Britain's most successful gambler?

[Rinoa]

Not heard of these people before. Presumably they use Betfair.

https://uk.finance.yahoo.com/news/insid ... 59947.html

[Dallas]

Fascinating read thanks for that.

[LinusP]

In the article it says they use Asian bookmakers, doubt the big players use betfair with the issue of premium charge. There seems to be a lot more betting syndicates around in London, even recruiters that specialise in hiring for them.

[xitian]

Yeah, I think Asian bookmakers serve a very different purpose to exchanges. Exchanges are good for low latency, placing many separate bets for trading, and offering a prices that you want to get matched at, but are never going to let you place £1,000,000 bets without moving the market. On the other hand Asian bookmakers let you place very large bets for "gambling" based strategies.

Gambling is much more scalable as this article demonstrates, but you have to sustain much larger drawdowns - not something everyone can stomach.

[vankancisco]

Betting exchanges are not capable of accommodating really big gamblers, and that's also the case for many professional gamblers right across the spectrum. The model simply doesn't make it feasible.

[megarain]

Am not sure thats quite true.

Bloom is probably the guy, who is most responsible for PC.

His yearly profits off the exchange, used to be comparable to what Betfair made, in the full yr.

Not sure of recent figs .. but shows just how good, the top of the tree really is.

(( In theory, he shouldnt be betting on football games, where his Club is remotely involved .. which is probably why, he is not listed as a Director of StarLizard ))

[spreadbetting]

I'd be surprised if the exchange could compete with the likes of Pinnacle etc for prices and volume for football, and other head to head sports, where the margins are low. Even discounting PC charges, which I'd doubt most straight gamblers would pay, the normal commission charges mean you'd probably get a better price elsewhere with the 1% book across various bookies. Plus exchange liquidity is usually poor in boxes 1 & 2 until the close to the off and most pros want to get in early especially if injuries etc are known in advance.

[vankancisco]

Have had a couple of insights into how some of the really big boys work and it seems to be a different stratosphere. One things for sure - they don't want to be fumbling about on an exchange trying to get matched just before the off. That's not to discredit exchanges - they provide fantastic opportunities for every day people to become involved. As far as Bloom goes, he originally made his money through other platforms, and there was other people involved.

[tomallen123]

Do successful punters pay premium charge?
I seem to remember reading their edge is very small, a few percent if that.
Surely that wouldn't make them PC eligible?