Betfair's profits rise

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ArberPro
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ArberPro

Betfair's profits rise
« on: November 03, 2014, 06:27:43 PM »

Betfair announced that it had a 22% rise (£119 million) in quarter 2 for 2014 gaming revenues.How is this possible after withdrawing from many markets ? I thought matchbook was gaining ground.

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X_Gambler
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Re: Betfair's profits rise
« Reply #1 on: November 03, 2014, 10:29:44 PM »

According to their ppt due to aggressive marketing campaigns on cash-out and price-rush..

Soon they will add their own cross market bet-matching engine to boost liquidity
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Arbusers
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Re: Betfair's profits rise
« Reply #2 on: November 04, 2014, 08:55:13 AM »

According to their ppt due to aggressive marketing campaigns on cash-out and price-rush..

I was wondering who could believe this!
It is the agents that brings them back the volumes lost.
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djordjeno
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Re: Betfair's profits rise
« Reply #3 on: November 04, 2014, 09:28:03 AM »

According to their ppt due to aggressive marketing campaigns on cash-out and price-rush..

I was wondering who could believe this!
It is the agents that brings them back the volumes lost.

True. I compare previous matched volumes on UEFA Champions leagues matches and nowadays is smaller then few years ago.
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dwaynnyt
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Re: Betfair's profits rise
« Reply #4 on: November 09, 2014, 03:48:20 AM »

I think that's one of the probable reason why there are so big. I mean, they have their ways on getting that much profit despite of the challenges. Maybe we could ask the owners or accountants. :)
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Arbman
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Re: Betfair's profits rise
« Reply #5 on: November 09, 2014, 07:47:26 AM »

Might be due to the introduction of their sportsbook
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Opaque
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Re: Betfair's profits rise
« Reply #6 on: November 12, 2014, 01:20:35 PM »

Might be due to the introduction of their sportsbook

I concur. I think a lot of newcomers give up on the exchange and use the "easier" standard sportsbook.
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