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26 Oct 11
08:42
Joined:
Date Joined:
10 Mar 03
Here's a cunning plan.
When I'm overs on a long-term market let me "cash in" some of my winnings.
Example
Say I had been laying all horses in the Grand National 2012. By Christmas I might be overs for £100. Any new additions to the
market will immediately be winners for me, because I'm a layer. So, why not allow me to "cash in", say, £90; place a lien against
the market on my account; charge me 5% commission and carry on?
Advantages to Betfair
1. Frees up liquidity for use in other markets
2. Triggers a commission payment immediately
Advantages for me
1. Frees up liquidity for use in other markets
When I'm overs on a long-term market let me "cash in" some of my winnings.
Example
Say I had been laying all horses in the Grand National 2012. By Christmas I might be overs for £100. Any new additions to the
market will immediately be winners for me, because I'm a layer. So, why not allow me to "cash in", say, £90; place a lien against
the market on my account; charge me 5% commission and carry on?
Advantages to Betfair
1. Frees up liquidity for use in other markets
2. Triggers a commission payment immediately
Advantages for me
1. Frees up liquidity for use in other markets
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As an insurance policy against void races, acts of god etc. you could offer to buy my position.
You could charge me, say, 8% commission instead of 5% - with the insurance premium set for each
market to reflect the likelihood of a disaster.
You could charge me, say, 8% commission instead of 5% - with the insurance premium set for each
market to reflect the likelihood of a disaster.
how about you just manage ya own money better and deposit more.
tar
tar
A bird in the hand is worth two in the bush Delts. You're not telling me that you wouldn't
rather have your money than letting it languish in BF's client account?
rather have your money than letting it languish in BF's client account?
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