I don't get it

[Euler]

I’ve always found it interesting how many people who bet don’t really get the wider opportunity that’s in front of them with Betting exchanges.

It’s not just trading either. Even at a basic level, things like price, value, and timing seem to be overlooked. Some people still don’t understand that getting the right price matters more than picking winners, or that markets move and you can take advantage of that. And it still amazes me how many people don’t really understand a lay bet, or don’t even realise that laying exists as an option.

A lot of people still seem to be stuck in a very traditional bookmaker mindset. Pick something, back it, hope it wins, move on to the next one. That approach ignores so much.

I’ve had a Betfair account for 25 years now and have been full time for most of that. Exchanges are easily the best betting platform ever created.

Why don't people get it?

[ODPaul82]

I think as its so indoctrinated into peoples heads is that's the approach they have to take.
I cannot remember for the life of me when I saw an advert for an exchange

There's the massive opportunity with trading in that you can recycle over & over as well which isn't an opportunity that old fashioned backing lets you do.

That being said I will do set & forget with dutching correct score but only if model says yes it's value vs price

[jamesedwards]

For the recreational punter the Betfair UI is complicated and daunting when compared to the simplicity and flexibility of a user friendly traditional platform such as Bet365. Plus they have to sit and wait for their bet to get fully matched. For a few extra % winnings in their eyes the juice isn't worth the squeeze. And that's even if they know Betfair Exchange exists.

[Crazyskier]

I’ve always found it interesting how many people who bet don’t really get the wider opportunity that’s in front of them with Betting exchanges.

It’s not just trading either. Even at a basic level, things like price, value, and timing seem to be overlooked. Some people still don’t understand that getting the right price matters more than picking winners, or that markets move and you can take advantage of that. And it still amazes me how many people don’t really understand a lay bet, or don’t even realise that laying exists as an option.

A lot of people still seem to be stuck in a very traditional bookmaker mindset. Pick something, back it, hope it wins, move on to the next one. That approach ignores so much.

I’ve had a Betfair account for 25 years now and have been full time for most of that. Exchanges are easily the best betting platform ever created.

Why don't people get it?

I have had several conversations along these lines, and now accept that the 'buzz' of a gamble, placing a bet and watching the outcome, is far more exciting (to many) than a scientific approach around price and timing and value.

I've given up trying to persuade people and now gracefully accept their 'bet and hope' bit of fun.

CS