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Jumping into this board, I simply mis clicked and then started to read the board and Betfair. I like Keith have been Betfair customers for donkeys and he is right what he is saying. But I don't want to go down there and get involved in your debate. But Betfair is top of the tree in exchanges and it will be many years into the future. But the only way it will start to lose to other exchanges, and your talking like I said years into the future here, is if they don't keep an eye on the commission they charge. Most markets are 5% which is accepted of course! but there will come a time when this will need to be looked at. The only possible way Betdaq or any other exchange could ever think to compete would be the commission they charge, and your talking about multi millions on marketing and advertising for the other exchanges who want to take a shot at being number 1. Plan and simple, and even then, all Betfair do is lower that 5% to 2 or even 1%. They've made there money by being alone for so long, and could afford to lower the commission in time, then what for the other exchanges, what else could they possibly offer to try and match or overtake Betfair as the number 1 exchange. Nothing, is the answer. Maybe in twenty yrs or so but not before. Sorry for interfering and I'll leave you to it.
Wow it gets worse. Reading your last post again you are wrong in just about everything you say. You dont think any other firms can lay off liabilities? You cant be serious? Bookmakers have been laying off liabilities via on course reps since bookmaking began, with other bookmakers and over the last fifteen years via exchanges as well. I really think you should be doing a lot more research into what you're talking about. I have to be honest it actually feels like you're fishing. But im concerned you aren't.
I dont need to ring them and ask them. I make my living betting on exchanges. I know exactly how they work. I know exactly how the traded figures are calculated as well. You really think all these other countries equals more money traded than Betfair? You are dreaming. Look at the Masters golf markets right now. And no there is ZERO chance that Betdaq has traded more on the Masters than Betfair. Like I say I dont think you know what you're talking about. I mean no offence im trying to help you.
Keith I think you should ring them and ask them. Your right about ladbrokes feeding into betdaq. That can only be a good thing for share holders as they trade commission free know what they are doing and lay off large liabilities that their rivals can't. Recycling money you called it! That is true so believing that and the fact that betdaq has been linked up to 29 other sites 28 other countries plus lads do you believe that its not likely that more money was traded on the masters? Betdaq of old has in the last five months gained tens of millions of new customer accounts!
Try to lay a bet at 20/1 with £2 in my account? What are you on about? The discussion is regarding Betdaq trading more on the Grand National. This is simply not true. My point is IF you lay 20/1 for £2 on Betfair the TRADED amount goes up by £4 both on that selection and the total amount matched on the entire market. On Betdaq the amount goes up by £42. This has NOTHING to do with my liability or any money in my account. We are talking about amounts matched or traded on the exchanges. I dont think you understand how exchanges work.
And if you think Betdaq has traded more on the Masters then god help you. Current figures: Betdaq almost £5m Betfair only £3.5m As if!!!!!!!!!!!!!!!!!!
Monty 15 months of betdaq yes but 5 of ladbrokes exchange. Deals were struck with play tech to develop it and link up the 28 other countries equivalent to ladbrokes to incorporate the exchange. Its a lot of work and its now over to the newly employed marketing company who's name I can't remember to drive the exchange forwards for the world cup and beyond! No quick fixes its being done properly! And Keith seriously mate try and lay a bet with odds of 20/1 with just two quid in your account! Your liability is your stake!!!!
Think about it?? I know what im talking about. So the guy at Betfair told you 100% that they add on the liability? If you are that certain why are you only having £10 on a CERTAINTY?? I suggest you test it and see what happens. Lay £2 at 20/1 and see if the traded amount goes up by £4 or £42. Again it will go up by £4. Or just look at the Masters market. You should be able to work it out. You really think they have only traded £35k on McIlroy? If you do good luck!
The bookmaker sees the exchange as a way of hanging on to current customers who place some of their bets with Betfair, whose peer-to-peer model can offer better odds for some types of wagers. However, that may require considerable marketing spend. It's had betdaq for 15 months now and still posted 3 way below profit warnings. Betfair demise? To funny
spot on Ladbrokes have confirmed that they do add the liability so £1 @ 3 would show 3 which shows the liability but Betfair have confirmed that they also add it up exactly the same but Tom at Betfair was far more helpful than the guy at betdaq who never did tell me his name so il have a tenners worth of your 100 to a pound looool
Think about it Keith before you start offering prices like that! Lol
You bet £2 on a horse on Betfair and amount traded goes up by £4. £2 backed and £2 laid. On Betdaq you bet £2 on a horse and it says the £2 backed added to another figure which Im not sure how they work it out but its not just the £2 stake i think its the liability. Test it if you like. The figures are hugely inflated. I'll bet 1/100 Betfair traded more on the National than Betdaq. You're dreaming if you think otherwise. Liquidity was poor at Cheltenham, maybe worse than last year. Because of this I didn't even look at Aintree and solely used Betfair even though I pay 1% higher commission. But I know i will get my bets matched at the correct prices. Betdaq run a bot which just mirrors betfairs prices +5-10%. The Grand National was a good result for most bookmakers though dont count on that and the World Cup being automatic winners for bookies. Punters are one hundred times better equipped to win at betting than they were 5-10 years ago. Thats why a large % of Ladbrokes profit was from FOBT's.
BTW. I spend the winters in se asia and for the first time this year betdaq was not blocked anywhere.
Ladbrokes exchange is already available in more countries than betfair! Glenn been buying up smaller but still reputable business all over the world whilst bills have been buying the big boys for millions! The acquisitions lads made last year came off profit! as they ain't buying no more and have just employed the best software and marketing team on planet earth to push their usp/exchange single wallet whilst saving their cash. They have tiny market share of internet market compared to bills. Yet accounts are not that dissimilar! Oh btw if i'm wrong then play tech ain't feeing paid are they! Seeing as lads have struck a deal based on 2017 profits! So based on 25m just for bet fair and the fact tax aint going up until dec if indeed it does. Gibraltar ain't happy besides internet low turnover anyway the fact that horse racing has had favourable results thisyear and its a world cup year! how much percent is lads profit going to rise by in August??? Ceterus parabus 25m 140m off the top of my head alone that's about 18% what else is changing between now and August? As strong a buy as you will ever see although the way some people hate old Richard has he done something i've missed???
Keith can you tell us how a back or lay order all added together on betfair is different to betdaq ?? i know of lots of of layers / backers who use betdaq because they get a better margin some only pay 1.2% commission with betdaq and ladbrokes have not changed any of our terms since taking over anyone who was on the 3% deal pre ladbrokes have been allowed to keep it ladbrokes will make sure this exchange goes worldwide the liquidity in the exchange is 100 times better than before also
Betdaq did not take more on the National than Betfair. I dont care what they figures say they didn't. The way they calculate how much is traded is different to Betfair and they are just recycling the same money all the time. Betfair's demise is never going to happen and other exchanges are more likely to overtake Betdaq. However Ladbrokes do seem to have a new approach on horse racing. Its more aggressive and I think it is a positive move. You need to be smarter and work harder which I dont think Ladbrokes have been doing over the last few years. At Aintree they seemed much more competitive and were laying a bet as well. The flat starts now so lets see what their approach is there before passing full judgement.
http://www.dailymail.co.uk/news/article-2598381/1BILLION-month-Ladbrokes-crack-cocaine-machines-Secret-document-reveals-huge-profits-Downing-Street-announces-crackdown-terminals.html Not so good news but where are all these profits then?
Great idea your going to have announced Wednesday! Id guess at warning message after £100 losses and warning message after every ten/fifteen minutes. Great plan because seeing your losses in black and white or many fancy colours will panic a compulsive gambler into trying to regain losses! Truth is a compulsive gambler will bet online in shop anywhere he or she can! Bingo halls! Yeah bingo where they rake 4k and dish out 1500 quid! Seems only fair to lower the tax on the most bookie biased game in the world bingo! That game roulette that offers punters 35/1 on a36/1 outcome! More tax! Seems fair as there are more online bingo sites than bookies! But hey ho no one gets addicted to bingo right?!! Or do they not count as much as??? I just don't get it! a compulsive gambler will put their last pound on absolutely anything that moves! Be it fobt or dog or bingo! 2 tier problem gamblers? Least we forget that bingo halls are full of fobt! So my advice is lets see if the compulsive gamblers turn their backs on the bookies and gamble somewhere else like in a bingo hall?! Na a compulsive gambler will lose all their money in the end anyway! Happy to take 25% though ain't they! Well its a no brainer to me i'm off to buy betfair shares because they are not effected! rotflol! Yeah what are they now 5/6 times ladbrokes price well worth it! When ladbrokes has the ladbrokes exchange which will soon be bigger than betfair! Still all you lunatics that are screaming for Glenn out when he has quietly acquired positions throughout the world linked up to the exchange its lads usp single wallet no other bookie can compete! Seen the figures for betfair wills and lads and there ain't no room to expand two of them! Only one is gonna prosper! Lads high rollers large risky bets that caused 60mil a couple of years ago! If only they had an exchange where they could lay some of those huge risks! Oh they do! Did I turn my back on a billion he asked! Id say yes! Even if lads outsourced the exchange for a tiny percentage of commission to its rivals! Paddy wants it believe me and a £3 + offer will not bee too much! Quietly king of the lay bet is laying in wait! Do your own home work people but lads make their money everywhere but their online offerings which is gonna change big time starting with the world cup! 5% commission adds up!
Ultimately the Gov have got their claws out for the fobts. The worry is where will it end? Worse case scenario is the machines will be now longer be able to accept cash! Should it be a complete clampdown It's impossible to police restriction when cash is involved . This would pretty much send the machines to the grave. I'm not suggesting for one minute this is a proposal it's merely my own thought , would be interested to hear other posters view on this. Until we get clarity this along with Billy's looks very cloudy short term. Re shop managers I agree have heard that many a time mate. Gl all
SHARES in bookmakers William Hill and Ladbrokes dropped on Monday morning following the news that David Cameron is looking to stamp down further on gaming machines in betting shops. The prime minister is seeking to curb what he believes are the excesses of the betting and gaming industry and the markets have reacted by shaving just over two per cent off the share price of Ladbrokes (down 3p to 136.9p) and nearly two per cent off William Hill (down 6p to 338.7p) at 9am on Monday. The predicted move against gaming machines, which could be revealed as early as Wednesday, comes shortly after the surprise announcement from the chancellor George Osborne to raise duty on the machines to 25 per cent from 20 per cent in last month's Budget. Furthermore, Cameron is thought to be unhappy with the voluntary code of conduct recently brought in by the Association of British Bookmakers believing it does not go far enough to protect players. A strengthening of the code to make it mandatory instead of voluntary is thought to be among Cameron's plans while the Gambling Commission are investigating whether limits on the machines are too high. Commenting on the possibility of a further move against gaming machines, Goodbody's Gavin Kelleher said: "It looks like it could be another volatile week for UK bookmakers and given the uncertainty William Hill and Ladbrokes in particular are best avoided until there is some form of clarity."
Thanks
has traded 9,327,041 pounds on the national Betfair traded 8,484,236 pounds Ladbrokes will be rubbing there hands together the demise of Betfair is in sight !!
Total div is 8.9p = 6.36% yield. Ex div was 25th March, 4.6p to paid on 15th May. Next ex div mid Sept, paid end Oct.
Evening Looking to get back into LB after a few years, anyone have the ex div date and expected div % payout please. Many thanks in advance...........
i'm new to this 458 ferrari but i'm told you should be in shares for the long run ,i reckon the same applies to the Grand National