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BET Betfair Grp

4,420.00
0.00 (0.00%)
02 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Betfair Grp LSE:BET London Ordinary Share GB00BSPL1J93 ORD 0.095P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 4,420.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 4,420.00 GBX

Betfair Grp (BET) Latest News

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Betfair Grp (BET) Discussions and Chat

Betfair Grp Forums and Chat

Date Time Title Posts
05/5/202219:42THE BETTIN HUT25
12/11/201512:41BETFAIR - new listing : maybe just for gamblers ?389
27/10/201512:39Social Networks - Sports Punters3
17/2/201501:36Bot4us Betfair Betting Bot3
27/11/201211:40Gambling Thread-

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Betfair Grp (BET) Top Chat Posts

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Posted at 17/12/2021 16:23 by the white house
Added here at 10.03 One way bet, just need spac to get sorted & markets to settle. BetWay itself continues to ramp up numbers and huge levels of ads worldwide building name v nicely
Posted at 11/11/2021 16:05 by the white house
The online app has superb interface and, of the 16 I have, is well in the top 5 with speed, variety and capability all ahead of done more known playersPrice was stuck at the 10 bucks for ages, then jumped a buck and now moving today
Posted at 11/11/2021 15:40 by the white house
Like Doctor Who, this bet thread has now morphed into the new BetWay thread SPAC being lined up in the US either Sports Entertainment Acquisition Corp SEAC or SEAH according to where you look
Posted at 27/10/2015 10:06 by 11023154
Anyone having a bet on the capital cup this eve? some people on betfect.com got some good shouts.
Posted at 16/1/2015 09:52 by iankn73
Hi

In anticipation of the launch of our Betfair approved Bot4Us Betting Bot, we have updated the Bot4us Configuration Utility which includes all 79 of our UK and Irish horse racing betting systems for the back, lay and back place markets.

Within the Bot4us configuration utility you will be able to create your own portfolio of micro betting systems to use with your Betfair account. As soon as the Betting Bot is launched you will then be able to auto bet selections from those micro portfolios by using the Bot4us Betting Bot in auto-pilot.

The Bot4us configuration utility will come pre-loaded with 6 default portfolios to help get you started.

Each system within the configuration utility includes a raft of statistics for each system including ROI (return on investment), drawdown, system profit and loss, system highs and lows, as well as many more.

We will advise on pricing and launch date as soon as the Bot is officially approved by Betfair.

In the meantime you can download and run the FREE Bot4us configuration utility from here:

hxxp://www.acebots.co.uk/forum/showthread.php?2617-Bot4us-Beta-Systems-viewer&p=61351#post61351

You just need to register with the forum initially, and from there you can proceed to download the program. There is a Youtube guide within the forum that will advise you on how to use the program.

Important: In order to use our Automated Betting Bot. You will need to open a Betfair account.

hxxp://ads.betfair.com/redirect.aspx?pid=61520&bid=1861

Here are the 17 system portfolio results for 2009 till present.



17 Portfolio Sys results 2014



17 Portfolio Sys results 2013



17 Portfolio Sys results 2012



Thanks
Posted at 12/1/2015 15:13 by jeffcranbounre
Betfair is featured into today's ADFVN podcast.

To listen to the podcast click here>

In today's podcast:

- Technical Analyst Nicola Duke will be chatting and charting, Anite, Big Yellow Group, ITE, Union Jack Oil, Afren. Nicola on Twitter is @NicTrades

- And the micro and macro news including:

Quindell #QPP
Afren #AFR
Shire #SHP
ITV #ITV
Taylor Wimpey #TW.
Big Yellow Group #BYG
ITE #ITE
Union Jack Oil #UJO
Anite #AIE
Unite Group #UTG
Pace #PIC
Royal Mail #RMG
Prudential #PRU
Hikma Pharmaceuticals #HIK
AO World #AO.
Betfair #BET
Sound Oil #SOU
Advanced Oncotherapy #AVO
International Airlines Group #IAG
Afren #AFR
Ophir Energy #OPHR
Premier Farnell #PFL
New River Retail #NRR
Victrex #VCT
Catlin Group #CGL

Every Tuesday is Ten Bagger Tuesday on the podcast. If you know of a stock, whose share price has the potential to increase ten fold, just click the link below.



(All it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

Once a week, on a Friday, I feature a tip from a listener to this podcast, if you'd like to suggest a stock click the link below:



(Again all it involves is filling out a form that will take you around 5 minutes and you don't personally appear on the podcast).

You can subscribe to this podcast in iTunes by clicking

To follow me on Twitter click

As a listener to the ADVFN podcast you can take advantage of some exclusive first year discounts on popular subscriptions:

Bronze - £50 (normally £73.82/year)
Silver - £145 (normally £173.71/year)
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Call 0207 0700 961 and ask for the ADVFN Podcast discount to take advantage of these reduced rates or just for more information.

Please DO NOT buy any stock recommended in this podcast basely solely on what you hear. The opinions in this podcasts are just that, opinions. Please do you own research before investing.

Justin

 

 
Posted at 12/11/2014 23:18 by merism
The share price is having a Price Rush!
Posted at 14/8/2014 15:03 by mechanical trader
BET Betfair

14 Aug Jefferies International Buy 1,097.50 1,175.00 1,230.00 Retains

SP Target 1230p
Posted at 15/4/2013 10:01 by corus3
Possible bid lifts Betfair shares

By BFN News | 10:40 AM | Monday 15 April, 2013

Factsheet Betfair Group PLCOrd 0.1P (BET)


Shares in Betfair, the online betting company, jumped over 12% to 785p in early trading in London. This was after CVC Capital Partners said that it has had preliminary discussions about making an offer to takeover Betfair. After some profit taking the shares dropped back by mid morning to 772p, a rise of 72.5p, which was more than 10% higher than Friday's close. At 10:40am: (LON:BET) betinternet.com share price was +72.5p at 772p Story provided by StockMarketWire.com
Posted at 24/10/2010 16:03 by spob
Betfair claims technological high ground
By Mary Watkins

FT

Published: October 22 2010 02:41 | Last updated: October 22 2010 02:41


Technology enables Betfair to offer 'in-running, inplay' betting as sporting events actually unfold

As Betfair prepares for its shares to start trading in London on Friday, many in the technology sector will be hoping that the company has a smooth ride.

The flotation of a stake in the world's largest betting exchange, which will value Betfair at more than £1.3bn ($2.04bn), is being seen as a key test for UK initial public offerings in a year when market volatility has sapped confidence and caused some listings to be shelved.

EDITOR'S CHOICE
Betfair eyes £225m listing size raised 50% - Oct-19.Betfair bankers say IPO is covered - Oct-08.Betfair sets wide price range for flotation - Oct-07.Betfair backers decide to cash in chips - Sep-21.Betfair targets £1bn flotation - Sep-21.Betfair eyes £1.5bn autumn IPO - Jul-16..Recent technology listings have performed poorly: technology bankers say they are looking for fair pricing and a solid debut from Betfair to help reopen the pipeline of IPOs.

Often billed as a straight gambling business, Betfair highlights how the lines between what is a technology group and what is not are increasingly blurring.

Traditional businesses are moving online while others see the internet as the opportunity to do something that would not have been possible previously.

Founded 10 years ago by Andrew Black, a one-time professional gambler and former contract programmer at GCHQ, and ex-JPMorgan derivatives trader Edward Wray, Betfair has taken a different route from other gaming groups.

Bankers confident IPO will be priced towards top end of range

Bankers spent Thursday evening pricing Betfair's long-awaited initial public offering, one of the biggest companies to list in the UK since Ocado, write Anousha Sakouiand Roger Blitz.

The UK market has been a difficult one for companies trying to list this year, as choppy conditions and investor scepticism forced some to pull their IPOs. The betting company had the advantage of only needing to list 10 per cent of its stock to meet listing rules.

Betfair hoped that would build demand for its fundraising, which is set to collect up to £234m for selling shareholders. It will value the company at about £1.35bn.

On Thursday, banks managing the sale indicated to investors that the new shares would be priced between £12.50 and £13 each, at the higher end of a pricing range of £11 to £14.

They were even able to increase the share sale to more than 15 per cent of the company's stock.

Betfair's group earnings before interest, tax, depreciation and amortisation is forecast to be £99.2m for the next financial year, when Betfair's Australian business and LMAX, its online financial trading platform, are expected to break even, according to research by Goldman Sachs. That would give Betfair an earnings multiple of 14 times if pricing comes at £13 a share.

For the end of this financial year, Goldman is forecasting group ebitda of £62.9m.

Based on its core betting exchange business alone, a pricing of £13 a share would imply an earnings multiple of about 11 times.

Betfair's strong growth and leading technology, which creates barriers to entry, put it at a premium to other betting companies such as PartyGaming and Bwin. Bankers working on the deal said the group was being priced more in line with tech companies.

Goldman Sachs and Morgan Stanley are joint bookrunners for Betfair, while Barclays Capital and Numis are co-lead managers.
..Rather than taking the role of a bookmaker, the site simply connects customers wanting to make a bet. The odds are dictated by the customers themselves.

"Conceptually it's like a stock exchange," says Philip Carnelley, research director at TechMarketView.

Betfair does not bear the risk of the bet. It connects punters to each other and then pays out winnings rather than offering odds that it stands to win or lose. It makes its money by taking a commission on any winnings of between 3 and 5 per cent. A small percentage of consistent winners pay a "premium rate".

Although sales in the year to April 30 2010 improved 13 per cent to £341m, pre-tax profit dropped from £47.5m to £17.8m as Betfair spent more on marketing and invested heavily in technology.

"You could not do what we do without the internet," says Tony McAlister, chief technology officer at Betfair.

"We've created an electronic trading floor that is more similar to Nasdaq."

He says the site, which has 3m users, makes 1,000 bets a second and completes 5m transactions a day.

Because of the increasing complexity of online betting, gaming companies have been early adopters of new technology, often employing experienced teams to drive their technology forward.

Of the 2,000 people working at Betfair, 600 are IT engineers. The company has spent £300m on its IT platform since it launched 10 years ago. It recently embarked on a major revamp of its technology, allowing it to improve speed and prevent downtime during the football World Cup.

"What is clear is that volumes and trading activity within betting companies is starting to mirror what happens in the City. It's getting more and more complex from a technology point of view," says David Loveday, chief executive of OpenBet, a betting software supplier.

As online gaming has grown, the types of bets have also become much more complex, moving from straight wagers on the outcome of a football match or a horserace to more exotic possibilities.

Darren Hudson, chief technology officer at betting software provider Push Technology, says more companies are offering "in-running, in-play" betting, where punters can bet on the next penalty or corner while a game is playing. This makes website speed and latency critical issues.

"Matching has to be lightning quick," says Mr Hudson. "As we move forward with the technology, gambling companies can't afford to have any down time."

Betfair's success has earned it some critics, not least from traditional bookmakers and gaming bloggers.

Some claim that the exchange system allows professional gamblers or even bookmakers to take advantage of smaller players – a claim that Betfair rejects.

"The only way to ensure a bet is matched on Betfair is by offering best price," Betfair says. "That applies equally to the big and small players.

"On an exchange model, customers are offered prices in an open market which makes it all but impossible to build in a profit margin. Therefore, compared with betting with traditional bookmakers, Betfair customers generally get better odds."

Others have questioned the role of a group of companies that use advanced software to create markets on Betfair where they see opportunities.

For example, Betting Promotion, a Sweden-listed trading company that acts on the sports betting market, said in 2008 that it had signed an agreement with Betfair "to provide liquidity on a large number of markets".

Betting Promotion says on its website that it always acts on its own book. It declined to comment.

Betfair says it does not employ any of these companies but as an open market it attracts a range of customers, which helps add liquidity to the system.

No single customer accounts for more than 1 per cent of revenue.

In its IPO prospectus, Betfair says that much of the success of the product is dependent on Betfair maintaining high levels of liquidity, a significant proportion of which is generated by Betfair's sophisticated and high-spending "Heartland Customers".

Others query the company's growth potential. UK-listed gaming groups have in the past fallen foul of changes in regulation, forcing a number to move their domicile overseas.

The company is, however, preparing to open a data centre to house its servers in Dublin, a move that Betfair admits would give it the flexibility to move abroad should regulations turn against it.

Betfair insists that it has no plans to leave the UK at the moment.

In the meantime, those managing the float will be hoping that the Betfair brand, along with the limited supply of shares, will lift the stock on the first day of trading.

No new shares are being issued as part of the float, with all of those being made available coming from existing investors.

Strong demand for the shares has already allowed more shareholders to sell out than first expected.

When the shares start trading, more than 15 per cent of the company's share capital will be sold, suggesting that investors are impressed enough by the group's "disruptive technology" to take a punt.

Additional reporting by Roger Blitz, Anousha Sakoui and Neil Hume
Betfair Grp share price data is direct from the London Stock Exchange

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