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Betfair's policy of charging higher fees for high-rolling traders had an immediate effect on its performance, as the betting exchange operator saw interim pre-tax profits nearly treble to £20.8m (££7.44m in 2010). The new business model was responsible for the growth in profit, along with an increase in the number of "in-play" betting markets Betfair offers.
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By Julian Hofmann,
14 December 2011
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Comment on the ups and downs of property investments, with a particular focus on the perennially popular world of buy to let
