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  • Betdaq fight back

    Minnows Betdaq are trying their usual weapon, to fight back against the Betfair monster!

    Comm only 2.5 % all sports all summer. If we can sometimes get same price, will be with

    them, if price within 'striking range' will request it. Should be ok for some markt's.

    Don't understand why no-one (big money venture capitolists) can mount a challenge to BF?

    As totaly dominant mkt leaders, BF can do as they please with us............

    PS the new Government are looking at exchanges, David Zefman, their chief advisor on gambling law,

    has written a review, findings are along the lines of those spending all day, trading heavy are effectively,

    conducting a business, and have responsibilities, in terms of taxation.

  • #2
    Originally posted by Ted View Post
    findings are along the lines of those spending all day, trading heavy are effectively,

    conducting a business, and have responsibilities, in terms of taxation.
    Where did you see this? Link

    Comment


    • #3
      UK TRADERS PUBLIC ENEMY No.1


      .

      John Zeffman


      .....eggs at the ready if you spot him {John Prescott stylee} link

      The government are conducting reviews in every possible avenue at the moment to extract more and more revenue. Hopefully they will look at trading as too complicated to mess about with (taxing losses etc)....and bugger off

      Comment


      • #4
        Zeffman is head of gambling at Olwang, they advise loads of firms. Last time he was moaning about traders not paying levy when he was acting for the BHA. They're also advisors for Betdaq so no doubt he'll argue against any charges depending on who's paying at the time.

        Comment


        • #5
          Hi Leon,
          was in an article by Barry Dennis in Sun paper 2 or 3 saturdays ago.

          Tried to copy/paste it on here, but failed, can e-mail it to you, if you like.

          Comment


          • #6
            Originally posted by Ted View Post
            Minnows Betdaq are trying their usual weapon, to fight back against the Betfair monster!

            Comm only 2.5 % all sports all summer. l
            Where did you see this Ted please. I can't find any details of it
            When I die and they lay me to rest,
            I'm gonna get pissed with Georgie Best

            Comment


            • #7
              Firk'

              I had a e-mail from Betdaq today, would have thought all their clienteel received it.

              Comment


              • #8
                Ted

                Can you mail me the article about traders maybe paying tax?

                Cheers
                Tough times don't last. Tough people do.

                Comment


                • #9
                  Originally posted by Ted View Post
                  Firk'

                  I had a e-mail from Betdaq today, would have thought all their clienteel received it.
                  Thanks Ted, I deleted that email without reading it so will ask them to send it again.

                  Hopefully if a few more of us use it things might improve there standing
                  When I die and they lay me to rest,
                  I'm gonna get pissed with Georgie Best

                  Comment


                  • #10
                    Originally posted by Firkinelle View Post
                    Thanks Ted, I deleted that email without reading it so will ask them to send it again.

                    Hopefully if a few more of us use it things might improve there standing
                    Lol, I always do the same and delete the betdaq ones without reading them

                    There's a post about the offer here,

                    http://forums.moneysavingexpert.com/....php?t=2479451

                    been going a while , probably hoping to get some punters back on board for the WC.

                    Comment


                    • #11
                      I didn't read the article but isn't his argument that some users should technically be described as bookmakers and should pay duty and the levy as opposed to the fact that they should be taxed?

                      Comment


                      • #12
                        Had a reply from Betdaq which says

                        "Many thanks for your email. Unfortunately you did not qualify for our recent campaign having already availed of a commission offer in recent months.

                        However, we would like to welcome you to BETDAQ this summer with the following deal.
                        As a gesture of goodwill we can offer you a 3.5% commission rate until the end of October 2010.
                        This offer covers all the key sporting events including Royal Ascot, The FIFA World Cup, Wimbledon and the start of the new Premiership.
                        In addition to the above please note that you will also receive the following benefits:

                        · 2% commission in all “Asian Handicap Markets”

                        · 2% commission in all “In Running Horse Racing Markets”

                        · 0% fees on all “Moneybookers” and “Neteller” transactions **

                        This offer is activated in your account right now. All you need to do is start playing!

                        Best of luck
                        The BETDAQ Sales Team
                        Offer Expires 31st October 2010"

                        Reasonable I reckon, so if anyone didn't get their email just ask
                        When I die and they lay me to rest,
                        I'm gonna get pissed with Georgie Best

                        Comment


                        • #13
                          Originally posted by Ted View Post
                          Firk'

                          I had a e-mail from Betdaq today, would have thought all their clienteel received it.
                          Why would you automatically assume this? (had my hopes up for a while)

                          Regards

                          Comment


                          • #14
                            Hi All

                            in case anybody wants to see the exact email I received here it is:

                            Ttfn - Mick

                            Dear Member,
                            You have received a call from us in the last 24hrs with our latest special offer. We would like to thank you for taking the time to answer our call, and follow up by confirming with you the details of this offer:

                            · 2.5% Commission rate for a period of 6 months on all key sporting events including Royal Ascot, The FIFA World Cup, Wimbledon and the start of the new Premiership.

                            · £200 in free bets - For every £100 in commission paid or earned in this period we will give you a £50 free bet. You will able to claim this £50 offer up to a maximum of 4 times

                            This offer is activated in your account right now. All you need to do is start playing!
                            If you have any questions or queries please do not hesitate in contacting us.
                            Kind Regards,
                            The BETDAQ Sales Team
                            sales@betdaq.com


                            P.S. I was told it was for a limited number of clients,
                            maybe it might be worth a try to get same deal if you rang them?

                            The BETDAQ Helpdesk is open Monday - Saturday from 0900 to 2000 Hrs GMT and Sundays from 0900 to 1800 Hrs GMT
                            By phone: (IRE) : 01 673 3360, (UK) : 0870 1781 021, (International) : ++ 353 1 673 3360
                            By email: helpdesk@betdaq.com

                            Comment


                            • #15
                              Surely it would be too hard to "tax". I mean along with trading, people do different things. I mean I have about 3 strategies on the go at any one time, alot of my turnover is dedicated to pure gambling. Either way, I am sure that with it being seen as a legitimate business, it would be reasonably easy to claim alot of things anyway. Must have an up to date computer, multiple internet connections, phone lines, electricity, "office" rent, etc etc etc. Not to mention that most people trading lose anyway, although most don't lose enough to make a difference for the winners. Surely that would call for a few "business" trips to all the sporting events around the world. It is expected after all that a business trading on sports, must research such live events.

                              Considering Australia still don't allow online live sports betting, I think at least we are a long way away from such a thing. Sad to know though that maybe we will lose another country from tax free. Sure there would be an easy way around it though by introducing more strategies. Would be a massive headache to implement anyway I am sure.
                              The way I see it, most of the commission we are generating is paid in tax anyway. As far as I read, BF Australia aren't really making much yet setting up here, most going in expenses. So realistically, we are all paying tax anyway, just not directly. I mean would they rather me generate 30k tax in a year for them, or stop this and go on the dole and cost them 12 a year.

                              Comment

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