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Originally Posted by Mark
I'd love to know who "the well known punter" was. What a silly statement, "you can't beat the BF takeout". Funny thing is I've had my best week in ages as the bots appeared to be asleep early on in the UK markets. Or have some moved on?, suits me fine if they have.
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Mark, he meant the takeout from paying commission on all win bets, the winning ones as well as the losing ones.
One may have cumulatively won $20,000, but only cleared $2,000 in profit.
So based on 5% commission, paid $1,000 in commission.
That's 50% of the nett profit gone!
No punter can win paying 50% of winnings back to the provider.
Now as a trader, bookmaker or market maker, you might make $2,000 profit and this is cumulative.
You've effectively paid $100 in commission or a miserly
5% to the provider.
Most certainly any successful market maker can win paying 5%.
That's the basic but mammoth difference.
SB combats this commission by arbing.
So SB is paying the same commission rates as you.
He was implying that unless he did it this way, it would be impossible to make a profit due to the cumulative effect of commission.
I think you may have had a good week and will have a good week next week also, because many players have shut down their autobots after being stung on Wednesday with their Premium Charge. I have also noticed the price chasers aren't there like before.
I have to wait another 3 hours and 20 minutes for my big race at Dundalk to go off. They should pay me a Premium Discount for providing liquidity when I should be asleep
