Bet Angel - Betfair sports trading and betting blog » Betfair

Betfair add Sportsbook cash out facility

Peter Webb — Mon, 20 May 2013 14:55:25 +0000

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 …

Betfair find a new home for flutter.com

Peter Webb — Wed, 15 May 2013 09:08:31 +0000

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

Peter Webb — Tue, 14 May 2013 06:32:24 +0000

Full statement here – http://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

Peter Webb — Mon, 13 May 2013 12:24:15 +0000

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

Peter Webb — Tue, 07 May 2013 18:02:21 +0000

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

Peter Webb — Mon, 06 May 2013 15:27:29 +0000

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

Peter Webb — Fri, 03 May 2013 10:10:26 +0000

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 …

Betfair reject £900m takeover offer

Peter Webb — Mon, 22 Apr 2013 06:03:39 +0000

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

Peter Webb — Sun, 14 Apr 2013 09:08:16 +0000

Last last night SKY news broke a story about CVC approaching Betfair: -

http://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 acquires customer database of Blue Square

Peter Webb — Tue, 02 Apr 2013 09:53:34 +0000

Full the full press release visit here: -

http://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 …