Betfair's share price plummets on poor results

[doris_day]

My own view is that Betfair have made numerous poor decisions over the past few years because of greed. Rather than simply being the world's best sports exchange, they wanted to become the greatest gambling site which covered every form of gambling possible.

They have wasted huge sums on poker and have added a great deal of garbage to their core business which has taken their eye off the ball.

Because they could see a downturn in profits, they then introduced the appalling PC which scared numerous big players away. Its been a downhill spiral since then and its a great shame.

The recession has played its part but if Betfair had been run as an exchange rather than a money machine for the greedy it would have a much brighter outlook.

Personally I think we've seen the best days of Betfair and I think they will struggle in the years to come. Its a great shame and although Ed and Andrew have made their pile, I'm sure they must be sad with the way the company is being run these days.

[six gun]

I thought BF was a private company so would not have a share price.
I doubt BF has seen its best days. The bookies do not match what BF offers. The biggest hit BF is potentially going to have to deal with is a levy which will have to come one day. Traditional bookies have had their day and will have to be content with scratching a profit from 50p each way bets.
The big money is on the exchanges. I don't even bother looking at the poker side of the site. As long a the site continues to offer better prices, good liquidity and the potential to lay bets it will inevitably prosper.

[doris_day]

I thought BF was a private company so would not have a share price.

BET.L is a quoted company.

Looking at another of your replies you may find it advisable to learn a little more before you post.

[Ian]

The difference between traditional UK bookies is much less than it was a few years ago and then you've got the asian books. I'm finding I very rarely bet on football on Betfair any more and using Pinnacle, SBO or 188 who have very low margins.