A couple of replies re comments made:

- i do realise PC & premium service are different, been paying PC for ages, just qualified for Premium Big Farking Deal Service
- Crazy, with the way i play am unable to avoid PC

All Betfair do is cry poor, up their charges & work out ways to pilfer the accounts of successful customers. Oh, the joy of being a Monopoly

Last Week 13/08/12 - 19/08/12     
   
Gross PL £ 3,189.59 
   
Commission Generated £ 323.08 +
Other Charges £ 0.00 +
       
Total Charges £ 323.08 
   
Total Charges % 10.13 
Max possible Premium Charge £ 314.84 
   
Premium Charge [pre-allowance] £ 207.03 
Available allowance £ 0.00 
Premium Charge Applied £ 207.03 
Remaining allowance £ 0.00

PC,

You made 2800 quid last week and you're complaining. This thread is pointless.
Where the fck do you think that money comes from?
At the risk of patronising the otherwise educated, here's how it works:

Betfair advertises to the tune of millions of dollars a month to bring new punters (and remind some old ones they exist and should get some of the punting dollar) in so they can punt recreationally, leave a little behind and overall have a little fun.

You kill those little recreational punters off without paying your dues to the tune of around 50-100 people per week. Most of those people once dead, will never return.

It's simple mathematics. Your activities on Betfair have a cost to everyone else on Betfair. Yes, EVERYONE! You need to pay for that at the same fcking rate as the rest of us.

I pay 21% in contributions to Betfair year on year. You are paying less than me and not paying anywhere near as much commission.

Now stop your fcking bitching.

You swallow the Betfair Propoganda very easily Crazy. Yet you have no idea how i play & who my dealings mainly cater for.

If you breakdown my customer i'm sure that the majority would be traders or corps laying off.
Last week fairly poor to be honest

I've paid $795394.65 in premium charges over the past 2 years and all I got was a pair of socks

Crazy. I have a great deal for you. No need to think about it yourself or have some knowledge of what the true story is. Just beleive me, you can't go wrong. I wouldn't lie to you so that i can gain.
Just send me 5,000 to find out how.

Live In Hope
I am a very poor tipster & find it hard to find a winner. If i thought i could help you i would.
That's the honest truth & has no effect on what or how i do.

PC, why are you laughing?
You seem to be taking this very personally. This is about whether or not you should pay PC, ethically, morally, and any which way in which you wish to consider it.

We are all required to contribute 20% of our profits to Betfair in commissions or other charges. I pay 21% and you pay 20%. We are both contributing fairly equally to maintain the Golden Goose that continues to provide us with eggs.

The similarity between us is that we both do well on Betfair. The major difference is that you consider it a right and I recognise it as a privilege.

We are required to pay 20% because Betfair decided we had to. It's fair to say that you are quite gullible.
They can do it because in some markets/ways of playing they are operating in a Monopoly. Let's see what happens should competition ever knock on the door. Do you think the 20% charge will exist?
Give me a price on Betfair getting rid of PC should decent competition ever start?

Crazy. Are you actually a Betfair Exec?

Cas,

There is actually no advantage to paying or not paying PC. Just because I avoid PC doesnt mean I like paying 21% in contribution. The main reason I avoid PC is to avoid the ups and downs of it. The net effect for us is exactly the same. In fact, my efforts to avoid PC and smooth my earnings probably require me to work harder. It provides me with some added advantages (risk free arbs for example) where as for the most part, people who pay PC cannot do that.
That is the only reason to attempt to avoid PC.

PCisaripoff

Just curious are you a gambler or trader? I'm guessing you're not an arber.

Can't say exactly how i play Cast but i'm not a trader & am exposed on about 90% of markets i play in.

Crazy, i thought the commission rate was 5%. And my discount would bring me down to 4%.

I will never stop whinging about a charge that only applies unfairly to a small % of punters

Gees crazy you are being hard on the PC payers
I know if it was me id be just as uspet as these guys

nickw,

I am paying more than they are and you dont see me complaining.

My commission rate is 4%. You are paying more in charges than i because i am very good at what i do.

I am paying 20% because Betfair is a monopoly & if they ever get competition I'm sure i'll be getting a call very quickly from BF offering large inducements not to take my business elsewhere.

The reason I pay more is because I deliberately keep my contribution high. It affords me money making opportunities that PC payers cannot risk.
To imply that I am not good at what I do, PC, is a little naive, and more than a little arrogant.

Before PC came in I was very efficient. I got the phonecall before PC was ever introduced to advise me that if I continued on my current path I would pay PC along with a very small percentage of Betfair customers. For the first few months I decided I would cop that, but over time I realised it was limiting the things I could do, so I strategised a way to expand my flexibility by giving Betfair their 20% in other ways.
I am poorer for the advent of PC, but I am still able to function quite well, and within the revamped model I was forced to create. In the end I want the Betfair machine to continue to function, for without it I will have to get a job. If that means as one of the more successful punters I have to pay a little more to keep it viable, then I am not going to bitch about it for the next 5 years. I tried in the beginning to have it changed, but all the guys who boycotted Betfair in the beginning came back, as did I.
There just simply isnt a viable alternative.