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First thing I noticed was that there's no liquidity for American racing anymore.
Ok, no big deal, it's pretty poor stuff anyway, but now I'm noticing that the Bags greyhound meetings are going the same way.
Back price is often 4.4 with the lay being 19.0 and this as the dogs are approaching the traps.
It looks like the beginning of the end to me.
Ok, no big deal, it's pretty poor stuff anyway, but now I'm noticing that the Bags greyhound meetings are going the same way.
Back price is often 4.4 with the lay being 19.0 and this as the dogs are approaching the traps.
It looks like the beginning of the end to me.
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annual figures,revenue up 21% to £476 million, profit before tax £101 million.
52% increase in active customers. looks like your into the wrong sports. |
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did it say which sport is increasing at such a rate
 i would guess it is the betfair BOT doing all the profit making |
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it's an online casino nowadays
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The slots are up, the roulette is up, bingo is up - basically it's all they are promoting.
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revenue up 21% to £476 million
how much of that is sportsbook compared to exchange ? |
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does not give a breakdown.
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the share price would suggest not OP
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2014 Breakdown had total revenues of £393.6m, with Exchange accounting for 62% (£244m) of those, and the Sportsbook 9% (£35.4m). Gaming = 17% (£66.9m), Betfair US = 12% (£47.2m)
Will be interesting to see the figures in the 2015 report, but I wouldn't be at all surprised if exchange revenue was less that £244m |
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from the impressive growth betfair have had in the last few years , it is not reflected in the horse racing markets , the total matched is still lower than what it was 7 or so years ago
probably football and other sports have grown and also sportsbook . I would say the majority is sportsbook and games |
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..interestingly, in the 2015 preliminary presentation, it looks like Sportsbook and Exchange have been merged into 'Sports', where revenues increased 17% (£47.5m) from FY14
Gaming Revenues increased 34% (£22.3m) and US revenues 29% (£13.1m) So, overall revenue was up 21% (£82.9). However £16m of this was World Cup specific, so excluding the WC, 'Sports' revenue is up £30m, which is just over 10% (10.6%) http://corporate.betfair.com/~/media/Files/B/Betfair-Corporate/press-releases/2015/fy15-prelims-presentation-17062015.pdf |
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Some ****-packet calculations using a few figures mentioned in the Annual Report (http://corporate.betfair.com/~/media/Files/B/Betfair-Corporate/press-releases/2015/fy-15-results-announcement.pdf)
FY14 Exchange Trading volume = £52.8bn. Revenue from this was £244m (0.00462%) FY15 Exchange Trading volume = £55.3bn, so using the same profit %, we can guess/assume revenue from this was £255.58m (I did say this was **** packet stuff!) This would guesstimate exchange revenues were up £11.55m (Rememeber, combined WC specific revenues were £15.9m!) This would then lead to the assumption that Sportsbook revenues are up around £35.95m, which would mean they've doubled Sportsbook revenues in the last 12 months, with the Exchange revenues increasing by under 5% (4.7%). Take away the World Cup, and it's not too silly to assume that exchange revenues could be the same (or perhaps even lower) than FY14 |
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*** = cigarette
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If they merge the figures into one they seem to think nobody will notice anything! I am unsure how the sportsbook makes money as they seem to just ban everyone.
Regarding the share price, how is it as high as it is at the moment. It was below a fiver a couple of years ago and the product just seems to be worse! Surely the sportsbook and slots can't multiply the value fivefold can it in a couple of years? Does the poker still exist? I used to play a fair bit until they decided to mess about with it, and seemed to do everything possible to p1ss most of their customers off who just went elsewhere. |