How many traders?
- ShaunWhite
- Posts: 9731
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It was a bold but great business desicion to capitalise on their current monopoly. Classic make hay while it shines. Everyone typically discounts for bulk because it's the way things work.....but not them, they increased charges for large turnovers, genius. That's why we're sat here fighting for a few grand while they're sat back sipping the bolli.
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- Joined: Sun Jan 31, 2010 8:06 pm
I claimed in the 80's and it was around £40 as far as I can remember so imagined it would have at least gone up since then. Either way I imagine there's a lot of smaller players able to live on amounts a lot less than most of us want ,either at home and certainly abroad.ShaunWhite wrote: ↑Wed Jan 17, 2018 1:25 pmDouble = a few hundred? Double would get you to about £140. A married couple doubled.. about 210. Same for the long term disabled.spreadbetting wrote: ↑Wed Jan 17, 2018 9:06 amthere's probably thousands out there doubling their dole cheques to a few hundred each week
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
I think you're right about those making a little bit, especially where it's nice and cheap to live, probably more losing it trying to though.spreadbetting wrote: ↑Wed Jan 17, 2018 5:43 pmI claimed in the 80's and it was around £40 as far as I can remember so imagined it would have at least gone up since then. Either way I imagine there's a lot of smaller players able to live on amounts a lot less than most of us want ,either at home and certainly abroad.ShaunWhite wrote: ↑Wed Jan 17, 2018 1:25 pmDouble = a few hundred? Double would get you to about £140. A married couple doubled.. about 210. Same for the long term disabled.spreadbetting wrote: ↑Wed Jan 17, 2018 9:06 amthere's probably thousands out there doubling their dole cheques to a few hundred each week
£40 in 1985 was equiv to £118.50 today (http://inflation.iamkate.com/)
....JSE (dole) is now 16 to 24: £57.35, 25 or over: £72.40, Couples £114.85
Not much left after your food, bills, broadband, TV Subs and your BA subscription. Oh and they don't pay all of the rent either but this isn't the time or the place.
Your comment made me wonder what it was these days so I looked it up (I'd just guessed) , never a bad thing to remind yourself how fortunate you are.
- SeaHorseRacing
- Posts: 2893
- Joined: Fri May 20, 2016 7:06 pm
How has this thread turned into a dole office.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
Hey I didn't start it but it's a sharp reminder about what failure could look like. I bet those lads at Carillon will have a shock next payday. I drove past the half finished bypass round Lincoln today and work has stopped. Site empty.
Active traders total all sports ? .... In the UK I'd guess 150 making a living, 500 making something and another 500 having a go. No idea... Wild guess.
There's got to be more than 150 in the UK making a living from BF trading. I'm sure it's in the 1000s.
By the way, most benefits have been frozen the last couple of years, which is why there are so many people living on the streets.
By the way, most benefits have been frozen the last couple of years, which is why there are so many people living on the streets.
Well, I think it's less than most people think. Bet Angel isn't a massive business and I know how many PC payers there are and it's much smaller than people suspect which is why Betfair get away with it, but some of that is also a function of peoples win and loss rate. It's odd to see many, quite talented, coders trying to design software without any perception of market research or how 'big' the software market is. It's not really big enough to sustain the market.
I guess it depends on your definition. I have some public data from Betfair in 2003 but I can't share other data. But you need to think about how you define, trader and what a professional would constitute.
There are way more markets than there used to be and they all do good volume so I'd imagine traders are more dispersed and maybe more in quantity. But to what scale is open to question. Lots of people claim to be traders, but just aren't, even those who claim to be full time.
You could have a stab. In Racing you have an average of £500k per market, so that's £250k on one side. If there were 1000 traders in the market that would only be £250 per trader.
I guess it depends on your definition. I have some public data from Betfair in 2003 but I can't share other data. But you need to think about how you define, trader and what a professional would constitute.
There are way more markets than there used to be and they all do good volume so I'd imagine traders are more dispersed and maybe more in quantity. But to what scale is open to question. Lots of people claim to be traders, but just aren't, even those who claim to be full time.
You could have a stab. In Racing you have an average of £500k per market, so that's £250k on one side. If there were 1000 traders in the market that would only be £250 per trader.
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Betfair stated in 2011, when they brought in PC2, that they expected 500 users to be affected out of 3.8M users, I'd imagine the majority would have been traders, plus that was 7 years ago so many more would now have fallen into the net but others either gave up or churned themselves out of the charges.
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
OK now now we just have to find out what most people think and guess a smidgen lower.
What's a trader? Don't start that topic again!
Professional - engaged in a specified activity as one's main paid occupation.... But that could be from £1 upwards if you lived on investments.
You've got us all wondering now what other top secret info you've been shown or snapped on your James Bond camera.
- marksmeets302
- Posts: 527
- Joined: Thu Dec 10, 2009 4:37 pm
The amount of PC payers must be an upper bound to the number of full time traders. In other words, if you don't have to pay PC better forget about going full time. In my better years I made about 100 euros a day on average, and that was already enough to join the PC ranks. Last year I averaged only 20 a day and that still qualified for PC! Can't imagine anyone living on 20 euros, and would have doubts at 100 as well. For me it has never been more than a hobby.
Peter says that there are only very few PC payers, there must be even less full time sports traders. (But for the numbers, maybe Peter was referring to PC2 only?) )
Peter says that there are only very few PC payers, there must be even less full time sports traders. (But for the numbers, maybe Peter was referring to PC2 only?) )
I was paying PC when I was averaging less than £10 a day. It's nothing to do with how much you're winning but your profit/loss ratio.
Don't forget that people who make money on Betfair but don't pay PC must be paying at least 20% charges (unless they haven't used up their allowance).
Don't forget that people who make money on Betfair but don't pay PC must be paying at least 20% charges (unless they haven't used up their allowance).