General Betting
There is currently 1 person viewing this thread.
These 86 comments are related to the topic:
Who killed betfair?
Who killed betfair?
sort by:
Show
per page
Replies: 86
|
By:
Why pay Premium Charge when there are alternatives?
|
|
By:
politicspunter, I have been using the other exchange on and off ever since I got hit by Premium Charge in 2009 (due to a flukey, lucky big win). I was so furious about unjustly falling into the trap that I left Betfair for a few months. But there wasn't the liquidity in the Bdaq markets when I needed it. And I came back. Then when Bdaq went to 2% commission I started using them more. But the problem is liquidity. If every one got together and all went to the otherside, we would all be better off, but I am afraid people can't see the advantages.
I haven't paid premium charge since 2014, but I am still affected by it due to former big players (on here) having left due to the Charge, resulting in low liquidity. But they don't seem to have reappeared on the other exchange. More likely they have just gone.  |
|
By:
I don't use Bdaq, I use Smark.
|
|
By:
How do you find it on Smark? Is there liquidity?
|
|
By:
I have been with them for a few years now and found them fine. Obviously, 90%+ of my bets are on politics but on the occasions I have had a bet on football or bigger National Hunt races there appears to be plenty of action. I really can't be certain about normal racing/football on a lower standard though. I guess the only way to find out is to try them for a week or so.
|
|
By:
2023 it's a sad place now the exchange.Cannot last much longer.If they got rid of the PC charge they would be back to the races again.
|
|
By:
In answer to the opening post.the big 4 killed Betfair,they finally got it.
To all the pc killed it.if most pc payers,lay or trade,then you need new or repeat customers ,so like bookies pay for pitches,Betfair charge you for them creating new customers. Betfair will survive,cos it’s an industry liability insurance scheme. Smaller bookies,pitches,need to edge liabilities off to someone,so the exchange services this. Punters will bet here cos bigger odds on a lot of runners,but the fun bet punter dosent really benefit,espically since they stopped multiplies on footy and horses. New 18 year old customers,whose gateway drug is football accas,won’t bet on exchange.so the big four which Betfair is now one of them want an even playing field. It was a great idea,but most average punters don’t really want to lay,they just want a fun bet,so the trading aspect is irrelevant to them. Now paddy controls it,it will just blend into the betting industry,with the exchange being a clearing house for individual high liabilities. It’s a bit like auto enrolment pension schemes,they want you to pay a big provider ,rather than investing yourself. The on course market would collapse if Betfair wasn’t here to cover them. |