The inside track for those who need to know
If Only......
If only we were "The Commission" and if only we were minded to demand to see betfair's books, what would we examine most closely, and what would we be expecting to see?
I'd want to see the correlation between Total Matched and Total Commission Charged (to establish the degree to which the same original "money at risk" was churned around the match/green-up-for-zero-risk environment).
I suspect that if ALL transactions were levied a flat-rate 0.1% commission on stake/liability value alone, revenues would be far higher than merely applying the current, much higher charges to net winnings.
This is, IMHO, a ruthlessly unfair bias against the Punter, who has one bet and occasionally hits a winner. His win effectively subsidises all of the efforts of the majority to shave off a slice of his stake for themselves before the Event even starts!
That, for me, isn't "gambling". That is (if fairly done) running a bookmaking business.
If unfairly done (e.g. by Time Fraud) it's illegal anyway!
When will the GC wake up and smell the coffee????
I'd want to see the correlation between Total Matched and Total Commission Charged (to establish the degree to which the same original "money at risk" was churned around the match/green-up-for-zero-risk environment).
I suspect that if ALL transactions were levied a flat-rate 0.1% commission on stake/liability value alone, revenues would be far higher than merely applying the current, much higher charges to net winnings.
This is, IMHO, a ruthlessly unfair bias against the Punter, who has one bet and occasionally hits a winner. His win effectively subsidises all of the efforts of the majority to shave off a slice of his stake for themselves before the Event even starts!
That, for me, isn't "gambling". That is (if fairly done) running a bookmaking business.
If unfairly done (e.g. by Time Fraud) it's illegal anyway!
When will the GC wake up and smell the coffee????
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Replies to This Discussion
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Permalink Reply by Brian Ford on
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Allw e need is feck on here now and we will have a full set...............
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