New Betfair commission rates

News, chat and debate about the Betfair betting exchange.
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maycontainnuts
Posts: 90
Joined: Wed Oct 10, 2012 5:58 pm

Norway 5.5%
Bulgaria 7.5%

http://community.betfair.com/general_be ... commission
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CaerMyrddin
Posts: 1271
Joined: Mon Sep 07, 2009 10:47 am

Why did this happen? Does anyone know?
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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

CaerMyrddin wrote:Why did this happen? Does anyone know?
In some countries it could be to cover excess costs from the authority e.g. licence and taxes

Or it could be a simple case of pure greed.

You can decide yourself but I know which option I put my money, sorry, commission payment on! 1.01 on Greed!!
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Euler
Posts: 26238
Joined: Wed Nov 10, 2010 1:39 pm

Not aware of any legislation changes in those countries so I am assuming Betfair are testing the water for prices increases?
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mugsgame
Posts: 1235
Joined: Wed Mar 25, 2009 11:41 pm

Euler wrote:Not aware of any legislation changes in those countries so I am assuming Betfair are testing the water for prices increases?
Increase your prices when your biggest competitor is gaining on you quickly? Seems like suicide to me. So fits Betfair's profile nicely.

Or could it be a general hike in commission and scrap the PC?
I think it's fairer that everyone pay not just successful players :mrgreen: :mrgreen:

The thread will fill up now with people with great ideas like...
"I would happily pay 10% commission if no PC"
" I would happily let any of the Betfair's executive team sleep with my wife and 18 year old daughter if I didn't have to pay PC"
" I would happily pay 10% commission, 60% PC and let any Betfair employee fuck me up the arse. I don't want anything in return...."

You get the picture
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Euler
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Joined: Wed Nov 10, 2010 1:39 pm

I think they are in trouble TBH. I can see Betdaq coming up fast and underlying liquidity on Betfair falling as they stick there nose deeper in the trough.
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mugsgame
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Joined: Wed Mar 25, 2009 11:41 pm

Euler wrote:I think they are in trouble TBH. I can see Betdaq coming up fast and underlying liquidity on Betfair falling as they stick there nose deeper in the trough.
It's like watching a car crash in slow motion, knowing all the time you know how to stop it. Any idea about their new api, so I can send flowers for the funeral.
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LeTiss
Posts: 5464
Joined: Fri May 08, 2009 6:04 pm

I suspect Mugs idea of increasing commission to replace PC, is not a million miles away from BF's thoughts

They have a new problem, something they haven't really had......it's called competition!

With a new dominant male on the prowl, they can either stand up & fight, or let that male takeover, I suspect they will fight
PC goes against the principles of being competitive, so whilst removing PC may seem like wishful thinking, they would be mad not to have discussed it at board level
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Euler
Posts: 26238
Joined: Wed Nov 10, 2010 1:39 pm

LeTiss 4pm wrote:Any idea about their new api
No firm timescales at the moment, but 'soon' appears to the word of the moment. We are ready when they are.
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mugsgame
Posts: 1235
Joined: Wed Mar 25, 2009 11:41 pm

"Are we there yet Dad"?
"Soon, Son"
"But I'm bored Dad"
"Just look out of the window and count how many red cars you can see, when you get to 100 we will be there"
"But we are on an Aeroplane Dad"

:mrgreen:
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herbie
Posts: 342
Joined: Mon May 11, 2009 8:56 pm

It seems their long term interest is being a bookie and not an exchange...
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sweetybt
Posts: 500
Joined: Sat Apr 18, 2009 4:35 pm

I have heard that from May 1st Betafir customers can receive reduced commission rates based on the number of positive comments they make about the company on forums.

I think this is yet another great idea from an innovative organization which has proved itself to be a market leader and the natural choice for exchange users around the world.
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JollyGreen
Posts: 2047
Joined: Sat Mar 21, 2009 10:06 am

sweetybt wrote:I have heard that from May 1st Betafir customers can receive reduced commission rates based on the number of positive comments they make about the company on forums.

I think this is yet another great idea from an innovative organization which has proved itself to be a market leader and the natural choice for exchange users around the world.
Surely we'd be better off feeding bananas to the chimpanzees on the in play and suspended buttons? I mean what better thing than to feed your valuable staff free food?
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sweetybt
Posts: 500
Joined: Sat Apr 18, 2009 4:35 pm

I find the suspension of markets on betfair are always perfectly fair. Especially the greyhound markets and the US horse racing. *

* I got an email from my really helpful account manager confirming a .1% reduction for my previous post ;)
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Euler
Posts: 26238
Joined: Wed Nov 10, 2010 1:39 pm

Just finished listening the Betfair results presentation and these changes in commision rates are indeed a test of the market. When questioned aftewards Breon stated that they had tested pricng in five countries. Rasied prices in four countries and lowered in one.

They were doing it because of the lack of impact on Austrailian pricing. Just like the PC if they do the first implementation and if there is no change behaviour up go the prices.
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