Betfair increase commission on NSW races

[xitian]

Spoke too soon. Just been notified.

[Euler]

Spoke too soon. Just been notified.

Reverse order no doubt

[xitian]

Basically now:
· Turnover charge will now only impact NSW Thoroughbred racing
· Turnover charge will now impact those who have matched bets on 25 markets as opposed to 1000 markets on NSW Thoroughbred racing

I basically have to stop trading NSW races.

[Naffman]

It used to be 50 markets then somehow it got up to 1000

So is WA okay now?

[xitian]

So is WA okay now?

I would assume so based on their statement.

I'm going to ask them for a definite list of tracks. Am I correct in saying that harness and thoroughbred racing is always on separate tracks? If not, I'm not sure how we're going to differentiate the races via the API.

[Naffman]

Just read that BF will now pay 56% of revenue BEFORE any operating costs and taxes! How is this even sustainable!? Can see them pulling out of the market altogether!

[cybernet69]

Just read that BF will now pay 56% of revenue BEFORE any operating costs and taxes! How is this even sustainable!? Can see them pulling out of the market altogether!

+1

[spreadbetting]

So is WA okay now?

I would assume so based on their statement.

I'm going to ask them for a definite list of tracks. Am I correct in saying that harness and thoroughbred racing is always on separate tracks? If not, I'm not sure how we're going to differentiate the races via the API.

If you manage to get a list please post it as Betfair's CS dept is pretty inept at the best of times.

[Naffman]

Sorry to keep coming back with these snippets of info haha but apparently BF have paid RNSW $20million in the past 5 years, they have already been very tolerant thus far!

And this - Comparing turnover from nsw and vic in 2012 (nsw $275M, vic $305M) to 2013 where both used the turnover tax (nsw $240M, vic $260M) to now where nsw still uses turnover and vic uses profit (nsw $210M, vic $310M) - quite an interesting comparison!

[xitian]

Here's the list of venues provided by Betfair that will be subject to turnover charge after 1 July.

NSW Racetracks.xlsx

[iambic_pentameter]

Thanks for taking the time to upload this, Xitian.

[Wildly]

Here's the list of venues provided by Betfair that will be subject to turnover charge after 1 July.


NSW Racetracks.xlsx

Canberra is in that list

[Lutruwita]

Here's the list of venues provided by Betfair that will be subject to turnover charge after 1 July.


NSW Racetracks.xlsx

Canberra is in that list

No, ACT is fine for trading.

[napshnap]

Can someone PM me this list as a plane text, please?