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

Version vom 19. August 2020, 09:47 Uhr

I've been using Betfair for years now but it is only recently I've wondered how much creates this change company can even make? This question is what has compelled me to create this information. I will not be getting copies of their accounts from companies house, the information will likely be all conjecture determined by what I've found by using the 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 such as WilliamHill, Ladbrokes or Betfred, that which you do not know on any particular sporting event is what has been bet in whole 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 on one of many traditional bookmakers websites and backing the different horses. The outcome is say the second favourite winning, we've no clue whether everyone was backing the outsider or favourite, the amount was bet, and what type of conserve the bookmaker made.

Now consider the same race with Betfair. The total amount exchanged with the race emerged towards the top of the page, this is typically about A�200,000 for a standard horse race. Now we all know that Betfair take a commission on all winnings, and then for sbobet every bet exchanged there exists a winner, so they're taking their 5% no matter the result - about A�10,000 in cases like this.

So now for a quick little 'back of fag packet' maths. Approximately 40 races every day generating A�10,000 each are A�400,000 a day 7 days every week, that's 2.8 million pounds every week. Throw inside the bigger meetings knowning that rounds up to express 3 million, 5% ones is A�150,000.

Now think about the Premiership football season. At least 12 games weekly generating between A�200,000 and 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 has to generate another A�100,000 in commission so we're up to Half one million pounds weekly in revenue.

Bear in mind you could (the ones 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 pulling in weekly revenue inside the millions, and when it's only A�3 million a week, that's over 150 million annually.

I admit to having no 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 sense of what their legal fees, IT costs etc amount to. What I do see is that unlike traditional bookmakers the result from a sporting event does not have any touching on their revenue.

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