General Betting
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Who killed betfair?
Who killed betfair?
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What I don't understand is BF's reluctance to put up side markets that used to be good business.
Look at the EPL - they used to have forecast, tricast, top at Xmas, relegation treble, relegation doubles etc. etc. The only explanation I can think of is that Sportsbook wants those markets all to itself... but why? And why are there still obscure markets on obscure sports that see threepence ha'penny matched? |
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Why does bf automatically assume people will use the sports book if the market is no longer on the exchange? The odds aint the greatest
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Agreed.
But maybe we overestimate the intelligence of Joe Punter. |
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Think about it.
CRYPTO. |
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It's all gone to pot.A shadow of the once great betfair.
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Agree with alot above I'm not a big punter more for some fun
but even i have now started to withdraw slowly etc from betting Slow pictures and prices always moving 0.03-0.04(this has got much more common) against you everytime you place a bet means you hardly ever get matched Snooker has gone completely for me |
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I suspect prices moving against you every time is BECAUSE the pictures are slow, Wit-ham, rather than anything more sinister. It is clear we're often 5 secs+ behind live, which is just unforgiveable in this day and age....
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Idid think that but it is every time and even if nothing is happening i.e change of over it always moves the opposite way to whether you trying to back or lay.and when you cancel it moves back.For years bets have disappeared as about to be matched and they not matched by anybody else
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Can I ask how you're placing bets? Are you using the BF website?
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Yes on a laptop i even thought years ago (did mention it on here)i thought my be two markets on the same event
as wierd as that may seem,or large bot manipulation As would think i might get it right once or twice in a hundred bets without it moving the other way |
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All I will say is that the default refresh rate on the BF website is looooooong (10 secs+), so unless you're manually clicking the refresh button all the time, what you're seeing is potentially very old data.
I use one-click software (Gruss Betting Assistant) with a 1-second refresh rate, and I've never experienced what you do, and I'm on here most days. The markets are moving all the time, literally. |
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Thanks for the replies Latalomne think my normal delay is 7-8 secs
Y |
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That's still a lifetime in BF terms... I'd be amazed if you didn't notice a massive difference in your hit rate if you gave one-click a go. You can get a 30-day free trial with Gruss.
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I probably don't bet enough to make it worth while, i pay 2% on here on any winnings
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Fair enough. IMHO, it's the best £6 a month you can spend
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maybe i'll have a look cheers
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wit-ham, even if you don't bet enough to make Gruss worthwhile and just stick with the BF website, you still don't have to put up with a 7 or 8 seconds refresh rate.
Go to "Settings", then select "Betting" - you can then use the "slider" to choose your preferred refresh rate at anything between 1 second and 15 seconds - just adjust it to 1 second. |
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And, underneath that ^^^, ticking the `highlight when odds change` option makes any changing prices temporarily go yellow, easy to notice
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To be fair Lats, since I last used the website, they have invested very heavily to encourage new customers onto the exchange - they have also...........
Nope, sorry, can't think of anything else, I think that's actually it. They have invested all of the PC collected in the past dozen or so years on a refresh-rate slider. And the OP is wondering, who killed Betfair? |
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Suicide?
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Assisted Suicide KC.
They realised they couldn't put the Genie back in the bottle - so they decided to starve him to death slowly imo. |
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Cheers all
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It's all over.Just bot v bot .
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Perhaps not--but they do penalise consistent winners by increasing the commission rate
and it starts at well below £250K. Dermot Desmond recently bought it back. It will be interesting to see if he has renewed interest in getting it off its feet following the early betfair model and keeping charges to a minimium. Cant help but think there is a huge market here to take advantage of disgruntled betfair customers. The exchange getting a facelift who be an easy win to get things started. |
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went downhill fast as soon as they joined forces with padd y powe r
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They need to do something.The exchange is sinking as fast as the share price.
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I wonder if the opportunity for traditional exchanges is shrinking by the day. exchanges and prediction markets on crypto platforms looks like it will probably be the future at this point.
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Not surprised no one can deposit money anymore with these affordability checks. Anyone know of any back street bookmakers?
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Not surprised no one can deposit money anymore with these affordability checks. Anyone know of any back street bookmakers?
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Running a successful betting operation is about keeping losing punters happy and coming back.
Bet365, Unibet, Betway, Skybet, William Hill and Paddy Power did this far better and killed the Betfair Exchange. The exchange never found a way to attract enough losing punters to sustain their growth after the initial impact. When the bookies fought back with offers such as Best Odds Guaranteed, free bets, 6 places and all the rest of it the exchange failed to fight back. The first race that had over a million matched was on Russian Rythm in the Cheveley Park Stakes in 2001. Before 2008 many races had over million matched. Even maidens. Now it is rare. The winners made so much money in the first few years and the losers were drawn to the bookie offers. The exchange did not compete with the offers the bookmaker gave to losing punters. Bookies can price up early and deeper for losing punters because they can restrict winners. Not sure how an exchange can ever get round that problem as market makers pricing early just get picked off. Betfair had a chance in 2008 to address this and use the Premium Charge millions to give cashback to losers constantly contacting them with bonus (re)funds. They could also have incentivised early market makers. Betfair chose to keep the cash for themselves and get higher short term profits for their IPO. They cashed in but in the process but sent the exchange on a downward spiral. Lack of international growth due to it being easier to get sportsbook licences than exchange licences also slowed growth. |
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BF worked out that they were paying out millions in overheads attracting losers to the exchange and receiving crumbs when they lost their dough to the shrewdies who just had to turn their computer on.
Surely you didn't expect that to continue ? The matched numbers actually mean little without knowing the extent of the ping pong trades. |
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I think the exchange is on it's last legs now.Hope pp/betfair save it.5 years max.
The real liquidity gets worse ever day. |
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I am seriously considering leaving forever this year.
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The politics offering is derisory compared to another exchange.
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Remember they have started to close the side markets down and the place only on the USA horse racing.
Once the Betfair forum is closed down ,then you know it is the beginning of the end for the Betfair exchange. Very sad to say this. |
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The exchange has been completely ruined by the Premium Charge. Why pay it when you don't get charged by competitors?
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Because the liquidity isn't matched across the board. On some markets, if you want to get matched, you have to bite the bullet.
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If the Premium charge is scrapped I promise to chuck £5000 and boost all the odds in the first race at Mountaineer Park
USA like I used to at the Great lakes downs in the past. Basically you get free money if you have been losing all day. If the price should be 3/1 I offer 5/1 etc .We had great times pre PC TAX and we would all have the first race at Great lakes downs at about £500,000 when there was only about $3000 in the tote pool at the off. Maybe one day they will remove this hated Premium charge.I hope the declining exchange last that long. |