Betfair review at sportsbookreview.com

[Tony Macaroni]

Scary stuff or what?


The original video seems to have been pulled but you can still see it here.

https://www.slipperytoad.co.uk/2011/07/bookies-2-exchanges-0/

[Caan Berry]

Very worrying, wonder how many punters know about that

[custard]

Very few of us will be faced with the first problem dealt with in the video. It would, however, be sensible for all to keep a close check on the money they are prepared to leave in Betfair accounts. No interest is paid on these and common sense would dictate that there is no need to keep any more money in them than one would ordinarily need to trade on a daily basis.

It is much easier to put money into a Betfair account than it is to take money out of it. Deposits can be made almost instantly so nobody need keep money in his Betfair account "just in case". Money management is one of the most important aspects of trading and keeping control of one's own money is essential.

[LuckyYou]

[shadowninja]

One of my poker friends was telling me that the more you play poker the more you can make even if you break even through "rakebacks". With Betfair, you just get raped back if you trade a lot, it seems.

Can you tell me why PC2 (and even PC1) exists apart from to make more money (temporarily) for Betfair?

[lcredd]

i've always thought that betfair is similar to pokerstars - a genius idea where they don't risk their own money, they just take a small percentage of everyone playing. why betfair have got so greedy i dont know.

[shadowninja]

That was my thinking, hence rewarding regulars by reducing commission rates thus increasing liquidity.

I am finding it hard to understand their business model thus it sounds like they're cutting open the goose that lays the golden eggs.

[custard]

I have made a couple of posts where I have hinted at action. Nobody seems to have caught on yet. A boycott of Betfair for one day was only a token gesture. Many traders have large amounts of money on deposit with Betfair. They are free to withdraw these funds as they wish. If they did, this would have a greater impact than stopping trading for one day. Am I correct, please ?

[Tony Macaroni]

I agree to a certain extent.

If there was a significant withdrawal of funds, I think it would register with Betfair Towers.

Can you imagine a morning meeting when some poor sod has to tell his superior that X million has been taken out of the game?

I'm not so sure though, my spidey senses tell me that there is an alterior motive to all of this.

Can't help thinking that Betfair have seen what can be done (on certain accounts) and they have decided that they will have that portion of the pie for themselves.

Makes sense, but up until now BF decisions have been far from logical.

[lcredd]

i'd be up for it ... but you'd need a few of the big players too

[shadowninja]

Well, certainly, I'd remove my £23.50. That'll teach them.

[Cran]

Can't help thinking that Betfair have seen what can be done (on certain accounts) and they have decided that they will have that portion of the pie for themselves

That's my impression too.

However the people they are taking money from will now look seriously at other options and their liquidity will go elsewhere providing competition to BF and alternatives to all of BF's customers.

Given that BF have their head so far up their own arse, and have no respect for their customers any more, I think most of their customers won't think twice about leaving once there is choice.

I certainly have no loyalty to BF.

[PesceLesso]

the other side of the stock market trading (tech analysis) thinks that if 600 don't hold, shorting it down to 350 (a fibonacci decline from an important top around 1070), is a no brainer.

with this (and other, although from different perspectives, see some of my other posts on the BF share price t(r)opic) sort of press, no wonders they'll turn to rake dough wherever they can.

on the other hand with the share @ 350 (or even worse: I personally think they can easily plunge down to 120 within the end of the year) the planned buyback (£50m don't forget: exactly the same amount the inflated PC is going to rake, according to their figure) is going to get them back from 17% upward of the floating capital, over 50% in the best/worst case
.
A cooked up shark who knows how to bite though if you ask me.