Betting Exchanges , be careful what you wish for

[Boscar Obarra]

magicnight Wrote:
-------------------------------------------------------
>
> I\'d bet that when a pro like Bobby Riggs tanked
> his match against Billie Jean King he made sure
> that only a small, select circle knew what was up
> ... and that they didn\'t call attention to
> themselves by betting ridiculous piles of cash all
> at once.


 Are you saying the match was Rigg(ed)?

[Boscar Obarra]

Betfair story getting sicker by the day.

 CEO quits, and they today levied a huge surcharge on their biggest bettors/winners.  Apparently , there a a few hundred whales/computer traders  pillaging the pools, and Betfair wants more of the \'profit\' for the service of offering up so many suckers.

http://www.racingpost.com/news/horse-racing/betfair-to-increase-charges-on-big-hitters/877670/top/

 Not going the right way, and the stock is trashed.

[TGJB]

First of all, they say they are doing it to help the smaller (losing) bettors, but those bettors as far as I can tell are going to get none of the surcharge.

Second of all, it\'s a terrible business decision. It makes it easier for someone to compete with them by charging less and taking away their best customers.