 |
|
08-26-2010, 08:41 PM
|
#46
|
|
Veteran
Join Date: Apr 2009
Posts: 9,908
|
Quote:
|
Originally Posted by jballscalls
GM's decision
|
Wow. Good for him.
What's the deal up there for satellite wagering. Isn't there a 5% charge at the different locations?
Last edited by andymays; 08-26-2010 at 08:42 PM.
|
|
|
|
08-26-2010, 08:51 PM
|
#47
|
|
Registered User
Join Date: Apr 2006
Posts: 3,630
|
Quote:
|
Originally Posted by andymays
Wow. Good for him.
What's the deal up there for satellite wagering. Isn't there a 5% charge at the different locations?
|
yeah, $2.10 for every two dollar wager. most ridiculous thing in the history of the world
|
|
|
|
|
08-26-2010, 08:53 PM
|
#48
|
|
Veteran
Join Date: Apr 2009
Posts: 9,908
|
Quote:
|
Originally Posted by jballscalls
yeah, $2.10 for every two dollar wager. most ridiculous thing in the history of the world
|
I drove to Seattle once and stopped at the Lava Bowl in Medford Oregon.
They still get people to play there. Even with the 5%. I guess the businesses that have the wagering do well with it.
|
|
|
|
|
08-26-2010, 10:30 PM
|
#49
|
|
Registered User
Join Date: Jan 2008
Location: Sioux Falls, SD
Posts: 1,028
|
Quote:
|
Originally Posted by elhelmete
Casinos should do this too. Every slot/vid poker machine should show the rake off of natural odds payoffs, and signs should be posted near the table games. 
I actually think racetracks would be more likely to do that than any casino in the USA. |
They actually do this with most slots. They'll have signs saying, "95% returned!!!" and that kind of thing. Instead of showing it as how much they take out, they show it as how much they give back. Pretty smart.
|
|
|
|
|
08-26-2010, 11:50 PM
|
#50
|
|
Registered User
Join Date: Apr 2006
Posts: 3,630
|
Quote:
|
Originally Posted by andymays
I drove to Seattle once and stopped at the Lava Bowl in Medford Oregon.
They still get people to play there. Even with the 5%. I guess the businesses that have the wagering do well with it.
|
Lava Lanes always draws a decent crowd there. i'd say they average about 7k a day in handle, sometimes as much as 18 or 20, sometimes as little as 4k.
|
|
|
|
|
08-27-2010, 01:39 PM
|
#51
|
|
Registered User
Join Date: Jan 2009
Posts: 1,738
|
Can you imagine if every winning bet shown on screens once a race goes official was the pre-takeout price? Then when you go cash a winner, it prints out (or the teller gives you the cash with a 'receipt') the winnings after the rake.
|
|
|
|
|
08-27-2010, 01:53 PM
|
#52
|
|
Screw PC
Join Date: Jun 2003
Posts: 15,728
|
Quote:
|
Originally Posted by elhelmete
Can you imagine if every winning bet shown on screens once a race goes official was the pre-takeout price? Then when you go cash a winner, it prints out (or the teller gives you the cash with a 'receipt') the winnings after the rake.
|
Oh, ya, just like your trades -- you see the break out of the market price for the transaction then what are the brokerage fees then the net cost/procedings.
__________________
Truth sounds like hate to those who hate truth.
|
|
|
|
|
08-27-2010, 02:23 PM
|
#53
|
|
Registered User
Join Date: Feb 2007
Location: Gods County, United Kingdom
Posts: 3,533
|
Quote:
|
Originally Posted by InsideThePylons-MW
They still charge 25 cents per bet up to a max 19.95 per month.
Betfair is always looking out for the bettor......yeah right!
|
No charge per bet like above over this side of pond by Betfair or any other betting service provider. So one can only presume there are no real objections from the Horseplayers of America to these charges.
Last edited by Charlie D; 08-27-2010 at 02:33 PM.
|
|
|
|
|
08-27-2010, 02:52 PM
|
#54
|
|
Registered User
Join Date: Mar 2003
Posts: 1,572
|
Quote:
|
Originally Posted by Charlie D
No charge per bet like above over this side of pond by Betfair or any other betting service provider. So one can only presume there are no real objections from the Horseplayers of America to these charges.
|
TVG/Betfair prides itself on bringing new people into the market.
Let's see.....
A newbie make a $2 place bet at Yavapai on Tuesday, wins and gets back $2.20.
He paid $2.25 to make tha bet and got back $2.20.
So takeout on the bet is 20%, he pays 25 cents to make the bet and factor in possible breakage......
The newbies takeout rate is possibly higher than 40% for that place bet in which he won and lost money.
|
|
|
|
|
08-27-2010, 03:12 PM
|
#55
|
|
Registered User
Join Date: Feb 2007
Location: Gods County, United Kingdom
Posts: 3,533
|
Yep!! ITP
The US side of Betfair thinking seems totally opposite or at odds to the Euro side thinking and it makes it very  tbh.
Last edited by Charlie D; 08-27-2010 at 03:23 PM.
|
|
|
|
|
08-27-2010, 03:27 PM
|
#56
|
|
Registered User
Join Date: Jan 2009
Posts: 1,738
|
Quote:
|
Originally Posted by Charli125
They actually do this with most slots. They'll have signs saying, "95% returned!!!" and that kind of thing. Instead of showing it as how much they take out, they show it as how much they give back. Pretty smart.
|
They do, except to the best of my knowledge, the 95% (or whatever % they tout) is sort of a blended rate among all their slots, some very tight, some very loose. And they hide the loose ones! 
|
|
|
|
|
08-28-2010, 02:03 PM
|
#57
|
|
Registered User
Join Date: Mar 2003
Location: Dover, New Jersey
Posts: 124
|
good lord lots of misinformation on this thread. The PC (premium charge) is not for all winning bettors. it is for bot players who squeeze out a profit arbing the Betfair system.
regular bettors are not effected by the PC. Only very active traders (mostly who use bots to get the ineffenicies in the market).
Jeez at least get the facts straight before posting.
Allan
__________________
Clockeral (aka Allan)
|
|
|
|
|
08-28-2010, 02:46 PM
|
#58
|
|
Veteran
Join Date: May 2002
Posts: 444
|
Quote:
|
The premium charge at BF is understood by people who play there. It is a charge against the betting bots who try and sneak in under large bids and trade the markets, not adding much to the customer experience who bet long or short on horses. They want people who take a stand to have a shot, and the bots to pay up if they are going to screw up markets.
|
100% false.
Following in Burns footsteps now with the strawmen of the people who play there understand? Like Burns everyone understands we need higher takeout.
They have separate pricing for bots as well:excessive refreshing fees.
That is for the the bots.
Even more stealth fees, does the US tote charge large automated players more? I don't think so, in fact I believe the guys in Chicago pay less than everyone but three people maybe.
The premium fee effects anyone who is a profitable consistent efficient winner.
It is the BF way of saying you have not paid enough to attract the losers money you just took.
or are we supposed to believe that only 1/2 of 1% of betfair's business is from bots because afterall that is all it effects and is likewise ludicrous beyond comprehension.
you people should be paid by them to spread this repeated garbage.
Last edited by Foolish Pleasure; 08-28-2010 at 02:56 PM.
|
|
|
|
|
08-28-2010, 02:58 PM
|
#59
|
|
Veteran
Join Date: May 2002
Posts: 444
|
Quote:
Only very active traders (mostly who use bots to get the ineffenicies in the market).
Jeez at least get the facts straight before posting.
Allan
|
Incredibly inaccurate.
Very active traders DON'T PAY THE FEE. They churn enough to satisfy Betfair's craving for money,
it is people who don't churn a lot of money and are efficient at winning.
IOW anything but what you just posted.
Yea Betfair players know all right.
Last edited by Foolish Pleasure; 08-28-2010 at 03:04 PM.
|
|
|
|
|
08-28-2010, 06:00 PM
|
#60
|
|
Veteran
Join Date: Oct 2009
Posts: 25,607
|
Quote:
|
Originally Posted by DJofSD
Oh, ya, just like your trades -- you see the break out of the market price for the transaction then what are the brokerage fees then the net cost/procedings.
|
THere would be a lot less fans/bettors in the USA if they did show you the pre-takeout price.
lots of People don't realize how much money the racing industry is taking from them per bet.
|
|
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
|
