New Posts For Thread: “Turnover fee”?https://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-feeCAN anyone explain what it is and how it will be applied? eg IF a bookmaker lays a bet of $1000/1000 and backs it back at $ 500/500 he paysa turnover tax on $500 to the race club...would this be the same situation for betfair?sorry..missed the boat in the other forum... a Good Friday to all.https://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518288915#518288915sorry..missed the boat in the other forum... a Good Friday to all.Thu, 05 Apr 2012 08:40:08 -0500You may have seen this boys and girls...http://racenet.com.au/news/789/78939.asp?c=1I think as said above it's prob unfortunate it's the carnival. Otherwise the taps would have been turned off.This announcement surely means there's little of no dialohttps://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518288371#518288371You may have seen this boys and girls...http://racenet.com.au/news/789/78939.asp?c=1I think as said above it's prob unfortunate it's the carnival. Otherwise the taps would have been turned off.This announcement surely means there's little of no dialoThu, 05 Apr 2012 08:22:07 -0500Good post.I would say that BF would have made this case, as they did when the UK (BHB tried to ask for the same deal a couple of years back). I cannot believe that the Aus court didn't grasp this.https://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518287963#518287963Good post.I would say that BF would have made this case, as they did when the UK (BHB tried to ask for the same deal a couple of years back). I cannot believe that the Aus court didn't grasp this.Thu, 05 Apr 2012 08:09:57 -0500Why doesn't RVL commit to Gross Profit model, and with Betfair, target the top half a dozen players in Sydney to move their operations to Victoria. Last person to leave could turn off the lights.https://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518284423#518284423Why doesn't RVL commit to Gross Profit model, and with Betfair, target the top half a dozen players in Sydney to move their operations to Victoria. Last person to leave could turn off the lights.Thu, 05 Apr 2012 05:39:56 -0500Can still run a loss on some products, so be it if NSW racing makes them a loss, anything we win will be turned over on the sports betting anyway...https://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518284171#518284171Can still run a loss on some products, so be it if NSW racing makes them a loss, anything we win will be turned over on the sports betting anyway...Thu, 05 Apr 2012 05:26:16 -0500Just to put some figures on it by looking at the UK. In the UK the levy for racing is 10.75% of gross profits from revenues from UK customers betting on British horseracing. Last year this figure was £6.5m. This implies that commission charges fromhttps://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518283511#518283511Just to put some figures on it by looking at the UK. In the UK the levy for racing is 10.75% of gross profits from revenues from UK customers betting on British horseracing. Last year this figure was £6.5m. This implies that commission charges fromThu, 05 Apr 2012 04:42:18 -0500The markets for Saturday are well up and running.They wont do it this week. imo.https://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518282419#518282419The markets for Saturday are well up and running.They wont do it this week. imo.Thu, 05 Apr 2012 02:59:00 -0500They would have to wait till after the carnival if they are going to do it imo. I hope they do, if not we are all stuffed as i doubt betfair will survive here. Promote VIC racing and NSW can run non totes in front of their 150 mill grandstand....https://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518282379#518282379They would have to wait till after the carnival if they are going to do it imo. I hope they do, if not we are all stuffed as i doubt betfair will survive here. Promote VIC racing and NSW can run non totes in front of their 150 mill grandstand....Thu, 05 Apr 2012 02:53:59 -0500I can recall the Victorian breeeding lobby critical of RVL after the 3-0 Federal Court judgement. This caused RVL to backtrack and issue press releases to the effect they wished NSW Racing every success and would await the High Court case with the inhttps://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518282263#518282263I can recall the Victorian breeeding lobby critical of RVL after the 3-0 Federal Court judgement. This caused RVL to backtrack and issue press releases to the effect they wished NSW Racing every success and would await the High Court case with the inThu, 05 Apr 2012 02:41:03 -0500dont think so Nick.That would stuff us {their customers] around too much.I want em to do it.But we need some notice.https://community.betfair.com/australian/go/thread/view/93998/29033935/turnover-fee?post_id=518282257#518282257dont think so Nick.That would stuff us {their customers] around too much.I want em to do it.But we need some notice.Thu, 05 Apr 2012 02:40:27 -0500