Skip to main content

it's Sunday.. time to bring out Betfair float rumours again

Seriously, which part of a newspaper spouts more crap - the front page of a tabloid, the back pages with transfer rumours during the silly season or the financial pages? For the umpteenth time, a Betfair float is 'imminent' according to the Sunday Times. You can head over there to read it if you believe in Rupert Murdoch's pay-per-view business model, or you can just read one of the many reports regurgitating the same thing like this one...

Betfair gambles on £1.5bn flotation

Gaming giant Betfair is set to press ahead with a £1.5 billion stock market flotation, it has been reported.

The online betting exchange is expected to make an announcement on its plans for an initial public offering within a fortnight, according to the Sunday Times newspaper.


This story reeks of a Ronaldo or Fabregas transfer, it just keeps going on and on and the papers just keep speculating. If you keep throwing darts randomly at dates, eventually they might hit it.

If Betfair do go now, then their analysts and board don't have high expectations for the economy over the next couple of years....

UPDATE:

Rumours are very strong according to company insiders, with one former colleague plugging brokers and tax accountants to ex-employees....

Comments

  1. I'm quite interested in what will happen with Betfair's IPO as well. We created a contract at Smarkets so we can have some real money speculation rather than rumours.

    Buy the rumours, sell the news.

    http://smarkets.com/current-affairs/finance/betfair-ipo-2010

    ReplyDelete

Post a Comment

Thanks for your comments, but if you're a spammer, you've just wasted your time - it won't get posted.

Popular posts from this blog

It's all gone Pete Tong at Betfair!

The Christmas Hurdle from Leopardstown, a good Grade 2 race during the holiday period. But now it will go into history as the race which brought Betfair down. Over £21m at odds of 29 available on Voler La Vedette in-running - that's a potential liability of over £500m. You might think that's a bit suspicious, something's fishy, especially with the horse starting at a Betfair SP of 2.96. Well, this wasn't a horse being stopped by a jockey either - the bloody horse won! Look at what was matched at 29. Split that in half and multiply by 28 for the actual liability for the layer(s). (Matched amounts always shown as double the backers' stake, never counts the layers' risk). There's no way a Betfair client would have £600m+ in their account. Maybe £20 or even £50m from the massive syndicates who regard(ed) Betfair as safer than any bank, but not £600m. So the error has to be something technical. However, rumour has it, a helpdesk reply (not gospel, natur

lay the field - my favourite racing strategy

Dabbling with laying the field in-running at various prices today, not just one price, but several in the same race. Got several matched in the previous race at Brighton, then this race came along at Nottingham. Such a long straight at Nottingham makes punters often over-react and think the finish line is closer than it actually is. As you can see by the number of bets matched, there was plenty of volatility in this in-play market. It's rare you'll get a complete wipe-out with one horse getting matched at all levels, but it can happen, so don't give yourself too much risk...

What shits me about match-fixing 'journalism'.

The anti-wagering media bandwagon has dozens of new members this week, all weighing in an industry they have absolutely no idea about. I'm all for getting the betting industry into the mainstream but it shits me no end when they roll out reports and celebrities who simply don't have a clue what they are talking about and don't bother to check basic facts which key arguments in their story. If this was the financial industry, making errors like this would have them in all sorts of trouble, but the same level of regulation doesn't apply because finance stock markets are supposedly all legitimate and serious, whereas sports betting is just a bit of fun for people who can never win in the long-term... according to the media. This week we have seen the sting by the Telegraph which, on the face of it, looks to be a tremendous piece of investigative work into fixing in English football. But the headlines around it are over-sensationalised yet again. Delroy Facey, a former pla