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

Version vom 29. August 2020, 04:09 Uhr

I've been using Betfair for sboarena a long time now but it's only recently I've wondered just how much can this company make? This question 's what has compelled me to write this informative article. I will not be getting copies of their accounts from companies house, this article will probably be all conjecture based on what I've acquired by using the website over the years.

What has allowed me to ponder this question will be the transparency inside the Betfair site. If you consider traditional bookies such as WilliamHill, Ladbrokes or Betfred, whatever you don't know on any particular sporting event is what has become bet as a whole and 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 on to one of several traditional bookmakers websites and backing various horses. The outcome is the second favourite winning, we now have not a clue whether people were backing the outsider or favourite, the amount was bet, and what are the conserve the bookmaker made.

Now look at the same race with Betfair. The total amount exchanged to the race emerged near the top of the page, this is typically about A�200,000 for the standard horse race. Now we all know that Betfair require 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 this case.

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

Now consider the Premiership football season. At least 12 games every week generating between A�200,000 along with a million pounds in exchanged bets, consider the average and workout the 5% commission which'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 at heart that you can (and individuals do) bet on everything, golf, cricket, tennis, boxing, champions league football, International soccer, not forgetting gaming. I'm beginning to visit the final outcome that they must be attracting weekly revenue in the millions, and if it's only A�3 million every week, that's over 150 million a year.

I admit to using 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 perception of what their legal fees, IT costs etc amount to. What I do see is always that unlike traditional bookmakers the end result of the sporting event has no relating their revenue.

To this end their main aim is always to just recruit as many customers as you possibly can, which poses the question; while using numerous online bookies out there offering free introductory bets all the way to as well as in more than A�100, then why do Betfair just offer A�30. That may be the topic of my next article.