Betfair Charges

Most of you must already know the premium charges that Betfair intends to impose in a few days.

I don't know who thought of that idea but for sure will affect a lot of good traders/punters who bring liquidity to the betting exchange. As you know i am one of them and if they take 20% of the profits each week, it minimizes the profit opportunities , therefore i'll have to switch to another betting exchange where there is a user-friendly enviroment.

For those who aren't aware of the changes, Betfair will impose an extra 20% charge per week to those who have benefit from their activities in Betfair. In other words , they impose an extra tax on the capable traders. Ok, for some people 250 bets in any 60 weeks period may seem a lot but in reality, the average trader makes that amount in 4-6 weeks!

I believe that we should raise (on EU) the question of Betfair's betting exchange monopoly. Such acts are against EU's policies . Betfair says that they are bookmakers and not betting exchange but ofcourse this is not the case, since they don't really risk any of their money.

It seems that Betfair's investors want more and more profits but they can't see that in reality they will draw big traders/punters away. Betfair will have to face a crisis similar to the American banks crisis.

In reality, Betfair are us, the big users who bring liquidity. If a good number of such punters abandon Betfair to an alternative betting exchange then there will be troubles in paradise.

But that's what greed brings.

I'll be happy to hear your views on this. Send me an email