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No more betfair for german customers...only 2 days left!
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Replies: 95
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why?
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Dear customer,
We regret to inform you that from Friday 9 November we will be unable to continue offering a betting exchange in Germany. This is due to current uncertainty as to the application of a Federal law that imposes a 5% tax on stakes which would make it impractical for a betting exchange to operate. The exchange product will therefore be unavailable to customers whose country of residence is Germany but www.betfair.com will remain available for other products. Betfair will continue to engage with the relevant tax authorities to seek clarification on interpretation of the law and its applicability to exchanges. What does this mean for our German resident customers? Between 8am and 10am GMT (9am – 11am local German time) on Friday 9 November customers whose place of residence is in Germany will become unable to place bets (back or lay) via the exchange. This includes bet placement via the mobile platform and third party applications. If you are a German resident and you hold positions on exchange markets then we encourage you to trade out as a matter of urgency. All other products like poker, casino and non exchange fixed odds sports betting will remain available without restrictions. You will still have unrestricted access to your account and your deposits are safe. Withdrawals and deposits to and from your account can be made as usual. Already placed long term exchange bets (e.g. German football champions 12/13) will be settled in the normal way once the result is known. All open unmatched bets will be cancelled between 8am and 10am GMT (9am – 11am local German time) Friday 9 November 2012 and any associated funds will be refunded to your wallets. To gain access to the fixed odds markets, please ensure that you are using the new version of the Betfair site. Please click this link to navigate to the new site and choose it as your default version. If you have any further questions please refer to: Frequently Asked Questions Alternatively our helpdesk will be pleased to assist you. We’d like to ask for your patience when contacting them as they are expecting to receive a high volume of enquiries in the first few days. The best way to contact them is via email to deutsch@betfair.com. Thank you for your understanding and cooperation. Best regards Betfair Service Team |
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Phew.. thankfully the German poker players are still active. Donks!
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Have they given you just 2 days notice?? or did you receive this email some time ago?
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no...mail came just minutes before my post here
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that's a bit of a shocker! is/was this your full time job?
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but sports bet's will still avaliable, did u read well?
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 mugs |
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mesmerised 07 Nov 12 08:30
Betfair Group plc 7 November 2012 UPDATE ON GERMANY As previously indicated, in July 2012 Germany introduced a law that applies a 5% tax on stakes on sports betting in the country. A tax at this rate, if applicable, would make Betfair's current exchange model unviable. Following detailed opinions provided by its legal and tax advisors, Betfair believes that, in regard to bets placed on its exchange, it is not an organiser of sports betting under the tax law and is not, therefore, liable for the tax. Betfair has been working with the relevant tax authorities to seek clarification on interpretation of the law and its applicability to exchanges. The company is disappointed, however, that to date the tax authorities have not been able to agree to an interpretation of the law that would allow Betfair to continue to offer the exchange product. Consequently, Betfair has decided to withdraw its exchange product from the German market. Following this decision, on-going contribution from Germany is expected to be de minimis and Betfair is reviewing its operations in this market. In FY12, approximately 4% of Core Betfair revenue came from Germany and this revenue delivered a contribution of approximately £6 million before the allocation of central costs. The company believes that it has fulfilled all of its obligations under German law, including the filing of necessary tax returns. Discussions are continuing with tax authorities regarding the potential tax liability, if any, arising from bets placed on its exchange since the law came into effect. from General Betting forum |
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yeah it kind of was tsango.
but no exchange markets? why should i bet with this odds without tradeing?? |
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open credit card or debit card in other betfair-friendly country
and then use proxies or socks-servers, or dedicated servers to access betfair. |
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better than nothing...
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he pnly cant trade, he's exagerating...
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can you access the purple place dirk?
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i thought about that....i have no account yet....maybe i try it
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liquidity might be low on some markets but better than nothing.
though can't see how purple can offer it in germany and betfair can't |
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ok i wrote betfair a mail....i think there is a way for me to use betfair further then friday
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not very wise dirkules.
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will be interesting how this affects liquidity in German soccer markets
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just got that info:
- No german ip's will be banned - only the adress is banned...that means if you can bet from germany (with german ip) and just need another adress |
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are there countries that are excluded from betfair, but welcome at betd*q?
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something they would like to do with every customer.
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yes postal adress.
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Uncool. A whole 36 hours warning too. Awesome!
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that's even more easy then
there should be some services that provice forwarding of mail in europe card from that country + other address and you won't even need proxy or socks-servers |
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maybe my new businessplan is to give people a service like that :D
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have a look at today's share price tsango, and i think you'll find your answer.
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**** has any markets at all?
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look up 'list of betting exchanges' on Wikipedia. There are others. Check their rules.
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for my German friends here. Was this expected at all or did it come out of nowhere? |
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from betfair side it came out of nowhere....i knew from other bookies that they take that 5% fee....but bet365 for example does not take it and if you ask them why they say because they have a UK license.....and i thought betfair has that too
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i dont understnd this....
from this friday, german residents cant bet on exchange odds? plz help |
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yep that is correct
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