance to do the same.

The big winners killed the exchange model. They are the ones to blame.

The idea that big winners killed the exchange is simply wrong. If were true, the many thousands of exchanges across the world (stocks etc) would be in trouble and they clearly aren't.

Ignoring the PC, the bf exchange problem is one of pricing the cost of trading. The solution would be a small additional charge per trade, say 10 cents.

The PC was really about maximizing short term revenue, without regard to the long term consequences for growth of the exchange.

I've said before, all successful internet businesses are volume businesses (think Amazon). Once you get to a certain size, it becomes almost impossible for viable competitors to emerge. Something bf will learn to its cost, sooner or later.

will there be another 'amazon' exchange to rival BF then...?

A some point there will be. The main barrier IMO are the legal restrictions almost everywhere, which make any kind of transnational exchange difficult. It may well come out of India, where cricket betting is huge and is gradually being legalised.

There is a general misconception that building the software application is a major barrier to entry. It isn't. I have a pretty good idea how much it would cost. The main barrier is getting a critical mass of punters and traders, which is why I think it will come out of somewhere like India.