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 reasoning.
It is my understanding that, in the betting and gambling business, you are always trying to attract new blood to make up for the disillusioned gamblers that you are losing on a daily basis.
Am I correct, folks?
Why don’-t BetFair raise moderately the trading fees for everybody, or try to reduce the cost of the BetFair IT architecture by slashing out what has been unnecessary added by their IT maniacs?
Previously: BetFair impose new “Premium Charges”, and their very active traders are up in arms. – 2008-09-09