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

Version vom 18. August 2020, 13:28 Uhr

I've been using Betfair for many years now yet it's only recently I've wondered just how much performs this company make? This question is the thing that has compelled me to create this information. I will not receive copies of the accounts from companies house, this article is going to be all conjecture determined by what I've grabbed from using the web page over time.

What has allowed me to ponder this question is the transparency inside the Betfair site. If you consider traditional bookies including WilliamHill, Ladbrokes or Betfred, everything you do not know on any particular sporting event is exactly what continues to be bet altogether and also 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 many traditional bookmakers websites and backing the different horses. The outcome is say the second favourite winning, we now have no idea whether people were backing the outsider or sboarena favourite, how much was bet, and what sort of conserve the bookmaker made.

Now think about the same race with Betfair. The total amount exchanged to the race emerged near the top of the page, this really is typically about A�200,000 for any standard horse race. Now we know that Betfair please take a commission on all winnings, and then for every bet exchanged there exists a winner, so they're taking their 5% whatever the result - about A�10,000 in cases like this.

So now to get a quick bit of 'back of fag packet' maths. Approximately 40 races per day generating A�10,000 are all A�400,000 per day 7 days per week, that's 2.8 million pounds per week. Throw inside the bigger meetings and that rounds it to say 3 million, 5% of which is A�150,000.

Now think about the Premiership football season. At least 12 games every week generating between A�200,000 as well as a million pounds in exchanged bets, take the average and figure out the 5% commission and that's another A�350,000. On top of this there's the lower league and foreign games that has to generate another A�100,000 in commission so we're up to Half a million pounds a week in revenue.

Bear in your mind that one could (and people do) bet on everything, golf, cricket, tennis, boxing, champions league football, International soccer, not forgetting gaming. I'm needs to visit the final outcome that they must be getting weekly revenue inside millions, and when it's only A�3 million weekly, that's over 150 million 12 months.

I admit to getting not a clue if my workings are drastically wrong here, and if Betfair actually has annual revenue of A�1million or A�1billion. Neither do I have a solid idea of what their legal fees, IT costs etc amount to. What I do see is the fact that unlike traditional bookmakers the result of the sporting event doesn't have any effect on their revenue.

To this end their main aim will be to just recruit as numerous customers as is possible, which poses the question; while using numerous online bookies on the market offering free introductory bets up to along with more than A�100, then why do Betfair offer only A�30. That could be the topic of my next article.