Sunday, 3 July 2011

Betdaq Revolution Update

Thought I would just highlight a comment by David Llada (one of the prominent guys on the Betfair Premium Charge Fiasco group) on a previous post:

By the way, a few of us, affected by this new PC, are going to book a meeting room in a hotel near Heathrow, to talk and discuss about future actions (strike, move to Betdaq...).

Dates to be confirmed. Those of you who want to join, just drop me a mail_ . Soon afterwards, 2 or 3 people (choosen at the meeting) will head to Dublin for a visit to Betdaq headquarters, with our requests and suggestions.

This is what I mean when I talk about being positive and pro-active, rather than just moaning and putting up with things. If you still think this premium charge doesn't affect you, think again. I re-iterate; anyone with aspirations of being successful by even a moderate amount in the long term, IS affected and it begins the very moment you start to make consistent profit.

Besides, it is not just the greed, it's the principle of the matter. We are being unfairly dictated to and having taxes imposed on us by a betting exchange; which is supposed to be there just to facilitate our betting activity, not take away our profit. They already get our commission. If they can change the rules any time they want, without warning, who is to say what they will do next? That is not treating ANY customer correctly. Check out this excellent satire of the whole debacle on Cassini's 'Green All Over' blog, if you need further evidence of how ridiculous this sham is:

Golf Shocker

My biggest worry about all of this right now is that there is no way to use The Geek's Toy on Betdaq. As the only serious free option for most traders, it is going to make it very hard for most of us smaller players to make the move. There may well be other free options available that could be considered, as I've heard there is no chance anytime soon of The Toy becoming available for The Daq. In fact, the more I think about this whole situation, the more I am convinced that it is the big players and those who pay the premium charge already who really need to be making the switch to Betdaq first. Once the big sums are taken out of the market and appear on The Purple Place, the rest of us can follow a bit more safely.

There is a split in the community about whether it's the big players or the small punters who are most needed at Betdaq. I can't answer that but I know one thing for sure; the many thousands of small players are either not earning enough now to care or simply don't have enough money to split their bank between exchanges, maybe buy some new trading software and / or take part in a strike that would much more seriously affect their income than it would someone who earns a high wage on Betunfair. Surely it's a lot easier to plan and extradite the smaller band of premium charge affected customers? Once that liquidity starts to fall at Betunfair and rise on Betdaq, the rest of us can then follow. Anyway, I've said enough on the matter for now. Let's see what happens in the next couple of weeks.


  1. Thank you for the mention. Actually I don't have any other way out rather than being pro-active :-)

  2. That's true ;) I just want to do my bit to help out. I can't do much other than try and spread the word and get others motivated and interested, so will be regularly updating on here.

    Even those people who are not yet affected by the PC can do their bit, even if it's just liking the Facebook page. Good luck with the meeting!

  3. The problem is whilst you're not affected by the PC and whilst Betdaq are still incapable/unwilling to accommodate the majority of punters then hanging around the Betdaq tennis markets is a waste of time and money. Why cut off your nose to spite your face?

    That being said, I would be interested to find out what Betdaq have to say as like everyone else I have a vested interest in a viable option to Betfair eventually becoming available. I just wouldn't hold your breath whilst we wait! :)

  4. Agreed! Although Wimbledon had good liquidity, I had a look at today's games and it confirmed to me that there is no way that any tennis trader can move over to Betdaq yet. As I say, it's up to Betdaq and the big players now.

  5. I can tell you that 3 big guys, the kind of ones that can shake the market in a Wimbledon final, are moving to Betdaq from July 18th in advance. That will be noticed for everyone...

    And according to our estimations, if only 40 of the 70 top guys at Berfair go o strike for a period over 5 or 6 weeks (and they can afford to be on holidays for that period), Betfair could very likely be on loses at the end of the year. not a good thing for a company already struggling in the stock exchange. I'm not even sure if this is a battle I want to win...

  6. Of course it is! I see what you are saying David but Betfair won't just disappear. If this all goes as planned, they will just have to restructure and find new ways to survive. Getting back to the basics of what made them great might just help. Of course, it could be too late for them by then. If that's the case, we'll be at Betdaq anyway, so it won't matter! Then we'll see if they are stupid enough to repeat Betunfair's mistakes ;)


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