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paddy power/betfair merger?
paddy power/betfair merger?
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The Baldie racecourse t0te contract does not have many years to run. The racecourses can go it alone or band together after that.
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By end of 2017?
Exchange ends 33/1 Exchange commission in UK/Ireland has risen to the unworkable levels currently imposed on users in most other parts of the world? EVENS |
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The exchange was always going to be in trouble once Betfair became a public company. As screamingetc says the accountants will have noticed that a lot of the mugs money goes to other customers not to the company. They can't have that.
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Betfred raised the percentage take out on the Tote saying it was to attract overseas punters What they should have said was ''we don't want The Tote competing with our bookmaking arm''.
The correct way of operating The Tote to compete would have been to reduce the percentage take out on a race to race basis depending on turnover for each individual race or market |
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Victor tieing up with Lidl - does that mean some of us will not be allowed do business with Lidl?
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What theoretical percentage of turnover does the average recreational punter paying 5% commission lose on the exchange? About 3% presumably.
What theoretical percentage of turnover does the average recreational punter lose on a sportsbook with a 20% overround? About 16%. No way P Power will be taking over Betfair and allowing that situation to continue. And it IS a takeover. A merger is 50/50. Fifty-two per cent to P Power and 48% to Betfair is a takeover in my book. |
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Stow - the exchange won't end, not in the immediate future. That's not the point though. I'll give you an analogy.
There is a burger chain down South, Jenny's burgers. Used to be a fair few but most have closed. Those that remain haven't been refurbished for decades, aren't really 'looked after' and left to their own devices. They still have some custom, they cost little to run but effectively aren't being promoted or encouraged to grow, they are dying slowly as a business in effect. They'll plod on for a bit longer and eventually this 'state of nature' of basically abandonment and lack of investment will cause them down the line to be unnecessary/unprofitable so that even the few people that do use them stop going in, leading the owner of Jenny's to cease running them. Now say Jenny's is owned by McDonalds PLC for argumenets sake. All the investment from the company goes into their shiny new branches(the sportsbook) with all new products, fruit smoothies, pastries, new flame grilled stake burgers, price cutting deals (casino, games, price offers vs other bookies)....now you're an average man walking down the street....what are you going to go into....a branch of Jenny's or a branch of McDonalds....even if they are owned by the same company. One business is being promoted, pushed, airbrushed, invested in....the other isn't. And even if it is...in comparison to the promotion of the other, only a mere fraction. Forgive me going slightly off tangent but that above is what's happened, is happening at Betfair and will continue to happen until finally the usefulness of the exchange in all dynamics ceases as all the new blood goes to the sportsbook. Or to take it back to burgers, the old boy who likes his Jenny's burger passes away or stops going and all the new kids attracted to the lights end up in McDonalds and stay there without even giving Jenny's a second look. So though it won't cease tomorrow....the one way decline and push of the other brand only leads to one possible outcome for the BF exchange...in essence though it doesn't cease to function today that outcome is inevitable it's just being stretched out through a longer period of time. |
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We only have to look at the advertising taking place now which is all for the Sportsbook and none for the exchange.
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To add, this merger today only exacerbates and accelerates the decline of the above scenario. It has been the way of things for a while (rapidly declining liquidity across smaller markets and even on some bigger ones) and the lack of a push of the exchange from BF HQ. If the exchange was a formula one car running already low on petrol, well it blew a tyre today that's for sure.
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once ......... line signed
52% pp betfair c.e.o won't know what's hit him  |
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Betfair Exchange is a unique and profitable brand PP would be crazy to kill it off,i think we all agree service has been poor in recent times and i can only see things improving under PP.
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Why would they promote a brand with a far less profit margin in direct competition with their other brands.
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is the exchange as profitable as their sportsbook?
where they see more profit they will push in that direction. if you had a business you would too unless your thinking was what is best long term. |
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Betfair revenues boosted by sportsbook growth
6 March 2014 Online gambling company Betfair has cited the growth of its sportsbook business as the main reason for a year-on-year jump in revenue during the three months to January 31, 2014. Analysis: Betfair's exchange-sportsbook integration could be the game-changer The firm posted revenue of £95.4 million (€116.1 million/$159.5 million) for the first three months of 2014, a 5% increase on the £90.5 million recorded in the corresponding period last year. Underlying EBITDA also grew 28% from £15.8 million in the quarter of 2013 to £20.2 million in the most recent quarter. Betfair put the increases down to a 27% jump in sportsbook revenue, which grew from £7.5 million in the first of 2013 to £9.5 million in the first quarter of 2014. The firm said that the growth in sportsbook revenue was due to a 68% increase in mobile revenue, which now represents 60% of its total sportsbook revenue. The company also recorded slight increases in revenue for both its exchange and gaming operations. |
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xmoneyx,
He got paid £11.6m last year for running Betfair so I dont think he will be bothered. He might even have some shares in PP stashed away considering he run it pre-Betfair. |
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Thats a funny one, the notion that service is going to improve now that Power has taken over.
You will get nice treatment if they think you can win. |
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the problem for the tote is the oncourse tote market is not profitable tote profits came from the shops and internet
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It would be very difficult to bet with bookmakers again for me also, throwthetelly.
No more betting in place only markets and no laying etc. |
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I would certainly give up if there isn't a viable exchange. I have been interested in racing since well before I could bet but until I got on Betfair in my mid-50s I had probably averaged 4 bets a year and much of that was on-course. The point being I win on Bf. Not a lot but enough to keep me interested. I KNOW I can't win backing with bookies.
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Sparrow I used to punt online with Sportingbet before i joined Betfair,i couldn't go back to that after Betfair.
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That is not how P Power and its shareholders will see it. They'll reckon all you need is more expensive advertising and more special offers and you'll switch to the sportsbook. If you don't, then they'll appoint new executives who can talk enough management boll0cks to pretend that THEY can do the job better.
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The people that use the exchange regularly are losers, they wont see anything wrong with losing regularly on the sportsbook.
Bar a few fast picture men, and people who specialise in laying non triers can win on the exchange, everyone else loses even though you wouldnt have thought so if you were reading this forum. |
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Not true jimeen. I am not a big player but I win. I don't really play i/r and I have no idea what the non-triers are.
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The so called industry odds compilers must be hoping the exchange does not go, as they will have no clue where to start with pricing things up.
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agree with SS.
there are good punters who will win long term. losers think there cant be. |
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So where do you do your punting, jimeen?
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Commission to 8-10 % ?
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Salmon, even by your own admission you dont win alot . So i am including tiny winners in that bracket.
If you were winning anything substantial then you would qualify for premium charge which automatically renders long term winning impossible. |
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I would still just about be winning if commission was 10% but I wouldn't necessarily have confidence that I could continue to do so. It MIGHT make me give up.
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that's wrong Jimeen you can be a big winner here and not pay PC , if you are a position taker and not a trader .
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or a fast pic player ,laying fallers etc
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I am a recreational punter jimeen but I am up by 5 figures overall. It's certainly not a living but I don't need to make a living from gambling. I have a hobby that has paid for several holidays. That'll do me.
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You cannot be a big winner here and not pay PC, and that is a certainty.
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whats a big winner in your eyes ? I think you are wrong
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Thats fair enough salmon, you may be a winner but not a huge one as you say, so you dont qualify for the PC.
Recreational punters will have no problems whatsoever with this takeover. |
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A big winner is somebody who could get even a modest living out of it, and that isnt allowed.
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jimeeen if you are a position taker , a gambler with high turnover you can win and not pay PC .
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D'oh me no understand please explain what that means and how it works whatdifference ??
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