Betfair - Increasing rates

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  • allin1
    SBR MVP
    • 11-07-11
    • 4555

    #36
    Originally posted by nicelemons
    Does betfair still owe that player millions?
    I think he took them to court. Could last a decade though
    Comment
    • Hareeba!
      BARRELED IN @ SBR!
      • 07-01-06
      • 37212

      #37
      Originally posted by allin1
      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.
      Comment
      • tradeout
        SBR MVP
        • 01-01-14
        • 2541

        #38
        Originally posted by Hareeba!
        Betfair paid the player's agent.
        It's the agent who defaulted, not Betfair.
        betfair also provided that agent, so they are involved.
        Comment
        • HeeeHAWWWW
          SBR Hall of Famer
          • 06-13-08
          • 5487

          #39
          Originally posted by tradeout
          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.
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #40
            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
            Comment
            • dealer wins
              SBR Wise Guy
              • 02-03-09
              • 816

              #41
              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!!
              Comment
              • allin1
                SBR MVP
                • 11-07-11
                • 4555

                #42
                Originally posted by Hareeba!
                Betfair paid the player's agent.
                It's the agent who defaulted, not Betfair.
                he still took betfair to court if I remember correctly
                Comment
                • Hareeba!
                  BARRELED IN @ SBR!
                  • 07-01-06
                  • 37212

                  #43
                  Originally posted by 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
                  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.
                  Comment
                  • TFC
                    SBR High Roller
                    • 04-21-10
                    • 161

                    #44
                    Originally posted by HeeeHAWWWW
                    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?
                    Comment
                    • kkkkk
                      SBR Wise Guy
                      • 03-30-09
                      • 523

                      #45
                      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.
                      Comment
                      • xpress
                        SBR Wise Guy
                        • 01-01-14
                        • 921

                        #46
                        Originally posted by 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.
                        Stay calm and keep paying!
                        Comment
                        • jjgold
                          SBR Aristocracy
                          • 07-20-05
                          • 388179

                          #47
                          Originally posted by Hareeba!
                          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.
                          Comment
                          • Hareeba!
                            BARRELED IN @ SBR!
                            • 07-01-06
                            • 37212

                            #48
                            Originally posted by jjgold
                            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?
                            Comment
                            • Foxx
                              SBR Hall of Famer
                              • 05-25-11
                              • 5831

                              #49
                              Originally posted by Hareeba!
                              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.
                              Comment
                              • potless
                                SBR High Roller
                                • 12-02-08
                                • 145

                                #50
                                Originally posted by Hareeba!
                                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.
                                Comment
                                • Hareeba!
                                  BARRELED IN @ SBR!
                                  • 07-01-06
                                  • 37212

                                  #51
                                  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.
                                  Comment
                                  • gaebiskon
                                    SBR Wise Guy
                                    • 03-10-12
                                    • 869

                                    #52
                                    Isn't Matchbook catching up?
                                    I hope Matchbook soon offers live betting for every sport. Can't wait to switch completely to it.
                                    Comment
                                    • tommygun
                                      SBR MVP
                                      • 07-01-10
                                      • 2239

                                      #53
                                      Originally posted by Hareeba!
                                      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.....
                                      BETTING EXCHANGES, easy money.

                                      Soccer Tipping: 5-0-1
                                      Comment
                                      • Hareeba!
                                        BARRELED IN @ SBR!
                                        • 07-01-06
                                        • 37212

                                        #54
                                        Originally posted by tommygun
                                        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.
                                        Comment
                                        • allin1
                                          SBR MVP
                                          • 11-07-11
                                          • 4555

                                          #55
                                          Originally posted by gaebiskon
                                          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.
                                          Comment
                                          • jjgold
                                            SBR Aristocracy
                                            • 07-20-05
                                            • 388179

                                            #56
                                            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
                                            Comment
                                            • kkkkk
                                              SBR Wise Guy
                                              • 03-30-09
                                              • 523

                                              #57
                                              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.
                                              Comment
                                              • kkkkk
                                                SBR Wise Guy
                                                • 03-30-09
                                                • 523

                                                #58
                                                Originally posted by xpress
                                                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.
                                                Comment
                                                • tommygun
                                                  SBR MVP
                                                  • 07-01-10
                                                  • 2239

                                                  #59
                                                  Originally posted by Hareeba!
                                                  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.
                                                  BETTING EXCHANGES, easy money.

                                                  Soccer Tipping: 5-0-1
                                                  Comment
                                                  • tommygun
                                                    SBR MVP
                                                    • 07-01-10
                                                    • 2239

                                                    #60
                                                    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.
                                                    BETTING EXCHANGES, easy money.

                                                    Soccer Tipping: 5-0-1
                                                    Comment
                                                    • tommygun
                                                      SBR MVP
                                                      • 07-01-10
                                                      • 2239

                                                      #61
                                                      Originally posted by Hareeba!
                                                      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....
                                                      BETTING EXCHANGES, easy money.

                                                      Soccer Tipping: 5-0-1
                                                      Comment
                                                      • Hareeba!
                                                        BARRELED IN @ SBR!
                                                        • 07-01-06
                                                        • 37212

                                                        #62
                                                        Originally posted by tommygun

                                                        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.
                                                        Comment
                                                        • jjgold
                                                          SBR Aristocracy
                                                          • 07-20-05
                                                          • 388179

                                                          #63
                                                          Pinnacle day to day blows away Betfair if you add up every line and 365 days a year

                                                          Comment
                                                          • Hareeba!
                                                            BARRELED IN @ SBR!
                                                            • 07-01-06
                                                            • 37212

                                                            #64
                                                            Originally posted by jjgold
                                                            Pinnacle day to day blows away Betfair if you add up every line and 365 days a year

                                                            [ATTACH]64956[/ATTACH]
                                                            I have been assured by Betfair that Australia and NZ will NOT be moving to a 6.5% BMR.
                                                            Comment
                                                            • muffins
                                                              SBR High Roller
                                                              • 03-03-12
                                                              • 145

                                                              #65
                                                              Originally posted by Hareeba!
                                                              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.
                                                              Comment
                                                              • Hareeba!
                                                                BARRELED IN @ SBR!
                                                                • 07-01-06
                                                                • 37212

                                                                #66
                                                                Originally posted by muffins
                                                                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.
                                                                Comment
                                                                • Daverrd
                                                                  SBR Rookie
                                                                  • 01-27-11
                                                                  • 25

                                                                  #67
                                                                  Originally posted by jjgold
                                                                  Pinnacle day to day blows away Betfair if you add up every line and 365 days a year

                                                                  [ATTACH]64956[/ATTACH]
                                                                  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.
                                                                  Comment
                                                                  • xpress
                                                                    SBR Wise Guy
                                                                    • 01-01-14
                                                                    • 921

                                                                    #68
                                                                    Originally posted by Daverrd
                                                                    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
                                                                    Comment
                                                                    • Hareeba!
                                                                      BARRELED IN @ SBR!
                                                                      • 07-01-06
                                                                      • 37212

                                                                      #69
                                                                      Originally posted by xpress
                                                                      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.
                                                                      Comment
                                                                      • Daverrd
                                                                        SBR Rookie
                                                                        • 01-27-11
                                                                        • 25

                                                                        #70
                                                                        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)
                                                                        Comment
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