BETFAIR maximus

www.sportingpost.co.za/2012/07/05/frontpage/betfair-bha-deal/

This might be good news for racing but not for betfairs users

All you fellas who are punters have got this wrong. Betfair is great for punters, what it has done is bought down the price of a bet. Your totes gouge too much out -- 26% (no where in the world is the general take out so high), and your bookies percentages are too much against the punters.
The experience that we have had in Australia is that Betfair has rapidly grown the amount bet. Traders have come into equation, bookies now take much bigger bets because they can lay them off.
There has been a migration from tote betting to fixed odds, but as more tech savvy players get involved they understand the percentages better.

kosbar Wrote:

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> All you fellas who are punters have got this
> wrong. Betfair is great for punters, what it has
> done is bought down the price of a bet. Your totes
> gouge too much out -- 26% (no where in the world
> is the general take out so high), and your bookies
> percentages are too much against the punters.
> The experience that we have had in Australia is
> that Betfair has rapidly grown the amount bet.
> Traders have come into equation, bookies now take
> much bigger bets because they can lay them off.
> There has been a migration from tote betting to
> fixed odds, but as more tech savvy players get
> involved they understand the percentages better.


Premium charges are killing the winning players

It can't be too bad...............turnovers are not declining..........2 of their competitors charging 2%-5%(Smarkets and WBX) have made no inroads into their business and both sites are virtually dead!

Betdaq are a creditable opposition on the bigger markets.

Rob any news for sa on betfair ?

Battle to get updates on those kind of issues.........there are people who are close enough to Betfair around that probably have a better idea..................maybe somebody could comment?

Rob,Betfair are not giving up and hoping to still come to SA,but will do everything by the book like they did in AUS

Hibs,I know but they won't just be sitting home hoping their licence comes along .........they must be monitoring progress I would think!

They are still active Rob,believe me...

good news for free trade in sa competition healthy