BETDAQ or you are dismissed!!!!!

[TheRiddler]

I a going to make a statement to those who dismiss BETDAQ.

If you trade to small amounts trade BETDAQ. If you're not then you do not deserve to succeed. Think about the future, it will not remain as it is now and it will never be as rosy as previous.

Those who trade larger amounts who still give BetDAQ a fair crack as well as betfair CONGRATULATIONS.

Those experienced who don't make small moves away from premium charges and the future, this thread doesn't apply because I know you're too far 'gone'.


Competition is your friend. It should also be a main point of focus no matter how large you trade. Together WE can make this happen.

Oh and good luck to all who trade and/or punt.

BETDAQ BETDAQ BETDAQ BETDAQ BETDAQ BETDAQ BETDAQ

[shaunybhoy]

It's the same with any company, BetDaq would be the same as Betfair with increased charges once they had grown too big for there own boots. It's all the same with any company. So by all means use BetDaq and hope that they grow, once they have be prepared to pay the same surcharges as Betfair or more, or just use Betfair and accept the charges but enjoy the fact that your tades get matched.

[Squirtle]

I think that's an errant, view if Betdaq got stronger, Betfair would have to repond, by cutting prices. A price war would ensue between exchanges. Currently Betfair is just hell bent on getting as much revenue as possible from all their users, that situation will not change and will likely get worse going forward.

We need competition in the market.

I mean what does Betfair need to do, take 90% of your profits, what will make you change? 100%?

[shaunybhoy]

Seriously its the same old everyday scenario. Ebay raise there fees, some people are unhappy about this. A new auction site opens, zero listing fees. Amazing, sellers try this out not wanting to use greedy ebay anymore. They list all there items on the other website with zero fees. Oh there are no buyers, back to ebay afterall if I want to continue selling.

The reason for this is simple, buyers trust ebay, they are not paying any fees to buy. Likewise every joe punter trusts Betfair, its where the money is. I think BetDaq can personally do whatever they want with there fees and it wont make one bit of difference. They could even introduce zero fees and I bet it would make little impact.

Everywhere I seem to look there is people asking others why they are not using betdaq. Pretty sad if thats what its resolved to for betdaq to get some descent custom. They are a business, perhaps they could increase there advertising budget one way or the other. I had not even heard of betdaq until people started moaming up betfair fees. As I am gambler I am surprised with this. I hear about William Hill, Ladbrokes, Sky Bet etc enough times to know of there presence, why not BetDaq.

It all boils down to personal choice at the end of the day. I don't think any one person can cause a major revolt where betfair suddenly are so worried they reduce fees dramatically.

[Squirtle]

It's not a trust thing. When Betfair came into being nobody used it because..... there was no liquidity.

If people got off their arse and put some liquidity into Betdaq people would use it.

It's a bit rich asking Betdaq to spend millions, which they don't have, advertising it. It's up to us to get the liquidity going. The alternative is death by a thousand price increases on Betfair.

Before traders arrived, Betfair had no liquidity, they got lucky.

[shaunybhoy]

How can you possibly say its a bit rich BetDaq advertising. It's called a business plan, any start-up business should have a clear cut method of how they are going to run the company and get it fully up and running. Without this its a totally useless task that they have ahead of them.

If they dont have the money to compete even on the smallest levels, is it a wonder its in the position it is just now.

Betfair didnt get lucky, Betfair were smart enough to be the first of its kind and therefore were always going to head in one direction, the direction of success. You really think BetDaq had a business plan of, hold on if we just start this site up (anyone could), and we have smaller fees than Betfair we will be a huge success and our main source of getting new members will be people telling others that they are not happy with betfair charges, sorry it doesnt work like that.

[Cran]

What's the chance of the new Bet Angel features being put in the Betdaq version?

[andyfuller]

Betdaq did run quite a big advertising campaign on the All Weather courses if I remember right, or it was a big group of courses earlier this year - they are advertising at Chepstow as well tonight for example. However, it is clear to me this kind of advertising isn't very effective.

An idea I would have for them which wouldn't cost them much is to appproach some of the blogs and forums and pay them to have Betdaq ads in prime spots. These blogs etc attract a lot of new traders etc and you would be advertising direct to your target market and perhaps new traders may begin to see there is an alternative to BF.

It wouldn't cost the much and I am sure the blog owners etc would be happy for extra income.

Whoever is running that company at present should by rights be fired imo as they are useless. I got in touch with them when the Premium Charge was first introduced and helped them with quite a bit of stuff and tried to make it pay on Betdaq, eventually I had to call it quits as it just wasnt viable and was costing me too much. Since then I have not had as much as an email asking me to come back....it really does seem like they are happy with what they have and aren't fussed if they get more.

[poklius]

After BF introduced PC I was very sceptical when everyone shouted that betfair is going down is busted etc.. and i still am. How much of betfair user is affected by PC? less than 1%, and that means that more than 99% of bf users doesnt give a shti about PC! They just want to back/lay donkey or balance their books, and the best place to do that is BF, because of higher odds and of course liquidity. BF knows that they have to keep those 99% of users and the bussiness will be profitable. As for other 1%, us traders, they dont care, only thing we are doing at BF is slowly emptying BF pool of money. What needs to happen to move masses form BF? i have no idea and dont think that betdaq have done here anything wrong and if they are capable of doing anything at all.

[drifter]

This should give you a chance to compare the markets

http://driftersandsteamers.blogspot.com ... etdaq.html

[LeTiss]

I've just started to dabble with Betdaq to see how it goes.

One thing I have noticed though, is being able to bet on Australian markets without having to deposit money into a seperate wallet.

Why can Betdaq do this & Betfair not?

[Point2Point]

How can you possibly say its a bit rich BetDaq advertising. It's called a business plan, any start-up business should have a clear cut method of how they are going to run the company and get it fully up and running. Without this its a totally useless task that they have ahead of them.

If they don't have the money to compete even on the smallest levels, is it a wonder its in the position it is just now.

Betfair didn't get lucky, Betfair were smart enough to be the first of its kind and therefore were always going to head in one direction, the direction of success. You really think BetDaq had a business plan of, hold on if we just start this site up (anyone could), and we have smaller fees than Betfair we will be a huge success and our main source of getting new members will be people telling others that they are not happy with Betfair charges, sorry it doesn't work like that.

Betdaq have spent a ton of money and that's the problem. They spent and not many joined so it's hard for them to go back and raise more money when the last tranche didn't generate much. It's a catch 22, if they get customers they can spend if they don't they are limited. Betfair have millions to advertise with. Betdaq is not a new business its a survivor. So many exchange have gone now only a few survive.

Betfair were not the first to market but their smart move was to buy a big competitor, Flutter. They were not profitable even then, losing money hand over fist. It was only when traded volumes picked up that this attracted bigger punters and a nice cycle began. One that hasn't been broken yet. But it's actually us that hold they key IMHO.

Betfair believe that they have the entire market to themselves and that it can't be broken because it's customers are afraid to move. That is what they are playing on. The fact that the PC stuck has meant that they are now looking to increase charges again. They view it quite simply as a them and us game.

Because traders and the like are so smart we effectively eat into Betfair's commission so they are looking to get some of that money back however necessary. While we pussy about debating whether or not to do something Betfair walked away with £300m in commissions last year up 30% or so on turnover in core markets which is pretty static.

We all have an obligation to try and make this a competitive market. Even a few quid here and there would help. That's the short end of the issue, Betfair have shown us they are happy to give us the finger when it suits them.

If Betdaq fails, we are all completely stuffed.

[phoneone]

Correct me if I am wrong but I thought some of the big bookies used Betfair to balance there books surely PC must affect them a lot, unless they are getting special rates

[andyfuller]

Bookies balancing their books will have a P&L very much like a regular punter with lots of ups and downs and therefore wont be paying the premium charge.

Great video Drifter - just backs up my point that small traders and newbies would do just as well if not better over at Betdaq - there is nothing to stop you running a copy of Bet Angel and Betdaq Angel side by side and using Betfair as your guide - as is shown in the video £50 stakes are perfectly fine and can produce okay profits.

Now all we need to do is setup a traders union and get all the Premium Charge payers to join and chuck in £5 a month so we can start our own advertising campaign in conjunction with Betdaq

[LeTiss]

Bookies balancing their books will have a P&L very much like a regular punter with lots of ups and downs and therefore wont be paying the premium charge.

Great video Drifter - just backs up my point that small traders and newbies would do just as well if not better over at Betdaq - there is nothing to stop you running a copy of Bet Angel and Betdaq Angel side by side and using Betfair as your guide - as is shown in the video £50 stakes are perfectly fine and can produce okay profits.

Now all we need to do is setup a traders union and get all the Premium Charge payers to join and chuck in £5 a month so we can start our own advertising campaign in conjunction with Betdaq

Is this the idea you put to Betdaq Andy?