|
By:
NFL tonight is dire, looking like PC is really having an impact on the lesser sports !!
|
|
By:
I am genuinely puzzled as to why you would put it down to the PC. Surely the sportsbook is a far more significant reason for the decline in exchange betting activity?
|
|
By:
Surely the sportsbook is a far more significant reason for the decline in exchange betting activity?
Why pay such a large premium for whatever was unique about bf (the exchange), then run it into the ground? I think the answer is surprisingly simple. PP bought a product they didn't understand. |
|
By:
The exchange was being run into the ground some time before PP got involved.
|
|
By:
I honestly believe that successive management teams here have failed to understand the Exchange.
As has been said before, I think there are various elements that have contributed to where we are today (PC, markets being closed down, BFSP, PPBF etc). The trouble is that snowball effects work going forward, but also in reverse, as we're experiencing on more and more sports/markets now... |
|
By:
BFSB not SP!
|
|
By:
You have bookmaking people in charge these days and it isn't in their interest to support the exchange.
There are still many punters out there who have no idea about exchange betting. |
|
By:
It's just possible that the departure of 8r30n c0rc0r@n might be enabling the shackles to be lifted from the exchange. There's been the 2% commission on Premier League match odds markets in Aug & Sept, and yesterday morning, out of the blue, I got the following e-mail:
I am writing to let you know I have put your commission rate down to 2% on all horse racing markets for 2 weeks. I hope you make the most of this decreased commission rate I'm currently on 3.4%, and most of my betting is already on UK horse racing. So it looks like they genuinely want to explore the effects of lower commission. Now that the company is no longer ruled by a bookmaker determined to destroy the exchange, they seem at last to be able to acknowledge that the sky-high commission is what's been holding it back. |
|
By:
A permanent fixed rate of 2% for all in-running horse racing bets would help boost dwindling liquidity and encourage new players to get involved.
|
|
By:
The next step for Betfair would be more job losses.Which is sad to say the least.
|
|
By:
A friend of mine was using the Sportsbook on his mobile the other day, I said to him why not use the Exchange and he said because my bet won't get matched.
He had £50 on a horse and as he backed it he said wow I've just had a price boost. I can only imagine that my friend who is in his 60s is just too scared to use the exchange and needs educating. Something I will do next time I see him. The other problem is all these newbies that keep getting these price boosts think it's great but in truth they are just being mugged off. 1 more thing, I doubt the Sportsbook money is going back into the exchange as the other day I come across a Sportsbook price of 1.25 when it was 1.33 on the exchange on a main cricket market with 000s either side. I tried to see how much I could get on with the SB but it was just peanuts. They should be letting me have as much on as I like as they could trade out with absolute zero risk. I'm so happy i'm not a share holder. And the funniest one is you want to place a bet on one of the side markets on the exchange only to find no money available. Go to the same market on on the Sportsbook and type in £20 @ 11/10 only for a response from the Sportsbook to say that i'm restricted to 0.90p and that I should try the Exchange. ![]() ![]() I would but I can't even get 0.50p on the exchange.![]() ![]() ![]() |
|
By:
It get's even dafter than that, whizz kids. Try dutching a race on the sportsbook to give them a free tenner. They simply say 'no thanks mate we don't want it'.
|
|
By:
|
|
By:
It's like going to a Bangkok market and trying to barter for a woman. The vendor starts with 1500Baht only for me to say 2000Baht, With that the vendor tells me to piss off.
![]() ![]() ![]() What kind of company turns down free money?? |
|
By:
testing
|
|
By:
Not only that this forum is a mess when it comes to posting.
![]() ![]() |
|
By:
@Jack Bauer 24:
A permanent fixed rate of 2% for all in-running horse racing bets would help boost dwindling liquidity and encourage new players to get involved. It's the non-permanent part of this two-week offer of 2% commission which is the problem. I'm not prepared to raise my staking, or place more bets, for just 2 weeks, only to find it happens to coincide with a fortnight in which I couldn't pick a winner to save my life. If they reduced the commission to 2% permanently, then I'd really get stuck in. It would be life-changing. But they haven't, so I won't. And no doubt the report back will therefore be that there's no point in reducing commission rates, because there was no evidence it boosts turnover. |
|
By:
Exactly, they just don't seem to understand these things.
|
|
By:
Just had 11 consecutive 1 cent bets on money I put up in the Aus Syria soccer match.
|
|
By:
Is it not the £2, £5 and £10 punters we need for in running jack? Do they care if they're 2% or 5%?
|
|
By:
All extra liquidity is welcome and as screaming has pointed out, many current players would increase their stakes and turnover if commission was permanently fixed at 2%. If they could manage to reduce picture delays at the same time then in-running could reach its full potential.
|
|
By:
I remember before about 2008 the spread used to be very tight.Unlike today where you could driver a London double Decker bus sideways through the spread.It's that wide.
JUst goes to show how hard it is to actually get a bet on.So sad those days of tight spreads have gone where it attracted just about all forms of people to Betfair. |
|
By:
In 2005 all you young punters.There was an American Track called Great Lakes Downs or GLD as we called it back then.
With say 10 minutes to post there was about $300,000 matched on Betfair with super tight spreads and about $1000 matched on the oncourse GLD Tote. Great days so easy to trade and gamble away before the PC charge took over. |
|
By:
The USA racing died on here a long time ago. If your figures are correct that is more than most UK races have matched these days at 10 minutes from post time. I don't put it all down to the premium charge by any means but I think Betfair needs to take drastic action if they genuinely want exchange betting on horse racing to do anything other than totally collapse in the next few years.
|
|
By:
Great Lakes Downs USA at that time wasn't your average track at that time.Most other tracks much less was matched but
the spreads were always tight. Great Lakes Downs was a Bull Ring track were the horses are constantly running around a bend and heavily favoured front runners. My point is when Betfair is Bet Fair to all punters then then this acts as a catalyst for very liquid markets. Just wondered whatever happened to the Betfair revolution and winners welcome and sharp minds betfair? Hope somehow, they are able to save the Betting Exchange. |
|
By:
As ever Cricket Holding Its End up.........Pakistan v Lanka not even 1/2 way through day 1 and already 9 mill matched!
|
|
By:
If India ever legalises a betting exchange, bf is toast.
|
|
By:
I used to play on a regular basis at Great Lakes Downs and there was indeed a lot of liquidity at that track in those days. As for these days it seems that most complaints are from punters who wish to bet many hours before the off but you can get more or less what you want on 5 minutes before the off. Great Lakes Downs was no different in those days as all the action there was in the last 15 minutes or so.
|
|
By:
You can have more or less what you want on as long as all or most of the following are correct -
What you want on is less than a monkey (and that is being generous) You aren't trying to back or lay something that isn't right at the head of the market. You don't mind moving the price a bit and taking below the racecourse show if you happen to want to back something strong in the market. You don't want to bet in any other market than the win market. You are betting in the main meeting of the day. There isn't a raceclash. |
|
By:
And the above still only applies to 2/3 minutes or less before the off.
|
|
By:
Barton, no 4 figure bets then? You know full well that is not true and I don't know why you keep repeating it.
|
|
By:
Here's an example
Fontwell under 5 mins til the off totals matched Win market 51k Place market 6.8k Each way 714 quid! 2 place market 26 English pounds. Bearing in mind that these amounts actually count both a back and a lay you can see how much money is being matched. You think people can get a four figure bet on without smashing up the price? Seriously? You should know full well that is not the case. So why do you keep repeating statements like "you can get more or less what you want on 5 minutes before the off" It is laughable. |
|
By:
You can have more or less what you want on as long as all or most of the following are correct -
What you want on is less than a monkey (and that is being generous) You found a race at Fontwell on a crowded Saturday afternoon to try and prove your point when 4 figure bets were available on all the preceding meetings. Keep trying with bookmakers then barton and the best of luck to you as you will certainly need it. |
|
By:
I don't bet with bookmakers.
My comments on the falling liquidity on here are still valid. I picked that example because it was the first race lined up after I read your post. It is not isolated and you will see pathetic liquidity away from the head of the market in most races at most meetings today. Saturday crowding is a factor but nonetheless it is declining markedly. |
|
By:
Liquidity has certainly fallen and certain meetings on certain days have suffered badly. We just need to adapt to the changing circumstances and stop moaning about bookmakers especially. I started backing in the 1960s and it was a damned sight harder back then that it is now.
|
|
By:
A £12k class 2 handicap starts at Redcar in just over 2 hours. The two best 'available to lay' boxes for the front 4 in the market contain the following stakes:
£7 £2 £81 £9 £4 £2 £17 £3 It's as bad now as I've ever seen it. |
|
By:
Betting on here hours before the off has been a waste of time for years now. You need to be betting 5 or 10 minutes before the off.
|
|
By:
There is a Group One race in 3 minutes time.
If I wanted a grand in the place market on any other horse than the fav without moving the price, would I get it? A Group One. |
|
By:
Doubtful in the place market.
|
|
By:
You would only get a grand on horses other than the fav in a Classic with no more than 7 runners in the place market nowadays. And not always either.
|