The betting industry has a poor reputation for rewarding people to lose money. Betting affiliates and various other source refer clients to bookmakers and betting exchanges in order to earn a commission or fee.
You see a lot of betting companies, including Betfair, who just promote anybody if they think it will pull in a punter!
You also have this problem that some affiliate schemes only payout on net losses. This means that affiliates only get paid if you lose. Therefore there is a massive distorted incentive to get people to bet, whether you believe you have a winning bet or not. It really makes no difference to the person promoting the betting system, scheme or site.
In the past, I’ve often been lumped in with this group, which is unfair. My story is very different from most. So I wanted to put that on record so that I have some I can refer to when people try this in the future.
I like to be different and I’m in the position where I can actively make a choice as to whether I do paid work or not. Most fees are pretty small in the scheme of things anyhow. So I actively turn down payment, so that I don’t have a distorted incentive.
But ultimately, it generally doesn’t matter. As the company that has the highest ability to reward me for my work, just chooses not to anyhow!
#Betfair #affiliates #money
Vídeo Completo
2-17: The word "bet!" or gambling and yet, trading financial markets (which can be a mother of a gamble!) has been going on for donkey's years!…
Premium Charge – The penalty deduction for being successful on the exchange instead of taking Betfair's bookmaker price on the sportsbook page.
Awesome, if it works then it is true!
10:16 – When I wake up in the morning, the smell of a bacon sandwich FAR outweighs ANYTHING else on earth! 😉
The only real answer, is several more trading sites….
Not even a bottle of valuable Malt whisky? Good gad man, what ARE you playing at? LOL
2-18: Weird – isn't life itself a gamble?…
Hi Peter, I've built up quite a nice bankroll with matched betting but as you would know, bookies eventually gubb you.. I'm looking to learn trading, I came across you and Caan Berry… what is the dofference between your courses and software? You are both English hehe…. thanks.. and you are true to your word (no affiliate links below) however I think you coukd have one at least linking back to your site 😀 Thanks peter…
Bet Angel is by far the best software out there and its full limitations are beyond what I would ever need.. obviously a combination of a good team with Peter who knows what tools are needed and working requirements, along with a very good developer…A BIG thank you back for a great product Peter…and you should be very proud of what you have achieved over the years…Well Done!!!
I think, personally For all the flow of business, the time you give to the industry in general, the events, talks courses you have done over the years and still do today on here makes you a trading ambassador, I'm sure many of us learning to trade would love to come a small fraction close too your understandings of the markets…sadly most of us wont !!! But, It would be nice if the exchanges could at least waiver your own personal charges..£2k a week, let's face it is a drop in the ocean for these guys.🤔
Hi Peter – I hope you and yours are all well and free from this Covid boll*cks?
I enjoyed your video, but I have to disagree with regard to your receiving funding of any kind!
Over the past few years, I have certainly funded you with my losses! LOL
Hopefully, during the next few months, I can reverse that process a bit and if not, well at least get a few bob back from someone else!
Best wishes as ever
George.
Nice fish in the background. Do u think gambling will still exist in 20 years ? or 50 years ?
how to use the software on macbook
This is so wrong! Your promoting the betfair exchange. Your doing them a service & in return they expect you to pay premium charge!
Peter why did you not call it Trade Angel or approach it in the beginning talking about Trades rather than Bets. Wouldn't this have got you a better response from the people you talked to during the early days. Sometimes I get confused because people talk about trading yet still refer to it as bets…You wouldn't get a forex trader talking about putting on swing bets or describe themselves as a swing bettor. It seems like sports is caught in a quagmire where people cant decided whether to call it trades or bets, trading or betting. Maybe its all because the exchange is called BETfair.
I have been looking into Trading with Betfair / Betdaq to see if there was an option to make some extra money. I have finally come to the conclusion after , watching video's , reading books , YouTube, etc. That its like a pyramid Scheme. The consistent top 5% promote the '' The Golden Egg'' of betting. The 95% fill the bank for the scrupulous Syndicates' , experienced Traders and Connections within the Industry. You only have to look at Mike Rodgers etc , etc.. The liquidity as you call it has dropped out over the years and numerous Betfair traders have also dropped out due to Betfair taking there percentage .I'm sure if i was making thousands on Betfair , Betdaq I wouldn't be wasting my time drumming up new support and giving all my information away. Its like a sea full of Sharks , while there's plenty of Mackerel the feed is good , but when the minnows' say they've had enough of loosing , the Sharks get hungry. As for how much Betfair pay you or not pay who really gives a shit. You have spent 20yrs in this game and the market isn't paying like it used to be honest. We got rid of Betting Tax years ago , now you want people to join Betfair / Betdaq and if you will consistently give the company ( Premium earner roughly 40% – 60% ) . Betfair has been going nearly twenty years and it still hasn't got rid of the Bookies ? .People still want to go to the races. As for '' Bookies closing accounts'' , the only people complaining are the the middle class ,( no offence ) . The conglomerates are trying to force the average punter to go to the exchanges where he doesn't have an advantage , because he doesn't know the systems or too much technology-based.
I've seen your videos 15 years ago betfair left Canada and since I've never found anything better than them.
Nobody asked how much Betfair paid you. Surely you are answering your own question ?
Love your honesty mate! Bet Angel is the best betfair software in the world. A complete game changer.
Have you ever met Black and Wray?
I scalp the futures markets for a living. I can apply my strategy of tape reading to the sports markets. This would be impossible without Bet Angel
Nice try Peter, but everyone knows betfair paid you to make this video.
Peter should be the boss of the Betfair exchange it would be a whole better world . Shame it’s run by idiots
Its just i wanted to put 1500 quid on mohaather and I had to split it into 6 bets
Is there a way of getting big single bets on without the exchanges?
Peter honest intelligent and truthful. Makes money from the markets and wants more participants for us all to be able to perform better. Is Software is miles better than anything else on the market
i trust you 100% ,you were loved by so many of us back then in 1999 when advfn bb was very active with marcus the host was great times ,betfair wasn't even born then.
Well done Peter. A nice bit of honesty and transparency in a sometimes murky industry.
I love your honesty and transparency. Very rare in the betting industry. Thank you 😊