Thursday, 30 June 2011

No Alternative?


A promising start on Betdaq and I'm not a big 'fish' by any means. Liquidity was decent and if it gets even better after the 18th July then I'll be very happy.  Why not give it a try?  With no 20% deduction from the Betfair Premium Charge next week, over time it will make a big difference.



6 comments:

Anonymous said...

Hell Mark, In theory you now need to make 17.5% less profits for same nett gain. Is this correct ? If so that's smaller stakes (unless you are going for bigger profits) and less money lying dormant in their account. Is it as simple as 2.5% of profits or is this too good to be true ? Also was there a much longer period waiting for your bet to be matched than you'd expect on BF ?

Mark Iverson said...

Hi anonymous,

I make it 20% not 17.5% which is a big difference.

My current commission rate with Betdaq is 5% though so not as good as 2.5% but this should come down with more use of the site.

Bets did take a little longer to get matched but I am generally a price taker rather than a maker.

All the best,

Mark

Ben said...

That looks good to me.

I guess if you are only backing to lay at some point during an event then Betdaq shouldnt be a problem to use.


Its the horse racing and tennis scalpers that wont be able to move over until liqudity gets better.

Mark Iverson said...

Hi Ben,

I agree that scalping could be more of an issue, but the cost of an odd tick here and there could well be alot less expensive than coughing up 40-60% of your winnings to Betfair at the end of the week.

People just need to do the maths for their own circumstances.

All the best,

Mark

Anonymous said...

I'm the same anoinymous as above.
Regarding 5%, I called them yesterday to reactivate an account I hadn't used in years and when I mentioned Betfair and PC and high commission they immediately offered 2.5%.

Go on, they can only say no, ask them.

Mark Iverson said...

Thanks anonymous - I may well do that ;-)