Paddy Power Gubbed
-
Got the email today
“Having reviewed your account, we regret to inform you that with immediate effect we are no longer offering you any free bet promotions, double odds bonuses or enhanced prices.
As part of our Terms and Conditions, Paddy Power reserve the right to exclude customers from promotions.
This decision has been taken after careful consideration and will not affect your ability to bet on our Sportsbook or any other Paddy Power product.”
Been hitting the £20 – £10 in play offer and I think the Price Boost BTTS winning yesterday finished me off.
Might be worth checking in boxes, can’t imagine I’m the only one.
+0February 15, 2016 at 12:00 pm
-
-
New to matched betting?
My Matched Betting Academy is the best place to get started. Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
Learning the fundamentals takes 10-15 minutes and you’ll make £15 in the process.
I got gubbed today as well, I place loads of bets outside the offers and have not underlayed any price boosts on Betfair since the merger.
They still texting me offers which is a bit poor.+0
Yup, gone for me too. Id received the email a month or so ago on 20 get 10 offers, and haven’t placed a single bet since then.
Wouldn’t be surprised if they are looking at historical betting patterns with between PP and BF. Im sure its not difficult.
+0Not sure its fair to say the problem is all the newcomers jumping on the band wagon. Its kind of like saying I’m on the life raft pull the ladder up, its getting crowded. From what I’ve read a lot of the participants on this forum seem to have been involved in MB for a matter of months (and the blog itself is relatively recent).
The bookies ideal is degenerate gamblers and being gubbed won’t put them off (because they are degenerate gamblers). I don’t think that there is much rhyme or reason to the restrictions, but the bookies don’t care because the only people it will really put off are people like me. Looking at some of the other forums I haven’t found many people who have been making £400-£500 per month who have been doing this for a long period of time. One day all this will end, so until then take as much as you can from the bookies and give as little back as possible.
+1
Got the email earlier today. However it’s the same email I received about a month ago! Having said that I’ve not used the account for about 6 months after they limited it to pennies. Still have my wife’s account thankfully, but I suspect that I’ll lose that and others due to Cheltenham. Gonna make what I can while I can.
+0
@dmc I don’t agree with the whole won’t last and all that. I have been doing this since May 2015 which granted is less than a year and I have always been on this blog since then. Half the names I see on this forum I never saw previously comment on any of the offers (doesn’t mean they weren’t here) but anyway…I have most my bookies in tact and see no reason why I can’t continue for ages to come. *Touch wood* ps I am averaged over £500 quite easily also.
+0
Look at betfair exchange. €8,000,000 in matched bets on real vs Roma alone. At 5% commission they are taking in 400,000. The bigger bookie is probably taking more than €8,000,000 and is definitely taking a bigger edge than 5%…
Sky bet are advertising paying out £2.3 million in free bets which when you take the real value of a free bet at 80% is £1.84 million.
A couple of big games or races in a month and they’re covered for their offers.
They are making colossal amounts of money and I think as members of this forum we over estimate how much they are giving back and how many effective matched betters there are.
In reality we carry ZERO threat to their bottom line.
In my opinion. Plus we are pumping money into the exchanges….
+0
FOG why are you taking 80% for a real value of their £2.3million in bets? just because we aim to extract 80% of our free bets doesn’t mean that’s how much they’re worth surely. I assume many punters who get given free bets either waste them (granted some could win) or put it on low odds and don’t get anywhere near 80%..so not sure unless you were only referring to matched betters…
+0
80% as a max value – yes a lot will be wasted so in reality it’s much much less than 1.84 mill.
PLUS they didn’t give them away for free. Needed to make £25 in real money to get your free bet.
So 2.3 mill => 460,000 sky bet club members @ 25 each => over 11 million taking in bets and their edge on that means they took in at least £1,000,000 on sky bet club members.
They are giving away almost nothing.
+0
I’ve seen people mentioning some Tesco analogy recently. It’s really not the same thing at all… Tesco generally don’t have any expenditure on promotions – it’s the suppliers which indirectly reimburse the retailer. Further, it’s not like you can buy a product on promotion and then resell it at a higher price. Consumption goods and financial options are totally different.
The objective of bonuses, for bookmakers, is to attract genuine customers and not someone that is going to buy the bet/option and sell it on a secondary market to abuse the bonus. As a matched bettor, you cost them money in the long run and it is currently legal for them to ban you – they’d be crazy not to!
+0
Mark, companies give away free stuff all the time. I passed two girls handing out break fast bars yesterday morning. I was afraid to take one in case they put me on a list and barred me from buying any more.
The objective of the free bars is the same.
I think there is a greed in the bookie business that is not seen in other industries.
I totally understand your point too though – I just think that the bad feeling and customers that they are losing is not worth the minuscule amount they are saving by showing some matched betters the door. And it is tiny in comparison to their profits especially when paddy is getting half of it back through betfair commission…. If betfair made half a million on Roma/real game last night paddy probably made twice that, and that won’t be close to their biggest game this week plus they have the horse… And sky bet club can’t be costing sky more than 800,000… They make in one hour what they give back in a month.
There has to be a sliding scale of what it is costing them (relatively compared to their profits) and what bad customer satisfaction the gubbings are causing. I think they are the wrong side of the line, I see that you don’t and I accept that – you probably are more knowledgable anyway of the whole industry.
Just from a normal person using a betting service I find them greedy and petty to ban me from me €10 free vouchers here and there.
I’ve read it and seen it about the latest paddy gubbing that some genuine punters got hit. That’s too far in my opinion.
+0
Actually that €8,000,000 in matched bets on Roma/real that I took as an example is just on the win draw win market! There is millions per hour in pure profit for these companies!!!
+0
Yeah, I understand your point. Bookmakers are in the unusual position of having highly in-depth data on their customers’ behaviour… They can (attempt to!) exclude all customers who have no intention of betting for real. If you go even further than bonuses/offers, bookies ban profitable punters – imo this is ridiculous… You can’t just accept losing punters and ban winning punters (a sort of skill discrimination). I hope this is outlawed in the future.
For exchange markets, the matched amount does not necessarily give you the commission paid btw. For example, if £8m is matched at odds of 1.2, the backers have staked £8m and the layers have effectively staked £1.6m. If it wins, commission paid is roughly 1.6*0.05 = £80,000. If it loses, commission paid is roughly 8*0.05 = £400,000.
+0
https://www.paddypowerplc.com/investors/financial-summary-and-kpi-performance
Interesting to see the profit and loss for Paddy!
+0
To summarise from their Annual Report for 2014, Paddy Power had a gross profit of €166.6m and spent a total of €42.5m on promotions and bonuses.
+0
You must be logged in to reply to this topic.
