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paddy power/betfair merger?
paddy power/betfair merger?
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Replies: 170
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jimeen 26 Aug 15 11:26 Recreational punters will have no problems whatsoever with this takeover.
That is nonsense as many punters like to play in place only markets and also laying etc. The punter has far less choice into what markets he can play with bookmakers. |
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You don't pay PC if you pay more than 20% of your winnings in charges. I am nowhere near paying PC as I have paid 36% or so in charges. In theory if I upped my stakes by 10x I could make a living and still not pay PC.
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throwthetelly .... I need someone more eloquent than me to explain properly, but I presume most people are greening up trading all the time so you are very rarely losing , so eventually you hit your threshold and then pay PC , if you are a fast pic player who very rarely has a losing day you will pay PC , but if you are a position taker/gambler then you will have many losses against your wins , so you can win plenty but you will lose plenty also , so can be in profit by a big amount and not pay PC , but will pay a lump of commission relative to your overall profit , that's my best effort at explaining
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"Both companies said the deal is being finalised with a view to maximising benefits to shareholders and other stakeholders "
How about stop focusing on the City and get back to looking after the customers, but they don't care about customer concerns, just find a way to make more money and screw 'em. Question now, Where is betfair heading in 2016 and beyond ? |
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They have a legal duty to their shareholders not their customers tbf.
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Come back Mr Black - all is forgiven. Need someone to develop a horse racing p to p exchange that works, without crashes and offering a superlative alternative to the shadow of the site that used to be Betfair.
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The original founders lost interest when they realised they weren't going to become mega-rich because they couldn't expand geographically ( especially the US ). So they settled for being very rich and sold up.
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basically,the principal idea of an exchange was the ability of a gambler to do what prior to the advent of the exchanges he wasn't able to do..i.e. be a player and if need be a layer..get in & out of markets,sometimes multiple times(5 day cricket test,golf tournaments) if he so chose..not to have to wait until the expiration of a contingency like a 'normal' bet.So,to compete somewhat some bookies started to introduce 'cash outs'.
now the 'enemy' takes over..is he really going to allow the continuance of that which is cutting his own throat? what are the legal issues if they just decided to do away with exchange betting?Can they do this?Or will they just do it insidiously by raising commission to a level where it becomes a non sequitur 4 the punter? would everyone just down tools and then relocate u know where or does my cynical ole head tell me that there will be some collusion behind the scenes such that the 'owners' of the other place ensure that what could happen here will equally play out there..sayonara exchange betting..back to the good ole days for the bookie chappies..guess time alone will tell. |
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Jimeen: Lots of big winning markets and lots of slightly less big losing markets = big overall profit and no PC.
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sparrow 26 Aug 15 10:51
Why would they promote a brand with a far less profit margin in direct competition with their other brands. ----------- G1_Jockey_4 26 Aug 15 10:51 is the exchange as profitable as their sportsbook? -------------- Didn't the latest Betfair ACCOUNTS show that over 60% of it revenues came from the EXCHANGE. That 60+% being guaranteed RISK FREE COMMISSION - a continual 'cannot lose' CASH FLOW that any company would give their right arm for. What company, merged or not, is going to 'turn their nose up' at that nirvana scenario? |
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In-play terminals in the shops using fast pics ?
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Screaming, so you have to lose the bulk of what you win to avoid paying premium charge, that sounds very clever.
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Jimeen 11.20 " if you were winning anything substantial you would qualify for PC", i know of two accounts one for £7k and another £10k(both sterling),do you think that is a lot over the course of a few years? It isn't and anyone caught with that wouldn't be shedding tears today. They have some chance(might be a bit slim alright) with PP involved that the unfairness of the charge will be rectified,they had none under the current set up.
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Pa, i dont actually to be honest. Say 10k over 2 or 3 years, thats not even a 100 a week.
No disrespect but a sparrow couldnt survive on that. |
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Let's face the fact guys
2001-2008 Incredible innovative business idea, huge growth, excellent customer satisfaction levels and highly profitable risk free business model. 2008 Premium Charges introduced and Betfair Exchange wobbled with a hard punch. 2011 Premium Charges increased to 40%-60% and Betfair Exchange now in a coma. 2013 Betfair Sportsbook launched and Family now deciding the best drugs to kill off the Betfair Exchange. 2015 Betfair/Puddy Flower merge and life support switched off. For me the Fair part of Betfair left in 2008 and the soul left with it. Betfair RIP 2001-2008  |
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My point Dave is that you shouldnt have this rubbish charge hanging over you at all. You shouldnt have to watch what commission you are paying, you shouldnt be wondering am I in line to pay it this week or the next either. Likewise you shouldnt have to worry whether its 20% or 40%.
And you most certainly shouldnt have to lose bets or even increase your amount of bets to avoid paying the winners tax, and that is actually what it is, no more nor no less. It isnt a premium charge, its a winners tax. |
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sparrow sayed he could...
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Sayed I could what, Delta?
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....feed the boids....
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£3 a day Jimeen in the case of the £7K, no bots either.
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What is a boid please, ton of sobs?
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14:03 ..
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I honestly looked at the date of the opening post expecting to see april 1st
I thought it was an old thread brought to the top  |
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No need to delta. Us baby boomers and all that............
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My point exactly Pa, thats it in a nutshell. Miniscule winning accounts, basically recreational ones will be tolerated but even moderate winners will be sent packing in no time.
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sparrow sayed he could...
 joker |
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pablo-fanque knows everything. Or thinks he does.
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Look, jimeen. Here's the last 3 months. Not brilliant, but it's a profit and not a chance I will ever pay PC or feel i "hanging over my head", as you put it.
Period: Download to Spreadsheet ? (relates to event settlement date) (yyyy-mm-dd hh:mm) to (yyyy-mm-dd hh:mm) Cricket: £1,464.79 | Horse Racing: £1,513.02 | Soccer: -£533.29 Total P&L: £2,444.52 Cricket Showing 1 - 20 of 40 markets Market Start time Settled date Profit/loss (£) Cricket / Sri Lanka v India (2nd Test) : Match Odds 20-Aug-15 05:30 24-Aug-15 08:05 121.01 Cricket / Leicestershire v Somerset : Match Odds 18-Aug-15 10:30 18-Aug-15 15:29 -372.69 Cricket / England U19 v Australia U19 (3rd ODI) : Match Odds 17-Aug-15 14:00 17-Aug-15 20:33 -4.44 Cricket / Somerset v Surrey : Match Odds 17-Aug-15 10:30 17-Aug-15 17:48 173.79 Cricket / England Women v Australia Women (Only Test) : Match Odds 11-Aug-15 11:00 14-Aug-15 17:06 80.73 Cricket / Warwickshire v Essex : Match Odds 13-Aug-15 18:30 13-Aug-15 21:33 16.69 Cricket / England v Australia (4th Test) : Match Odds 06-Aug-15 11:00 08-Aug-15 11:40 869.72 Cricket / England v Australia (3rd Test) : Match Odds 29-Jul-15 11:00 31-Jul-15 15:52 583.42 Cricket / Glamorgan v Kent : Match Odds 28-Jul-15 14:00 28-Jul-15 21:24 -416.64 Cricket / Natwest T20 Blast 2015 : Winner 29-Aug-15 18:45 24-Jul-15 21:59 -2.00 Cricket / Hampshire v Somerset : Match Odds 23-Jul-15 18:30 23-Jul-15 21:09 -63.27 Cricket / Sri Lanka v Pakistan (4th ODI) : Match Odds 22-Jul-15 10:00 22-Jul-15 17:26 564.86 Cricket / England Women v Australia Women (1st ODI) : Match Odds 21-Jul-15 10:30 21-Jul-15 17:26 54.55 Cricket / Trinidad and Tobago v Barbados : Match Odds 17-Jul-15 01:00 17-Jul-15 04:34 -1,149.48 Cricket / Scotland v Afghanistan : Match Odds 12-Jul-15 14:15 12-Jul-15 17:26 -44.02 Cricket / England v Australia (1st Test) : Match Odds 08-Jul-15 11:00 11-Jul-15 17:07 148.13 Cricket / St Kitts v Guyana : Match Odds 08-Jul-15 23:00 09-Jul-15 03:30 -970.95 Cricket / Lancashire v Yorkshire : Match Odds 03-Jul-15 18:30 03-Jul-15 21:15 -14.32 Cricket / Somerset v Gloucestershire : Match Odds 03-Jul-15 17:30 03-Jul-15 20:37 -111.00 Cricket / Surrey v Gloucestershire : Match Odds 01-Jul-15 18:30 01-Jul-15 21:23 5.86 |
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That's the key screaming , winners and losers in your P/L , as I said Jimeen you can win plenty of money on here and never pay PC , BUT be prepared to have plenty of red on your screen and get used to paying lots of commission and if it goes wrong you do your absolutes , that's why its called gambling.
don't get me wrong I get your point and obviously people who are having to suffer PC every month have every right to be fcked off |
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jimeen
jimeen 26 Aug 15 14:03 Joined: 26 May 04 | Topic/replies: 988 | Blogger: jimeen's blog Pa, i dont actually to be honest. Say 10k over 2 or 3 years, thats not even a 100 a week. No disrespect but a sparrow couldnt survive on that. sparrow, I was laughing at deltas wit regarding jimeens comment above, not taking the p!ss out of you . |
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Apologies pablo-fanque for jumping the gun.
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New definition of 'oxymoron': Paddypowerbetfair'
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to which delta replied
sparrow sayed he could... ok ? |
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no worries sparrow
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Some lengthy and very interesting contributions on this thread. It would be nice if those involved in this proposed merger read some of them. I'll make mine brief, but hopefully to the point - If they remove the exchange I'm sorry to say that I'll be removing my custom...
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Time for a New exchange me feels
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same here
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