Will Betfair still be the dominant exchange Dec 31, 2027

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Will Betfair still be the dominant exchange Dec 31, 2027

Poll ended at Thu May 05, 2022 3:50 pm

Unfortunately, Yes
19
70%
Hell No
8
30%
 
Total votes: 27
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megarain
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Poll, then we can discuss what the true over/under should be.
Trader Pat
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I'll say unfortunately yes, if Exchanges still exist at all in 2027.
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megarain
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I am willing to bet a small amount NO.

It's just become such a pile of crap etc. Eventually, enough is enough - and that time is coming.
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Kai
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megarain wrote:
Mon May 02, 2022 3:50 pm
Poll, then we can discuss what the true over/under should be.
Can see the market already

Image
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megarain
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Wow .. I made it about a 3.0 chance !!

I must play really different markets to you.

Golf has largely become irrelevant on the exchange, non UK racing is either taxed to death or showing serious liquidity issues.

The snooker I tried to trade last week was embarrassing. The video streams/customer service/regs etc.

To be fair, cricket is still good - and I suppose soccer also.
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Derek27
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It's really anyone's guess, but 5 years is a long time. I'd like to think Betfair will start to pay the price for their sheer incompetents, customer service, inability to communicate vital information such as planned maintenance or changes to the API, lack of training, staff that know nothing except how to reset your password, staff that offer to reset your password regardless of your query, etc.
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Kai
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People are surprisingly optimistic! :o

I just think it would have happened by now tbh
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alexmr2
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They have their issues but are far too established at the top to be unseated IMO... especially when you consider that the only competition is the likes of Smarkets which are even stricter on affordability checks from what I've heard.

I don't see any obvious solution to the technological issues that BF experience because there are too many participants with different interests that no matter what they do will upset someone, including choosing to void the whole market for everyone. Some sort of regulation which forces BF to compensate people for their technology failing may not be feasible when you consider that there are people opening 5-figure positions.

It's quite amazing that the bookmaker model continues to dominate betting but I suppose it's not that surprising given that it's a more profitable model.

Maybe UK Gov should focus on regulating prices across the board so that punters get value instead of poorly executed affordability checks.

Imagine if all online UK betting liquidity was put onto one big exchange like forex, and bookmakers had to actually do the work being forced to act as traders figuring out how to take value from free markets as opposed to monopolised bookmaker books. Shops and on course bookmakers would still be able to offer their own prices in-person and choose to hedge on the massive exchange if they wish
Last edited by alexmr2 on Mon May 02, 2022 6:05 pm, edited 2 times in total.
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wearthefoxhat
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There was a thread that suggested Pokerstars are starting to look at linking into the existing exchange, all Flutter inc. of course. However, if another poker/fantasy sportsbook woke up, there could be a challenger in the next 5 years or so, even the exchange segment being sold off in some way. This might not be so bad as the software could then be overhauled and updated
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Derek27
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Kai wrote:
Mon May 02, 2022 5:55 pm
People are surprisingly optimistic! :o

I just think it would have happened by now tbh
So would I, but people who push their luck eventually bite the dust.
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Realrocknrolla
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Trader Pat wrote:
Mon May 02, 2022 3:53 pm
I'll say unfortunately yes, if Exchanges still exist at all in 2027.
Be interested to hear your thoughts on why Exchanges wouldn’t exist Paddy mate.

Government?
Emmson
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What we need is some gazillionaire to buy betfair and take it private

:D Elon Musk? :D
Trader Pat
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I wouldn't bet against them existing, but Betfair just don't seem interested in the exchange anymore. It doesn't bode well when the worlds 2nd biggest gambling company pushes the sportsbook more than the exchange. What started out as revolutionary is now an afterthought.

Then there are the unknowns like government regs and affordability checks. Who knows what effect they'll have going forward?
Emmson
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Dallas

viewtopic.php?f=2&t=19134&p=192519&hili ... es#p192519

Exchanges will always be around now, bookie's realised they couldn't beat them and that they were going to go away so done the next best thing and bought them.
Now they've gathered them in their arms and have control they aren't going to market them or push them but they can cut them off at the knees and stop them growing.

If they decided to close them and force people to their SB the idea of them is out there now and another will pop up and take its place very quickly. So now there in the control of bookies, it's in their interests to keep them running all be it hidden from sight from the average joe

But even he's made his own exchange now so its not to well hidden :lol:

As for legislation to ban them that won't happen either, online bookies based oversea's sprung up so punters didn't have to pay tax on winnings which crippled the UK high st bookies who couldn't compete, the Labour Government had to then abolish the betting tax or risk the whole high st betting industry going under.
So any attempts to ban or even heavily tax it would just see it get move offshore and users will quickly find a way to still access it
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Realrocknrolla
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Trader Pat wrote:
Mon May 02, 2022 6:50 pm
I wouldn't bet against them existing, but Betfair just don't seem interested in the exchange anymore. It doesn't bode well when the worlds 2nd biggest gambling company pushes the sportsbook more than the exchange. What started out as revolutionary is now an afterthought.

Then there are the unknowns like government regs and affordability checks. Who knows what effect they'll have going forward?
Yes, the government will more than likely be the culprit if the Exchange was to end.

I am sure there is a figure floating about…. Anyone know what the exchange makes in revenue per day/week/month/year. ?
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