Tag: charges

Betfair premium charge & earnings soar

Betfair premium charge & earnings soar

As we are all aware now, Betfair pleaded poverty and an imbalanced business model again yesterday, when announcing another new charge. This time hitting consistent earners for up to 60% of their profits. We heard the similar stories for data charges, transaction charges and the premium charge part one and all the other various amendments over the years to their charge structure.

This didn’t stop them from announcing record revenue and earnings a few hours later. Earnings per share are …

29/06/2011 | By More
BHA announces serious charges

BHA announces serious charges

Following an investigation into suspicious betting activity on a number of races, the British Horseracing Authority has charged 13 individuals with serious breaches of the Rules of Racing. The allegations focus on horses being laid to lose on betting exchanges in 10 races that took place between 17 January 2009 and 15 August 2009.

Each of the jockeys is additionally charged with a breach of Rule 243 of the old Rules of Racing in that it is alleged they communicated …

20/05/2011 | By More
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