Comments on: BetFair impose new “Premium Charges”, and their very active traders are up in arms. – Plus, do BetFair gag the critics? http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/ Prediction Markets, etc. Thu, 02 Feb 2012 23:13:18 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Chris F. Masse http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-24474 Chris F. Masse Thu, 20 Aug 2009 20:50:47 +0000 http://www.midasoracle.org/?p=9259#comment-24474 BetFair are to change the time over which the premium charge is calculated. http://www.midasoracle.org/2009/08/20/betfair-premium-charges-3/ BetFair are to change the time over which the premium charge is calculated.
http://www.midasoracle.org/2009/08/20/betfair-premium-charges-3/

]]> By: Chris F. Masse http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-24437 Chris F. Masse Sat, 08 Aug 2009 15:00:13 +0000 http://www.midasoracle.org/?p=9259#comment-24437 BetFair (The Sporting Exchange) might be floated. “We don’t need to raise capital but we will need a liquidity event [to allow shareholders to cash in]… A float is an obvious option.” http://www.dailymail.co.uk/money/article-1204494/Betfair-set-float-profits-shoot-29.html BetFair saw revenues jump 27% to £303m in the year to April. http://www.managementtoday.co.uk/News/MostEmailed/925231/betfair-worth-backing-revenues-soar-again/ BetFair (The Sporting Exchange) might be floated.
“We don’t need to raise capital but we will need a liquidity event [to allow shareholders to cash in]… A float is an obvious option.”
http://www.dailymail.co.uk/money/article-1204494/Betfair-set-float-profits-shoot-29.html

BetFair saw revenues jump 27% to £303m in the year to April.
http://www.managementtoday.co.uk/News/MostEmailed/925231/betfair-worth-backing-revenues-soar-again/

]]> By: Medemi http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-22031 Medemi Tue, 07 Oct 2008 21:37:55 +0000 http://www.midasoracle.org/?p=9259#comment-22031 If you have been gagged, give betdaq's forum a try. If you have been gagged, give betdaq’s forum a try.

]]> By: Even the stock market doesn’t know how to report prices: Oddhead Blog: Prediction Markets, Gambling, Electronic Commerce, Artificial Intelligence: David Pennock: Yahoo! Research http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-21948 Even the stock market doesn’t know how to report prices: Oddhead Blog: Prediction Markets, Gambling, Electronic Commerce, Artificial Intelligence: David Pennock: Yahoo! Research Wed, 01 Oct 2008 14:05:49 +0000 http://www.midasoracle.org/?p=9259#comment-21948 [...] fix to the electoral markets map* and the various controversial revisions at intrade and betfair [1, 2] don’t seem quite so [...] [...] fix to the electoral markets map* and the various controversial revisions at intrade and betfair [1, 2] don’t seem quite so [...]

]]> By: Chris F. Masse http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-21860 Chris F. Masse Wed, 24 Sep 2008 13:18:58 +0000 http://www.midasoracle.org/?p=9259#comment-21860 http://www.guardian.co.uk/uk/2008/sep/24/gambling http://www.guardian.co.uk/uk/2008/sep/24/gambling

]]> By: Dave http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-21856 Dave Wed, 24 Sep 2008 11:57:34 +0000 http://www.midasoracle.org/?p=9259#comment-21856     This from the guy who was announced as the first big winner on arcade games yesterday by betfair betterluck 24 Sep 12:13 I am RG. I won on the Arcade without even realiseing that I was playing it for real. It is unbelievabley easy to log-in to see what the fuss is about, select to play a Demo game and then navigate to a new game where you are playing for real. I honestly thought i was playing with imaginary money. I would never dream of playing in the Arcade with real money. Playing for a grand a spin I won about 14k and gave 9 back all in the space of 3 minutes. I am delighted that i got bored after that long. Obviously I have been very lucky and done well out of this but there are 2 points that are very worrying. Firstly and most importantly it should be far more difficult to "accidentally" play these games. Not being aware that you are playing may be a little stupid but if I could make that mistake then I am sure others could. Secondly is the nature of the games, I was able to turn over roughly 20k in 3 minutes. Even when I won it was ready to press the button to bet again in 5 seconds. These games are highly addictive and repetitive. In the past I would have expected more of Betfair but now I am not at all surprised. I have voiced my concerns to my account manager but dont expect anything to change. Betfair dont listen to their customers anymore because they honestly dont care although there are still a very many good people still working there. God to see they're branching out at other ways to fleece punters without them even realising ths time. Default settings on the games i around £60 a spin !!! £60 a spin ffs  

 
This from the guy who was announced as the first big winner on arcade games yesterday by betfair

betterluck 24 Sep 12:13

I am RG. I won on the Arcade without even realiseing that I was playing it for real. It is unbelievabley easy to log-in to see what the fuss is about, select to play a Demo game and then navigate to a new game where you are playing for real. I honestly thought i was playing with imaginary money. I would never dream of playing in the Arcade with real money. Playing for a grand a spin I won about 14k and gave 9 back all in the space of 3 minutes. I am delighted that i got bored after that long.

Obviously I have been very lucky and done well out of this but there are 2 points that are very worrying. Firstly and most importantly it should be far more difficult to “accidentally” play these games. Not being aware that you are playing may be a little stupid but if I could make that mistake then I am sure others could.

Secondly is the nature of the games, I was able to turn over roughly 20k in 3 minutes. Even when I won it was ready to press the button to bet again in 5 seconds. These games are highly addictive and repetitive. In the past I would have expected more of Betfair but now I am not at all surprised. I have voiced my concerns to my account manager but dont expect anything to change. Betfair dont listen to their customers anymore because they honestly dont care although there are still a very many good people still working there.

God to see they’re branching out at other ways to fleece punters without them even realising ths time. Default settings on the games i around £60 a spin !!! £60 a spin ffs

]]> By: The BetFair “crisis board meeting” was a total invention of the Daily Mail, but the PR debacle is real. | Midas Oracle .ORG http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-21746 The BetFair “crisis board meeting” was a total invention of the Daily Mail, but the PR debacle is real. | Midas Oracle .ORG Tue, 16 Sep 2008 09:26:14 +0000 http://www.midasoracle.org/?p=9259#comment-21746 [...] PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too? [...] [...] PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too? [...]

]]> By: Medemi http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-21743 Medemi Mon, 15 Sep 2008 22:22:05 +0000 http://www.midasoracle.org/?p=9259#comment-21743 I see this picture. This time, no, not this fish on the dry gasping for air. I see a couple of people on the foreground, debating, trying to make sense of, attributing fairness to -  the good old income tax. These people really care about betfair. They care so much about betfair that they cannot see what is going on behind their backs. - Far away in the background, almost hidden, but clearly visible, is this big banner that says "<strong>20% TAX ON BETFAIR</strong>". ... and massive crowds moving. But where to ? :-D I see this picture. This time, no, not this fish on the dry gasping for air.
I see a couple of people on the foreground, debating, trying to make sense of, attributing fairness to –  the good old income tax. These people really care about betfair. They care so much about betfair that they cannot see what is going on behind their backs.
-
Far away in the background, almost hidden, but clearly visible, is this big banner that says “20% TAX ON BETFAIR“. … and massive crowds moving. But where to ? :-D

]]> By: Adonis http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-21737 Adonis Mon, 15 Sep 2008 17:29:20 +0000 http://www.midasoracle.org/?p=9259#comment-21737 As Mr Spock would say..... "that is a logical conclusion, Captain". Unfortunately, we are well used to betfair mostly answering questions that they, themselves, pose! And NEVER, EVER in real <strong>T</strong>ime..... only AFTER they have taken plenty of <strong>T</strong>ime to allow all arguments and theories to move on, thus diluting anything and everything of relevance. Some might say "Old tricks, new dogs."...... but I couldn't possibly comment. . The silence is deafening, but we've grown used to that........ . Adonis Yes, THAT Adonis! As Mr Spock would say….. “that is a logical conclusion, Captain”.
Unfortunately, we are well used to betfair mostly answering questions that they, themselves, pose! And NEVER, EVER in real Time….. only AFTER they have taken plenty of Time to allow all arguments and theories to move on, thus diluting anything and everything of relevance.

Some might say “Old tricks, new dogs.”…… but I couldn’t possibly comment.
.
The silence is deafening, but we’ve grown used to that……..
.
Adonis
Yes, THAT Adonis!

]]> By: BetFair CEO David Yu had to come at the office on Sunday to assess and clean up the mess created by the British incompetents who devised the “Premium Charges”. | Midas Oracle .ORG http://www.midasoracle.org/2008/09/09/betfair-premium-charges-2/#comment-21735 BetFair CEO David Yu had to come at the office on Sunday to assess and clean up the mess created by the British incompetents who devised the “Premium Charges”. | Midas Oracle .ORG Mon, 15 Sep 2008 15:01:56 +0000 http://www.midasoracle.org/?p=9259#comment-21735 [...] PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too? [...] [...] PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too? [...]

]]>