New Posts For Thread: Flutter chief calls for major change and claims racing has become 'unprofitable' for bookmakershttps://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakersBookmaker's were part of the problem imo! However that being said Uk racing is totally screwed imo! https://www.racingpost.com/news/britain/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers-ac30p8y2TVGX/"Yes transfer money from Wolverhampton to Ascot." That's the way it's going sparrow right or wrong. Fred Done said 2 weeks ago racecourses will go. Racecourses have all been in the same league. That will change. But the good news is when the smalhttps://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564172597#564172597"Yes transfer money from Wolverhampton to Ascot." That's the way it's going sparrow right or wrong. Fred Done said 2 weeks ago racecourses will go. Racecourses have all been in the same league. That will change. But the good news is when the smalWed, 24 Jul 2024 06:49:14 -0500unitedbiscuitsBetfair haven't broken out their sport-by-sport revenue since forever - in 2011 they said Football revenue had overtaken Racing, but that was in the Exchange-only days.I thought - but don't know for sure - that Football was higher-margihttps://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564172509#564172509unitedbiscuitsBetfair haven't broken out their sport-by-sport revenue since forever - in 2011 they said Football revenue had overtaken Racing, but that was in the Exchange-only days.I thought - but don't know for sure - that Football was higher-margiWed, 24 Jul 2024 05:18:19 -0500dambuster has hit the nail on the head.Bookies churning through the punters and binning any they think might cost them a few quid, this is obvious with account closures and restrictions. This in turn is turning a lot of people who genuinely like horshttps://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564171999#564171999dambuster has hit the nail on the head.Bookies churning through the punters and binning any they think might cost them a few quid, this is obvious with account closures and restrictions. This in turn is turning a lot of people who genuinely like horsTue, 23 Jul 2024 15:53:13 -0500But they can only attract these punters from their customer base,so they have to offer racing,even if it’s a loss leader,which is laughable,to attract them.Their other problem is,They have a lot of vip punters,who bet a lot.which they can afford tohttps://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564171923#564171923But they can only attract these punters from their customer base,so they have to offer racing,even if it’s a loss leader,which is laughable,to attract them.Their other problem is,They have a lot of vip punters,who bet a lot.which they can afford toTue, 23 Jul 2024 15:20:16 -0500They're only after addicted slot addicts these days. They don't want punters backing their judgement on live sports. Win or lose. They want you to lose your money THEIR way not YOUR way..https://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564171891#564171891They're only after addicted slot addicts these days. They don't want punters backing their judgement on live sports. Win or lose. They want you to lose your money THEIR way not YOUR way..Tue, 23 Jul 2024 15:13:18 -0500Bookies cannot pick and choose what bets they'd like to accept. Other industry providers eg retail, transport, energy, etc, do not, why bookies? If the kitchen is too hot, just get out, bookies. And, stop whinging. Your service is not a necessity orhttps://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564171741#564171741Bookies cannot pick and choose what bets they'd like to accept. Other industry providers eg retail, transport, energy, etc, do not, why bookies? If the kitchen is too hot, just get out, bookies. And, stop whinging. Your service is not a necessity orTue, 23 Jul 2024 14:31:45 -0500Maybe..but you’ll never see the books.Imagine flutter says,we now don’t take bets on racing,but lump on the footy.A bacon butty shop,might break even on its bacon buttys,but rake it in on their egg buttys.Racing covers their core overheads,so ithttps://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564171733#564171733Maybe..but you’ll never see the books.Imagine flutter says,we now don’t take bets on racing,but lump on the footy.A bacon butty shop,might break even on its bacon buttys,but rake it in on their egg buttys.Racing covers their core overheads,so itTue, 23 Jul 2024 14:26:59 -0500No, longbridge, more money bet on football etc but better margin on horseracing. No horseracing, no betfair.https://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564171731#564171731No, longbridge, more money bet on football etc but better margin on horseracing. No horseracing, no betfair.Tue, 23 Jul 2024 14:26:15 -0500On the Flutter "we make nothing from Racing" thing.I had a look at their 2023 Annual Report online. Their total UK and Ireland revenue from Sportsbook and "other" (which I guess is Exchange) excluding "iGaming" is about £1.2bn.I think it's fair tohttps://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564171727#564171727On the Flutter "we make nothing from Racing" thing.I had a look at their 2023 Annual Report online. Their total UK and Ireland revenue from Sportsbook and "other" (which I guess is Exchange) excluding "iGaming" is about £1.2bn.I think it's fair toTue, 23 Jul 2024 14:21:13 -0500How does that work? When a bookie puts up a price - say 5/1 - 20million Australians can pile on, and all must be accommodated at that price..for 50 AUSD.Is that not correct?https://community.betfair.com/horse_racing/go/thread/view/94102/31848735/flutter-chief-calls-for-major-change-and-claims-racing-has-become-unprofitable-for-bookmakers?post_id=564171699#564171699How does that work? When a bookie puts up a price - say 5/1 - 20million Australians can pile on, and all must be accommodated at that price..for 50 AUSD.Is that not correct?Tue, 23 Jul 2024 14:13:26 -0500