Betfair in talks as punters look elsewhere
Betting exchange Betfair are holding a crisis board meeting today to debate their unbelievably rash decision a week ago to charge high-rolling clients a 20 per cent commission on their winnings. This stealth tax has seen a sudden migration of punters from Betfair to rivals Betdaq, who report one of their busiest weeks ever.
About Me
- Cassini
- I have had a life-long interest in sports and after studying Pure Mathematics with Statistics at secondary school, have been fascinated by odds and probability. The first system I came up with was a simple one - back the favourite and double up after a loss until a winner. Simple enough in theory, and I told my Dad about it. Not being a betting man himself, he ran it by some of his colleagues, and came home to tell me that it wouldn’t work because a long losing run would mean that the bank would be empty. Then there was always the possibility that the winner would be returned at odds-on, meaning that the total returns would not match the outlay. Not what a ten year old wants to hear! Only slightly daunted, I then went on a search for the Holy Grail, the secret to riches that I knew was out there somewhere. Finally in 2004 I stumbled across an article about Betting Exchanges and four years later I was able to make a steady profit.
Fantastic video on You Tube type in Betfair Premium Charges – Priceless
ReplyDeletehttp://www.youtube.com/watch?v=h33F6ShhoTQ
Yes - seen it already, but thanks anyway.
ReplyDelete