Betfair's relationship with traders

[eightbo]

Gloomy in here. Here's a recent positive:

[spreadbetting]

I do actually get this company moving away from promoting trading.

But then why still have big flashy pages promoting it, with 'pro traders' pimped on there like calender boys?

I doubt hosting "big flashy pages promoting it, with 'pro traders' pimped on there like calender boys" costs them much. The guys behind the exchange idea will have since cashed in and enjoying the fruits of the labour. For Paddy Power it was probably more a case of getting their hands on the client list and technology the exchange is low down the list of their priorities and traders even more so. I'm pretty sure if I ran an exchange traders would be bottom of the list too, it's punters where your profits come from.

[greenmark]

If you move your operations to Romania, you're clearly looking to cut costs.
The basic BF exchange model is 5% commision. Thats peanuts vs the overround of a bookmaker. PP will ditch the exchange if it doesn't generate profit.
The only caveat I can think of is the authorities don't want to condone the destruction of the only alternative to the bookmakers.

[stueytrader]

I do actually get this company moving away from promoting trading.

But then why still have big flashy pages promoting it, with 'pro traders' pimped on there like calender boys?

I doubt hosting "big flashy pages promoting it, with 'pro traders' pimped on there like calender boys" costs them much.

Fair point that it probably doesn't cost much, but why do they even bother having those pages if they're not interested in promoting trading? Why not just delete them and move onto solely promoting exchange 'betting' instead?

I just find that there still seems an undercurrent for them promoting trading around. Not sure if any of the pro trader calender boys could comment on here too...

[napshnap]

[edit] - in fairness to the original team, it must be gutting to see what's unfolding but having to support the party line!

Yeah, and the original team started with a parade carrying a traditional bookmaking's coffin. How ironical.

And what will be the next chapter in their history, maybe they'll start to replace us with their advanced machine learning based algorithms?

[napshnap]

The only caveat I can think of is the authorities don't want to condone the destruction of the only alternative to the bookmakers.

We need another voice here, guys, like, bettors and traders union to be able kick shadowy bookmakers in the nuts!;)

[stueytrader]

So, down yet again this afternoon.

How many times is that now recently?

Awful service provider.

[stueytrader]

Feel like my only sensible approach to BF outages is to reduce stakes, maybe drastically, at present.

Also using other exchanges, but that's not always great either.

[Westerner]

I do actually get this company moving away from promoting trading.

But then why still have big flashy pages promoting it, with 'pro traders' pimped on there like calender boys?

I doubt hosting "big flashy pages promoting it, with 'pro traders' pimped on there like calender boys" costs them much.

Fair point that it probably doesn't cost much, but why do they even bother having those pages if they're not interested in promoting trading? Why not just delete them and move onto solely promoting exchange 'betting' instead?

I just find that there still seems an undercurrent for them promoting trading around. Not sure if any of the pro trader calender boys could comment on here too...

Which pages are you referring to?

[stueytrader]

I doubt hosting "big flashy pages promoting it, with 'pro traders' pimped on there like calender boys" costs them much.

Fair point that it probably doesn't cost much, but why do they even bother having those pages if they're not interested in promoting trading? Why not just delete them and move onto solely promoting exchange 'betting' instead?

I just find that there still seems an undercurrent for them promoting trading around. Not sure if any of the pro trader calender boys could comment on here too...

Which pages are you referring to?

It's under their betting.betfair pages, Betfair 'education' (lol at that term).

https://betting.betfair.com/guides/how- ... n-betfair/

That's the first page, other links around there.

[stueytrader]

Love some of their menu headings there on that page:

'Trading on Betfair is easy' being one of them!

[stueytrader]

This was another good page around those sections of their site:

https://betting.betfair.com/betfair-ann ... 8-710.html

[Derek27]

Love some of their menu headings there on that page:

'Trading on Betfair is easy' being one of them!

I think they mean it's easy to trade - they're not talking about winning!

[Emmson]

Betfair Australia are very proactive in encouraging trading unlike their masters over here.

https://www.betfair.com.au/hub/about-us/

There is an extremely good 3 part interview with a cricket trader on there if you look.

[Vorogue18]

Yep, Aus Betfair send weekly, sometimes daily "tips" "strategies" regarding trading. My account level includes invites to trading sessions, trading software discounts and regular "professional" advice plus trader stories. Was invited to meet with account manager late last year when I enquired about 3rd party trading software and he was a ripping bloke. Gave demos, invites to trading sessions all sorts of stuff, even lost his hearing when I queried VPN usage...

Judging by the tales from overseas, really hope 'our guys' don't talk to 'your guys" !!!