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  1. Replies
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    They won't accept Aussies.

    They won't accept Aussies.
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    Very true. Matchbook isn't for traders.

    Very true.
    Matchbook isn't for traders.
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    for once I agree with you! But no horse...

    for once I agree with you!

    But no horse racing, so Betfair still gets the nod overall.
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    Me either. I don't know the math details but I...

    Me either. I don't know the math details but I think the nub of it is that he believes it permits him to make larger wagers without increasing his risk.
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    I hope not. I have a strategy in place which I...

    I hope not. I have a strategy in place which I believe will continue to shield me from the PC.

    However, as mentioned in another thread recently, I know of one punter who is happy to be subjected...
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    Mostly but not entirely.

    Mostly but not entirely.
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    I see no way it can increase profits. Turnover...

    I see no way it can increase profits. Turnover must fall as players desert them if they can't see a way to make money any more using Betfair.
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    The end of the world cometh the day I can get...

    The end of the world cometh the day I can get more accepted at Ladbrokes than at Betfair.
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    That's horrendous and seems on the surface to be...

    That's horrendous and seems on the surface to be totally unfair.

    But is there some justification for Betfair's position in other countries?

    For example, in Australia, Betfair did increase the...
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    No. Never really looked closely into them. Not...

    No. Never really looked closely into them. Not sure they can really offer me anything more than I can get at Betfair and Matchbook. And they only offer EUR and GBP I think?

    How do they compare...
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    None in the traditional handicapping sense. Only...

    None in the traditional handicapping sense.
    Only into profitable angles to use race ratings and finding good people and services to follow.
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    I win but not overly much relative to turnover...

    I win but not overly much relative to turnover and commission due to the strategy I outlined.
    To maintain 49,000 pts balance for 40% discount requires generating an avg. 7,350 pts per week. Just one...
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    As the PC is assessed on having relatively low...

    As the PC is assessed on having relatively low commission paid as compared to profits generated, the idea is to employ a strategy which creates plenty of turnover, generating commission payments but...
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    I tend to bet more AH than 1x2 in soccer. Not...

    I tend to bet more AH than 1x2 in soccer.

    Not a hedger, I leave that to the landscapers ;)

    Most of my Betfair volume is on racing. I find and follow good judges. Also make a lot of bets 7...
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    certainly not an arber or trader so I s'pose...

    certainly not an arber or trader

    so I s'pose that qualifies me as a handicapper?
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    Well, I really don't need to do the arithmetic to...

    Well, I really don't need to do the arithmetic to know the facts. I can simply look at my betting database to get it right.

    I don't need to maintain (and never have had anything close to 150,000...
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    http://en.wikipedia.org/wiki/Alternative_names_for...

    http://en.wikipedia.org/wiki/Alternative_names_for_the_British
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    Well you seem to be well on top of the figures so...

    Well you seem to be well on top of the figures so please tell me what commission you believe I need to be paying each week to maintain my discount at 40% to have me paying 3% commission.
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    I really do like Matchbook. More often than not...

    I really do like Matchbook.
    More often than not I can find odds (net of effectively 2% commission) for US sports which are superior to those offered by Pinnacle.
    Depends on your staking levels at...
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    I most certainly wasn't intending to be...

    I most certainly wasn't intending to be "disingenuous". That's why I deliberately disclosed that I was basing the comparison on 3% which is what my current rate has been hovering around for quite...
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    They need more than just volume increases. A...

    They need more than just volume increases.

    A heap more markets and faster/more reliable software would be reasonable start.

    But I guess if they attend to that the volume increases will come.
    ...
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    Things like this always remind me of "lies,...

    Things like this always remind me of "lies, damned lies and statistics"
    In the Betfair comparison I reckon they would be using a standard 5% commission? Not everyone, including myself, pays that....
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    Sure there isn't $50k in liquidity but how many...

    Sure there isn't $50k in liquidity but how many of us bet in those sort of numbers. There was actually a lot more than $1k available earlier. It does fluctuate. Also there is a Superbowl winner...
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    Just took another look at the Superbowl MLs: ...

    Just took another look at the Superbowl MLs:

    Pinnacle: Seattle 2.09, Denver 1.8475
    Betfair (at 3% comm.) 2.1058 and 1.8509 respectively
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    Looking at the current available liquidity and...

    Looking at the current available liquidity and odds you'd have to say SFA!
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    That's true in two sided contests but there are...

    That's true in two sided contests but there are numerous other contests apart from horse and dog racing where you can lay on Betfair and Matchbook:
    competition winner markets on golf, tennis, motor...
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    Correct of course. Thanks Muffins.

    Correct of course. Thanks Muffins.
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    I have been assured by Betfair that Australia and...

    I have been assured by Betfair that Australia and NZ will NOT be moving to a 6.5% BMR.
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    What I said was that betting live on line is...

    What I said was that betting live on line is illegal in Australia. That is a fact.
    Yes, I know it CAN be done but that doesn't make it legal. I'm not interested enough in doing it to take the risk...
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    To trade in play you need to be getting fast tv...

    To trade in play you need to be getting fast tv transmission. I don't have that.
    Soccer? Presumably you are talking Euro, not Aussie? Most of that happens when we are sleeping!
    And can you get...
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    So much for the arguments that Pinnacle always...

    So much for the arguments that Pinnacle always beats Betfair on US sports.

    Right now I can get better ML odds (net of my commission) for both teams in the Superbowl at Betfair.
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    Is that right? Do you play them? I do. I find...

    Is that right?
    Do you play them?
    I do.
    I find that by pitching for a couple of cents more than Pinnacle and SBO I almost always get matched for takeouts of up to $2k pre game.
    Sure there's not...
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    Nonsense! I don't live trade but would be lost...

    Nonsense!

    I don't live trade but would be lost without Betfair, particularly for horse racing.

    Cheap AH soccer gets a good deal of action from me too as does golf and F1 which none of my other...
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    Betfair paid the player's agent. It's the agent...

    Betfair paid the player's agent.
    It's the agent who defaulted, not Betfair.
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    What do you mean? Of course if they are both...

    What do you mean? Of course if they are both quoting the same line and odds Pinnacle comes out on top but that's not always the way it is.
    Any serious punter who can would use both Pinnacle and...
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    Where did you get that from? Last I heard...

    Where did you get that from?
    Last I heard Australia would remain at 5%
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    All very well to compare with bookie prices but...

    All very well to compare with bookie prices but none of the bastards will let me bet with them on UK racing and the same with most on Aus racing. Betfair is essential to me. There are no real...
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    I don't do live trading. It's not legal online in...

    I don't do live trading. It's not legal online in Australia.

    But there is no way I'd leave Betfair and I'd strongly encourage anyone who bets on racing to open an account there. They are by far...
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    Yes, traders certainly have fewer options. I...

    Yes, traders certainly have fewer options.
    I tend to overlook them as in Australia we can't trade online in play so I don't get involved in that.
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    I think it will actually do the opposite. ...

    I think it will actually do the opposite.

    Punters will be moving in droves to Matchbook, Pinnacle and SBO.
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    "To ensure you continue to get a premium...

    "To ensure you continue to get a premium experience"

    eh? pardon? how does that work?

    I'd simply like to hear some justification for this hike in commission.

    So far fortunately it doesn't...
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