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paddy power/betfair merger?
paddy power/betfair merger?
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Replies: 170
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Why would the exchange be removed if it continues to make more money than it costs to run?
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wish i hadnt posted it now ..
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So I should think so, Delta.
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I think some people have an emotional attachment to Betfair because they were seen as the good guys of the betting industry rather than the traditional bookmaker being the enemy.
The reality is you can make more money from being a traditional bookie than an exchange so the word betrayal is hardly appropriate. Its just business. Betfair becoming a traditional bookie was a bit like the Labour party's transformation into New Labour. Starting a new political party or bookie from scratch is difficult its a lot easier to take over an existing one from within and turn it in a new direction. |
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I had one bet with a bookmaker in the last 5 years and that was because the market I was in [rugby] stopped working on betfair ........... I made a loss of about £120 on betfair - one I could do nothing about and for which I wasn't compensated by betfair.
Of course I rang and complained but the young person on the help desk took a while to understand I was using the exchange and then failed to understand that my loss was caused by betfair failure. |
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Wesdag ,
They may think if they close it exchange punters will stay/change to sportsbook and they will make the extra money without spending anything. But they would be wrong imo |
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Wesdag ,
They may think if they close it exchange punters will stay/change to sportsbook and they will make the extra money without spending anything. But they would be wrong imo |
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All here on this thread, wesdag.
Close the exchange and make more money by accommodating losers on the sportsbook. That's the sole reason for this takeover. In the mind of P Power and the Betfair CEO, losing punters on the exchange are losing too much to the winners and too little in commission. P Power and the Betfair CEO want the lot. Winners can go f@@@ themselves. |
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I seriously doubt the exchange will be closed so long as revenue exceeds cost - simple business logic.
Betfair has shown there is a demand for an exchange and that it is profitable so if it were to close down it wouldn't be too long before another one started up. |
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Well how is bet £200 get it doubled ( 3 65 ) simple money making business logic ?
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Mass migration to purple .No brainer .Hence it WILL NOT CLOSE.
Why would yo wish to line the pockets of Badblokes/Coruls |
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I cannot believe for 1 minute that the exchange will be closed; would Betfair's share price really have rocketed today if that was the case? More likely that Power will eventually take over the Betfair sportsbook; a great deal for them as they would then have access to who is backing/laying what on the Betfair exchange. The exchanges are here for good imo unless legislation outlaws them which is unlikely.
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if it were to close down it wouldn't be too long before another one started up
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or everyone just moves to purple
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exactly, exchange technology exists and exchanges work. There would be others in the extremely unlikely event of this one ending.
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You don't have to physically close the exchange. All Power and Laddies have to do is on the same day raise commission on here and the Daq to 10% and/or abolish discounts and the exchanges will die of their own accord. And both firms will then have all those losing punters to milk far more profitably via their sportsbooks and casinos.
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So what's stopping another exchange from starting up if that domesday scenario were to occur?
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You don't have to physically close the exchange. All Power and Laddies have to do is on the same day raise commission on here and the Daq to 10% and/or abolish discounts and the exchanges will die of their own accord. And both firms will then have all those losing punters to milk far more profitably via their sportsbooks and casinos.
and hope no one else starts an exchange ? |
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The exchange will NEVER close ! End of ! Financial suicide.
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The exchange is the ultimate hedging tool for a bookmaker (be that BF or PP) - it won't be going anywhere any time soon.
Build a 110% book on Sportsbook - win once. Offload unwanted liabilities to exchange - win twice (comm. + PC) Plenty of sportsbook money filters through to the exchange once Betfair has cleaned it. Turning off the exchange would make no sense for any party. |
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Would take months at the very least for any new exchange to gain enough punters, turnover and credibility to attract the losers Power will be accommodating on the back of this takeover.
In fact, with Power having the losers on their book, how would any new exchange ever get going? It's the losers who provide the wrong prices and value and hence attract the liquidity. |
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What is the point of P Power taking over Betfair, unless it's to make more money out of the losers on here? And how can they do that unless they're either removed from the exchange or charged more commission to the point the exchange model collapses?
Power's and Betfair's shares rocketed on news of this deal, plenty more than any efficiency drive alone would warrant imo. To my mind the market is assuming the current punters are going to be a lot worse off somehow through this deal. |
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the only time i use sportsbook is when they happen to have better prices than anyone(and they are getting too cute so that's a rarity)or when i want to do a dbl OR multiple and their prices are competitive to within a few fractions when i've got money here and can't be ar*ed to deposit money elsewhere to get a smidgeon better price
other than that i exclusively use the exchange so what i am basicallty saying is those on betfair to use the exchange wouldn't necessarily switch back to betting as it used to be unless there was absolutely no viable alternative in fact it might make ppl bet less often and more profitably |
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Wouldn't dispute that, johnnythebull. But I can still see P Power doing a lot of damage and causing a lot of grief while they and their Betfair CEO flail around trying to snare and squeeze the people they consider addicts (i.e. their customers).
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if daq did that then it would just open up the market for a new player.....its about time the BHB opened their own one.
that way it keep people interested in the game IN THE GAME. the current system is more likely to drive them away....lets see how the horseracingforum works on sept 4th. may get few pointers.... |
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it should be interesting,paddy will not allow bots(unless they are their own).paddy is also a bookmaker and will have difficulty to be able to charge premier charges,so there may be value for some customers.with a price regulator perhaps the idea is to regulate betfair prices,and use their own bots to skim a small amount on every bet,meaning a level playing field for all,just like betfair when they started up.paddy also lay in running so you never know,it may end up that the punter that wins the most will also make the most commission for the paddy bots,so that would stop them red carding the winners.
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Headline."Paddy Power/Betfair merger.Voices of doom out in force on Betfair forum".
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Paddy will not allow bots
Not sure about that or how you came to that conclusion |
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.paddy is also a bookmaker and will have difficulty to be able to charge premier charges
That is an interesting point though |
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why would being a bookie make it difficult to charge PC? Surely Betfair currently is also a bookie?
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Any botting on the paddy site always reflects the same change at the racecourse,try setting up your own bot on the paddy site and see what happens,your account will be frozen straight away and you have contact head office to get it open again.
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Headline."Paddy Power/Betfair merger.Voices of doom out in force on Betfair forum".
What do you expect? Voices of optimism? This is P Power we're talking about here: the most restrictive, cynical and unsporting brand on even the UK High Street. (And it ain't a 50/50 merger; it's a 52/48 takeover engineered by a Betfair CEO whose previous employer was none other than P Power itself.) |
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in law betfair match punters bets.(that's what they pride their business on).
in normal law it is fraud to attempt to charge twice for the same thing. betfair charge premier commission on matched bets. pp do not charge commission on exchange because they are bookmakers,paddy gets profit if punters lose. betfair(we believe only exist on commission on matched bets) |
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so the betfair sportsbook is about to become even more restrictive.
think the BHB need to pull racing from operator who restrict and set up their own exchange. certainly something im gonna be pushing for. currently i subscribe to racing uk but whats the point if i feel i wont be accommodated for a bet? The BHB will lose revenue long term if they allow their product to be managed by others in this way. |
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(And it ain't a 50/50 merger; it's a 52/48 takeover engineered by a Betfair CEO whose previous employer was none other than P Power itself.)
The market cap of PP is 4bn the market cap of Betfair is 2.9bn. Why would you think for a minute that it would be 50/50? |
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Because that's the thread title. And the narrative being spun by Betfair.
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it is not difficult to get a few grand on a horse in Ireland.
if you walked into a paddy power shop in Dublin and put 500 on a horse they would talk about the weather when serving you, but alas in England it is a different story I believe,but most bets struck in Ireland will find there way to the course and the paddy power head office.at the race course paddy(david)would not blink to a hundred grand on any favourite.they are bid layers and lay most owners and trainers all across the british isles and rep.of Ireland. |
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Go and have a lie down brassneck please, and make it a long one.
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I guess mincer you are not irish,and never heard of mister mac manus.
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no fobts in Ireland may have something to do with them taking bets
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