Or operating several accounts.

Well back to the original topic, I have found that centreracing allow bets of 1 cent lol. Even less than I was wanting. But looks like they'll do the trick.

YES

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Completely wrong.

Actually the evidence suggests this could be the biggest topical story since the launch of exchange betting.

(An unsubstantiated allegation of misinformation by Betfair has been deleted here. Due to potential legal issues of defamation please be careful about what you post. Moderator 3.)

Your claimed modus operandi indicates you would be considered a trader. As should every intelligent person using Betfair.

If those threatening to go elsewhere had done so in the past, Betfair's monopoly would be broken, and we would not have this debacle inflicted on us.

I didn't say it wasn't topical jfc, but for example the number of posts over at BF itself suggests extreme overkill over the whole situation.
If those threatening to go elsewhere had done so now, Betfair's monopoly would be broken, and of course it won't be for any long period.

"and we would not have this debacle inflicted on us."

So it's their fault???

It's simple really, whether it's right, is another argument.

They will give punters a better opportunity to win, providing they pay the same as a losing punter, if they pay less, they can expect to pay more for the privilege of winning.
Whatever the situation, it should be Betscared because 90% of deserters, would have been unaffected despite their claims that they would.

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I dont know why Betfair does not charge the big bettors the same as everyone else the 5% , that way it makes it a level playing field.

It sounds like the big bettors begrudge paying any commission.

Maybe it was a mistake offering discount commissions in the first place.

Can someone say what the percentage Betfair is seeking from this minority group?

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Cheers.

The question of Bet Trader charging for their software.

The program is free to use for Dutching & say 10 cent win & lay betting.

The charge only applies if one wishes to use their Trading ladders.

Bet Trader can be found by Googling, Racing Traders.

One will not wish to accept the TABs terrible prices any more once one has experienced the difference.

If you find yourself mainly breaking even using the TAB.
The same selections on Betfair will yield a profit.

Tip for those new to Betfair , always try for one or two ticks higher than the offered price, you will see how often these get matched.

Cheers.

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Cheers.

Hi,


From my understanding, the loosing bets commision as well as the actuall commision payed is added together.

Also it is gross profit they are talking about, so if you win 110,000 and you turned over (lost) 100,000 then your gross profit is 10,000.

Chances are that the general betting person has payed well in excess of the 20% by the time they grind the 10% POT that is ilustrated there.

Those that will be effected are those that have limited bets exceding 250 per year but have a high strike rate ...... I think that those are unfairly tagreted and perhaps arent supposed to be. In this situation the edge of Betfair over even best TOTE is definitely given away through the extra payment of percent.

The explanation on Betfair is rather hard to understand, I cant find any other posts that explain it better and I think that it has been badly handeled.

If you have any links that explain or answer questions from concearned punters please post them here thanks.

Michal

By my rough calculations any body laying exclusively with a strike rate in excess of 80% (maybe even less) would qualify under the selection criteria, so long as the $ profit and number of markets criteria also matched.

This won't just touch the big boys!

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

The main reason for the charges is the in-play betters and traders that win on 90% or more of there trades, these guys are paying far less commission than the normal punter.

I agree a 5% commission fer everyone would be a better idea and reduce the transaction charges there is no need to have it set at 1000 an hour bring it down to 100 and this would catch all the bots that trade automaticly