Betfair loses race fields legislation case

[spreadbetting]

I'm working with a few Aussie and non Aussie punters to try and figure out who has been targetted and why.

Are you saying some non Aussie punters have been targetted then , Peter? I've yet to see a non aussie trader say they've had a call telling them to stop.

[andyfuller]

Is it only the Oz based customers that have been contacted on this?

From what I have read it seems to be. Which perhaps could tie in with a comment made by Peter somewhere on the forum that BF had seemed to indicate to him that profits made on Oz racing from customers based outside of Oz are separate to the Oz exchange and as such wouldn't be included in the new charge (I think from memory that was along the lines they told Peter).

If so that would perhaps make sense as why no non OZ based customer has been contacted if that is indeed the case.

Found what was said previously:

A lot of 'Australian' market turnover doesn't actually go through the austrailian exchange I found out. I don't know how any ruling would affect that but I suspect Betfair route the traffic across the two exchange independantly for strategic reasons. I know wallets are seperate but when I saw the Aussie guys I was astonished to find out all the work I did in Aussie markets never ended up in their pot and they were not rewarded on it.

I could have mis-interpreted what they said, but they quite clearly told me thanks for all the turnover you are doing but we don't get to see any benefit from it.

I don't know whether that means, they never see it on that the Austrailian exchange or whether it just means it's not included in their numbers or whatever. Difficult to tell.

Looks like the above could explain why seemingly no one has been contacted who isn't based/registered outside of Oz?

[blueport]

So, you're saying the UK money doesn't enter the oz exchange therefore doesn't incur the turnover tax?

I would question the legality of that. Wasn't betdaq forced to stop offering oz markets unless they paid a fee?

[rubysglory]

Live in Australia. Trade NSW races regularly. Have not been contacted. Have reduced Betfair trading on Australian Racing events by > 80% as extra 1.50 % no longer makes what I do time efficient and practical.

rg

[Euler]

I don't think anybody really knows the ins and outs of it, so we will have to wait for Betfair to say something.

[mugsgame]

Poor communication from Betfair
Nothing new there then

[andyfuller]

Live in Australia. Trade NSW races regularly. Have not been contacted. Have reduced Betfair trading on Australian Racing events by > 80% as extra 1.50 % no longer makes what I do time efficient and practical.

rg

It seems it isn't all Oz customers being stopped if rubysglory hasn't been contacted.

I don't think anybody really knows the ins and outs of it, so we will have to wait for Betfair to say something.

Peter, can you clear up if you have heard of non Oz based/registered customers being contacted and asked to stop?

I am not holding my breath for something official to come from Betfair so I think we will have to do our own detective work.

[Euler]

Peter, can you clear up if you have heard of non Oz based/registered customers being contacted and asked to stop?

I am not holding my breath for something official to come from Betfair so I think we will have to do our own detective work.

No I haven't but we have lots of Aus customers and they are not all banging on the door either, so it can't be a universal thing. I'm in dialogue with something over there that has been affected and is in touch with Betfair. It seems pretty fluid at the moment.

[andyfuller]

Cheers for that Peter. It is an intriguing situation that is for sure!

[andyfuller]

Can any non Oz and Nz account holder who has traded any of the NSW racing markets since the increase in basic commission rate check to see if they have been charged the new rate or the old rate.

[spreadbetting]

The base rate has gone up on all Aussie races not just the NSW stuff, Andy. And yes I've been charged the new rate since it came in

[Euler]

Got a response from Betfair today, but I'm afraid it's not of much use. They just said that they will be in contact with people affected. That's it.

Customers wishing to raise concerns can do so by emailing [email protected]

[andyfuller]

The base rate has gone up on all Aussie races not just the NSW stuff, Andy. And yes I've been charged the new rate since it came in

Cheers for that, I didn't realise. My days of trading Oz markets have been and gone as with the new PC they just aren't worth the effort.

I thought the reason for the increase in base rate was due to the court case loss which so far only effects NSW. So are they profiteering on the other states?

Also if the new charges don't effect Betfairs non Oz/Nz customers (perhaps the reason for those customers like yourself and Peter not being asked to stop) then surely they should have kept the original rate for you guys?

[spreadbetting]

I just have some bots that run, Andy, Aus stuff is far too early for me to get up. They're not high frequency or turnover so I wouldn't expect a call tbh.

The base rate of 6.5 is all over the Aus racing not just NSW tracks, even up to 6.5 on the AUssie dogs too. Trouble is, this robbing Peter to pay Paul strategy can't do anything but backfire and cinvince the other bodies to go for a turnover tax too. It's pointless carryong NSW as a loss leader cos no other states going to want to see their possible revenue go to NSW they'll want it themselves.

Betfair should have dropped NSW as soon as the case was decided, you can only think they have some overall strategy in mind that may be based on the sportsbook and the possible increase overall in base rate to push customers to the sportsbook.

[mbeebee]

Hello. in answer to Andyfuller's question ... yes, I am being docked the new percentage commission.

Beebs