Irish Sports
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Bets are on that bookmaker Ladbrokes is considering a takeover of Dermot Desmond's ****.
"There are discussions about deepening our relationship with ****," a Ladbrokes spokesman said on Friday.
"We are on a programme to improve our technology, and that could make it useful to us. I won't comment on whether we would buy it, but it would be useful to us, and you can draw your own conclusions."
A €55m price tag for **** is suggested by one gambling industry expert, though some past reports have put it at treble that figure. It's a private unlimited company for which revenue or profits figures are unavailable making its exact value hard to gauge.
Earlier in the year Ladbrokes confirmed it had had talks with billionaire shareholder Desmond about a technology deal, with the betting exchange company to buy pricing and other expertise, but an outright buy now looks to be under consideration.
Rival bettor William Hill is also said to be considering taking a punt on ****, though it did not respond to enquiries on the matter.
"I've heard it whispered with louder volume in recent weeks," said former Ladbrokes UK boss Rob Hartnett, who now runs the online resource Sport For Business. "**** has made moves towards developing a sports book. The coming together of both sides of that equation would seem to be gathering pace."
Mr Desmond, a shareholder in Independent News & Media, the publisher of the Sunday Independent, didn't respond to a request for comment on Friday.
- Roisin Burke
"There are discussions about deepening our relationship with ****," a Ladbrokes spokesman said on Friday.
"We are on a programme to improve our technology, and that could make it useful to us. I won't comment on whether we would buy it, but it would be useful to us, and you can draw your own conclusions."
A €55m price tag for **** is suggested by one gambling industry expert, though some past reports have put it at treble that figure. It's a private unlimited company for which revenue or profits figures are unavailable making its exact value hard to gauge.
Earlier in the year Ladbrokes confirmed it had had talks with billionaire shareholder Desmond about a technology deal, with the betting exchange company to buy pricing and other expertise, but an outright buy now looks to be under consideration.
Rival bettor William Hill is also said to be considering taking a punt on ****, though it did not respond to enquiries on the matter.
"I've heard it whispered with louder volume in recent weeks," said former Ladbrokes UK boss Rob Hartnett, who now runs the online resource Sport For Business. "**** has made moves towards developing a sports book. The coming together of both sides of that equation would seem to be gathering pace."
Mr Desmond, a shareholder in Independent News & Media, the publisher of the Sunday Independent, didn't respond to a request for comment on Friday.
- Roisin Burke
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Replies: 24
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Gut feeling its not going to be a good thing,even with its flaws(liquidity mainly)it is the only alternative to bf,ladbooks will have shareholders to answer to.Talking to someone during the week and he was fairly adamant the commission there would be going up to 5% as early as September despite my point that it was supposed to be fixed til year end.
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I am not sure pa that that it would be a negative thing but it looks only a rumour at this stage.I think if there was some real competition with betqack increasing their share in market,it would encourage them to compete against each other on commission,premium charge or promotion offers.Is betqack 3% commission for all punters or is there a sliding scale like betfair based on points accumulation??
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All new joining i,m fairly sure dj as said earlier supposed to be till new year,not very hard to get it down from 5% in any case with the way their tiers are set up, easier than bf but no point holidays.
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Wonder will they close my purple account like they have my Ladcrooks ?
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They won't close as many accounts as betfair have anyhow.....that's a cert.....betquack is a rubbish site.....run by imbeciles.....the magic sign will hav a big job on their hands turning it round..... Get rid of most of the staff for starters.....
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Two serious questions.
Where will that leave Chronicle? Why would Betfair ever close any account? |
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Ladbroke a shower.
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wildman .....yer around a long time.....whatever you are .....ya aint a fool....ye know exactly why anybody closes accounts....
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As Betfair operate on commission they should not really care who wins or loses plus they already have the punitive and possibly illegal premium charge,indeed this should make them favour winning accounts as they can pilfer up to forty percent of these winnings.
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premium charge is only viable if ya never ever lose......as u know the best of punters lose.....the only punters who never lose are.....cheating customers.....and robots....they have to pay the charge....for 2 reasons....only show in town.....half a loaf is better than no bread....
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Ladbrokes were close to launching an exchange before, i can only think they're getting v cheap and it will mean desmond does not lose too much face with selling it.
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Bobbybocala
Whose accounts do betfair close?? |
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He is no doubt talking about forcing successful punters to move from here due to the scandalous premium charge. A successful layer of horses will likely to be on the premium charge and there is no way it can pay if you have to stump up that fee each week to balance the account.
By closing accounts, I assume he means that they force customers to move on by making it impossible for them to transact their normal business. |
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Bobby
So what you are saying is that only traders can be caught with the premium charge??I didn't think this was the case. |
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That does not seem to be what he is saying.
He seems to be clearly stating that only those that consistently win or at least upwards of 90% of the time could afford to absorb the charge. That is my reading of it anyway. Anyone else that is doing very well simply cannot take such a scandalous erosion of their profits. |
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Bassanio is spot on.....that is the correct reading of what i am saying......they dont close the account.....you still have the right to play.....like the bookmakers.....either online or even in shops.....they make it so unattractive.....that you have to stop....
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^Correct,You do have the right to play,but basically what you mean there is you are getting 4/5(or even worse 8/13 or 2/5) about an even money shot.How you got to this scenario is of course your own business but the bottom line the way i see it is your commission generated fell below 20%,the key figure.
All a way too technical for me,phrase that stumps me would be commission implied,i think that is the part that pushes a profitable account towards p.c. territory eventually,that is conjecture on my part and is open to correction.A summary of p.c can be found by pressing the "about us" tab on the top left hand corner. One of the main arguments on the introduction of the charge was it was to pay for the advertising for new members,sorry i,m a bit cynical there, seems to me BF has priced market makers(source of largest pc payers imo) off the site weakening it considerably. |
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This love-child of DD must be one of his greatest ever vanity projects and criticisms of it today were equally valid six to eight years ago; it seems there was only ever room for one exchange and even that is encountering plenty of problems now.
I would speculate that he has pumped hundreds of millions into the business and anything he gets will be a modest bailout of the total cost to date. Unless I could buy it for a song it would hardly be worth the punt given the changing face of gambling. Of course the slow-release spin suggests otherwise and its not something that his wealthy friends can help him out with. |
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Signs are ominous alright,no email with their latest concessions/offers/comm free markets for around 6 weeks,given up,can,t be bothered or whats the point.
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Well its confirmed,hope they will live up to the promise of their email which seems very positive.Seems as if there are no changes for the time being and importantly commission is staying the same.
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I opened an account when it started up, you could only bet in dollars, they targeted the mythical Aisian punters beloved of lurid match fixing stories in the Redtops, but the biggest joke was minimum bet was $50 and the minimum lay was €500, which meant they had no liquidity, I had a quiet day at work so I emailed their helpdesk to say that their minimum stakes rules were a contradiction in terms, that backing an evens shot in a tennis match was the same thing as laying his opponent, of course the limits were assways as it costs more to be on the lay side than on the bet side in an event with many competitors like a horserace, (betfair had a £4 min stake at the time). They emailed me back to say it was what their customers wanted, I replied that they had no customers and never would if they continued with their staking policies. They missed the boat in the early days and never caught up. I always wondered after that was there a lot less to Dermot Desmond than meets the eye, what a horrendous misunderstanding of the mechanics of exchange betting and they hadnt even the wit to seed the markets.
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The website is abysmal and Brokes is as bad. Anyone check their new "Beta" site. Constantly hangs when trying to bet and constantly needs to be refreshed terrible
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I joined purple when there was a big exodus from here a few years ago. They had a an offer at the time which was free bet to the value of the stake of your first bet, only stipulation was that the odds couldn't be less than 2.0, which IMO was fair enough. I laid a 1.4 shot which (it was Man Utd to beat Valencia in the Champions League or similar) and my bet won. However I wasn't given the free bet because my bet had been placed at odds of less than 2.0, even though I was the layer! No amount of arguing or explanation would change their stance on the matter.
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^You backed Valencia and the draw at 5/2, I suppose they would have allowed you to lay a 5/2 shot, the rule should have read 'to qualify for a free bet the return (before commission is deducted) on your first bet must equal or exceed your stake' I'd say the Kaiser is still tossing about his bed at night trying to get his head around Bet and Lay.
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