@Bugsbunnies yes sorry
but still the same question remains, 2% of £12m?
is there another source of 'good' monies?
I see the minting shares as a bit of conflict of interest
thats interesting stuff. Sancho doing well could be expensive.
so where are they getting the money from? £400k trading per day average = £1.2m a month, do the commissions cover it?
the only obvious thing i see for them is to start trading against users. if they can buy back and cancel shares that have gone under their ipo price, they make a profit on them right? they would have sold high, and bought low.
Been a loser in at the start, then turned into a winner. Although this is not as good as it sounds, the edge after commissions is perhaps a couple of percent. Perhaps this could be improved by the use of shops when they have better odds or slow to cut coupon prices but I haven't got the time. Also found it difficult to scale upwards as hitting losing and winning streaks is a part of it and my gambling bankroll was never segregated from personal funds, so I'm only playing for modest stakes.
The kind of 'recreational' better, ie betting on Premiership games for a bit of fun, accumulators, the stupid bets bookies like to advertise people winning on (combos on BTTS for instance) are a slow way to the poor house. That's what they want.
If you want to win, specialise where the odds are better than the actual implied odds (which obviously is down to your own perception). I found Non-League better for this, it helps if you support and watch a team here and listen out for news. Not every match could be bet on, but there were times where team news and team form would present some really good bets at nice odds where you could feel good about backing. I used to like away sides, sometimes you could have a good form, top half side away at a bad form, home side who had players out and the home side would still be favourites.
There was a guy I read about who bet even lower down the pyramid and was successful but eventually he couldn't get a bet on at the bookies and shops ended up limiting him.
Sorry.... seems I got it wrong.
Was confused as the purchase screen now shows the price after 2% commission and I presumed I was getting the second figure worth of shares for the first price. But it seems this is not the case.