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Betfair's profits rise

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ArberPro
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Betfair's profits rise

Mon Nov 03, 2014 6:27 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

Mon Nov 03, 2014 10:29 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

Tue Nov 04, 2014 8:55 am

X_Gambler wrote: 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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Re: Betfair's profits rise

Tue Nov 04, 2014 9:28 am

Arbusers wrote:
X_Gambler wrote: 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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Re: Betfair's profits rise

Sun Nov 09, 2014 3:48 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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Re: Betfair's profits rise

Sun Nov 09, 2014 7:47 am

Might be due to the introduction of their sportsbook
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Re: Betfair's profits rise

Wed Nov 12, 2014 1:20 pm

Arbman wrote: 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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