mmmmm so when did you last see a betfair betting office then ????? Do you not think that shops cost money to rent, then theres licences from local councils, rates, electricity
yes but betfair are unique as in the fact they are online, they have no fixed overheads ie shops, plus a lot of their money and business is registered overseas for tax reasons, so they can afford a few large losses more often
gone are the days when bookies wanted working class folk in all afternoon, smoking and drinking coffee and spending all their pay packets on every single horse and dog with 4 legs that moved, suddenly corals, hills, ladbrokes, betfred etc, want the higher calibre of punter who has more...
all betting shops monitor a customer as soon as they place a single bet of more than £200 stake, regardless whether the bet wins or not, all large bets by the same customer are then reviewed hence sometimes the customer only allowed to place say 10 or 20 quid when he wants to place 200...