2nd February 2014, 03:42 PM
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Member
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Join Date: Jan 1970
Posts: 4,430
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Read the responses.
I'll just reply here, as I don't like the BF forum much.
I am probably making more now than I did before, but it's harder and with Aus races I can't get set early on many horses, I have to wait until the last ten minutes. Before PC and levies, that was not the case.
1) It was no longer viable to trade (in the traditional sense) on any market whatsoever.
Nonsense.
Clearly this bloke is not a tick trader. Neither am I, I was just pointing out that tick traders have all but left because of the PC.
2) The winning traders left for greener pastures at the expense of liquidity and profit - NEVER TO RETURN.
Less sharks in the pool means the smaller fish have got a chance. Make the most of it.
Nope, that doesn't follow. Less fish in the pool means a smaller pool in this case and prices that would have been there aren't, because traders aren't trying to get on or get out.
3) The markets lost more than half it's liquidity leaving punters unable to get set on anything greater than 10/1 for decent amounts.
It all comes down to supply and demand. If it's long prices you're looking for you'll normally find that anything that's not in the first 3 or 4 in the market in most races will drift out to big odds just before the race. As for "decent amounts", that's a very vague concept. The less greedy you are about price, the more you'll get set for, just like any other betting medium.
I did not do any betting for the early part of yesterday, I watched the markets quite a bit though. The amount of money available at anything outside a few fancied runners even on metro races was dismal (with some exceptions). Greedy is a vague concept also.
4) Markets devoid of liquidity meant that the prices were only driven by punters, therefore as a market total virtually became 100% on average, with commission on top. Meat was sheared off the bone.
I haven't the faintest idea what you're talking about. Sorry.
He doesn't understand market percentages fully.
5) Thousands of punters left in droves.
Because all the whingers kept talking the place down.
No they left the forum for that reason, they left Betfair because of Premium Charges - fact.
6) Revenue and growth dropped massively and stagnated with no hope of redemption.
More doom and gloom. And isn't that more a problem for the share-holders and bean counters? Why should punters give a flying fig, as long as we can get a bet on.
Because it's getting harder and harder to get a bet on, that's the point.
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