Gambling Review White Paper update

[ShaunWhite]

Fair enough I thought they were allocated to all PC payers. Certainly worth having if you're ever offered one as customer service staff are pretty clueless.

If you go to an event with Betfair in attendance (eg like the TPD event at Southwell or crash a BDP traders meetup ) then the guys are great, and you'll probably be told contact them anytime. A million miles from the std customer service. I know you shouldn't have to but shoulda woulda coulda doesn't get results and you have to hustle sometimes.

I don't think Jamesedwards will mind me name checking him and saying he'll go to events to press the flesh too. He even went to ICE and spoke to the Gambling Commission, and the Experian UK Head of Gaming, that's an admirable level of professionalism and effort. Kudos, I hope he reaps what he's sown.

I'd guess a lot of us old timers might not be doing this for a living if we had to jump through the hoops new traders have to.

It's not as hoop infested as some jobs or businesses I've had. And it's easier and more lucrative too so it wouldn't put me off.

[AnxiousBettor]

I used to use a BFSB in a client's name for value betting. One month I hit the £500 limit within the first week so I then contacted Betfair to lift the limit. I manage to talk them out of requiring a P90 but they still wanted payslips and a bank statement. When editing the bank statement I don't think I put enough zeros on as I was trying to make the client look rich but Betfair declined to increase the limit.

What's the £500 limit? Deposits?

Yes

[MaxLiability]

Fair enough I thought they were allocated to all PC payers. Certainly worth having if you're ever offered one as customer service staff are pretty clueless.

If you go to an event with Betfair in attendance (eg like the TPD event at Southwell or crash a BDP traders meetup ) then the guys are great, and you'll probably be told contact them anytime. A million miles from the std customer service. I know you shouldn't have to but shoulda woulda coulda doesn't get results and you have to hustle sometimes.

I don't think Jamesedwards will mind me name checking him and saying he'll go to events to press the flesh too. He even went to ICE and spoke to the Gambling Commission, and the Experian UK Head of Gaming, that's an admirable level of professionalism and effort. Kudos, I hope he reaps what he's sown.

I'd guess a lot of us old timers might not be doing this for a living if we had to jump through the hoops new traders have to.

It's not as hoop infested as some jobs or businesses I've had. And it's easier and more lucrative too so it wouldn't put me off.

All the AM's are on whatsapp so luckily don't even need to leave the desk.

These hoops might not have put you off but they'll sure as heck slowed you down. I couldn't imagine learning with a limit of £100pm. I'd have soon churned through that early days honing my skills. And £500pm is such a low amount if you're arbing or value betting especially as the returns are in the low percents.

You'd probably not have been given the extensive API access you have now if you hadn't your long history and activity on Betfair either.

[ShaunWhite]

You'd probably not have been given the extensive API access you have now if you hadn't your long history and activity on Betfair either.

Everyone can have the same api access? I paid 300 quid for it. It's not a perk.

[Michael5482]

You'd probably not have been given the extensive API access you have now if you hadn't your long history and activity on Betfair either.

Everyone can have the same api access? I paid 300 quid for it. It's not a perk.

In general there does seem an underlying misconception that some people have preferential treatment from Betfair in the markets and there's some magical formula that makes them money when the cold hard reality is they just work harder and smarter.

[ShaunWhite]

These hoops might not have put you off but they'll sure as heck slowed you down. .

Any slower and I'd have stopped, took over 2yrs.

Everything changes, boats sail. If you started this in 2010 it was a lot easier than starting in 2020 and starting in 2025 will be harder still. By 2030 and it might all be gone so you just have to play the hand you're dealt and make hay while the sun shines.

Nobody likes it but it's what it is.

[Euler]

There does seem an underlying misconception that some people have preferential treatment from Betfair in the markets and there's some magical formula that makes them money when the cold hard reality is they just work harder and smarter.

Spot on

[MaxLiability]

You'd probably not have been given the extensive API access you have now if you hadn't your long history and activity on Betfair either.

Everyone can have the same api access? I paid 300 quid for it. It's not a perk.

I assumed as a botter you'd have more than the usual 10 concurrent streaming connections.

[ShaunWhite]

I assumed as a botter you'd have more than the usual 10 concurrent streaming connections.

I've got 20. 10 is the default but you can ask for more. All you might need to do is justify why you want them and/or how they might find it mutually beneficial. They rarely say no, they just discourage inefficient setups that would bleed capacity.

The sign there's no special favours was when they stopped allowing people to have unlimitted transactions, strictly no exceptions. It some people out of the game who were paying a lot of commission.

Seriously Max I know people paying a grand a day in commission and there isn't anything in the way of perks, no better queue positions, no faster feeds, no maker discounts. Peter would confirm that, he's driven millions their way and gets Jack shit. Betfair are very stubbornly elagitarian.

[firlandsfarm]

They asked what job I had, said unemployed so they said that's £100p/m then, asked again and they asked if my job description had changed, it hadn't so they kept it at £100.

What if you had answered "Betfair Trader"?

[MaxLiability]

I assumed as a botter you'd have more than the usual 10 concurrent streaming connections.

I've got 20. 10 is the default but you can ask for more. All you might need to do is justify why you want them and/or how they might find it mutually beneficial. They rarely say no, they just discourage inefficient setups that would bleed capacity.

The sign there's no special favours was when they stopped allowing people to have unlimitted transactions, strictly no exceptions. It some people out of the game who were paying a lot of commission.

Seriously Max I know people paying a grand a day in commission and there isn't anything in the way of perks, no better queue positions, no faster feeds, no maker discounts. Peter would confirm that, he's driven millions their way and gets Jack shit. Betfair are very stubbornly elagitarian.

Thanks for clarifying Shaun, I'd have thought all the bigger winners like yourself had extra hidden features.

[Euler]

I can confirm that. Even if you have paid millions in commission and drive a lot of liquidity, there are no special terms.

[Michael5482]

Does anyone know when the DCMS report is due form the committee hearing a few weeks ago I can't find anything?

As a side note another article in the Racing Post after an open letter from Andrew Rhodes. I appreciate he has a difficult job but he and the GC seem to have gone off the radar somewhat especially with regards to frictionless checks. I'm hoping (living in hope) the select committee have picked up on this in the report.

https://www.racingpost.com/news/opinion ... xM9r79jvg/

[napshnap]

I assumed as a botter you'd have more than the usual 10 concurrent streaming connections.

I've got 20. 10 is the default but you can ask for more. All you might need to do is justify why you want them and/or how they might find it mutually beneficial. They rarely say no, they just discourage inefficient setups that would bleed capacity.

The sign there's no special favours was when they stopped allowing people to have unlimitted transactions, strictly no exceptions. It some people out of the game who were paying a lot of commission.

Seriously Max I know people paying a grand a day in commission and there isn't anything in the way of perks, no better queue positions, no faster feeds, no maker discounts. Peter would confirm that, he's driven millions their way and gets Jack shit. Betfair are very stubbornly elagitarian.

And that is awesome and the reason I love bf. I dont mind a special treatment but only beyond markets. It's fragile system and must be respected. I think It will be the last day of the exchange if they'll start to act like a smarkets.

[ShaunWhite]

And that is awesome and the reason I love bf.

Same. And the reason they give is that although they know who's a big player now, they can't tell who might to be big player in the future. Certainly a better ethos than the usual approach that favours bigger customers which makes it hard to get off the bottom rung.