General Betting
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I bet almost exclusively on Aust racing. Will the increase in the commission I pay, be compensated by being charged less PC?
At present, I'm paying the PC, three out of every four weeks.
At present, I'm paying the PC, three out of every four weeks.
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rest assured that betfair will continue to take exactly the same percentage of your gross profit as they have always done.
however now they will just take more in commission and less in PC, but the overall percentage will be unchanged.
however now they will just take more in commission and less in PC, but the overall percentage will be unchanged.
Thanks for your reply, DStyle.
So, you are basically saying, if you regularly pay the PC, the increase in commission will have a neutral effect, on your overall profit.
So, you are basically saying, if you regularly pay the PC, the increase in commission will have a neutral effect, on your overall profit.
correct.
the Premium charge reflects the delta between the percentage betfair want of your gross profits, and how much you've already paid in commission generated.
so if you were on 20% PC and you made a grand in gross profit that week and paid £100 in commission generated, betfair would want a further £100 in PC to make up for the delta.
a higher market base rate would probably mean you pay more commission generated. so if you made a grand your commission generated would be, say, £120. Betfair would then want £80 in PC to make up for the delta.
the Premium charge reflects the delta between the percentage betfair want of your gross profits, and how much you've already paid in commission generated.
so if you were on 20% PC and you made a grand in gross profit that week and paid £100 in commission generated, betfair would want a further £100 in PC to make up for the delta.
a higher market base rate would probably mean you pay more commission generated. so if you made a grand your commission generated would be, say, £120. Betfair would then want £80 in PC to make up for the delta.
Since you will pay more commission you will pay a bit less in PC, but how much PC you pay depends on your commission generated rather than your commission paid.
Commission generated = (Commission + implied commission)/2 = Commission paid/2 + Market Losses*1.5%
Your commission generated will go up, but not by as much your commission paid. Somehow I don't think they will change how implied commission is calculated for these markets, but I don't know.
I.e. less PC will soften the blow a bit, but I don't think you will be "fully compensated".
Commission generated = (Commission + implied commission)/2 = Commission paid/2 + Market Losses*1.5%
Your commission generated will go up, but not by as much your commission paid. Somehow I don't think they will change how implied commission is calculated for these markets, but I don't know.
I.e. less PC will soften the blow a bit, but I don't think you will be "fully compensated".
it might make a difference.
reason being, it could affect your "commission generated" for PC purposes.
you pay commission but are only given credit for a proportion of that for pc purposes. Typically in the past, many on 20% PC were noted to be paying total charges of 22.5% -- with 6.5% base rate they may find that they are now paying in the region of 23.25%
also i imagine implied commission for PC will remain at 3%, whereas you may be paying commission on your winning bets at 6.5% instead of 5%.
All in all, my guess is that PC payers may be worse off too.
I expect others will confirm whether this is true or not
reason being, it could affect your "commission generated" for PC purposes.
you pay commission but are only given credit for a proportion of that for pc purposes. Typically in the past, many on 20% PC were noted to be paying total charges of 22.5% -- with 6.5% base rate they may find that they are now paying in the region of 23.25%
also i imagine implied commission for PC will remain at 3%, whereas you may be paying commission on your winning bets at 6.5% instead of 5%.
All in all, my guess is that PC payers may be worse off too.
I expect others will confirm whether this is true or not
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