In your rush to go over the cliff with the rest of the sheep, think about it? I read this alleged promotion as a double negative, it just screams to me that 'losses' and 'trading' go hand in hand? i.e. You are going to lose long term but to suck you in we'll give you some credit?
Now if they promoted it as " we'll add 50% to your trading profits for two weeks", then that would be a positive message and get just as many in? We all know that only 3% of subscribers would actually cost them anything, as opposed to 97% losing for two weeks and having to reimburse them.
Either way, it'll give the opposition something to think about, and hopefully drop the PC?
Losses refunded – BETDAQ trading promotion
To be fair paul I think it is just to try and get people to come and give trading on Betdaq a go. Far too many people had just written it off and never actually tried it,I think they are just offering people a risk free chance to come and see for themselves that they are a genuine alternative.
Every exchange needs backers, layers and traders for it to work properly. I think they have plenty of backers and layers and all that is missing is more traders to help move it all along and get the volumes up and more bets matched. The offer is certainly an eye opener and Betdaq should be applauded for the initiative and it is great that they are being pro active in encouraging traders to the exchange.
The volumes are rising all the time and if traders get together and give their support, sooner or later their will be a tipping point where Betdaq can claim to match the same volume of bets as betfair. Once that happens there will be two genuine exchanges competing for business, and any further charges or pricing structure changes will have to be fairer and better thought out as each company will risk losing all their custom to the other.
It can only be good for everybody to have two genuine alternatives in the exchange market, and i feel we are closer than ever to getting that, this final push could be what is needed.
I'm really looking forward to trading Aintree on Betdaq, as it was far easier to trade on there during Cheltenham compared to betfair, hoping for more of the same these next few days.
Every exchange needs backers, layers and traders for it to work properly. I think they have plenty of backers and layers and all that is missing is more traders to help move it all along and get the volumes up and more bets matched. The offer is certainly an eye opener and Betdaq should be applauded for the initiative and it is great that they are being pro active in encouraging traders to the exchange.
The volumes are rising all the time and if traders get together and give their support, sooner or later their will be a tipping point where Betdaq can claim to match the same volume of bets as betfair. Once that happens there will be two genuine exchanges competing for business, and any further charges or pricing structure changes will have to be fairer and better thought out as each company will risk losing all their custom to the other.
It can only be good for everybody to have two genuine alternatives in the exchange market, and i feel we are closer than ever to getting that, this final push could be what is needed.
I'm really looking forward to trading Aintree on Betdaq, as it was far easier to trade on there during Cheltenham compared to betfair, hoping for more of the same these next few days.
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rinconpaul
- Posts: 112
- Joined: Wed Dec 03, 2014 10:39 pm
I live in OZ and was watching the business report on TV. They wheeled out the price of iron ore chart. Up until the early 90's it was ticking along nicely, trending up slightly, UNTIL they listed it on the futures market. Then instead of miners renegotiating contracts in a orderly fashion based on supply and demand, the traders took over. They wouldn't know what iron ore looked like, but pushed the price up 100's of percent. Now the Bear traders have taken over and the price is back to the 1990's level again. The AUS economy is going to suffer now.
The message in this tale, traders turn natural fundamentals into synthetics. The numbers you see on the screen as a result, aren't reflecting true probability. As long as you Lay low, Back high, traders have no interest in their commodity. It's Gordon Gekko, Wolf of Wall Street stuff, bring down countries economies? Traders have stuffed Betfair,with their antics, and will move in on Betdaq now. Just don't be the last trader standing! Like Arbitrage, as soon as people see easy, no risk money, they fall over themselves to get onboard. For every reaction, there is an opposing one and look what happened, accounts getting closed.
Why do I use BA, it's good for recording data to excel, that's all.
The message in this tale, traders turn natural fundamentals into synthetics. The numbers you see on the screen as a result, aren't reflecting true probability. As long as you Lay low, Back high, traders have no interest in their commodity. It's Gordon Gekko, Wolf of Wall Street stuff, bring down countries economies? Traders have stuffed Betfair,with their antics, and will move in on Betdaq now. Just don't be the last trader standing! Like Arbitrage, as soon as people see easy, no risk money, they fall over themselves to get onboard. For every reaction, there is an opposing one and look what happened, accounts getting closed.
Why do I use BA, it's good for recording data to excel, that's all.
Not so sure about that - the offer is ambiguous to my mind.Have to say it's a great promotion, 50% of cumulative loses refunded, it's a great chance to make some good money over the next few days!
Say I make a total £120 of losing trades and a total of £100 of profitable trades over the period.
Is the refund 50% of my total loss for the period (120 * 0.50 = £60 = £50 maximum refund) or the cumulative nett loss ie ((120 - 100) * 0.50 = £10) ?
Given the lack of free lunches in the world I guess it applies to the nett position. On that basis, if my profitable trades were £121.01 then there would be no refund ? Also I expect it applies only to pre-commission values.
Presumably they know it comes from BA usage because BA sends something over the wire with each bet.
Not sure how they know if you are trading or not though instead of just betting - or would it apply to that as well ?
So many questions from what appears a simple offer
No matter - I'm signed up regardless
That's for certain regardless of how it finally works out.It's better than nothing which was what you would have got if we hadn't asked.
Let's hope it drives lots of users to Betdaq.
The new version of BA is superb - the use of automation there is particularly exciting - had me awake in the night thinking of variations to try
I'v benn thinking about using Betdaq for a while, with the work BA have put in and Betdaq giving something even if it's not much, for me it's well worth a try, you never know your stratagies may work better on Betdaq and they charge less comm-.
I signed up yesterday and puting money in account tonight, gonna try trading it tomorrow.
I signed up yesterday and puting money in account tonight, gonna try trading it tomorrow.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Hear hear - worked perfectly well both in terms of performance and trading.
Put the code in after you sign up, go to promotions and put code in there, had same problem myself.Lagos wrote:Saw this while I was in Portugal last week but couldnt log on as its banned over there.
Just tried to put the code in and it says its not a valid code.
Anyone got any ideas?