1% of punters win
 

Supposed to be fact

Hence why I trade - every day, without fail, is a winner. For me it's the only way. For others who can handle losing, but still be ahead in the long run, good on them.

Hence why I find it hard to believe that 25% of Betfair's clients win.

Yeah that has got to be B S.

Maybe not if you consider the 1% is mostly regarded as backers as has always been but with betfair layers and backers can be winning.

Actually that's a good point. Still would seem high. And betfair are only one option people can bet with; those layers are only a portion of that still.

doubt anyone can say with complete accuracy what the true number is, but if it is 1% thats still a hell of a lot better than investing in lotto/keno/pokies & certain football teams & cricket competitions;)

I agree it is **** just a spin from them.

If 1% of backers win, and 1% of layers win, that means that 23% of arbers and traders who ONLY use the exchange, win and I think that's an enormously optimistic statistic. Arbers that use bookies and exchange would be losing on the exchange, therefore, it just doesn't add up.
I know that some backers, layers, and traders win very large sums of money, but certainly not 25% of them. A lot of traders do win, but then get done by a series of bad decisions and chasing, exchange crashes, late scratchings and internet or computer problems.
And let's not forget that most trading is done in play or in running and analysis of in play data just doesn't show that much of an edge unless you're very special at beating the consensus.
I really don't think 25% of people can beat the consensus, I would say that 80% of betfair profits come from 20% of not customers, but winning customers, which again defies their original statistic.

Really who cares?

If its 1% then that's great
If its 99% then that's great.

I only care that I win or lose overall.

With today's technology it would be very easy to provide accurate numbers, but it's not in the interest of the corporates or the TAB.

Let's forget what the winning (%'S) may be.

I'm more interested in the criteria used.

A-Length of time winning.

B Amounts won .

This is what defines a winning or losing punter.

Once the criteria has been set then I'm interested.

Cheers.

Very true, I just don't believe their figures, and if their figures are incorrect, what other spin is going on?

garyf, it was over a long time, similar to running your own business and making a profit year on year and it was mentioned that you need a bank of $2mil to have a chance of making 100k to 200k. Just reporting what was on radio. I thought the 1% was interesting.

Fair enough like that.

I just wondered what criteria say Betfair would class,
Successful punters as being, compared to say Sportsbet,
Or then say any T.A.B not fixed odds.

But if that's the criteria no wonder it's only 1%.

That clears it up.

Cheers.
Garyf.