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

Version vom 7. August 2020, 16:04 Uhr

I've been using Betfair for many years now but it is only recently I've wondered the amount creates this change company can certainly make? This question is exactly what has compelled me to write this short article. I will not get copies of the accounts from companies house, the content will likely be all conjecture according to what I've acquired by using your website over the years.

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

Take a consistent Friday afternoon race meeting at say Ascot. It's the 2.30 and 5 horses are racing; the punters are logging to one of several traditional bookmakers websites and backing the different horses. The outcome is the second favourite winning, we've got no clue whether people were backing the outsider or favourite, the amount was bet, and what kind of assist the bookmaker made.

Now take into account the same race with Betfair. The total amount exchanged to the race is given at the top of the page, this can be typically about A�200,000 for sboarena the standard horse race. Now we all know that Betfair require a commission on all winnings, and then for every bet exchanged you will find there's winner, so they're taking their 5% regardless of the result - about A�10,000 in cases like this.

So now to get a quick little 'back of fag packet' maths. Approximately 40 races per day generating A�10,000 each is A�400,000 every day 1 week per week, that's 2.8 million pounds every week. Throw inside bigger meetings knowning that rounds it to state 3 million, 5% of which is A�150,000.

Now look at the Premiership football season. At least 12 games weekly generating between A�200,000 as well as a million pounds in exchanged bets, make average and work out the 5% commission understanding that'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 one million pounds weekly in revenue.

Bear in mind that one could (and individuals do) bet on everything, golf, cricket, tennis, boxing, champions league football, International soccer, not to mention gaming. I'm needs to come to the conclusion that they must be pulling in weekly revenue inside millions, if it's only A�3 million per week, that's over 150 million annually.

I admit to getting no idea 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 total. What I do see is unlike traditional bookmakers the end result associated with a sporting event does not have any bearing on their revenue.

To this end their main aim is always to just recruit numerous customers as you can, which poses the question; with the numerous online bookies on the market offering free introductory bets as high as plus excess of A�100, then how come Betfair offer only A�30. That may be the topic of my next article.