BetConnect - New Social Betting Platform

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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Naffman wrote:
Tue May 24, 2022 2:52 pm
to lose that much when I’ve seen no advertising is shocking
Lost or spent ?

But I've got very little interesting in them myself really, 2% on matched bets is a bridge too far, and when I saw a video of theirs and taking 3.0 when other places were 3.1 was descibed as "losing a sliver" but ok because you could get more on, then I lost interest instantly. That "sliver" is 5% which is more than my whole margin. I dunno, if I saw their idea on paper I'd say it would need 10m so -6m seems fair, but as a total to date maybe and if that's one year then it's another story. Especially as you say, the marketting spend hasn't even started.
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Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

ShaunWhite wrote:
Tue May 24, 2022 7:33 pm
Naffman wrote:
Tue May 24, 2022 2:52 pm
to lose that much when I’ve seen no advertising is shocking
Lost or spent ?

But I've got very little interesting in them myself really, 2% on matched bets is a bridge too far, and when I saw a video of theirs and taking 3.0 when other places were 3.1 was descibed as "losing a sliver" but ok because you could get more on, then I lost interest instantly. That "sliver" is 5% which is more than my whole margin. I dunno, if I saw their idea on paper I'd say it would need 10m so -6m seems fair, but as a total to date maybe and if that's one year then it's another story. Especially as you say, the marketting spend hasn't even started.
Yeah decent point, I guess nowhere knows what the money breakdown is but to me it's a lot of money for a concept that doesn't look like it'll be recouping those losses any time soon if at all
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Naffman wrote:
Tue May 24, 2022 7:43 pm
Yeah decent point, I guess nowhere knows what the money breakdown is but to me it's a lot of money for a concept that doesn't look like it'll be recouping those losses any time soon if at all
I'd agree, seems half rice half chips. Not much of a trading platform and nothing very exciting for leisure punters to get involed with. I think Bingo/Casinos set the benchmark these days, screw value because you'll lose anyway so try to make it more fun. Problem seems to be that these things are set up by pro-gamblers rather than leisure/media/games people. I want a crowd of happy dumb people to bet with not hardcore industry types like you :D
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Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

I've always thought the very concept was flawed. It was advertised as allowing "pro" punters with restricted accounts to bet with members, who in turn can place the money and more with the bookies. But surely anyone following a successful tipster will get restricted himself?

The "pros" can also ask for odds that are no longer on offer, but on the other side of the coin, if the price drifts, the "pro" can't immediately cancel the bet like on Betfair. I think the layer had 15 minutes to watch the price rise before deciding to take the original offer!
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Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

You have to invest heavily to get established, especially when there are incumbents.

But it's difficult to know what they are spending on. Probably infrastructure.

I've nipped in now and again to look at it, but that's all.
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blablok
Posts: 72
Joined: Tue May 24, 2022 12:14 pm

Derek27 wrote:
Tue May 24, 2022 8:28 pm
I've always thought the very concept was flawed. It was advertised as allowing "pro" punters with restricted accounts to bet with members, who in turn can place the money and more with the bookies. But surely anyone following a successful tipster will get restricted himself?

The "pros" can also ask for odds that are no longer on offer, but on the other side of the coin, if the price drifts, the "pro" can't immediately cancel the bet like on Betfair. I think the layer had 15 minutes to watch the price rise before deciding to take the original offer!
Its not 15 mins anymore (as a matter of fact the timer is completely gone) and now when they released a new version of their platform not so long ago last year as a pro you can cancel your bet anytime you want really.
The platform is a very good option (especially if you are just a punter) if you want to bet on something when betfair markets are not formed (say in the morning) + you can win as often as you want and you wont be restricted. Yea ok you can do the same on the exchange but im not sure if you wanted to pay 40% or 60% on your winning bets (PC charges) when you dont have to do that on Betconnect. THey also offer their api if not mistaken...
Ive used Betconnect almost from their very start and seen countless opportunities.
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Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

blablok wrote:
Wed May 25, 2022 11:02 am
Derek27 wrote:
Tue May 24, 2022 8:28 pm
I've always thought the very concept was flawed. It was advertised as allowing "pro" punters with restricted accounts to bet with members, who in turn can place the money and more with the bookies. But surely anyone following a successful tipster will get restricted himself?

The "pros" can also ask for odds that are no longer on offer, but on the other side of the coin, if the price drifts, the "pro" can't immediately cancel the bet like on Betfair. I think the layer had 15 minutes to watch the price rise before deciding to take the original offer!
Its not 15 mins anymore (as a matter of fact the timer is completely gone) and now when they released a new version of their platform not so long ago last year as a pro you can cancel your bet anytime you want really.
The platform is a very good option (especially if you are just a punter) if you want to bet on something when betfair markets are not formed (say in the morning) + you can win as often as you want and you wont be restricted. Yea ok you can do the same on the exchange but im not sure if you wanted to pay 40% or 60% on your winning bets (PC charges) when you dont have to do that on Betconnect. THey also offer their api if not mistaken...
Ive used Betconnect almost from their very start and seen countless opportunities.
I might take another look. When I was using it they just had a website.
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wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

Just having a mooch around the site, haven't opened an account as yet. (only available for UK customers for now) They are classed an exchange by the GC.

https://www.betconnect.com/

Has anyone used Betconnect for laying?

Anyone withdrawn successfully from the site?

I wonder what the safeguards are with bigger balances?
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blablok
Posts: 72
Joined: Tue May 24, 2022 12:14 pm

wearthefoxhat wrote:
Tue Aug 09, 2022 11:17 am
Just having a mooch around the site, haven't opened an account as yet. (only available for UK customers for now) They are classed an exchange by the GC.

https://www.betconnect.com/

Has anyone used Betconnect for laying?

Anyone withdrawn successfully from the site?

I wonder what the safeguards are with bigger balances?
Yes withdrawals are no problem. No premium charges either.
When backing you pay 2% comm, when laying 0%.
Been using them for quite a few years.
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wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

blablok wrote:
Tue Aug 09, 2022 11:25 am
wearthefoxhat wrote:
Tue Aug 09, 2022 11:17 am
Just having a mooch around the site, haven't opened an account as yet. (only available for UK customers for now) They are classed an exchange by the GC.

https://www.betconnect.com/

Has anyone used Betconnect for laying?

Anyone withdrawn successfully from the site?

I wonder what the safeguards are with bigger balances?
Yes withdrawals are no problem. No premium charges either.
When backing you pay 2% comm, when laying 0%.
Been using them for quite a few years.
Thanks.

I read back on the older posts, some around 4 years old or so.

Does it still operate a pro/punter account dynamic? or is it more of a level playing field?

They may gain some traction as the affordability checks and restrictions knock out more punters on-line. If they're nearly £7 million invested, then they need to!
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

wearthefoxhat wrote:
Tue Aug 09, 2022 11:17 am
Just having a mooch around the site...

Has anyone used Betconnect for laying?
I don't think many people are using it for much of anything if this snippet of conversation is anything to go by.
Screenshot_20220809-113844_Slack.jpg
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blablok
Posts: 72
Joined: Tue May 24, 2022 12:14 pm

There are lots of bet requrests in the morning, between 9:00 - 12:00
Later on in the afternoon there are sligtly fewer bets but still quite a few.
They do disappear quite quickly tho so you must be very quick :)
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blablok
Posts: 72
Joined: Tue May 24, 2022 12:14 pm

wearthefoxhat wrote:
Tue Aug 09, 2022 11:43 am
blablok wrote:
Tue Aug 09, 2022 11:25 am
wearthefoxhat wrote:
Tue Aug 09, 2022 11:17 am
Just having a mooch around the site, haven't opened an account as yet. (only available for UK customers for now) They are classed an exchange by the GC.

https://www.betconnect.com/

Has anyone used Betconnect for laying?

Anyone withdrawn successfully from the site?

I wonder what the safeguards are with bigger balances?
Yes withdrawals are no problem. No premium charges either.
When backing you pay 2% comm, when laying 0%.
Been using them for quite a few years.
Thanks.

I read back on the older posts, some around 4 years old or so.

Does it still operate a pro/punter account dynamic? or is it more of a level playing field?

They may gain some traction as the affordability checks and restrictions knock out more punters on-line. If they're nearly £7 million invested, then they need to!
You can now both, back and lay just by using one account.
User avatar
wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

ShaunWhite wrote:
Tue Aug 09, 2022 11:50 am
wearthefoxhat wrote:
Tue Aug 09, 2022 11:17 am
Just having a mooch around the site...

Has anyone used Betconnect for laying?
I don't think many people are using it for much of anything if this snippet of conversation is anything to go by.
Screenshot_20220809-113844_Slack.jpg
Thanks.

Sounds as though it's geared up to help customers with promotional offers, rinse their ££'s through the system, early doors.
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wearthefoxhat
Posts: 3205
Joined: Sun Feb 18, 2018 9:55 am

blablok wrote:
Tue Aug 09, 2022 11:56 am
You can now both, back and lay just by using one account.
Thats looks like a change compared to 4 years ago. (based on previous posts)
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