Tag: betfair
Betfair change home page (again)
Thanks to a machine I use that doesn’t allow cookies I was able to see that Betfair have changed their home page again.
I don’t know whether this was in response to the campaign I kicked off recently, I doubt that alone was responsible, but at least I was able to make your voices heard.
Anyhow the exchange now sits alongside the sports book. For those that are cookied up you can see the changes on the following link: …
Betfair re-invigorate Tradefair platform
Visting the Tradefair site this morning I noticed at announcement on the home page: –
“We are excited to announce that we are now partnering with GFT Global Markets UK Ltd (GFT Markets) to bring you a new service with enhanced tools, features and first class customer service that we believe will make your trading experience even better. Switch by no later than the 12th December 2013, as your existing Tradefair service will become inactive for new trades from that …
Betfair paint a confusing picture
It’s the Betfair AGM today, I wont be going this year as I have sold my shares. But I know somebody who is, so I’ll let you know if anything interesting comes out of it. In line with this an interim management statement was issued this morning.
Generally the tone was bullish despite reporting a decline in revenue. Revenue was down 13% year on year but underlying earnings were up. Betfair wrote off a lot of expenses in the last …
Your vote is needed now
I’m repeating this post as we head towards the 1000 vote mark, well done everybody so far! Plenty more to go!
I logged onto Betfair the other morning and saw a graphic saying ‘Have your say’. I clicked on it and it linked to an area I hadn’t seen before asking opinions on various aspects of Betfair.
One enterprising soul had put forward the suggestion: –
“Make the exchange the homepage and not the sportsbook”
I think that’s a …
Using Automation to drip feed bets into Betfair
Occasionally, there is a message sent to support that gives us the opportunity to showcase a particular feature of Bet Angel.
One such case recently was a request to help someone configure a drip feed system.
A drip feed is a system you might use if you wish to place large bets in the exchange but do not wish to ‘spook’ the system by placing it all in one go. For example, you may wish to place a bet of …
Goodwood so far
I think it has played out similar to what I imagined. People always over-hype Goodwood and as a consequence the markets often fill up with money that nobody takes.
If you look at the detail you can see this showing up in the stats. The average queue size at Goodwood is twice its normal size, but the fill rate is about normal. This adds up to taking a little more than twice as normal to fill. The longer something takes …
Two Steps – One Giant Leap
For some time now, there has been a chorus of appeals for Betfair to beef-up their security measures.
If you visit the forum there have been lots of anecdotal stories in the past regarding unauthorised access to Betfair accounts. Even though IP addresses and locations can be traced, actually getting anyone to do anything about a hacked account was and remains difficult. Things took a big twist when it was revealed Betfair had suffer a security breach and failed to …
Is Betfair no longer the arbiter of true value?
Big headline, what does it mean?
OK, for years the exchange mechanism has provided a very useful pricing mechanism. An careful aggregation of demand between people competing on a level playing field and it has provided a beautiful insight into the way free markets can work to mysteriously, accurately, price an event – in this case the prediction that something will win a sports event.
But we have been watching closely as the market appears to be decoupling from it’s …
Betfair Trader Scam – Please circulate
If you have been affected by this, or know anybody that has, please get them to contact us as we want to put an end to this scam. Send us as much information as you have.
1st warning sign – Unsolicited contact
You will have no doubt become familiar with online scams and phone text ‘phishing’ messages. Basically messages designed to dupe you into parting with your username, password, access to key services or sometimes your cash.
Usually, these are …
My Betfair birthday
I celebrated my ‘Betfair Birthday’ this week, I am now a Betfair teenager! It’s been just over thirteen years since I opened my account and started betting.
What better way to ‘celebrate’ than to look back at the moment I took the big jump? If you would have told me that thirteen years ago what I do now, I just wouldn’t have believed it remotely possible. Therefore, I suggest you always use the word impossible with the greatness of caution.…
The numbers behind Royal Ascot
And so here we are, another year, another Ascot. For me, another declined invitation to attend. While that pains me, in another couple of years it won’t be a problem. But for the moment, I’d still rather be on this side of the desk during one of the busiest weeks of the year.
Wall to wall, quality racing, from now till Saturday, I’m in trading heaven! Let’s see how it all adds up.
Last year Royal Ascot had matched bet …
A week in the life…
I penned a post earlier in the week about a day in the life. It was a bit off the cuff and I was surprised to get some feedback on it, blogging can be a lonely pastime, so thanks for your messages! Getting some feedback had prompted me to talk about a week in my life.
Seasonal variation
First thing to note is that my week changes throughout the year. I’m guided by the sporting calendar. In the summer this …
Insight into the failed Betfair bid
Nice peice yesterday from Alistair Osborne on the failed bid for Betfair. Alistair has an interview with Richard Koch which goes in depth on the process and ultimate failure of the bid. Worth a read: –
The Oaks – Betfair’s first ever market
So today we reach the Oaks and tomorrow the Derby, when the summer racing really starts to step up a gear. The start of June means Royal Ascot is just around the corner.
If you are a Betfair newbie you may not know that the Oaks at Epsom was Betfair’s first market way back when they started in June 2000. But it was a little later that year, on June 11th. Mark Davis reminisced on his blog about it. I …
Betfair add Sportsbook cash out facility
Nipped onto the Betfair site this afternoon to sort out some things on my account only to be re-directed to the sportsbook again, sigh.
I was greeted by a re-designed sportsbook page with the words ‘Cash out – BETA’ appearing right in front of me. It appears this is a new function and replaces the link to the exchange saying ‘cash out – you need to use the exchange’. Anybody visiting the home page would be hard pressed now to …
Racing steps up a gear
Nice looking card today with Newbury, York and Newmarket then Aintree in the evening. So I’m rubbing my hands at the prospect of some more action today.
The better quality racing has been quite good this week, the other stuff in-between not so great. But I’ve managed to pull out the odd decent result while avoiding the worst of things. It’s noticeable recently though, particularly since mid April, that trying to get an order filled on the weaker betting markets …
Betfair find a new home for flutter.com
Remember flutter? I do, I signed up for flutter.com around the same time I signed up for Betfair.
Flutter was one of Betfair’s biggest competitors before spending a lot of money pursuing slightly the wrong angle and falling victim to a Betfair takeover in their infancy.
I’ve been an advocate of Betfair using the Flutter brand to launch their assault on the gaming and sportsbook market while leaving the exchange mechanism to the suitably named Betfair. However it looks like …
Betfair and CVC terminate takeover talks
Full statement here – https://www.betangel.com/forum/viewtopic.php?f=35&t=2623&start=266
Looks like I was right to sell into the market. It will be interesting to see what price the shares open at this morning. Highlights of the statement: –
Following the announcement of the trading and strategy update, the Board received a revised proposal from the Co-offerors (the “Revised Proposal”) on the evening of Friday, 10 May 2013. The Revised Proposal valued each Betfair share at 920 pence per share in cash. On the morning …
City awaits CVC Betfair bid, or not
CVC, the private equity group that was revealed as in talks with Betfair about a possible bid, has until 5pm today to put in a bid or walk away.
The city is talking up a bid of £10, or somewhere near that, to get discussions really going. Betfair shares have responded in kind to this potential. But it’s really a case of how much risk CVC wants to take.
At certain prices Betfair would be a slam dunk investment. I …
Betfair test new pricing models
Betfair announced their FY2013 post close trading update today and generally put a positive slant on things. True detail was hard to come by though.
The S word got a lot of mentions today but it was a confusing picture, for me at least. They showed big growth in the sportsbook customer base, but didn’t indicate whether it included the Blue Square stuff or not? So it’s difficult to know if that figure has any relevance. Also last year the …
Strange Betfair error you need to be aware of
While browsing the Betfair site today I spotted an error that could lead to you placing a bet on the sportsbooks rather than the exchange. Even if you are logged into and using the exchange. Please see the following video: –
Betfair wins William Hill Judicial Review
In a unanimous ruling, the Court of Appeal today found in favour of Betfair in the Judicial Review brought by William Hill, which concerned the Horserace Levy Board’s treatment of betting exchange customers.
The High Court had previously ruled in favour of the position of Betfair as supported by the Levy Board in July 2012, confirming the outcome of the extensive Consultation the Board itself undertook in 2010-2011. That Consultation clearly determined that customers of betting exchanges are not liable …
A fool and his money are soon parted
‘A fool and his money’ It’s a classic phrase, but it always seems to ring endlessly true and never shall it be any different it seems.
This post is about the case at Southwark Crown Court this week, involving the now infamous Elliot Short. I see others have picked up on this before I had the chance to write about it, but here is the link to the original article which was posted up on the forum at the start …
Betfair reject £900m takeover offer
Betfair came out this morning and rejected an offer by CVC of 880p per share. With 103m shares in issue, that values Betfair at roughly £900m. Betfair shares closed at 800p on Friday so expect another jump up today.
Mark Davis had some interesting reflections on the offer on his blog. His comments are always worth a look as he is a big shareholder and obviously an insider on the whole Betfair thing. He has often given insight to …
Private equity firm seeks Betfair buyout
Last last night SKY news broke a story about CVC approaching Betfair: –
https://news.sky.com/story/1077839/exclusive-cvc-mulls-750m-gamble-on-betfair
I think this would make a good target for a firm like CVC, but whether they can pull it off is another thing; they would require the buy in of all major shareholders. The rationale for a private equity buyout would probably be along the following lines. Betfair is cash rich and a private equity firm would probably use that cash as part of the buy …
Betfair charts from the Grand National
For your interest, here is the front of the field from the Grand National today. Hopefully this will give some insight into where you went wrong / right today. I flagged up on one of the most likely main moves during an interview I did on Radio early this morning. I’ll post up the interview early next week. Off for a well deserved rest now!
Betfair acquires customer database of Blue Square
Full the full press release visit here: –
https://corporate.betfair.com/media/press-releases/2013/02-04-2013.aspx
Text reads: –
Betfair Group plc (“Betfair”) today announces that it has acquired certain assets, including the customer database, of online bookmaker Blue Square Bet for £5m. From today, all Blue Square customers will be automatically redirected to Betfair where they can access a full suite of sports betting and gaming products and receive a promotional welcome offer.
The acquisition is consistent with Betfair’s strategy of focusing on regulated markets and …
Nice finish to a tricky day
Wasn’t sure what to expect from today as it’s the first time the Lincoln has been shifted by a week since I have been trading it.
Last week we had virtually no racing at all and today we ended up with the chaos of 50 races, even excluding the big meeting at Meydan. To be honest I’d prefer neither. A nice progression from one race to another, no clashes, but lots of racing is my ideal set up. Didn’t really …
Betfair rumours
News from the betting industry today that Betfair is alledgedy closing in on an attempt to buy Blue Square.
Little detailed information available at the moment but it is reported that ‘Initial upfront sum will be paid with fee understood to be worth as much as £35m if loss-making sportsbook hits certain targets.’
It’s been an interesting start to the year.
Betfair Q3 results
Betfair announced their Q3 results this morning. Basically flat overall, you can read the full announcement here: –
https://corporate.betfair.com/media/press-releases/2013/07-03-2013.aspx
As normal I participated in the conference call, but there wasn’t much given away at all during the call and very little insight given into the inner workings and trends within Betfair. The introduction took a couple of minutes and the Q&A about twenty.
They were keen to point out that the sportsbook was up 39%, but that was only £7.5m …
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