Betfair Premium Charge

[oscar123]

A half page advert from Betdaq in the racing post this morning about the premium charge, little else.

There was a full paged advert for BetAngel though, and next to it an advert for Centaur Training written by Peter Webb?! Whats happened there?!

[hgodden]

Thats strange, seems I've paid a few grand of that during the lifetime of my account but I've never had particularly heavy data usage and have only ever been warned by them once of a 10 pound charge that they waved. I best email them I guess, though I suppose it wouldn't have made a net difference as it just offsets the PC. Damn strange though

[Euler]

There was a full paged advert for BetAngel though, and next to it an advert for Centaur Training written by Peter Webb?! Whats happened there?!

Sounds like a cock up, why would I write an advert for them?

[oscar123]

I know, its on page 30 of the racing post.

Somebody has made a bit of a typo!

[Euler]

I'll see if I can have a look a bit later.

[Nero Tulip]

Other charges on the traditional premium charge portal relates to the amount they topped you up at the introduction of the 20% charge to get you to 20%.

[andyfuller]

Looks like the PGA have taken their lead form Betfair as well

http://dont-tell-anybody-i-ran-a-tipping-service.blogspot.com/2011 ... ocker.html

[LeTiss]

LOLOL

Nothing like quality satire

[hgodden]

Thanks Nero that's that solved then, I was a bit worried about asking betfair in case they'd made a mistake and wanted the extra in the form of more PC that it had offset

[Iron]

Premium charge hike suggests Betfair's glory days may be in the past

http://www.guardian.co.uk/sport/blog/20 ... -coin-flip

[enzabella2009]

Premium charge hike suggests Betfair's glory days may be in the past

http://www.guardian.co.uk/sport/blog/20 ... -coin-flip

English is not my 1st language but, reading this article and some other forums I read that Betfair is trying to stop all the greedy peters and adams to stand a a chance in the near future. I personally think is 50%-50% case..

[hgodden]

This mirrors a point I made a few days ago, given the tightness of the spreads on betfair...

"But they can't stop them (traders) entirely, because they need the liquidity the big players provide."

[Iron]

I suspect Betfair have got this covered. Unless their management is incompetent - and let's not rule that out! - you'd have thought they'd have modelled precisely what would happen without the big traders and backers.

But it will be very interesting to see what happens come the 18th...

Jeff

This mirrors a point I made a few days ago, given the tightness of the spreads on betfair...

"But they can't stop them (traders) entirely, because they need the liquidity the big players provide."

[Euler]

Betfair say that "about 500" users have made "at least £250,000" – and very possibly a great deal more - in gross profit on the exchange. The majority are likely to be running automated systems which, in effect, allow them to flip the coin many thousands of times every day. Over weeks and months, the money inevitably becomes concentrated in ever-fewer hands.

I think it's a fair article but this paragraph is wrong. Yes there are a few that use full automated system, but you also have people at the event sucking off, excuse the expression, chunks of money for little risk. People like me that use skill, judgement, add liquidity to the market and manually sit here each day doing that, get clobbered along with people who definitely are doing damage on the exchange. I don't think PC version 2 is an elegant or progressive solution.

The trouble is that pandora's box is open and many people know what to do so I don't think PC version 2 is the final solution and Betfair will look for version 3. All the current version will do is shut of some accounts, but the knowledge will just migrate to others and the same problem will exist. The top 1% or whatever of customer will still be the big earners. Nothing will have changed.

[Crispy]

There are also people using automated strategies adding value to the exchange. Not all 'bot' users are bad for the exchange....