betfair comision 7% it must be a joke

**HeeeHAWWWW** · 07-31-13, 02:18 PM

They've been raising it for years, premium charge, super PC, now this - they lost some customers, but clearly not enough. Perhaps betdaq under new ownership might be the competition that's needed.

**RealSlimShady** · 07-31-13, 02:33 PM

7%? That's crazy...

**Gallin** · 07-31-13, 02:36 PM

It's only for certain regions.

**YPS** · 07-31-13, 02:48 PM

I guess nearly everyone hates this company nowadays.

Which country raise to 7% ?

**badivona** · 07-31-13, 03:39 PM

croatia,this is welcome for be in europian union

**YPS** · 07-31-13, 04:28 PM

They try out how far they can go with their fees.

Two weeks ago they raised their commission for Austria and Switzerland dramatically

**dealer wins** · 07-31-13, 05:10 PM

If they went 7% in the UK, they will be finished within 6 months. Even 6% would cause them to decline, and if Betdaq got their act together they could crush Betfair.

**allin1** · 07-31-13, 06:15 PM

Originally posted by dealer wins

If they went 7% in the UK, they will be finished within 6 months. Even 6% would cause them to decline, and if Betdaq got their act together they could crush Betfair.

I agree. I don't know why betdaq haven't already started to have as much volume as betfair on horse racing for example. They have better conditions than betfair and the liquidity on horse racing is really good. I don't understand it but I really hope they progress in their business. Betfair is so dubious that I would really want to avoid them completely if possible.

**Digo** · 07-31-13, 07:48 PM

Bye bye Betfair...

**byronbb** · 07-31-13, 08:40 PM

Why are they doing this? This has to be a function of being a publicly traded company. The point of an exchange is to offer better odds than pinnacle/sbo. At 7% they price themselves out of the sharp market. I guess if they want to chase away the sharps and then deal their own cash to the rest of the lost, ie squareville losers, that makes sense.

**Junebug37** · 07-31-13, 09:54 PM

I just received this news too... . quite sad..

**RedDevil1974** · 07-31-13, 10:08 PM

sportsbook over exchange

They dont care, they now want their sportsbook to be the most used of their betting products.

Ask any of the winners on betfair exchange how they are going when they try to place a bet on the sportsbook there.. betfair had a built in list of winners/shrewdies etc before it even opened.

Garbage company, only real shame is how crappy betdaq and match book are. and they are. matchbook esp needs to step it up..

How can they offer so little in play?

**byronbb** · 07-31-13, 10:56 PM

The UK market is actually pretty atrocious odds wise. WillHill/Ladbrokes deal 8% soccer 1x2, that is a joke vs Asian and Pinny, so why offer anything like 1 or 2% when they will pay 8%?

**allin1** · 08-01-13, 06:56 AM

Originally posted by byronbb

The UK market is actually pretty atrocious odds wise. WillHill/Ladbrokes deal 8% soccer 1x2, that is a joke vs Asian and Pinny, so why offer anything like 1 or 2% when they will pay 8%?

Don't willhill and ladbrokes have betting shops all around England? Maybe that's why they get so much action, those shops are probably packed with soccer fans all the time and they bet more parlays than straight bets.

Square books make more money in profits at the end of the year than pinny and betting exchanges. Betfair has always hinted with their policies that they are greedy and don't like you withdrawing profits. I am not surprised by any other tactics that they would apply in order to trim the profits of sharp players, but we need to be reasonable here, this 7% commission rate is just for Croatia.

**hi_octane** · 08-01-13, 07:55 AM

That's not only to Croatia. Each month Betfair increases commission from country to country. Quick googling: now we have 6.5% in Poland, Norway 5.5%, Bulgaria 7.5%, Belarus 6%, Norway and Finland 6%, Denmark 5.5%, Austria 6.5%, Hungary 6%, etc. That's simple trick to fool players and avoid any "bad noise" on the web.

**juanluis** · 08-01-13, 09:13 AM

for albania too 7%

**allin1** · 08-01-13, 09:14 AM

Originally posted by hi_octane

That's not only to Croatia. Each month Betfair increases commission from country to country. Quick googling: now we have 6.5% in Poland, Norway 5.5%, Bulgaria 7.5%, Belarus 6%, Norway and Finland 6%, Denmark 5.5%, Austria 6.5%, Hungary 6%, etc. That's simple trick to fool players and avoid any "bad noise" on the web.

damn. that is shocking

what really worries me is that it's business as usual for them, they will keep their status of number 1 choice exchange

betdaq need to step up their game and make something happen. more liquidity, more markets and a lot of marketing to attract people from all around the world not just uk.

**badivona** · 08-01-13, 09:36 AM

1000 new member will increse liqud.3/ vs 7/ is not same.is my 100eur worth less then 100eur from other country.this is discrimination

**jjgold** · 08-01-13, 11:42 AM

Betdaq has been patient but don't forget Ladbrokes own them now. I do not know if that is good.

Betfair sportsbook typical UK sportsbook high juice and they will make a killing.

Greed will be their demise

**Sawyer** · 08-01-13, 03:04 PM

Originally posted by allin1

Square books make more money in profits at the end of the year than pinny and betting exchanges.

Not more then Pinnacle. Many players can beat square books, hammer weak lines, this is why european books limit you so fast; they're bleeding. On the other side, Pinnacle odds&lines are so sharp, very few people can beat Pinnacle over long haul.

**allin1** · 08-01-13, 03:47 PM

Originally posted by Sawyer

Not more then Pinnacle. Many players can beat square books, hammer weak lines, this is why european books limit you so fast; they're bleeding. On the other side, Pinnacle odds&lines are so sharp, very few people can beat Pinnacle over long haul.

it doesn't matter if many players can beat square book, they will soon get limited or kicked out, these books know how to protect themselves and limit their losses to sharps.

pinnacle model is similar to an exchange. their juice is so small that their commission is small. square books make profits because people are loosers in the long run. daringly (justin7 on sbr) said that pinnacle's yearly profits are much more smaller than that of big recreational books from europe, and I don't think he would talk out of his arse regarding such things.

**virtozo** · 08-01-13, 04:03 PM

greedy feckers!

**soldymir** · 08-02-13, 02:17 AM

hi.im new but I am customer of Betfair 4 the year.In me welcomed suprise of 7% when I entered the site.for now I told them in the past four years certainly 5500-6000eur Comission but this exceeds all measures greedy.i will thank them and im leaving.for now there are other exchanges that are becoming better and better and comision is not so high

**TennisProFrance** · 08-02-13, 06:05 AM

They have been abusing a monopoly position for years we have been saying they it will come back to bite them - to date it hasn't happened. For your average punter who plays from pre-game to end I believe there are better options, for the serious pro there isn't another choice for main stream sports (horses aside), we try to stay one step ahead of them.