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Flat 2%!
Flat 2%!
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Coincidental??
create betting giant in £9.5bn deal Flutter Entertainment is buying The Stars Group Flutter Entertainment is buying The Stars Group Layton Thompson 1 of 1 By Bill Barber UPDATED 11:32AM, OCT 2 2019 Flutter Entertainment, the parent company of Paddy Power Betfair, is to buy the Stars Group, owner of Sky Bet, to create a global betting giant. In an all-share deal, Flutter shareholders would own approximately 54.64 per cent and Stars Group (TSG) shareholders 45.36 per cent of the new group. The combined group’s annual revenue would have been £3.8 billion in 2018, making it the largest online betting and gaming operator globally, while it would have approximately four million active customers in more than 100 international markets. The combined group would have a stock market value of around £9.5bn. It is the latest example of the trend towards greater consolidation in the gambling industry as companies face stricter regulation and higher taxes. The two companies also said it would help give them a stronger position in the burgeoning sports betting market in the United States. Flutter chief executive Peter Jackson will retain that role in the enlarged group, while Stars Group chief executive Rafi Ashkenazi will become chief operating officer. Flutter chairman Gary McGann will chair the group. |
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help give them a stronger position in the burgeoning sports betting market in the United States.
How long has that thing been 'burgeoning' ffs? Jesus came back quicker |
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sports bettingmarket in US is giant already. it's just all online with offshore books. ppl will take time to move to legal ones
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I think Betfair are making a massive blunder in no longer offering any form of discount rate as reward for turnover.
I can only speak for myself, but the majority of my betting on here is stuff I know doesn't make me a profit, but does turn over large amounts, and thus keeps my commission rate down for those markets which I can make pay. And there's no longer any point searching for arbs either. I've never had any shame about trawling the shops of a morning looking for arbs which might win me £0.14. It was the Betfair points I was after, not the pennies. That's going to stop straight away. I always thought the one reason why firms like the Purple never made any inroads in the market with their 2% offers was because they were never linked with an incentive to actually bet, in the way Betfair points have been on here. We'll see. But I really think Betfair may have misunderstood what drives a lot of their turnover. Suddenly, I've been given the green light to become ultra-selective in my betting, and basically get my life back. |
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Maybe betfair are trying to attract the ordinary punter away from the bookmakers.
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They're not going to do that without BOG, dual-result and 0% commission.
I think they're wanting current exchange punters to lose more slowly, bet in larger sums and last longer before going skint. I'm not sure that's going to happen. |
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screaming from beneaththewaves02 Oct 19 15:10Joined: 30 Jan 05
Suddenly, I've been given the green light to become ultra-selective in my betting, and basically get my life back At the same time I've just been given the green light to increase my turnover on here by doing things which were breakeven/marginal with my old, substantially higher, commission rate for which BF points were almost useless, whilst seeing my bottom line about to improve by around 10% in what were already profitable activities. |
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LOL,Sparrow !
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It is true imo that the greater the take from punters in general the greater the throttling of activities, it's a principle well known through out economics, by giving more freedom to customers to use more means to bet this might add stimulus to an exchange that had gone stagnant by the amount of pressure from the house
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Pilsudski 02 Oct 19 15:36
LOL,Sparrow ! Perhaps you might care to elaborate, pilsudski!! |
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screaming , as you say you are not exactly a normal punter/layer. It will help most people and encourage them to use this exchange over the other. It's an easy argument. 2% there and little liquidity or 2% here and liquidity. Yes the shop people are different. Many don't use computers or want family or anyone knowing they are betting.
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No arguing with that point of view, bettinghelp.
After 29 years of propuntering, I'm just grateful for the chance with this announcement to take it easier, rather than spending all day on here looking for marginally profitable markets. But it looks like I'm on my own from that perspective. I hope for everyone's sake that really is the case. |
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bf are rolling this out after trialling it on a smaller scale, i understand, optimising commission rate for their end of year profit should be their ongoing priority, possibly growth in competition has meant that this was needed
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I still think commission points and the chance to get your rate down to 1% would be the way to go though.
We'll see. |
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screaming from beneaththewaves 02 Oct 19 15:24
They're not going to do that without BOG, dual-result and 0% commission. I think they're wanting current exchange punters to lose more slowly, bet in larger sums and last longer before going skint. I'm not sure that's going to happen. So how exactly would it benefit betfair for it's ordinary punters to lose more slowly? |
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While PC is about it will remain stagnant
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Sorry,Sparrow !No offence intended ...... just a reaction.Was thinking that Betfair have attracted all the ‘ordinary ‘ punters they are ever gonna get.The ones that are still shop regulars wouldn’t know value if it punched them in the face and can’t be bothered to walk around the corner to Fred’s from WH,for example.If they have that option,of course.
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While PC is about it will remain stagnant
Whats good for the goose is good for the gander If it works with commission then it will work for PC Ive often thought that they'd only need to drop the rate a bit to pressure those who faciliate the avoidance of PC by quite elborate means. If they are paying to avoid it then having a figure only slightly higher than what it costs them becomes enticing given the lengths they need to go to do it Plus ofc the more people who cheat PC cheat other PC payers who bet into the same markets but have to pay for the facilities |
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Can anyone explain pls how it would be beneficial for a punter to select the 5% or 8% options?
What would be the scenarios where it would be benficial to pay higher com pls? Reason i ask is as im on occasional pc payer but generally hover between 21 and 23% overall charges and dip below the 20% only on a particularly good run and my thinking is i'd be better at 5% than dropping to 2% (currently 3.5%ish) |
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Fair enough pilsudski and I tend to agree about attracting bookmaker punters, but it would be far better for us all if we can increase liquidity.
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Agreed absolutely,Sparrow.
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patrick.....occasional punters, hobbyists, losing players, 'mugs' who bet for fun will be able to access the promos and other 'freebies' in exchange for losing a bit more quickly by paying 5% or 8%. To them, the promos will feel more valuable than to just lose overall a bit more slowly.
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@patrick starr
for a start you have no idea what the "rewards" will be, secondly there are numerous examples throughout this thread detailing how betfair's method of calculating commission paid for PC purposes can reduce overall charges for PC players. |
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sparrow02 Oct 19 15:47Joined: 20 Jul 02 | Topic/replies: 29,221 | Blogger: sparrow's blog
So how exactly would it benefit betfair for it's ordinary punters to lose more slowly? It's the losers from whose pockets the commission comes. Think about it. £100 is matched at 2.0. Betfair take £100 from the loser's account, and transfer £95 to the winner's account. The winner doesn't pay that fiver in commission. He never sees it. It comes from the loser. So, without a steady supply of losers there's nowhere for Betfair's commission to come from. By reducing commission to 2%, and slowing the rate at which losers lose, Betfair hopes that in the very long term those losers will hang around longer and lose more. |
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Thanks for replies guys.
So in my example above would you advise me to drop to the 2%? I have earned approx £300 from this years cash race events... |
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Far from sure about the ordinary losing punters argument. What it will do is give everyone a better chance of success. This will attract both winners and big players that end up losing.
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so is this a load of sh!t as per then:
Unfortunately any one who is paying premium charges, be that via a fixed rate or the weekly debit, is not eligible for the new rewards package. |
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A lower commission can encourage betting on both sides ie lay and back, and Betfair hopes the increase in betting turnover will off-set the new lower commission rate eg for every transaction Betfair gets 2% of winning; 2x transaction = 2 x (2%) = 4% or a doubling of commission/profit - that's their objective.
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wheres that from tom?
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e-mail from betfair dusty, it took me 4 mails to get any kind of answer and this was it, wouldn't be surprised if it's a load of rubbish, nobody knows what's going on there
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 Well it doesnt say theres a no PC definition in the tc's |
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obv cant choose an option if on a fixed rate.
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BF - couldn't communicate a party at a beer manufacturers imo
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i've asked for clarification on the PC......again
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I've been able to select the basic plan as a PC player. But I was already paying 2%.
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PC payer, ffs.
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I have just read the very clear and definitive update (with FAQ's) that BF have posted on the Service Forum.
Oh, no hang on...  Maybe Tariq in Manila will be able to help on live-chat or twitter? |
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Exclude certain customers from the Rewards+ or Rewards packages, or to move a customer from a higher package to a lower package (e.g. from Rewards+ to Basic) upon giving the customer not less than 7 days’ notice. At the end of the notice period, the relevant changes will take effect on the 1st day of the following month. Please note that any such exclusion will not affect any free bet, bonus or other promotional offer you have already placed a qualifying bet towards. You will still receive the benefits of any promotion you have started qualifying for or already qualified for prior to the exclusion; Close your Betfair account if it considers there is sufficient evidence of abuse of this promotion, for example, if you are using more than one username to take part, or you are engaging in any fraudulent or illegal activity (including participation that would be in breach of the law in your local jurisdiction). In such cases Betfair will not credit any free bets or rewards.
Anyone excluded will be on 2% |
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lad i work with has just told me hes been on 2% for mths but he dont get any buffer if he loses.
going to contact my acc manager now. |
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but he dont get any buffer if he loses
you mean if he is down £500 one week, but up £500 the next , he still pays PC on the £500 profit ? |