The talk of new charges doesnt look like its coming to anything....
Posted by Betfair's 'Community Manager' in response to the email someone had received about betfair looking at their pricing structure
"Hello all
Thanks for flagging this, and apologies that you received a reply that was erroneous.
I've had a message from the team that looks after this area, and they have asked me to pass on to you that you have received an 'auto reply' that was set up in 2008 and for some reason was loaded again recently in error.
Thanks to you highlighting it, we have been able to correct things and make sure that the auto reply e-mail is the current one, and not one that is nearing its third birthday!
So apologies and thanks again!"
Betfair set float price
It's not all bad with betfair, they were clearly overpriced to begin with anyway so big falls like this are just natural. They might not be able to push a great deal of growth in the company but there's nothing to suggest it's actually in decline, racing volumes aside
I disagreehgodden wrote:It's not all bad with betfair, they were clearly overpriced to begin with anyway so big falls like this are just natural. They might not be able to push a great deal of growth in the company but there's nothing to suggest it's actually in decline, racing volumes aside
They are not growing, that's fair enough.
Unfortunately, they refused to accept limited growth for period of time and have decided to cane their customers for extra money
They are in a service industry, and their customer service standards are grotesque. At some stage this will come back to haunt them
This is why I think Betfair's future is not at all rosy
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Fall of 34.5p today (3.83%) now only 865.50p 
Not a clue what caused today's fall but it is a fairly big drop...anyone know?
Now down over 33% since floatation - ouch.
Not a clue what caused today's fall but it is a fairly big drop...anyone know?
Now down over 33% since floatation - ouch.
Hi Folks
Sounds like Poetic Justice to me
http://www.livecharts.co.uk/share_price ... symbol-BET
If they drop another 20% that will be the Share Price it is worth.
Massively over valued in the first place
Maybe they should put their customers first for a change
Dobbin
Sounds like Poetic Justice to me
http://www.livecharts.co.uk/share_price ... symbol-BET
If they drop another 20% that will be the Share Price it is worth.
Massively over valued in the first place
Maybe they should put their customers first for a change
Dobbin
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Just seen on Scott Ferguson's twitter feed that another Betfair ad has fallen foul of the ASA - probably part of the reason for the share price falling.
I agree that it still has some way to go though profits should be up this year due to the huge amounts of extra money the Cross Matching will be bringing in.
But there is only so much surely that they can keep taking from the customers, it isn't really a true new revenue area.
I agree that it still has some way to go though profits should be up this year due to the huge amounts of extra money the Cross Matching will be bringing in.
But there is only so much surely that they can keep taking from the customers, it isn't really a true new revenue area.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
"For the second time this month, the UK Advertising Standards Authority (ASA) has upheld a number of complaints against an advertisement from leading online betting exchange Betfair, this time concerning a promotion which was found to have not been administered fairly.
After having one of its TV ads banned earlier this month by the ASA, this time the complaints surrounded an email and website promotion by Betfair."
Source: http://www.gamingintelligence.com/marke ... this-month
"Betfair received 10 complaints in total following an email detailing its ‘Happy Hour’ promotion and a 50% reload bonus advertised on its website. Two players complained after their happy hour bonuses were removed, while seven more had a similar complaint with regard to the reload bonus, and one was instructed to credit his account after taking advantage of the latter"
Source: http://www.egrmagazine.com/news/879747/ ... ults.thtml
Seems people are finding their voice....
After having one of its TV ads banned earlier this month by the ASA, this time the complaints surrounded an email and website promotion by Betfair."
Source: http://www.gamingintelligence.com/marke ... this-month
"Betfair received 10 complaints in total following an email detailing its ‘Happy Hour’ promotion and a 50% reload bonus advertised on its website. Two players complained after their happy hour bonuses were removed, while seven more had a similar complaint with regard to the reload bonus, and one was instructed to credit his account after taking advantage of the latter"
Source: http://www.egrmagazine.com/news/879747/ ... ults.thtml
Seems people are finding their voice....
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mulberryhawk
- Posts: 165
- Joined: Thu Oct 29, 2009 12:37 am
They are on CMC markets spread betting platform as of today I noticed.
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Still dropping like a stone - new low and can't be long until it falls below 800p. Currently 812p
Interesting - I wonder what's causing the fall...
Perhaps the market realise that, following recent legislation, Betfair aren't going to get a foothold in the US for years and years (if ever), and that's the only market that would offer the chance of significant expansion. Also, until there's an improvement in the economic situation in this country, Betfair's revenues can only go in direction...
Jeff
Perhaps the market realise that, following recent legislation, Betfair aren't going to get a foothold in the US for years and years (if ever), and that's the only market that would offer the chance of significant expansion. Also, until there's an improvement in the economic situation in this country, Betfair's revenues can only go in direction...
Jeff
andyfuller wrote:Still dropping like a stone - new low and can't be long until it falls below 800p. Currently 812p