Would Betfair hire me? Generated 2M turnover, 24k commission

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DefInvestor
Posts: 15
Joined: Tue Sep 17, 2024 10:54 am

CloseBets wrote:
Fri Oct 25, 2024 3:42 pm
If you still believe Betfair may hire you then the easiest thing would be to simply approach your account manager.
Yes, but first I wanted to gather more infos… And I really appreciate the valuable input I’ve received here, even if the trends don’t fully align with my intentions.

BTW, does anyone know how much tax Betfair pays on its commissions? Or in general, how much tax bookmakers in the UK pay, is it 15%?
DefInvestor
Posts: 15
Joined: Tue Sep 17, 2024 10:54 am

Fugazi wrote:
Fri Oct 25, 2024 5:56 pm
However, I guess if you are more data science based and algorithms then you can profit without knowing that kinda stuff
Yes, that’s my area. My results in competitive programming were also decent.
Fugazi wrote:
Fri Oct 25, 2024 5:56 pm
Im confused how you are doing so well on Betfair but don't seem to be aware of some fundamental principles
Well, taking the bookmaker's ecosystem into account was never my objective. I’d also be cautious about trying to explain complex processes with oversimplified models. But it is interesting to look at the events from the perspective of a bookmaker.
Leb
Posts: 17
Joined: Thu Nov 12, 2009 12:41 pm

But the profit you make per year is probably essential, right? In that case, maybe a syndicate or another bettor could hire you.There could also be some value for a winning player who pays a premium charge on the generated commission. Betfair is unlikely to be interested in hiring you. They've already practically shut down 80% of the European market and lost numerous similar customers to you. I wouldn’t be surprised if the exchange is closed by 2030.
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