Today's Horse Racing

[Emtaxx]

jeez bet you wished u lumped on more!

Wonder how much you've lost over the time of backing at such high odds tho.

[ForFolksSake]

jeez bet you wished u lumped on more!

Wonder how much you've lost over the time of backing at such high odds tho.

There are so many other relevant questions to ask that you are not asking

[Emtaxx]

jeez bet you wished u lumped on more!

Wonder how much you've lost over the time of backing at such high odds tho.

There are so many other relevant questions to ask that you are not asking

Very good job of you to elaborate well done xD

[LinusP]

For some more context I have recently updated my pricing algo for jumps, a lot more confident in its accuracy I have become more aggressive in staking (getting closer to Kelly) PNL becomes a bit more volatile but considerably more profitable.

Only expecting a decent win like this maybe once a season however it happened twice over the weekend, both times at Newbury.

[ForFolksSake]

I guess that explains the £8.70 "matched"

[Emtaxx]

Very cool linus keep up the good work !

[ShaunWhite]

Cheltenham, the Burj Khalifa of the racing year

2024mv.jpg

[ShaunWhite]

This isn't so pretty though, 38th straight month down vs the same month in the previous year.

The decay looked like it was slowing but Jan and Feb have been back to the previous 15-20% reductions.

Half the size it was 4yrs ago.

Pre-race

hruk-pp.jpg

In running

hruk-ip.jpg

[Naffman]

So the Expert Fee has done nothing to stop the slide? I think it needed a lot of a bigger change to get people back and even if people wanted to return they’re not going to hand over bank statements and payslips to get £500 in.

[Emtaxx]

Joint efforts between a few things... They need to remarket themselves to suit the new generation style and step up their game, to actually bring down the commission charge, the prev gens are knocking on the door and also no one has any money since the pandemic.

[Naffman]

Joint efforts between a few things... They need to remarket themselves to suit the new generation style and step up their game, to actually bring down the commission charge, the prev gens are knocking on the door and also no one has any money since the pandemic.

And even if people do have money they can't deposit it anyway, I can only deposit £100 p/m, if I were to lose my Betfair bank then I wouldn't be able to come back, its ridiculous.

[jamesedwards]

Joint efforts between a few things... They need to remarket themselves to suit the new generation style and step up their game, to actually bring down the commission charge, the prev gens are knocking on the door and also no one has any money since the pandemic.

And even if people do have money they can't deposit it anyway, I can only deposit £100 p/m, if I were to lose my Betfair bank then I wouldn't be able to come back, its ridiculous.

Isn't the £100 limit only the arbitrary value for those who refuse to cooperate with a proof of income request?

[Naffman]

Joint efforts between a few things... They need to remarket themselves to suit the new generation style and step up their game, to actually bring down the commission charge, the prev gens are knocking on the door and also no one has any money since the pandemic.

And even if people do have money they can't deposit it anyway, I can only deposit £100 p/m, if I were to lose my Betfair bank then I wouldn't be able to come back, its ridiculous.

Isn't the £100 limit only the arbitrary value for those who refuse to cooperate with a proof of income request?

Yes but how are you meant to get that increased unless you give statements etc that many will not give, and if you’re doing this full time you’re also screwed unless you have a large pot of investments making income elsewhere.

[ShaunWhite]

So the Expert Fee has done nothing to stop the slide? I think it needed a lot of a bigger change to get people back and even if people wanted to return they’re not going to hand over bank statements and payslips to get £500 in.

I don't think it's been going long enough to tell, and I haven't got comparable stats for other sports so I don't know how's it's affected them.

Betfair can't do anything about the proof of income checks, that's an industry wide issue caused by the GC.

[ShaunWhite]

Joint efforts between a few things... They need to remarket themselves to suit the new generation style and step up their game, to actually bring down the commission charge.

An exchange is way more expensive to run than a bookmaker so they need to generate the income somewhere. Fees feel harsh but bookies charge it via the 30% overrounds on winners and losers, vs the 0% Betfair overround and fees just on the winners.