New Betfair commission rates

[Euler]

Euler> out of interest, do you have a feeling where the PC Exiles are heading?

I hear the same stories about this group getting hacked off but wonder where long term Betfairers head off to. Doesn't look to be a flight to betdaq, not yet anyway. Binary options or back to the rip-off bookies? Or, perish the thought, regular jobs?

All the above!

[Euler]

Looks like Betfair are increasing commission through the back door. They have been modifying the Betfair points scheme in a number of different countries.

[tweebie1999]

I was frustrated with Betfair and went to binary options for a while before returning gladly to Betfair. The binary options world is a very dark one indeed. For example you have to be very precise in your timing when purchasing a binary option. Guess what? The binary options brokers dont have charts on their websites! In addition they offer great bonuses on your initial deposit. Guess what? You have to turn over your initial deposit about 20 times before you can make a withdrawal. They have account managers that give out advice and signals. Guess what? The last time I took any notice he gave out 5 losing trades in a row. It's betting in the dark at odds on.

We all grumble abut Betfair but I suppose unless you are paying the premium charge they do offer a good service.

[andyfuller]

Had an email from Betfair that I found in my Junk folder today which I assume others got. Basically said:

1. Transaction Charges removed from all PC accounts (fill your boots all automated people!) on a trial from today until 31/10/2013.

2. If this leads to better volumes and bet count it will be considered for a longer time period.

3. The reasons given were that they think it will help with bet matching, especially in multi-runner markets.

4. Base commission on Asian Handicap markets in all football matches is now 0.5% (not clear if this is just for PC customers.) Trial basis from today until 17/08/2013 when it will be reviewed.

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Did others get this info and what do people think of it?

I haven't been on the Betfair website for some time but I am guessing these changes aren't being made public on the website so everyone knows the goal posts are being moved?

[Euler]

Yes, I and a number of other people got it. But it's really the data usage charges that would make a real difference.

[Euler]

You seen this as well?

Fixed Odds prices on the Exchange

We are continually trying out ways to simplify betting on the site. One piece of feedback we receive regularly is that placing a single fixed odds bet is difficult due to having to switch between exchange and fixed odds prices.

So this week we have started a trial to remove this complexity by offering only fixed odds prices on markets where the exchange liquidity has been poor.

You can view this now by going to our event page on Irish Football Games or in the screenshot below.

Here is an example:
http://www.betfair.com/exchange/footbal ... d=27033983

[jimrobo]

so basically as the exchange dies they will just replace the markets with fixed odds sportsbook???

[Euler]

Saw this on the BF forum, so can't confirm it's real but I'll ask Betfair. Based on everything they keep saying on their conference calls this seems to fly completely in the face of that.

[Euler]

Here you go: -

https://betfair1.uservoice.com/forums/1 ... e-exchange

You can comment on the change on that link

[jimrobo]

looks like the feedback speaks for itself!!

[kelpie]

I'm always wary of posting on betfair forums so I'll add a comment here...

My first reaction is what flipping betfair peabrain came up with this idea? Seeding an exchnage with fixed odds is just cretinous.

My second reaction is confusion. It's getting so shit at betfair there seems to be a possibility management retardoes think this helps "defend" the exchange's weakening by betdaq. Or maybe not, I can't tell. Perhaps this is another "strategic shift" (yawn) to morph betfair into some wankstain hyprid of Pinnacle and Will Hill. *sigh*

[Euler]

If you click on the image it seems to show just one market with green, fixed odds betting.

[miroos]

From betfair:

We are writing to let you know that the base commission rate for markets in Croatia is to be increased to 7% from 07/08/2013.

[Euler]

Wonder why they have picked on Croatia to have the highest charges. What a mess the pricing is becoming.

http://en.learning.betfair.com/app/answ ... /a_id/2684

Commission payable is rounded to the nearest two decimal places. If the amount ends in 0.5 it will be rounded up.

The market base rate specified in the 'Rules' tab in the 'full market view' of a market is usually 5%, however please refer to emails or web messages from Betfair explaining our current charges.

In Indonesia, Malaysia, Poland, and Romania the default Market Base Rate is 6.5%
In Argentina, Belarus, Columbia, Estonia, Hungary, Kazakhstan , Luxembourg, Mexico, and Singapore the default Market Base Rate is 6%
In Norway and Finland the default Market Base Rate is 5.5%

[Euler]

They have also made a mess of the discount rates: -

http://en.learning.betfair.com/app/answ ... /a_id/2486