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Quote: from empty wallet on 11:32 am on Mar. 30, 2007[br]no wonder BF have paid £15 mill for TF,
:biggrin:
Quote: from empty wallet on 2:06 am on Mar. 30, 2007[br]
Quote: from FlatSeasonLover on 12:57 am on Mar. 30, 2007[br]<br>So after going round the houses EW Betfair should treat its customers equal but they are looking after their finances first and foremost and large staking winning punters will be prioritised. (explains why I get crap customer service from them).
<br>Exactly FSL and a good post
because you are not a big player, your treated like sh1te, eventually you get fed up of being treated like sh1te and either go to another exchange or go back to betting at that bookmakers shop (Edited by empty wallet at 2:09 am on Mar. 30, 2007)<br>
<br>Isn’t this the most important point?  There isn’t anywhere else to go?  At least there isn’t anywhere that has the range of options or – most importantly – the liquidity required.
If betfair had genuine competition they would be forced to compete for customers much more.
As things stand their cut-off for ‘important’ customers may be – say – a turnover of £50,000pa?  If Betdaq started eating into their share of smaller players then Betfair would be forced to offer them a better deal as their market share began to reduce.
After numerous other exchange start ups, I still have not seen anything to compete with Betfair.  I sincerely hope that changes in the coming years…
(Edited by Alderbrook at 12:53 pm on Mar. 30, 2007)
Quote: from Alderbrook on 12:52 pm on Mar. 30, 2007[br]
<br>Isn’t this the most important point? There isn’t anywhere else to go? At least there isn’t anywhere that has the range of options or – most importantly – the liquidity required.
<br>There are other places to go, and the liquidity that is required is to the size of your stake
<br>I’ve not monitored it regularly, but there was aroun12-14K traded on the couple of races i looked at at one exchange, now unless you are a "high" roller i would say that that is enough money being traded for the majority to get a bet matched
Just before the off you may well be right Empty.
I presume you are talking about Betdaq rather than Ian’s site or any of the others.
As things stand Betfair is THE brand and has – at a guess – 80+% market share?
It was WBX Alderbrook
You only create liquidity if you put money into the system, imo it is no use waiting for the other guy to make the first move
Put in your back, your lay request, Joe Bloggs will more than likely be waiting for you to make the first move
(Edited by empty wallet at 1:17 pm on Mar. 30, 2007)
Ta. I hadn’t looked at WBX for ages.
Don’t disagree with you Empty, but that does require people (yes, such as myself) to make the first move. Perhaps we need to start a group of punters that will move en masse for an agreed rate of our own!
Alderbrook
<br>Most people have no idea of what price a horse should be, so they wait for the price to become what they think it should be, hence they are sat waiting for the layers ( presuming most people are backers) to push the price to what they think it should be
People need to take the initiative and request the price they think it should be,
if they don’t get their require price matched, either their price is too high or they are asking for too much money to be matched at that price
Just like when Korals :biggrin: refuse to lay one
Negotiate, barter, but most of all know what price a horse is to be a good back and to be a good lay
If it’s too high back if it’s to low, either lay or move on to your next selection
(Edited by empty wallet at 1:40 pm on Mar. 30, 2007)
Quote: from empty wallet on 1:33 pm on Mar. 30, 2007[br]Alderbrook
<br>Most people have no idea of what price a horse should be, so they wait for the price to become what they think it should be, hence they are sat waiting for the layers ( presuming most people are backers) to push the price to what they think it should be
<br>
Above don’t sound right, but i hope you understand what i mean
The vast majority of people that use betfair are market takers rather than market makers.
Quote: from davidjohnson on 1:57 pm on Mar. 30, 2007[br]The vast majority of people that use betfair are market takers rather than market makers.
<br>Spot on DJ, and exactly what i’m trying to say
<br>WE should all be the latter, because this is what creates the liquidity
I never cease to be surprised that punters take early prices on BF when they can get better odds with onlline bookies ( I’m not talking about big amounts here ).
Empty – re WBX, there was a thread on here a few weeks ago which stated that a lot of ID was needed in order to join them and also that they did not pay money back to the member’s card – only paid out money by banker’s draft.<br>This must discourage punters from joining.
Quote: from SwallowCottage on 2:11 pm on Mar. 30, 2007[br]
Empty – re WBX, there was a thread on here a few weeks ago which stated that a lot of ID was needed in order to join them and also that they did not pay money back to the member’s card – only paid out money by banker’s draft.<br>This must discourage punters from joining.<br>
<br>The ID issue, although a pain, should not deter people, except those with something to hide, but i can see, not being able to transfer back to your card as one, however, if you can’t wait for a bank transfer, should you really be be betting?
<br>TDK
Can’t disagree with your post
(Edited by empty wallet at 2:30 pm on Mar. 30, 2007)
Empty – I agree that a punter should not be betting if they need to wait for a bank transfer but if BF pay out winnings to your card and WBX only pay by bank draft then most punters will stick with BF imo ( I would need to make a 3 mile trip to put the b/draft in my bank account ). ÂÂÂ
Quote: from SwallowCottage on 2:32 pm on Mar. 30, 2007[br]Empty – I agree that a punter should not be betting if they need to wait for a bank transfer but if BF pay out winnings to your card and WBX only pay by bank draft then most punters will stick with BF imo ( I would need to make a 3 mile trip to put the b/draft in my bank account ).
I can see your point SC and WBX do need to address this, but it’s just a mild pain in ar$e ain’t it?
Empty – I managed to find the thread for you to look at.
https://theracingforum.co.uk/cgi-bin … opic=10552
I’m all for competition to BF but WBX needs to get its act together if it’s going to compete imo.
^ I think I was responsible for that thread :blush:
I gave WBX 4 weeks trial to see if it could get its act together, but the customer service is poor, its liquidity is not really a problem for me, but could be for others, and a price you think is value has gone from 12/1 to 8/1 in 10 seconds. Add to that that the book is 105% and you can’t withdraw money back to your card and it isn’t worth the fuss.
And it took weeks to set up because of their verification processes (maybe because I am only 20 that didn’t help).
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