Betfair - Increasing rates

[allin1]

Does betfair still owe that player millions?

I think he took them to court. Could last a decade though

[Hareeba!]

I think he took them to court. Could last a decade though

Betfair paid the player's agent.
It's the agent who defaulted, not Betfair.

[tradeout]

Betfair paid the player's agent.
It's the agent who defaulted, not Betfair.

betfair also provided that agent, so they are involved.

[HeeeHAWWWW]

Market Base Rate structure will be as follows:

MBR 5%
United Kingdom
Ireland
Italy
Gibraltar
Malta
Denmark

MBR 7%
Albania
Armenia
Croatia
Monaco
Serbia & Montenegro
Slovakia

MBR 6.5%
All other countries

Oh. I'd assumed just greed initially, but looking at that list I'm thinking it's partly to do with transaction costs and fraud risks. Those in the 7% bracket are scam central, the bookies have a lot of trouble from there.

[jjgold]

Just to be clear: if you don't do live trading there is absolutely no reason whatsoever to open a Betfair account now. It's just not competitive.

Exactly..that is what Betfair is for

Betfair in NJ for racing is useless..there will be virtually zero in the pools..its for NJ residents only and on track handle is very low

[dealer wins]

I only use Betfair when I have to, and will use whichever site gives me the best "net" price". I am no longer bothered about doing bets just to make betfair £100s and keep my x% discount. Too much hassle and I begrudge Betfair too much now anyway.

Joining Matchbook has been great, and the 0% of soccer has already saved me at least £1000 in commission!!

[allin1]

Betfair paid the player's agent.
It's the agent who defaulted, not Betfair.

he still took betfair to court if I remember correctly

[Hareeba!]

Just to be clear: if you don't do live trading there is absolutely no reason whatsoever to open a Betfair account now. It's just not competitive.

Exactly..that is what Betfair is for

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 bookies, including Pinnacle serve at all well.

[TFC]

Oh. I'd assumed just greed initially, but looking at that list I'm thinking it's partly to do with transaction costs and fraud risks. Those in the 7% bracket are scam central, the bookies have a lot of trouble from there.

Yes, and the likes of Canada, Sweden, Switzerland, Netherlands and Austria deserve a 30% hike because of all the nefarious "Swedish Prince" scams that originate from their countries?

[kkkkk]

i dont know you all complain about 5%, im paying 20% since 2008 - 5 1/2 years and im still happy to play there becose of liquidity.

[xpress]

i dont know you all complain about 5%, im paying 20% since 2008 - 5 1/2 years and im still happy to play there becose of liquidity.

Stay calm and keep paying!

[jjgold]

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 bookies, including Pinnacle serve at all well.

Hareeba there is very little AH money in nthe ppols for soccer pre game, even in game not as much as totals and 1x2.

[Hareeba!]

Hareeba there is very little AH money in nthe ppols for soccer pre game, even in game not as much as totals and 1x2.

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 the volume of 1x2 and totals betting. I suspect most Poms don't really understand AH and find it too complex?

[Foxx]

Is that right?
Do you play them?

Lol, does he play them? I think you have to be a real person to open an account.

[potless]

Is that right?
I suspect most Poms don't really understand AH and find it too complex?

Nah most Poms can find better value - I think some of the more backward colonies are still reliant on BF though.

[Hareeba!]

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.

[gaebiskon]

Isn't Matchbook catching up?
I hope Matchbook soon offers live betting for every sport. Can't wait to switch completely to it.

[tommygun]

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 and away the best place for betting on racing.

And for sports no other establishment offers as many markets. For some sports I bet on Pinnacle's and SBO's limits are pretty low. Betdaq? Australians can't bet there!

Yes the increase in commission in some countries and the premium charge crap is a concern but fortunately doesn't directly affect me. I just wish Betfair would get back to concentrating on what they set out to be in the beginning - and achieved it remarkably well.

you say you can't trade in Australia, but my main source of income is Soccer trading. It can still be done over the phone mate.
also there are ways around if you get what i mean.....

[Hareeba!]

you say you can't trade in Australia, but my main source of income is Soccer trading. It can still be done over the phone mate.
also there are ways around if you get what i mean.....

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 timely vision?
Sure you can phone Betfair but by the time you get through and ID yourself odds have moved.
Not my scene.
As for ways around it -yeah I know two smartarses who thought that too and both ended up with their Betfair accounts cancelled permanently. I'm not willing to risk that thanks.

[allin1]

Isn't Matchbook catching up?
I hope Matchbook soon offers live betting for every sport. Can't wait to switch completely to it.

matchbook is the future. They already offer better odds than pinny.

I love the fact that they focus only on sports betting. Those stupid games that are advertised on betdaq or betfair websites are ridiculous and annoying.

[jjgold]

Betfair live betting for NBA games is very good with very solid volume, NFL and MLB is good too if the games are on tv in the UK

[kkkkk]

yeah but the reason is not that the games are on tv in uk, becose you cant bet live with such delay to UK, the reason is that those games are transmitted at many places, and one of them is UK.

[kkkkk]

Stay calm and keep paying!

i will becose if i bet live with other EU bookies i face 10-13secs time for accepting bets and in most sports odds changed meanwhile. and with betfair you know you have 5 or 8secs and bets will be matched for sure at that price. so i preffer to pay 2k comissions monthly from something rather then get 100% from nothing.

[tommygun]

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 timely vision?
Sure you can phone Betfair but by the time you get through and ID yourself odds have moved.
Not my scene.
As for ways around it -yeah I know two smartarses who thought that too and both ended up with their Betfair accounts cancelled permanently. I'm not willing to risk that thanks.

1. Yes I have fast tv
2. Soccer yes
3. Australian and European
4. The odds don't move that fast.
I don't know about you Hareeba! but I don't have trouble trading euro games.

This was simply a response to saying it can't be done and is illegal which is completely wrong on your behalf.

[tommygun]

getting my bet on Hareeba talks 15 seconds, down to a fine art, the positions and times I strike in a match this normally has no affect on me so no problems of big line movements.

[tommygun]

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 timely vision?
Sure you can phone Betfair but by the time you get through and ID yourself odds have moved.
Not my scene.
As for ways around it -yeah I know two smartarses who thought that too and both ended up with their Betfair accounts cancelled permanently. I'm not willing to risk that thanks.

I also have mates that have ways around it and have been doing so for 5 years....

[Hareeba!]

This was simply a response to saying it can't be done and is illegal which is completely wrong on your behalf.

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 of having my Betfair account closed like those of a couple of people I know who thought they were smart enough to fool them.

[jjgold]

Pinnacle day to day blows away Betfair if you add up every line and 365 days a year

[Hareeba!]

Pinnacle day to day blows away Betfair if you add up every line and 365 days a year

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I have been assured by Betfair that Australia and NZ will NOT be moving to a 6.5% BMR.

[muffins]

What I said was that betting live on line is illegal in Australia. That is a fact.

Not quite right, offering live betting to Australian's online is illegal. It is not illegal for you to bet live online as an Australian, the crime is committed by the operator not the player. See Interactive Gambling act 2001 Part 2 s.15.

[Hareeba!]

Not quite right, offering live betting to Australian's online is illegal. It is not illegal for you to bet live online as an Australian, the crime is committed by the operator not the player. See Interactive Gambling act 2001 Part 2 s.15.

Correct of course. Thanks Muffins.

[Daverrd]

Pinnacle day to day blows away Betfair if you add up every line and 365 days a year

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True but you can't lay bets at Pinny.


Having said that though, 30% increase in commission hasn't hit here yet fortunately (Australia) but I wouldn't be too shocked if they bring it in eventually.


Betdaq being blocked for Australia is a bit annoying, will look at WBX and Matchbook though have heard good things from friends.

[xpress]

True but you can't lay bets at Pinny.

why do you need to lay? laying is essencially backing the opposite.

unless you are talking about markets not available at pinnacle, like horses

[Hareeba!]

why do you need to lay? laying is essencially backing the opposite.

unless you are talking about markets not available at pinnacle, like horses

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 racing, football, basketball, baseball, ice hockey etc etc etc.
then of course there is soccer (and some other sports) which is a 3-way market.

The other thing you can't do at Pinnacle is ask for a price and get it matched some time later.

[Daverrd]

Yes there are plenty of sports with more than one outcome. Even in 2 team events like football ( soccer) you can lay a draw or lay either team (3 outcomes: 1X2)