Betfair s Free Sport Betting Business Model: Unterschied zwischen den Versionen

Version vom 26. Juli 2020, 02:37 Uhr

I've been using Betfair for a long time now yet it's only recently I've wondered the amount can this company actually make? This question is exactly what has compelled me to write this short article. I will not be getting copies of the accounts from companies house, this article will likely be all conjecture based on what I've found while using your website in the past.

What has allowed me to ponder this question will be the transparency within the Betfair site. If you consider traditional bookies for example WilliamHill, Ladbrokes or Betfred, whatever you have no idea on any particular sporting event is exactly what has been bet in whole and on what particular outcome these bets were placed.

Take a normal Friday afternoon race meeting at say Ascot. It's the 2.30 and 5 horses are racing; the punters are logging onto one of several traditional bookmakers websites and backing various horses. The outcome is repeat the second favourite winning, we've got no clue whether individuals were backing the outsider or favourite, simply how much was bet, and what kind of profit the bookmaker made.

Now think about the same race with Betfair. The total amount exchanged with the race is given towards the top of the page, this really is typically about A�200,000 to get a standard horse race. Now we realize that Betfair please take a commission on all winnings, as well as for every bet exchanged there exists a winner, so they're taking their 5% no matter what result - about A�10,000 in this instance.

So now for any quick little 'back of fag packet' maths. Approximately 40 races every day generating A�10,000 are all A�400,000 each day seven days a week, that's 2.8 million pounds per week. Throw inside the bigger meetings which rounds it down to convey 3 million, 5% that is A�150,000.

Now take into account the Premiership football season. At least 12 games a week generating between A�200,000 plus a million pounds in exchanged bets, make average and exercise the 5% commission which's another A�350,000. On top of this there is the lower league and foreign games that have to generate another A�100,000 in commission so we're up to Half a million pounds every week in revenue.

Bear planned that you can (and individuals do) bet on everything, golf, cricket, tennis, boxing, champions league football, International soccer, sboarena as well as gaming. I'm needs to come to the conclusion that they must be pulling in weekly revenue in the millions, and if it's only A�3 million per week, that's over 150 million per year.

I admit to getting not a clue if my workings are drastically wrong here, of course, if Betfair actually has annual revenue of A�1million or A�1billion. Neither do I have a concept of what their attorney's fees, IT costs etc figure to. What I do see is the fact that unlike traditional bookmakers the outcome from a sporting event does not have any relating their revenue.

To this end their main aim must be to just recruit as much customers as possible, which poses the question; with all the numerous online bookies around offering free introductory bets up to along with excess of A�100, then how come Betfair just offer A�30. That is the topic of my next article.