do NOT use betfair

**chilidog** · 01-13-12, 09:57 AM

LOL. So, you're saying that we should not use the biggest betting exchange in the world?

**brettels** · 01-13-12, 09:59 AM

Hareeba will have a ball with this thread

**Mexes** · 01-13-12, 10:02 AM

Originally posted by chilidog

LOL. So, you're saying that we should not use the biggest betting exchange in the world?

I'm just warning you!

**Hareeba!** · 01-13-12, 03:02 PM

Originally posted by Mexes

here's a little warning for you guys. Once again the BetFair site went offline. I was halfway through a trading process when I could not use the site any more. I don't know which wagers they accepted and which not. These blackouts can cost you some money.. and it's not that this happens the first time with betfair
so.. stay away If you do not wanna get angry

Just plain stupid!
Name one site in the world, bookmaker, bank, retailer or other which from time to time doesn't have a connection problem.
Arbing and trading do have risks associated with them and need to be factored into your strategy.
Betfair is the premier betting site on this planet and I will continue to use them.

**sharlataans** · 01-13-12, 03:58 PM

Originally posted by brettels

Hareeba will have a ball with this thread

Spot on. Hareeba has to earn his bread.

**Hareeba!** · 01-13-12, 04:06 PM

Originally posted by sharlataans

Spot on. Hareeba has to earn his bread.

so that's as much as you are capable of contributing to the discussion?

**Mexes** · 01-13-12, 04:11 PM

thanks to the breakdown I made more money than expected
but that doesn't matter

it's a bad thing when this happens twice or three times during a week...
however I just wanted to warn you

I think I'll write again if they charge me the with those high roller fees that they have installed..

**shari91** · 01-13-12, 04:51 PM

Originally posted by Mexes

thanks to the breakdown I made more money than expected
but that doesn't matter

it's a bad thing when this happens twice or three times during a week...
however I just wanted to warn you

I think I'll write again if they charge me the with those high roller fees that they have installed..

Yes Mexes -

And when you hit this, please let us know

Each week Betfair will calculate your ‘gross profits’* made, and your ‘total charges’** generated over the lifetime of your account. The details of these calculations are explained below.

You’ll only be considered for the Premium Charge if your account is in profit and only if the total charges generated since joining Betfair are less than 20%† of your gross profits.

The vast majority of customers, and even the majority of those whose betting on Betfair is profitable since they joined, do not meet both these conditions and will not incur the Premium Charge.

...Customers will only be considered for the Premium Charge after they have bet in more than 250 markets.

And to make it simpler:

You will only be considered for the Premium Charge if, over the lifetime of your account, you satisfy the following criteria:

Your account is in profit;

Your total charges generated are less than 20%† of gross profits; and

You bet in more than 250 markets.

Two further conditions reduce the likelihood that you will be required to pay the Premium Charge:

Any single win that constitutes more than 50% of your gross profits over the lifetime of your account will be excluded from the calculation; and

Each customer will have a lifetime allowance of £1,000 against the Premium Charge.

Each week the customers who meet all the conditions set out above will be charged the lesser of:
The difference between 20%† of the previous week’s gross profits and the total charges generated during the week; and
The difference between 20%† of gross profits and the total charges generated during the lifetime of the account.

**andywend** · 01-13-12, 04:58 PM

While the premium charge is only levied against a small group of people, it would NEVER be tolerated if BetFair had strong competition in their marketplace.

The premium charge is just a mechanism to penalize consistent success and is progressive in nature.

**QQPALLADIUM** · 01-13-12, 10:45 PM

Originally posted by Hareeba!

Just plain stupid!
Name one site in the world, bookmaker, bank, retailer or other which from time to time doesn't have a connection problem.
Arbing and trading do have risks associated with them and need to be factored into your strategy.
Betfair is the premier betting site on this planet and I will continue to use them.

i thought matchbook was the premier site...no premium charge there...so we all know what that means...

**goty0405** · 01-13-12, 11:07 PM

When using any service/website it's important to keep informed on their system availability, particular so when it's directly related to money. Most sites (well the good ones) will warn when they have planned system outages. Anything unplanned is just unlucky and all sites suffer these from time to time.

I got an email from Betfair well in advance of their recent downtime that said they were doing upgrades. So I was prepared and used other books that day even though Betfair was up when I was looking at prices. I wasnt prepared to risk it suddenly going down.

When betting/trading, having the right information is critical. This includes planned system outages.

**Hareeba!** · 01-14-12, 04:20 AM

Originally posted by QQPALLADIUM

i thought matchbook was the premier site...no premium charge there...so we all know what that means...

**QQPALLADIUM** · 01-14-12, 08:19 AM

Originally posted by Hareeba!

guess you changed jobs and are now a bf shill...hope it pays more...

**Hareeba!** · 01-14-12, 02:55 PM

Originally posted by QQPALLADIUM

guess you changed jobs and are now a bf shill...hope it pays more...

still

**QQPALLADIUM** · 01-14-12, 04:37 PM

yeah i am...

mb no extra charge if you win a lot....bf extra charge if you win a lot...and "they" say mb has better odds and liquidity...

**AimingHigh** · 01-14-12, 04:43 PM

If this happens, does anyone know if you could call them and sort out your bet over the phone (assuming their phone lines aren't flooded with calls)?

**Hareeba!** · 01-14-12, 09:38 PM

Originally posted by QQPALLADIUM

yeah i am...

mb no extra charge if you win a lot....bf extra charge if you win a lot...and "they" say mb has better odds and liquidity...

as I said

and obviously of the view that the whole betting world revolves around US sports

**Ruifgalmeida** · 01-14-12, 10:00 PM

Originally posted by QQPALLADIUM

yeah i am...

mb no extra charge if you win a lot....bf extra charge if you win a lot...and "they" say mb has better odds and liquidity...

mb better odds and better liquidity

what planet are you from.
Got nothing againts mb but they are useless book even for a recreational punter

**QQPALLADIUM** · 01-14-12, 10:08 PM

Originally posted by Hareeba!

as I said

and obviously of the view that the whole betting world revolves around US sports

you're right...the rest of the world can't wait for aussie rules football....

**Hareeba!** · 01-14-12, 10:42 PM

Originally posted by QQPALLADIUM

you're right...the rest of the world can't wait for aussie rules football....

keep it up mate .... the more you post, the sillier you look

**brettels** · 01-15-12, 03:42 AM

Why no Multibets available for the Aus Open at betfair?

**brettels** · 01-15-12, 06:07 AM

For a place that is supposedly "the best place to bet in the world" it is pathetic! Might as well rename it singlebets.com

**brettels** · 01-15-12, 06:14 AM

betfair just changed the odds on me without my confirmation and placed the bet, this happens regularly. the lowered the odds without my permission. pathetic!!!!! they were already low odds, and a low stake to begin with!!!!

**brettels** · 01-15-12, 06:21 AM

Let me say that again, they accepted only part of my stake at the odds i wanted and left part of that stake out and offered me lower odds for the remaining stake!!! LAME!!! betfair is pathetic.

**FourLengthsClear** · 01-15-12, 06:30 AM

Originally posted by brettels

Let me say that again, they accepted only part of my stake at the odds i wanted and left part of that stake out and offered me lower odds for the remaining stake!!! LAME!!! betfair is pathetic.

Is this in the "multiples" section?

**brettels** · 01-15-12, 06:33 AM

Originally posted by FourLengthsClear

Is this in the "multiples" section?

No, single bet!

**FourLengthsClear** · 01-15-12, 06:37 AM

Originally posted by brettels

No, single bet!

But that is how an exchange works. Just leave the bet/odds you wanted up and as long as there is not a big shift in the market it will almost certainly get 'filled' later.

**brettels** · 01-15-12, 06:38 AM

The stake was less than $30

**brettels** · 01-15-12, 06:39 AM

And I've never had a bet matched afterwards

**FourLengthsClear** · 01-15-12, 06:42 AM

Originally posted by brettels

And I've never had a bet matched afterwards

What match/odds are you looking at?

**brettels** · 01-15-12, 06:51 AM

Medina garrigues was 1.18 then down to 1.16

**brettels** · 01-15-12, 06:55 AM

I understand that odds change but to accept only some of the stake and then offer less for the remainder is not cool

**FourLengthsClear** · 01-15-12, 07:00 AM

Originally posted by brettels

Medina garrigues was 1.18 then down to 1.16

1.18 is available now, go for it.

If you put a further back bet up at 1.19, within the next 15 minutes - I guarantee it will be filled!

Originally posted by brettels

I understand that odds change but to accept only some of the stake and then offer less for the remainder is not cool

But that is how an exchange works.

**Optional** · 01-15-12, 07:04 AM

It's not them offering less brettels, it's the users.

Are you drunk btw? Thought you were a regular BF user.