Two headlines:
One, "Handle off nearly $1-billion through July of ’09".
Two, Betfair set for float after profits shoot up 29%.
Two quotes:
One, "Maybe we can grind out a few dollars in these tough times." - Dennis Smoter, VP of the Maryland Jockey Club, earlier this year when raising takeout.
Two, "We know that the least valuable customers are the ones who lose all their money quickly. They go away and never come back. So, we are happy to take less off our customers per bet." Betfair, 2008 Annual Report
Most Trafficked, Last 12 Months
-
I continue to be fascinated with both the press and general football fan reaction to the Bill Belichick 4th down decision in Sunday's ga...
-
Last night's Uncle Bill twitter spaces, where TVG's Fanduel's Mike Joyce joined some raucous horseplayers was, well, kind of in...
-
This past weekend's racing proves to me that this game, although, yes, with less public money, with the teams, with the sharps (which no... -
Welcome to the 8th edition of the Monday Super Spectacular Blog! It was Preakness week and frankly instead of a horse racing pool, next yea... -
I was outside awhile back and noticed some kids playing with the pigskin. They flipped me the ball and I sent one kid on a fly pattern. I ga...
-
Welcome to the fourth edition of the Super Spectacular Blog . I truly appreciate those of you who read this each week. Even when I weed out ... -
Welcome again to the Super Spectacular Blog! Thank you, as always, for reading and supporting our many advertisers. And to the Russian bots... -
Last week's inaugural Super Spectacular Monday Blog got a lot of hits, and not just from Russian bots (although cпасибо to all Russian r...
4 comments:
Love those quotes.
As I understand it, Maryland racing is on its deathbed and Betfair is expanding and prospering.
Those quotes are provide clear and concise explanations of why! Thanks for showing them.
Shortest post I read today anywhere............ but the one with the most meaning.
I certainly am not disputing the problems being encountered in North America and the economy has certainly be hurt worldwide, but in fairness I must point out you are comparing gambling revenue in North America versus Europe and Asia.
there's little difference Pacingguy apart from the way the problem is tackled. North America is stuck with a system that is outdated and getting worse because it is privatised and divided. What it desperately needs is some modern, innovative thinking. The Betfair quote about who the valuable customers are should be the underlying principle of every wagering company - if you charge too much, then you have to keep finding new customers to replace the ones you have chewed up and spat out. Customer retention is the secret to any industry, unless it's funerals.
Post a Comment