General Betting

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21 Aug 16 20:12
Date Joined: 24 May 06
| Topic/replies: 5,930 | Blogger: pmbets's blog
In the early mid 2000,s a little horse racing meeting called Great Lakes Downs a small meeting like Ruidoso downs
we used to match about £250,000 on Race 1 at GLD.
Now £287 totally illiquid market is matched 10 years later due to PC Betfair Tax .
DISGRACEFUL BETFAIR and I spent 1000,s of my free time helping your share price high and letting the pioneers cash out yet you
leave this one great exchange A PILE OF RUBBLE.

Shame on you Betfair.
Pause Switch to Standard View £287 matched USA horse racing Race 1...
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Report stu August 22, 2016 12:40 AM BST
I would agree about the decline, but not recent thing for the yank racing pmbets?
Report chrisblues August 22, 2016 4:01 PM BST
skool hols
Report TheFear August 23, 2016 12:03 PM BST
They need to bite the bullet and do a REAL test on whether the PC is making a difference. Reduced PC on the US Open (set betting) and Latin American racing Cry aren't going to prove very much either way,,,
Report chrisblues August 23, 2016 1:33 PM BST
love great lakes downs why it not on here ?
Report Johnny The Guesser August 24, 2016 7:41 AM BST
Why on earth would you spend  "1000,s of your free time helping the share price higher "?
Report pmbets August 24, 2016 4:14 PM BST
Because we grow the business from Day 1 on the absolute understanding that we were building an exchange against the bookmaker.Not only to change into a bookmaker
but change into a corporate monster that so many hate.
The share price grow and the exchange changed into a bookie with an exchange ,that is more like a fruit machine as a sideline.
So many of us was deceived. We didnt care for the share price we only care for an exchange that was making a profit and employing many people.
Everyone was happy.
Now we have an iliquid monopolistic exchange.
I was there from day one and spoke the hundreds of betfair insider.
I know were all the skeletons are buried buy I cannot tell you more as I am one of the skeletons.

Anyway lets hope Betfair wake up and help the exchange as I am annoyed.WE NEED MORE LIQIDITY BETFAIR please.
Help the exchange a little otherwise we will see a new exchange which we will all get on board and leave betfair forever.
Report pmbets August 24, 2016 4:24 PM BST
We all need to focus on increasing liquidity.Everything else is noise.
Report Barton Bank August 24, 2016 5:03 PM BST
The opening post will probably be applicable to UK racing in 10-15 years time.
Report pmbets August 24, 2016 5:11 PM BST
wow.I don't follow UK racing.Is it in bad decline?
Have the cheaters been removed by HRA/Betfair?
Report Barton Bank August 24, 2016 8:24 PM BST
Above post probably an exaggeration as to the scale but yes the markets/liquidity are in an inexorable process of decline.
Report Johnny The Guesser August 24, 2016 8:25 PM BST
So you spent 1000's of your free time helping yourself to as much mug money as you could , and are now spouting off because that hasn't been allowed to continue for ever. Did you really think it would ?

" WE NEED MORE LIQUIDITY BETFAIR "   >>>>>  Why not ask ?......  " Please allow the mugs to bet with us Betfair. Please ! " - It ain't going to happen.

Be thankful for what you had - the game has moved on.
Report CONER August 25, 2016 8:08 PM BST
Report pmbets August 26, 2016 12:27 AM BST
Liquidity is liquidity Johnny never mug money.
Report vic August 26, 2016 12:58 PM BST
pmbets, I also believe there is false liquidity as well in a lot of lower class Events as it is just churned over and over by just a few people.
Report Ghetto Joe August 28, 2016 6:31 PM BST
I gave up betting on the USA racing  as the start times are so random, I'd imagine the decline of the US markets isn't solely down to PC charges.
Report PLEASE TELL THE TRUTH October 17, 2016 3:58 PM BST
I used to have friends around a few times a week all betting on american racing, the days of 100k plus matched per race. similarly watching the football, rugby etc !!! when PC kicked in my friends bet elsewhere as the fear of winning and being charged for the privilege seemed absurd as was opening an account. Many posters / traders expressed this view time and time again for years, nothing was done, so liquidity naturally declined on many events. P/c or highly inflated commission structures are here to stay, hence why matchbook has seen significant growth over the past few years to maybe rival the betfair exchange in the forth coming years.
Report Binomial October 17, 2016 4:24 PM BST
You spent a load of time helping Betfair's share price increase? I assume you have a large amount of shares in your portfolio?
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