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<br> For the two main races of the day , the Hennessy Gold Cup and the Fighting Fifth Hurdle the Exchange figures for Betfair and WBX were as follows :
<br> HENNESSY :
BETFAIR : Total matched : £ 1,931,813 <br> <br> Matched on winner : £ Not known
[ £ 8231 was matched at 16 and £ 165 at <br> 16 . 5 ]
WBX : Total matched : £ 899
Matched on winner : £ 4 @ 16 <br>
FIGHTING FIFTH :
BETFAIR :
Total matched : £ 2,060,701
Matched on winner : £ 1,491,919
WBX : Total matched : £ 1411
Matched on winner : £ 926
one interesting feature of the website is a series of "premium content" pieces by (among others) fremantle, nevison and apracing….
…but since my lack of association with wbx runs to not having any of the commission points necessary to read them, i can’t speak for what they say.
best regards
wit ÂÂÂ
I am very surprised at the lack of liquidity on the launch day. Given the amount of adverting we have seen over the last few months I expected to see lots of volume in the key racing markets. Seeding markets is not feasible on a long term basis but would have been a much better use of the marketing money for day one.
Without liquidity WBX will remain another also ran and the shareholders in Betfair can relax and take the easy profits.<br>
Wallace
You’re so right. Why on earth didn’t they pump some of their considerable advertising cash into the markets themselves, at least for a few days/weeks.
How many visitors give such a site a second/third go when they see it so deserted?
They also mentioned that they had some major players who had ‘promised’ to provide liquidity into the system. Maybe yesterday was their day off.
I would love to see some meaningful competition to Betfair. I don’t think this is it.
Mike
I think someone wanting to take on BF needs to offer something different/extra. Perhaps a bit of specialisation with perhaps live content (e.g. footie or American Football, cricket,rugby, etc) with prices alongside.<br>I dunno – it is all very much a ‘me too’ site with no additional reasons to use it over BF but the obvious reason (liquidity) not to. What’s its USP!! Does anyone know – do THEY know?
Wit you do not need points to read the articles. I have registered but not deposited any funds and I have access to the articles
I’m very surprised that the horse racing initial commission is set at 5%.
Most users on betfair have accrued some sort of discount.<br>So, there’s a double disincentive – you’ll be betting at a bigger commission than you currently pay, and if you bet there instead of betfair, you are also threatening the betfair discount you’ve built up.
That doesn’t seem attractive.
hi bc
i’ve just tried again to access the articles.  the message i get is:
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>><br>To view Premium Content you must log in and have earned a sufficient number of commission points
If you are not a WBX Member, register now! New Members have full access to Premium Content for an introductory period of 30 days<br><<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
i’ve not registered. i guess you’re within the 30 day period.
best regards
wit
For the dear life of me, I too cannot see why they wouldn’t undercut the 5% regime of BF. Their potential selling point could have been a lower commission structure.<br>Why would anyone in their right mind want to leave BF’s exchange, liquidity and all, to join another exchange with no liquidity and the same commission structure?<br>IMO, madness. They have sacrificed a potential selling point. Why did they do that? Why is 5% the figure by which all exchanges need to be judged? Is there a problem with 4%, that I just cannot see?<br>I know of a certain other exchange that uses a figure of 3%. So why not WBX? Is it as simple as short term £££ signs in their eyes? If that is the case, I would suggest that they won’t even achieve pennies.
If WBX want to take a cut of BF, they need to offer an incentive for their potential customers. They are not offering anything at the moment. I never will understand big business, and it’s apparent refusal to give the customer what the customer wants :(
I think someone wanting to take on BF needs to offer something different/extra.
Very true.
I just looked at the "result" market for the Man U game:
Betfair £3.3m (and counting, because it’s in-running)
WBX £2,141 (and no in-running)
So, WBX has less than 0.1% of the volume at Betfair.
As Gordon Ramsay would say, "****<br> me!"
A betting exchange is what I would refer to as a "catch-22" business.
If you don’t have volume, people won’t join. If people won’t join, you won’t have any volume.
Now, from what we’ve seen so far, WBX’s post-launch planning is about on par with Blair’s post-invasion strategy.
If they’ve not go anything up their sleeves that’s going to fix the volume problem (christ, even a month of commission free betting would have shown some initiative), I reckon they’ll be gone before too long.
Steve
PS Whoever is doing their marketing deserves to be slapped. They’re making a huge marketing mistake on their site (which could be fixed easily).
I’m not going to say what it is (WBX can PM me – lol), but it’s so dumb, it’s beyond belief. ÂÂÂ
Andrew Black must be p**s<br>ing himself laughing.
(Edited by stevedvg at 4:32 pm on Nov. 26, 2006)
I see that the WBX site has signed up a barrel-load of talent to advise and inform on racing.
Eddie Fremantle<br>Dave Nevison
and two of our esteemed members
Richard Hoiles and Alan Potts.
Well, Richard and Alan are we going to get some trickle-down on here or will we have to build up enough commish before we can have your esteemed views?;)
Colin
They should concentrate on nothing else except ways to build up a membership.<br>At 9.00 am Sunday the total sum matched at all the Kempton meeting was £4.00
Wow!! another betting exchange without the add ons (Casino/Sportsbook/Poker/Bingo), i`m not at liberty to say much on the subject,however, this looks very naive,they argue the opposite in the about us section, so im assuming they have a master plan or a unique selling point? theirs plenty had a go but not many thats been successful , the likes of Betsson got through it because of the Pokerroom and Casino being in place at the right time,Betbull was a JV with BWIN thus they had experience and ammunition,however,they soon realised it wasnt working thus they jumped onto the retail bandwagon!!
I`m a great believer in that anything is possible,however, i wouldn`t be snapping up shares if they where available in this start up, i hope for them that im wrong,i would certainly advise them to make contracts with Robot providers if they will entertain a start up,also,they should look at the markets provided,they dont even have the pairings for the first grand slam of the year that starts today (Aussie open)!!
Anyway……………….i would argue that they are indeed very naive!!
Tony<br>On WBX there is just the one market on the mens Aus tennis event and that is the outright winner.
Yesterday morning on betfair there was over £4 million traded on the second round match with M Safin V D. Sela. The match was availble on a slightly delayed video feed on betfair which no doubt fuelled trading.<br>Incidentally this was a brilliant match to watch going 5 sets with Safin trading at odds up to 2.40 (7/5).:biggrin: <br>(On offer in the shops before the game commenced at prices between 1/16 and 1/25!)
WBX have matched so far just £498 on the outright market<br>
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