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

Version vom 12. September 2020, 19:43 Uhr

I've been using Betfair for a long time now yet it's only recently I've wondered simply how much performs this company can even make? This question is the thing that has compelled me to write down this article. I will not receive copies of these accounts from companies house, this article will be all conjecture determined by what I've found while using the website through the years.

What has allowed me to ponder this question may be the transparency inside Betfair site. If you consider traditional bookies including WilliamHill, Ladbrokes or Betfred, that which you have no idea on any particular sporting event is what has become bet in whole and so on what particular outcome these bets were placed.

Take a regular 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 the traditional bookmakers websites and backing the many horses. The outcome is the second favourite winning, we have no clue whether people were backing the outsider or favourite, the amount was bet, and what kind of profit the bookmaker made.

Now look at the same race with Betfair. The total amount exchanged to the race is offered near the top of the page, this really is typically about A�200,000 for a standard horse race. Now we all know that Betfair require a commission on all winnings, and for every bet exchanged you will find there's winner, so they're taking their 5% no matter the result - about A�10,000 in this case.

So now to get a quick little bit of 'back of fag packet' maths. Approximately 40 races per day generating A�10,000 each are A�400,000 a day one week weekly, sbobet that's 2.8 million pounds weekly. Throw inside the bigger meetings understanding that rounds up to state 3 million, 5% of which is A�150,000.

Now take into account the Premiership football season. At least 12 games weekly generating between A�200,000 plus a million pounds in exchanged bets, consider the average and workout the 5% commission and that's another A�350,000. On top of this there is the lower league and foreign games that have to generate another A�100,000 in commission so we're up to Half one million pounds per week in revenue.

Bear at heart that one could (and the ones do) bet on everything, golf, cricket, tennis, boxing, champions league football, International soccer, not forgetting gaming. I'm starting to come to concluding that they must be getting weekly revenue inside millions, of course, if it's only A�3 million per week, that's over 150 million 12 months.

I admit to presenting no clue if my workings are drastically wrong here, and when Betfair actually has annual revenue of A�1million or A�1billion. Neither do I have a perception of what their hips, IT costs etc amount to. What I do see is always that unlike traditional bookmakers the outcome of any sporting event doesn't have any relating their revenue.

To this end their main aim will be to just recruit as many customers as is possible, which poses the question; with all the numerous online bookies out there offering free introductory bets as high as and in more than A�100, then exactly why do Betfair only offer A�30. That may be the topic of my next article.