So as rumoured for a while, Ladbrokes have finally acquired the lemon, sorry, purple-coloured betting exchange, Betdaq. For a mind-boggling €30m as 'initial consideration'. That's an even more ridiculous price than Fernando Torres for £50m, or any English player Liverpool have purchased in recent seasons! As I've written previously there are no logical business reasons for this acquisition. from Nov 29, 2012 The Racing Post reported this week that Ladbrokes are nearing a decision to acquire Betdaq. This baffles me, it really does. Betdaq are a complete and utter lemon. Their only rival in the market has kicked so many own goals over the years with the premium charge, followed by an increase in the premium charge, cost of API and data use, customer service standards which have fallen faster than Facebook share value, site crashes and various other faults. So many pissed off Betfair customers, yet Betdaq are still tailed off with a lap to go. Around the world, Betfair
Sportingbet are a terrible company who deserve no day in court for anything anyone else does.
ReplyDeleteRather sadly, Betfair don't have many marketing scruples are going the same way when it comes to treating all punters fairly without waffling on about advantage players having the audacity to beat the house.
The legislation is unconstitutional, and the govt have relied on Australian bookmakers being too small to contest it in a Federal Court. This case, as a sequel to the Betfair v WA case, has the potential to change the landscape of Australian wagering forever, and for the good of punters.
ReplyDeleteI guess it takes firms with deep pockets to better things for the punter somewhat, admittedly in the pursuit of more profits for deep pockets.
ReplyDeleteI just have a bit of a problem being grateful, when these big firms are allegedly (imo) ripping off the little guy.