Premium charge

yes

Well you can now negotiate a fixed % on a 3 mths basic

is that whats happened Steve - if so that didnt last long - will have a chat next Fri if ya dont wanna ansa here

I was wondering if its worth the effort calling them up to get a fixed % but by the sounds of it you will just end up paying the same.

Wille - Do you think your anyway better off from it financially, and the mindset must help - not getting railroaded on a wednesday especially if you have a poor mon/tues ?

cheers

i changed 5 weeks ago..done my absolutes ever since.

from the day i changed i found it nigh on impossible..as of start of yesterday i was about level over the 5 weeks but had 4 losing days totalling 30k ish and paid around 8-9k commission.
theres nothing to lay at big prices..clicking £14 @1000 and getting matched 100-1000..sometimes 30-40 bets all under 20p.

not as such becos not many lay big prices,most aint got the funds ..most aint got the bottle..

a high number of track players are struggling badly..exe's/pc etc is killing them..its punter v bot now in last 3f..there just isnt enough to keep everyone going...lots will be leaving in running this year without doubt..seats at tracks arnt selling anymore..boxes wont be filled next year.

i'd say 90% of track players are backers..not necessarily big amounts at very short prices..most actually aint got the funds to risk..lot play mid race for smaller stakes.

I really believe BF will have to make changes.

Previously they didn't care about the exchange because there were no rivals and the Sportsbook could pick up the "mug" money.

This was flawed imo and they should have gone with the idea of BF being the "one-stop" shop where punters placed all their bets, exchange, tote, sportsbook, football or whatever. There would be no reason to leave the site.

It's seem incredible that they have no allowed other rivals to emerge. One competitor offering 0% commission for a long period is extremely aggressive and a very good strategy imo. Take the short term hit but build up a big pool of punters who once they have switched might not switch back because imo we are creatures of habit.

The picture situation is obviously the other dire problem. Again Betfair should have some clout in this area but can't seem to use it/don't want to.

Offering 0% doesn't attract the recreational punters.Purple have been 0% in the past.

There will be thousands of examples every day of a punter taking a price
when he would of got a better price in another shop 20 yards away.

the mentality i cant understand from betfair is why arent they greedy for ALL the money? I am pc because of in running, so why pc me if i want £50 pre-race on something today? It's insane to send me elsewhere for that.

I am pc because of in running, so why pc me if i want £50 pre-race on something today? It's insane to send me elsewhere for that.

You haven't thought it through properly.

i have thought it through (and im not just saying that because i think it was you who mentioned it the other day?).

I think you have to take human nature into consideration and the fact that PC payers aren't guaranteed to be winning all the time. The reduction in pc for the future isn't much good to me if im on an iffy run. And im not talking literally about myself.

If someone else asks me to put £50 on a 6/1 shot. What do i do, risk the PC hit if it wins or play the long game you suggest or just stick it one elsewhere at 0%?

If you want to risk £50 just place a £100 bet.

I thought they were supposed to be promoting responsible gambling?

Nothing more than explaining why PC payers are better off placing their "non buisness"
bets on betfair.

I think it was a decade ago when they implemented the first version of PC. It's been a decade of stagnation since then.

Once you get into PC territory can you get out of it again if your commission paid goes back over 20% of your profit ?

Yes, but it can encourage one to be a bit more reckless to get over the 20% (or 40%+ if applicable). The best way to do it is through arbitrage, if that route is available to you, as you're far more likely to win with the books and lose on bf than vice versa.

from chats i have had with them . they say they would like to get rid of PC as i think they know it does them no favours ( so they say ) , but they are sticking to the line that for every £1 a PC payer earns it costs them 20p . my argument was that in that case PC should be set to no more than 25% , i didn't get too much back on that point  .

picture speeds - this isn't going to change anytime soon . RUK are happy with how it is and in-running is not a priority for them or the majority of their customers . SIS are bookmaker owned and they will do all they can to not help betfair .

sometimes a customer that costs you profit will be more valuable in the long term because they will bring more customers with them . like how  a 20 stone man goes to an all you eat restaurant with his family , he will probably be a break even or loss maker for the restaurant, but they will make it up and more on the rest of the family . same as on here , a PC maker may be unprofitable, but if they go away and liquidity drops, others stop playing or go elsewhere , and the rot continues .

betfair need to take a short term hit in order to get the ball rolling again imo

just make a flat rate for every PC payer 8%-10%