Betfair Volume Analysis

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LeTiss
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Depressing reading, but not surprising

If BF have any desire whatsoever of stimulating the exchange, they need to end PC. The problem is, they are so flipping arrogant as a company, they will never do it out of principle
LinusP
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Euler wrote:Greyhounds
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Euler
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Thanks, my error not adding PE and NI
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Euler
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LeTiss 4pm wrote:Depressing reading, but not surprising

If BF have any desire whatsoever of stimulating the exchange, they need to end PC. The problem is, they are so flipping arrogant as a company, they will never do it out of principle
Just reassure yourself that Breon paid himself £11m of our money last year turning Betfair from one of the most loved gambling companies ever created, into one of the most hated. A generation of punters is being encouraged to lose lots of money when a click away they would be so much better off. Nice if you can get away with it, but unlikely to win any awards for morality.
LinusP
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Euler wrote:Thanks, my error not adding PE and NI
I think I remember that PE/NI/IP changed for some sports, when looking at average bet size on greyhound racing you can see a big drop when filtered on 'In Play'.
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Euler
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Since 2012 pre off turnover has fallen from £19.5bn to £16.9bn

Comparisons on individual sports, top ten sports by turnover (pre off) : -

Horse Racing -4% - £10.31bn vs. £9.88bn
Soccer -27% - £5.73bn vs. £4.16bn
Tennis -31% - £1.36bn vs. £0.94bn
Greyhound Racing -10% - £0.72bn vs. £0.65bn
Cricket +57% - £0.37bn vs. £0.58bn
Basketball -48% - £0.22bn vs. £0.11bn
American Football -2% - £0.1bn vs. £0.09bn
Golf -14% - £0.09bn vs. £0.08bn
Australian Rules -39% - £0.07bn vs. £0.04bn
LinusP
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Doesn't really match up with LON:BET....
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Euler
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In-play volumes have risen, thanks fully to Cricket. Where the most volume is on matches played in countries where you can't bet or can't bet inplay :lol:

Soccer -13% - £13.73bn vs. £11.98bn
Tennis -7% - £9.94bn vs. £9.24bn
Cricket 73% - £5.17bn vs. £8.95bn
Horse Racing -5% - £2.63bn vs. £2.49bn
Basketball -16% - £0.7bn vs. £0.59bn
Golf -1% - £0.25bn vs. £0.25bn
Darts -11% - £0.17bn vs. £0.15bn
Snooker -25% - £0.17bn vs. £0.13bn
American Football -8% - £0.15bn vs. £0.14bn
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Euler
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LinusP wrote:Doesn't really match up with LON:BET....
N, well all he has done is transfer low margin business to higher margin business and cut costs. I reckon it would have unravelled in the next 18 months or so, but the merger will hide that now for the foreseeable future.
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LeTiss
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Those Basketball figures don't surprise me at all, Peter

The NBA used to be a superb trade pre-off, it always amzed me at the excellent liquidity on offer

However, it's quite noticeable how that's changed, it really has faded badly
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megarain
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These figs are really interesting - thx for doing the leg-work.

I can understand why crkt numbers would have risen so dramatically, but, would have expected Tennis to be simmilar, as the sports have similar 'in-running' profiles.

Maybe its a result of the Tennis federation clamping down, on courtsiders, whereas the ICC are no so bothered, so long as they dont relay the score.

I would love to see, the amount of commission generated by sport, and, the profits/losses of the top 20 traders, in each sport. I think it would be mind-boggling .. but, somehow doubt, we will ever see it.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

I remember when they brought in the PC charges one of the reasons they touted at the time was the fact some customers were earning more from the exchange than they were. A bit like the NYSE whining the likes of Warren Buffet make money off their backs :)
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LeTiss
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Hugely disappointing figures early doors on the AUS Open Tennis

XM has absolutely ruined some outstanding Tennis trades. When a match was 'IP' you'd quite often see momentary Back books of 92% or lay books of 109% - the Aussie Open was particularly superb for this. I had excel running, and all I did was just manually emptying the status cell after each successful dutching or bookmaking opportunity had been cleaned up

This was until BF stopped people playing with their ball
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Westerner
Posts: 161
Joined: Fri Apr 17, 2009 10:03 am

Superb work Linus - thank you very much for doing this.

It does make you think that Betfair have deliberately gone out of their way to curb the number of transactions/volume traded on their exchange.

I understand that transaction rates had trebled between 2011 and 2014 so demands on their infrastructure were becoming a concern for them.

Would it be ok to share this post on twitter? Just feel more people need to know about the current state of play and the declining volume.

Thanks again.
mcfc1981
Posts: 352
Joined: Tue Oct 27, 2009 11:54 pm

cricket is most likely to have risen due to there now being more cricket on then ever......example being the big bash which only started in 2012
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