Category: News
Betfair awarded licence in Germany
Hot off the news wires, the man from Schleswig Holstein says Jawohl: -
BETFAIR GROUP (“Betfair”) has today been awarded a licence to operate its betting exchange in the German state of Schleswig Holstein.
Following the receipt of the licence for sports betting, Betfair intends to pay 20% of Gross Gaming Revenue derived from Germany to Schleswig Holstein. Based on current revenue run-rates it is envisaged that this payment will reduce Core Betfair’s gross margin by approximately one percentage point.…
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New blog format
I’ve been posting on this or the older blog for at least four years now, so I thought it was time to refresh it a little.
Over that time I’ve made thousands of posts but they just tend to get lost in the mists of time. There is a real treasure trove of information in here, but we had feedback that lots of people are obviously not finding it, or digging in deep enough, so we have taken the plunge …
(N)Ice
Spent a lot of last week doing the industry rounds at a couple of trade shows, one of them was ‘ICE’.
I mentioned last year that my interest was raised when speaking to the non betting exchange part of the industry. It seems that the knowledge, research and ability I have acquired over the many years I have been doing this, is in demand from other parts of the industry; so last week was a check point on that progress.
It …
I lost £288k in one night spread-betting
On the ‘mad bomber’ thread on the forum there has been some jocular suggestions about who could be the person being such erratic and irregular betting activity. Some have joked it could be a wealthy footballer, after reading this story suddenly that doesn’t look so far fetched!
“FORMER LIVERPOOL AND Manchester City midfielder Dietmar Hamann has revealed how he slipped into problems with drinking and gambling during his final season at Eastlands.”
http://www.dailymail.co.uk/sport
…
Betfair exits South Africa
With regulatory tangles ongoing in many territories Betfair has hit another bump in South Africa. This is a real shame as South Africa is on the same time zone as the UK. Betfair has already sent out emails to affected customers. Here is an extract of the key elements of the email: -
“We’re writing to inform you that following the recent ruling by the South African Supreme Court of Appeal, Betfair has decided that as of 00:01 GMT on …
Ladbrokes in talks with Betdaq
Not as dramatic as it first seems when you read the headline, but interesting nonetheless: -
For the full story click on the following URL: -
If you fancy giving Betdaq a try download BetDaqAngel. It’s top notch trading software for Betdaq and it’s free. It received a major upgrade last year. Lots of clever features including an Excel link that allows you to trade multiple markets simultaneously from a spreadsheet.…
Losers needed!
Over the years I’ve studied the markets and a number of strategies, but all of these have been focused on winning.
Late last year I turned my attention to why people lose, the psychology behind that, but also what fundamental flaws they have with their approaches in the market.
If you mess around at random you should, over long periods, break even less the spread or commission that you pay to the service provider. However, when I look at a …
Hello 2012
Greetings to the year 2012, or if you are Assyrian the year 6762 or if you are 2556 in Buddism or…, well you catch my drift.
2012 is going to be a very busy year on the sports front, if the Mayan apocalypse doesn’t mature, so I look forward to what should be a very interesting year. I spent a lot of the second half of last year looking at new things so I look forward to doing some of …
Farewell 2011
No time to summarise the year on this post, hopefully I’ll get the chance in the new year. But just wanted to say goodbye 2011 and thanks for everybody’s support and custom through out the year. It turned out to be a really interesting year, right to the final days!
I managed to bag a four figure race yesterday and did well on the darts in the evening so it’s likely to be a nice sign off for the year.…
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Signing off..
Right, it’s time to do some last minute stuff for Christmas. A full house tomorrow means we have lots of food to prepare and I’m looking forward to doing anything but sports related stuff for a few days.
I had a reasonable day yesterday, which was a nice way to start the break for Christmas. I’ll be back at my desk on boxing day!
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Shortest day of the year
Today marks that critical point in the northern hemisphere where the sun rises above the horizon for the shortest time. From here it gets better and better, SAD sufferers can look forward to better times.
We still have a lot of winter to go and we haven’t plumbed it’s depths from a sporting perspective, but I welcome this turning point in the year as we can start looking forward to longer days. Aside from disruption to sporting schedules, of which …
What are the odds?
A bit of a laugh ahead of the Christmas break. Vote now!
Back when I joined Betfair, nearly 12 years ago now. They sent me a nice diary for my patronage. I didn’t generate much commission for them back then and didn’t write articles, design software for use on Betfair or anything like that. The following year I also received a small gift, and so it continued. Calendars, playing cards and the odd email with seasonal greetings.
About four or …
Betfair profits up on flat growth
See the full press announcement here: -
At first glance revenue (comissions) have declined, but so has the cost of sales, producing an increase in the bottom line. Admin expenses have also fallen adding to the bottom line.
I’ll have a proper read of the full statement when I get into the office. Betfair shares are up a bit in early trading this morning.
If you want an update of content of the conference call, I’ll be tweeting updates: …
Betfair results due out tomorrow
If you can get up early tomorrow morning you will be able to see Betfair’s H1-12 results. The first since the introduction of the most recent premium charge announcement and various other factors. It will be interesting to see what impact all the news coming out of Hammersmith this year has had on the underlying business. It feels to me like growth has slowed, but that they will be able to boost the bottom line thanks to their very aggressive …
Big week ahead
You may read this headline and wonder what on earth I am on about as there isn’t anything amazing happening this week. OK a few high profile things like the Champions League football, but generally just bits and bobs as we descend headlong into the winter.
This time last year however, we were well in the grip of an incredibly cold spell and it pretty much wiped out all the sports action. So this year we are assured of a …
It’s jungle out there
Another week and another amazing betting system drops into my inbox.
Each one is similar to the last, as for only a few quid, limited to just a few people; you can have a system that requires little work yet prints money. Sounds fantastic, but as we all know it’s just not true. Why sell something for a fraction of the profit it allegedly generates? Just doesn’t make any sense.
In the past I have noticed that most of these …
Why big companies die
I read this article this morning in Forbes and it absolutely resonates with my former experience in the corporate world. When companies sell their soul to a spreadsheet the long term result is nearly always bad, but if they have strong competitiveness you may not notice at first. But companies that remain true to their core and focus on what made them great in the first place usually prosper and retain the drive to succeed for long periods of time. …
Automation – Major new release of Bet Angel
We are delighted to announce a new version of Bet Angel!
This morning we have released a new beta version, 1.30, which includes a brand new feature.
The new feature focuses on automating your betting or trading activity and builds on the work we have done with Guardian and the Excel spreadsheet link. In fact you can use this new feature along side any activity in your core market and / or any activity you have in a spreadsheet.
The …
Arrest over test cricket ‘betting scam’
Another story in the press this morning about another alleged betting scam.
http://www.bbc.co.uk/news/uk-11122388
The News of World appear to really savour these stories, perhaps will a little too much vigour? But there is no doubt that sport should be played for the right reasons and any corruption should definitely be rooted out. If you are in any doubt as to why gambling has a sullied reputation, its stories like these that produce it. Let’s hope that publicity like this will …
Paddy Powers on
It’s easy to forget in this modern age of betting exchanges that traditional bookmakers are still around and still going strong. Paddy Power just released results which showed that gross win was up 117% to €112m and operating profit up 66% to €36.1m. Online betting accounts for 73% of the group’s operating profit.
Paddy Power said profit before tax for the six months to June 30 grew 54% to €52.5m. In 2009 Betfair earned £42m for the whole year.
Paddy …
Betfair eyes up filipino
Having made its first major move into the Asian gaming market last year with an agreement to provide IT solutions to Interactive Entertainment Solutions Technologies (IEST), operator of a betting exchange in the Philippines, Betfair has now been offered a 40 per cent stake in IEST worth US$15m by Philippines-based Diversified Financial Network Inc (DFNN).
DFNN notified the Philippine Stock Exchange this week that IEST and Betfair had defined an option agreement for Betfair to acquire a 40 per cent …
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