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Betfair founder Andrew Black reveals radical idea to...
Betfair founder Andrew Black reveals radical idea to...
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Replies: 68
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Clydebank, can you explain your comment about Betfred please?
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Imagine a GN sweepstake with 40 runners. The Tote has 40 picks and picks all 40 runners as it knows what it has already picked (the inside knowledge). The 40 individual punters don't. 37% of the runners aren't picked at all. When one of those 37% win the Tote scoops the whole pot. When one of the other 63% win the punters have to share the pot.
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What does any of that have to do with Betfred?
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It doesn't really matter who owns it. The point CB29 is making is still valid.
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So not knowing the subject does not matter then TM?
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Betfred own the Tote.
Imagine a GN sweepstake with 40 runners. BETFRED has 40 picks and picks all 40 runners as it knows what it has already picked (the inside knowledge). The 40 individual punters don't. 37% of the runners aren't picked at all. When one of those 37% win BETFRED scoops the whole pot. When one of the other 63% win the punters have to share the pot. |
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They sold it in Oct 2019 Clydebank!! HTH
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CagliariG15 Feb 25 12:26Joined: 16 Jul 22 | Topic/replies: 10,542 | Blogger: CagliariG's blog
So not knowing the subject does not matter then TM? Black knows the subject - his "idea" is still hopeless - and calling it "radical" is a joke. As mitolo pointed out betting on something with a sliding scale of returns based on performance is pretty much what Spread Betting did - there is probably a reason nobody significantly operating in that space anymore! |
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It shouldn't be allowed but the regulator is not very smart or knowledgeable. Showed how lacking in that department they were by being pivotal in the FootbaIl Index Collapse. I doubt Andrew Rhodes knows how to work out an overround. He might not even know what one is.
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So they did Cag. The Tote then. Apologies to Betfred
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I agree regarding Blacks idea, it was Clyebanks comments about being too intellectual and complicated for the masses I was questioning, imo he should rethink that given his own ignorance?
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Whether Betfred still owns the Tote or not makes no difference to the point I'm making. It only makes a difference to Betfred. You are pretty ignorant if you can't grasp that
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I grasped the fact you were making a hypothetical which is pretty pointless, being critical of the masses who probably know that you are 6 years out of date hardly makes you credible.
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In a hypothetical scenario who owns the Tote has zero relevance.
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Agreed, just like your hypothetical!! Suggest you leave it at that tbh?
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Showing your ignorance again there Cag
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Whatever you say Clydebank, for someone who thinks they are intellectually superior to the masses you must be correct so 6 years has no meaning, well done!!
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The point is that the Tote is using privileged insider information betting in it's placepot pool. It doesn't take the knowledge that Betfred sold The Tote to work that out. AFAIK I was the person that first bought it to the HR forum's attention. But then you probably know that. You just can't resist getting in a personal dig.
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Cagliari has the manner of a wild boar tbh….imo
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isn't this just a version of Americans WIN,PLACE and SHOW ?
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Not the worst idea, my horses always lose by a nose so I would win a lot more.
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Think it’s worse for the punter,you have 3 chances to be placed to get a set amount.so more for 2nd and less for 3rd and 4th appeals less not more surely.
Plus bookies do 5/6 places. So get your money back on these, It would ruin ew betting. |
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extra places are not good for punters unless you are getting 3 of them in a 6 runner race, which are worth doing almost blind. 7 runners often a good idea also
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This is where I do not get the attitude about ew mitolo, you have to ask what more do modern day punters want. Back to the days of 1/4 in 16 runner handicaps 1st 4 reduced to 3 etc, madness, they have never had it so good yet the "Oldies" hark back to the bad old days.
Don't forget the mooted 1/6 a place big Mac challenged, makes you wonder if they and the younger contingent have a clue about how much better off they are. |
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Why are extra places not good for punters,presume lower prices ,but getting 6 chances to not lose can only be good.so what if you get less when you win.
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its the ew terms. getting 1/5 5 places in a 20 runner hcap and 6 places 28 runners 1/5 isnt a concession
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Extra places here on the exchange markets are good enough for me.
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Current day concessions whether it be extra places or something else are there to be exploited , problem with 98% of the punters today is to expect everything to fall on their lap to suit their needs , instead of looking for ways to exploit EVERY concession but first off actually calculating whether the concession actually exists.
To take the opportunities that exist these days it'd require punters to do something different outside the norm which unfortunately would rule out the vast majority , always amazes me that punters don't need bookmakers AND the exchange for a variety of reasons and the refusal to use one or the other would make them either one dimensional or just plain naive in my mind. Come on guys you've honestly NEVER had it so good , just adapt  |
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if you were able to take advantage of what is supposedly avaialble you would be in with a good chance but you cant
the migration to online has resulted in strangulation for many, even mugs like me. one account left and its the only one in front. go figure shops are there but by the time ive worked out what i want to do its too late as i dont get up until about now and the nearest shop is a mile away |