Tag Archives: BetFair Q & A

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 fee structure, BetFair fees, BetFair Forum, 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 fee structure, BetFair fees, BetFair Forum, 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

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 [...]