Exchange is dead

Think you're partly correct Celtic , main reason would be the inability to adapt by continuing to play the same way and ignore the Einstein definition of insanity , modern game needs modern methods as the nostalgia of the past is behind us forever.


Good luck today   

If there was any way you could make a book on here early and make money I am sure someone smarter than me would be doing it. I think it just shows how hard it is.

a man can make a book on here but he'll quckly go skint.

May sound ridiculous but the downfall of the vast majority is bothering with form and having a personal opinion , there are far easier ways.

The big money has disappeared because of premium tax and affordibility.
Even big players who cant produce a wage slip or twenty have thought feck it.

Betfair's reponse is up your stakes to counter the 40%, er, it's not there.

people have tens of millions tied up on usa presidential election yet normal people can only deposit limited amounts..

bonkers.

Affordability checks and an anaemic British economy more than PC, when we get the latest figures it will super worrying

Aug 8, 2024 -- 3:06PM, Rico-Dangleflaps wrote:

people have tens of millions tied up on usa presidential election yet normal people can only deposit limited amounts..bonkers.

Most of that will not be British money imo

The reason people are not betting is because they do not trust betfair anymore.
Betfair rotate horse race positions in an active market."(and they are breaking the law imvho)
PUNTERS BELIEVE IT IS NOT SAFE TO PLACE A BET BECAUSE BETFAIR ARE MOVING HORSE POSITIONS UP AND DOWN THE ACTIVE MARKET.
Until betfair stop this action punters will not place bets.
Betfair need to let everyone know that they will  never move horse race positions ever again,and abologise to their customers .
They were still moving horses in the active market yesterday.
betfair are the talk of the racing fraternity at race courses and bookies offices at the moment because of their wrongful action on active betting markets.IT MUST STOP,and punters must be informed that IT HAS STOPPED.

most of the morning trade was only ever arbitrage, now bookies won't lay a bet, the decline on here was inevitable.

PUNTERS BELIEVE IT IS NOT SAFE TO PLACE A BET BECAUSE BETFAIR ARE MOVING HORSE POSITIONS UP AND DOWN THE ACTIVE MARKET.

Surely this is only a problem if you are using a home made bot, or that you are that bot.

When you get caught on the moving horse rotating its tough to take,and everyone that was caught will know what i am talking about.anyone who was not caught dont worry; you will be caught ,and then you will know what i am taking about .
and then you will leave

Was there not a Swedish group that had some deal to play on the early horse markets?

Winner takes it all? Money Money Money?

Yes there was, second again.

Gimme Gimme Gimme
Take A Chance On me

Exchange or Horseracing dead 1st?

What impossible said.  Racing betting is a dying game, and BF Exchange markets are a reflection of that (see Flutter's UK&I CEO's comments about the costs of media rights/levy vs profit from racing).

Cricket, Football, even Politics markets seem lively enough.

It's all traders. And they work on multiple events. So they only join into the next race ten mins to go

16 k 35 mins to go is normal. Been like that months. Unless biggish meeting

2 200k races within a few minutes. And brass .he just needs new glasses

It's all traders. And they work on multiple events. So they only join into the next race ten mins to go

almost Freddie.  it's actually five mins.  nice try though.

Forgive me beasty. Get a ACCA on the go.  harveys tan is disappearing

ACCA? Is that not an accounting qualification?

Be interesting to know the difference in downturn between loss of fixed odds revenue vs loss of Exchange revenue, for horse racing, in the last 10-20 years.

Betfair basically gave up on the exchange model when they realised they could make more on traditional fixed odds and on line casino. The exchange was, and still is a genius concept for racing fans and betting purists - but one that got sidelined when the originators flew the nest. And also before the gambling market became inundated with a multitude of new wave sports punters, that really didn't give flying fuschia about value or horse racing.

And even worse, some of that value was lost when the exchange layers disappeared over night in the wake of the premium charge. These whales were necessary in a world where the average punter was reluctant to lay. They shot themselves in the foot.

..."the Exchange layers disappeared over night in the wake of the premium charge..."

Ya, Those Exchange layers were replaced by "bookies" eg those on job seekers allowance on the trading room here, and high street reps ie the clueless ones. There are very few experienced individuals in any bookie trading room at present probably one maybe two (to cover for sickness) but never on the same shift.

Yet more tripe from impossible.

Cant see horse racing existing in 3–5 years. Prize money at tracks, for example. Here is £250k media rights payment per meeting. We will pocket that, thank you. We will now dish out 30k in prize money for the day! Greed in racing is beyond a joke now.

Excellent post, doantwin2easy.  Such a great shame that the exchange way of betting was not taken up by the vast majority of punters and allowed to be spoilt by others.

I used to win money on here without a bot and with minimal trading.
For the last few years I have been losing and therefore reduced my stakes drastically.
With hindsight I am sure the reason is there used to be a lot of real mugs on here who have gone for one reason or another and are not being replaced. A lot of those left are either shroodies or traders. I have begun to realise that,relatively speaking,I am one of the mugs now. I'm still some way off the amount I decided a couple of years ago I could afford to lose,but the way things are going I will quit eventually. At some stage 90% of the players left will get the same message as me and the exchange will disappear up its own anus.

I was thinking the other day. Apart from the well publicized big meetings Cheltenham, Grand National, Ascot, who in England and around the world bets on the horses any more apart us lot on here?

Should the powers that be scrap some of the racecourses? That would reduce the fixture list, plus stop the huge shareholder profiteering from the smaller tracks and media rights payments. I mean, it would be a shame because there are some beautiful tracks around the country. But it can't go on forever because there will be no money left.

3 to 5 years. Walofs. Dog racing will still be going then

this is 9 years old but......

Nearly one million Australians (975,000), gambled on horse or dog races in a typical month of 2015.2 They represented 5.6% of Australian adults, or 14% of those who gambled in a typical month (i.e., regular gamblers). This made it the fourth-most popular regular gambling activity after lotteries, scratch tickets and electronic gaming machines (EGMs, aka “pokies”).

1460 meets next year.