Betangel is getting so popular this days. BA is making tons of money with new subscribers and with tradings, why dont they open their own sport trading exchange?
I have some ideas that will cost betangel 00.00 to open their own exchange. ( please don`t call me crazy too soon).I am wondering if bA ever thought of opening their own betting exchange...
BETANGEL Exchange
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JollyGreen
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I know someone who is trying to setup an exchange. I won't go into all of his plans but suffice to say he has invested >£1,000,000 and it is not passed the planning stage yet!!
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
Can I have this guy e-mail address? 
Please
Please
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
I don't think he will be interested somehow. I know he is now waiting for others parts of the jigsaw to fall into place before he moves to the next stage.
How about BA taking over Betdaq, kick the whole management team out and invest a bit on technology & marketing. Peter might have to divert his investment a bit but its worth a go. May be Peter approaches his investment friend, the sage of Omaha for financial backing if required. BA subscribers can invest for a part ownership.
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enzabella2009
- Posts: 747
- Joined: Tue Nov 03, 2009 3:58 pm
So JG, that guy is you... 
I doubt the guy is not interested in a big investiment..Good luck with it...
I doubt the guy is not interested in a big investiment..Good luck with it...
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JollyGreen
- Posts: 2047
- Joined: Sat Mar 21, 2009 10:06 am
I wish it was me or that I had enough finance to create it. No this guy is just a friend who has moved from another area of ecommerce.
I am not sure how serious he is anymore as he has fingers in a lot of pies. I know he suffered some sort of licensing setback but beyond that I don't know what stage he is at.
I am not sure how serious he is anymore as he has fingers in a lot of pies. I know he suffered some sort of licensing setback but beyond that I don't know what stage he is at.
How do you rate his chances of creating a major exchange?
Anyone taking on Betfair faces the Catch 22 that you won't get big until you can attract major liquidity, and you won't attract major liquidity until you get big. I think the challenge is to get millions of casual punters to switch over, as they are the part of the ecosystem from which everything else flows. So IMHO, what's needed is someone like Richard Branson, who can afford to give the site lots of publicity, and who is able to provide an offer that's sufficiently superior to Betfair's to motivate your average punter to move over.
Jeff
Anyone taking on Betfair faces the Catch 22 that you won't get big until you can attract major liquidity, and you won't attract major liquidity until you get big. I think the challenge is to get millions of casual punters to switch over, as they are the part of the ecosystem from which everything else flows. So IMHO, what's needed is someone like Richard Branson, who can afford to give the site lots of publicity, and who is able to provide an offer that's sufficiently superior to Betfair's to motivate your average punter to move over.
Jeff
JollyGreen wrote:I wish it was me or that I had enough finance to create it. No this guy is just a friend who has moved from another area of ecommerce.
I am not sure how serious he is anymore as he has fingers in a lot of pies. I know he suffered some sort of licensing setback but beyond that I don't know what stage he is at.
I've said it before Jeff, I'll say it again
I think the best chance we have of a true competitor, is through a traditional bookmaker.
They could provide liquidity for all markets by simply laying their own prices first, it's then up to punters to take them, or layers to put better prices in the queue.
I've heard a rumour that Blue Square have explored this idea
I think the best chance we have of a true competitor, is through a traditional bookmaker.
They could provide liquidity for all markets by simply laying their own prices first, it's then up to punters to take them, or layers to put better prices in the queue.
I've heard a rumour that Blue Square have explored this idea
If we did attempt to backend onto an exchange we wouldn't have been the first vendor to think about it and I am sure we will not be the last. But I don't think it's the real way forward at this time.
Way back in the past STW's business model was to do this. When they realised the paying API market wasn't huge, they gave the product away for free to try and generate critical mass; but that just taught them that the whole market wasn't that big. I imagine there are a few people who still think that gaining critical mass is the answer to a new sort of business model. But it's just never worked in the past.
That said, if there was more competition on the exchange side the market would flourish. But the evidence is that people are not willing to move to new exchanges unless they can replicate their income from the old ones. It's going to be a long haul for anybody that tries.
Way back in the past STW's business model was to do this. When they realised the paying API market wasn't huge, they gave the product away for free to try and generate critical mass; but that just taught them that the whole market wasn't that big. I imagine there are a few people who still think that gaining critical mass is the answer to a new sort of business model. But it's just never worked in the past.
That said, if there was more competition on the exchange side the market would flourish. But the evidence is that people are not willing to move to new exchanges unless they can replicate their income from the old ones. It's going to be a long haul for anybody that tries.
Looks like I was typing my response at the same time as you!LeTiss 4pm wrote:I've said it before Jeff, I'll say it again
I think the best chance we have of a true competitor, is through a traditional bookmaker.
They could provide liquidity for all markets by simply laying their own prices first, it's then up to punters to take them, or layers to put better prices in the queue.
I've heard a rumour that Blue Square have explored this idea