Rugby
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I and others have heard this today from BF towers. I gather it's to run until June of next year. Emails should be sent to PC payers in the next day or two.
I just hope it does more than only attract back the big fish.
I just hope it does more than only attract back the big fish.
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Good news I assume, is there any reason for this move?
Too late for me though, if this came in in 2009 I would be a lot richer. Spent the last 4 years building embankments against Betfair's stealth taxing. |
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The only reason I can assume RM is that their short termism is hitting them where it hurts most and Rugby is a sport that has suffered in liquidity terms more than most.
I wonder too, if it's not just too late to arrest the decline. Still, I'd rather keep 95% of not a lot than 50%  |
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Wouldn't surprise me if that was the case. It certainly feels like overall liquidity is way down on 2009 levels and I know from experience that the PCs were more of a problem for legitimate punters than bot-users or whoever they were supposed to be aimed at.
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Nice of them to include Rugby League...
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Came as a very pleasant surprise when I got the email. There was me thinking that things would never get better again, but this is a start!
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PS Mate - email I got said AT LEAST June 2014.
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Not received mine yet, Lat. Hopefully they extend it to other sports in the meantime.
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Great news.
Hopefully the markets will pick up and betfair could possibly roll it out into a few more sports that desperately need a kick up the backside. What's it going to say on the portal? |
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How do they decide who to send this email to?
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just for the people who gave up trading rugby then is it
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Benny - no. I'm active every week.
Toto - Reading between the lines, PC payers who have paid PC because of Union winnings. |
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* unless you're in Australia or NZ.
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Also been told :
We will look at it as if Rugby Union didn’t exist so no your Rugby losses don’t go against other sports. Shame. Could have been some high risk strategies in the offing there. |
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Another email:
Scrap that, your losses WILL do against your other sports Nice |
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I was incorrect in the opening post. RU is exempt of PC as of today.
Also, making losses count towards PC, we could see a lot of PC payers lumping on Rugby over the weekend to offset their liability from other sports. |
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Could make for very interesting markets if we have a whole bunch of big players instead of one or two.
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Already it seems someone doesn't know the rules. 1.01 matched in the Currie Cup for £4k with 30 seconds to go, one point game and the trailing team in possession and going forward.... Got away with it, mind....
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That does happen at times anyway, but I wont mind if it happens more often.
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Doesn't matter if he's laid 1.01 elsewhere.
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He'll have done well to have laid 1.01 elsewhere in those circumstances!
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Can you confirm Lat.I have not had an email .Any winning rugby bets don't count to PC but losers do ,it's not on the week.All bets are separate ?
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I've not had that myself, Mate, but 1.01 is a good lad and I'm sure if that's what he's been told, that's the way it is.
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Thanks.Spoke to them and they said emails were sent out today.Not had one but have had a bet on the rugby on the strength of these threads.
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Check your messages, Mate.
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Thanks for that Lat ,would seem promising.Do you do much on the rugby ?
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Ha! Cheers Lat
 Had this email today from BF account manager James Ellis We have taken the decision to remove Premium Charge from all Rugby Union bets you place on The Exchange which settle before midnight on 2nd June 2014. This includes all markets pre-play and in-play in all competitions both domestically and internationally. This does not apply to Australian or New Zealand customers. This is effective from now so any bets placed this week will be included in this. Your Premium Charge statement will include all rugby activity as normal but you will receive an account credit on Wednesday (typically around midday) for any rugby union Premium Charge generated in the previous week. As a result, this PC exemption will not cause any detrimental effect on future PC payments. If the trial proves to be a success, we’ll look to extend it in to summer 2014. At the moment we have no further news regarding Premium Charge on other sports. I then asked about losses and had 2 replies. Firstly: We will look at it as if Rugby Union didn’t exist so no your Rugby losses don’t go against other sports. Then 5 minutes later: Scrap that, your losses WILL do against your other sports Seen some others confirm same info on Twitter too. |
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Does make you wonder about the bit regarding NZ and Aus customers. It seems a bit odd to apply it to them, but not to the Aus Wallet in general.
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I'm guessing the different legal framework complicates it in some way, RM.
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If I have a bet on game A and win £50,then a bet on game B and lose £50 do I get a £50 reduction on PC or am I back to square one for that week ?
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Surely they'll only consider your net position on Union for the week, won't they?
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I expect so.They start something last Monday ,keep it fairly quiet and don't have any rules to read up on as far as I can see.
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I lost £100 last night ,will have a small bet today ,hopefully a win and see what happens Wednesday.
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Just reading 1.01's email chain, it sounds like some of the finer points hadn't been considered until he queried them, so.... Maybe there'll be a follow-up email?
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Good point, Lat. Tbh, it wouldn't be the first time they hadn't thought through the implications of a decision! I'm expecting the goalposts to be moved on Monday.
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Indeed.When I first read about it yesterday it sounded good ,I am now expecting it to be pointless when ,as 1-01 points out, the goalposts are moved.BF can say they never actually put the goalposts up.
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So if they decide to treat rugby like it doesn't exist for pc purposes, then it wont really make much of a difference will it?
Sure, it's going to benefit those of us who play rugby anyway, but it's hardly likely to attract new blood. |
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Depends whether you believe the liquidity has dried up because of the introduction of PC, I guess.
I remember a time not that many years ago when the 6N HCs would be brilliant but in recent times they've been pale imitations of themselves. And, as 1.01 points out, the fact any losses from Union will still count towards overall P/L for the week, it could lead to some people with PC liabilities to chance their arms a bit on a Sunday afternoon. Haven't worked out the advantage but an even money punt would pay better than evens. |
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And, as 1.01 points out, the fact any losses from Union will still count towards overall P/L for the week
That's the big one alright. If that was definitely the case then there will be some people going crazy this weekend. |
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Lat, suppose yr 1k up on other sports. Bet to win 1k on Rugby on here and lay it to cover at another exchange (or bet on a 2-way market on here arb it on the high street).
Then, lose on here and PC is zero but you collect the non-bf bet. So 1k up net. Or win on here and PC is still 50% (give or take 10%) on the original 1k but you have a 1k exempt rugby win on top, so 1.5k up net. Think that's right. Please correct me if I'm wrong, I haven't had my coffee quota yet. fwiw, the ITM matches seemed to have a bit more liquidity about than usual. Still lacking price takers though. Worth keeping an eye open for some good value lumpy bets this weekend. |