Tag Archives: BetFair fee structure

All against the BetFair premium charges

Written by Chris F. Masse on September 27, 2008 — 16 Comments

Excellent analysis from the “Punt” blogger.
Serial bet winners are accused (that’s the word) to withdraw money from the BetFair machine, compelling BetFair to attract new money from newbies at a high marketing cost, and thus BetFair has decided to tax those serial bet winners.
I wonder what a Harvard or Wharton MBA would think of this [...]

Posted in Betting, Ethics, Exchange & Market Management, Exchanges & Markets, Internet Marketing - Internet Commerce, Market Transaction Costs | Also tagged BetFair, BetFair charges, BetFair costs, BetFair fees, betting exchanges, betting markets, Ethics, event derivative exchanges, event derivative markets, prediction exchanges, prediction markets, Premium Charges, The Sporting Exchange, transaction charges, transaction costs, transaction fees

Marketing web publication accuses de facto monopoly BetFair of gouging customers.

Written by Chris F. Masse on September 25, 2008 — Leave a Comment

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Previously: Our blog post on the BetFair Premium Charges
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Posted in Ethics, Exchange & Market Management, Exchanges & Markets, Internet Marketing - Internet Commerce | Also tagged BetFair, BetFair charges, BetFair costs, BetFair fees, betting exchanges, betting markets, Ethics, event derivative exchanges, event derivative markets, marketing, prediction exchanges, prediction markets, Premium Charges, The Sporting Exchange, transaction charges, transaction costs, transaction fees

WE ARE BETFAIR. RESISTANCE IS FUTILE. YOU WILL BE ASSIMILATED.

Written by Chris F. Masse on September 13, 2008 — 2 Comments

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A list of the Betfair forum threads about the new premium charges.
A FaceBook group has been created to protest the new BetFair premium charges.
PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too?

Posted in Ethics, Exchange & Market Management, Exchanges & Markets, Humor, Internet Marketing - Internet Commerce | Also tagged bet exchanges, BetFair, BetFair charges, BetFair costs, BetFair fees, BetFair Forum, BetFair Q & A, betting exchanges, betting markets, censorship, derivative exchanges, Ethics, event derivative exchanges, event derivative markets, Humor, prediction exchanges, prediction markets, Premium Charges, The Sporting Exchange, transaction charges, transaction costs, transaction fees

With the “premium charges”, BetFair is asking the hogs to pony up. However, the collateral damage is that the concept of “exchange” is stabbed in the back.

Written by Chris F. Masse on September 12, 2008 — Leave a Comment

Posted in Analysis (Industry), Business, Exchange & Market Management, Exchanges & Markets, Market Transaction Costs | Also tagged bet exchanges, BetFair, BetFair charges, BetFair costs, BetFair fees, BetFair Forum, BetFair Q & A, betting exchanges, betting markets, censorship, derivative exchanges, Ethics, event derivative exchanges, event derivative markets, futures exchanges, prediction exchanges, prediction markets, Premium Charges, The Sporting Exchange, transaction charges, transaction costs, transaction fees

One day after BetFair’s PR move, the very active event derivative traders are still very displeased by the new BetFair “premium charges”.

Written by Chris F. Masse on September 11, 2008 — 1 Comment

I have re-published yesterday’s BetFair Q & A at the bottom of my previous post —because that’s the post that Google features, bringing in 300 people a day.
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My analysis of this PR debacle:

BetFair has a very complex information technology system, which is very costly, making BetFair less profitable than the fixed-odds betting operators (the big [...]

Posted in Analysis (Industry), Business, Exchange & Market Management, Exchanges & Markets, Internet Marketing - Internet Commerce | Also tagged bet exchanges, BetFair, BetFair charges, BetFair costs, BetFair fees, BetFair trading technology, betting exchanges, betting markets, Ethics, event derivative exchanges, event derivative markets, FlyWheel, FlyWheel Lite, prediction exchanges, prediction markets, Premium Charges, The Sporting Exchange, transaction charges, transaction costs, transaction fees

Some vocal event derivative traders reject the new BetFair “premium charges” —as a matter of principle.

Written by Chris F. Masse on September 9, 2008 — 1 Comment

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PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too?
UPDATE: They announce a Q&A.

Posted in Betting, Ethics, Exchange & Market Management, Exchanges & Markets, Internet Marketing - Internet Commerce, Market Transaction Costs | Also tagged bet exchanges, BetFair, BetFair charges, BetFair costs, BetFair fees, BetFair Forum, BetFair Premium Charges, betting exchanges, betting markets, censorship, Ethics, event derivative exchanges, event derivative markets, prediction exchanges, prediction markets, The Guardian, The Sporting Exchange, transaction charges, transaction costs, transaction fees

Would the traditional derivative exchanges be able to impose “premium charges”, just like BetFair have just done?

Written by Chris F. Masse on September 9, 2008 — 5 Comments

We need Jason “VP” Ruspini’s informed opinion on that:
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PREVIOUSLY: BetFair impose new “Premium Charges”… Do BetFair gag the critics, too?
UPDATE: They announce a Q&A.

Posted in Analysis (Industry), Ethics, Exchanges & Markets, Finance, Internet Marketing - Internet Commerce | Also tagged bet exchanges, BetFair, BetFair charges, BetFair costs, BetFair fees, BetFair Premium Charges, betting exchanges, betting markets, derivative exchanges, derivative markets, Ethics, event derivative exchanges, event derivative markets, financial exchanges, Financial Markets, prediction exchanges, prediction markets, stock exchanges, stock markets, The Sporting Exchange, transaction charges, transaction costs, transaction fees

BetFair impose new “Premium Charges”, and their very active traders are up in arms. – Plus, do BetFair gag the critics?

Written by Chris F. Masse on September 9, 2008 — 51 Comments

My analysis of this PR debacle:

BetFair has a very complex information technology system, which is very costly, making BetFair less profitable than the fixed-odds betting operators (the big British bookmakers). They attack the problem with a dual approach: they try to lower the IT costs associated with each bet transaction (see FlyWheel Lite), and they [...]