Betfair Sports Director: An Interview

[decomez6]

caan:
" is betfair re -investing some of the PC collected back into the exchange ? ... the infrastructure needs an overhaul ,one outage is one too many ! "

RIchard:
" we are always looking forward to make the exchange as competitive and bettter than anyone out there , this makes relaibilty our topmost priority .
we are glad to see our loyal winning customers keep the same level of activity with or without outages..... iam not the right person to ask about technical issues affecting the exchange but i dont see why we need to change a winning strategy "

was that answer political enough?

somewhere in there emerges................

i dont know 6.gif

we are the best in the industry , take it or leave it

you should consider buying some of our shares !

[Euler]

I was surprised by the mortgage bit, but for different reasons, it's plain common sense as an insurance business you're not going to lend someone money whose only income is from betting....
But Peter, you live in Hampshire too, seen what you can buy with £250k recently?! 2bed if you're lucky

I can't imagine any lender using betting income. But it was more the public statement about needing a mortgage to buy a property, for £200k!

[Euler]

Can someone explain why on earth they think Betfair would be interviewed by Peter? Business and social media is about reciprocity and ass kissing, Peter is their most high profile and consistantly outspoken critic, it would be like agreeing to be interviewed by a pissed-off ex-wife. Zero benefit. If you ran a business and had any sort of message to get across, would you choose a disgruntled customer with his own agenda to do it? Nope.

Caan has actually been very critical of Betfair on Twitter for months now, imo taking it too far on a few occasions. During one of the outages he kept asking some poor girl @BetfairCS questions she just couldn't answer. He seemed to get caught up in the moment which didn't come across well at all. I asked him why he didn't ask his account manager the same questions as they would be in a better position to answer them... he didn't take that well That's why I'm surprised Betfair granted him an interview, but maybe they knew the questions coming their way wouldn't be that tough.

He seems to be branching out into other endeavours. Bashing Betfair feed nicely into his bashing bookies narrative which in turn brings customers to his matched betting service. If has been said earlier in the thread he's losing £300 on individual pre off trades then that's not going to help sales of his video packs. Maybe he's carving out a new career as a broadcaster?!

That's more or less how I read it on both points.

[ShaunWhite]

Caan has actually been very critical of Betfair on Twitter for months ?!

Fair enough i didn't know that. I don't watch any of the celebrity traders and salesmen. I did at the start but not after I went auto.

PC didn't break Betfair in 2011,2013,2013, 2014 etc etc so I'm not sure it's responsible now. There's just more and more competition for the leisure £ these days. With the govt attempt to make gambling the new smoking it's not going to get better by just fiddling with the commission rates.

What Betfair need is more territory but that's going in the opposite direction too

[Naffman]

Caan has actually been very critical of Betfair on Twitter for months ?!

Fair enough i didn't know that. I don't watch any of the celebrity traders and salesmen. I did at the start but not after I went auto.

PC didn't break Betfair in 2011,2013,2013, 2014 etc etc so I'm not sure it's responsible now. There's just more and more competition for the leisure £ these days. With the govt attempt to make gambling the new smoking it's not going to get better by just fiddling with the commission rates.

What Betfair need is more territory but that's going in the opposite direction too

Yeah the only areas where liquidity would increase markedly would be Asia and the US, and that won't happen anytime soon.

[Seth]

I think most of us have increased (considerably too) our activity in the markets to compensate for PC so if they scrapped it (or made an allowance each week) then I personally probably wouldn't increase my betting either.

Agreed, hard to up your volume when you've already pumped the volume to what you consider your max already. Last one I did probably added 2-5% to my winnings, pre PC. Wasn't even worth the effort used to up my turnover and if I'd been able to double it I would have done so ages ago.

With the maker/taker trial they'd have been much better off directing it at people who would be worse off to see if they'd switch their behaviour rather than giving it to people who are doing what they wanted already.

I can't see any chance of them binning PC as they're so used to that money on the bottom line. Only likely change will be a case of robbing Peter to pay Paul as they don't want less than the PC brings them now. When I was told the trial was due to end I was told it was because it was costing them money, didn't have the heart to tell him it wasn't costing them a penny they were just taking less from their loyal customers for once.

[Naffman]

I can't see any chance of them binning PC as they're so used to that money on the bottom line. Only likely change will be a case of robbing Peter to pay Paul as they don't want less than the PC brings them now. When I was told the trial was due to end I was told it was because it was costing them money, didn't have the heart to tell him it wasn't costing them a penny they were just taking less from their loyal customers for once.

Yeah they've become so reliant on it, you have to wonder though if the Exchange would even make money without it considering the dwindling customer base.

I think too, Betfair would take the argument more seriously if Betdaq was seeing a big increase in liquidity/customers where it would be obvious that users have switched over from BF due to PC but it seems the whole Exchange ecosystem is just dead at the minute.

[Naffman]

Flutter are now limiting under 25's to £500 loss per month, if you are on PC and fall into this bracket and have ways to minimise the charge then you could easily fall foul of this...seems CB got an interview with a paper pusher.

[ilovepizza82]

Their stubbornness about canceling premium charges is unbelievable. It's like trying to crack a safe while being on a sinking Titanic!

It really does earn them that much I reckon, if 500 people are on higher rate plus maybe another 1000 on 20%, they could easily average £500 per week per customer.

Obviously loose sums but PC payers altogether will generate at least 6 figures a week for them.

1000 on 20% ?
I think a little more than that.
Within a few months I managed to make 12k profit just by mug betting/arbing and they wanted me to pay 20% !!! 12k profit
Its extremely easy to meet all the PC requirements. Easier than most people would like to think. I reckon there is at least a few tens of thousands of 20% PC payers on Bf exchange.
I like Caan's videos but like Peter said. This time Caan was a liittle too soft.