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Why is there no whinging about turnover charge?
Am i missing something on how to avoid it? i'm paying it but losing. Its like getting kicked in the head when you are down. |
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kye if you can understand it, then you probably can work out away to avoid it.
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thought you quit kye?
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Kye re turnover charge. Don't you just need to know how to count to 50?
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bit more to it than that - but i guess that stops it whoopi
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And once you get to 49 if you still want to back something, then you just lay every other runner. Lays aren't subject to turnover charge.
It's not rocket science my friend. |
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losing and still copping it is bit hard to swallow though
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but really LIH....WE ALL WERE TOLD....WE ALL HAD TIME TO ADJUST. Nobody should be paying it.
If you can count to 50 all the other conditions are irrelevant. |
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What sort of gambler bets in less that 50 markets...pfftt
but it's my understanding this charge should only really affect traders or people who back in play at less than 1.37 or so |
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well arnt punters 'encouraged' to beat in more markets - more you bet, less the commision - so i guess the trap is the other 'conditions' which im stuffed if i can understand even though i could an email outlining it
then again im a dumb c vnt funeral director |
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did you two miss my point about laying the rest of the field if you want to back?
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Who bets on less than 50 markets in a week? & who keeps track
What happens when you get to 50? do you just stop even tho there is a moral in next Rocky race. ta1, my first thoughts were to quit & although 95% of my punting is done elsewhere i shouldnt have bothered returning here at all. |
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FFS!!!!!!!!
Lays are not subject to turnover charge Kye! LAY THE REST OF THE FIELD!!!!!!!!!!!! |
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AND WHO KEEPS TRACK?
Everyone who doesn't want to pay the charge! |
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• the total commission generated by the customer on turnover charge markets is less than 1.5% of the aggregate value of matched back bets placed by the customer on those markets.
Total commission generated is half of the commission paid plus half of implied commission, calculated by the formula = (commission paid + implied commission) ÷ 2. Implied commission is 3% of player losses where players make an overall loss on a single market. the above bit i cant get my head around |
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you don't need to. count to 50 and strat laying....simple.
Fck me you conservatives are hard to teach! |
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think the problem may be if you back then lay back or vice versa
or maybe what joel was talking about anyway i was mad and stupid that particular week |
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have you tried laying in dog races Whoopi. Liquidity is useless & the only time you get matched is when the dog is going to win
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I'll give you that Kye....but it's the only way. You just have to lay the dogs that you can get matched for. You'll make less but on the other hand you'll avoid some losses
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Good to see some others starting to see what Betfair are. Greedy money grabbing ****s.
How can they apply an extra charge to someone that lost for the week? Easy answer, MONOPOLY |
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i can understand a turnover fee on nsw races but cant understand why its leevied on someone say having 50 100 bets and bet backers but someone can have 49 2k bets and not pay a cent
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The PC stinks pure and simple. It stuffed my punting completely when it came in as I tried to avoid it. My fault really, still not recovered. It is a monoply charge and I don't care what BF and anyone else says it is completely indefensible. I pray for competition but it seems there is still no real alternative to BF unfortunately. Can't live with it, can't live without it.
The T/O tax is not BF's fault but their actions in fighting against it had all the intelligence and effect of being savaged by a sock puppet. And in the end their fall back position was....slug the customer....see first para. The only way to avoid the T/O tax is to change your betting pattern. You can take advantage of the BF conditions to allow limited action in areas that are T/O sensitive by keeping a spreadsheet to monitor your daily/interday position in respect of the tax. When your "normal" bets build up some sort of buffer over the 1.5% impact point you can have a few T/O sensitive bets till you get close to the tipping point again. I ignore the 50 markets limit as normal betting will go way past that every week. PITA really. |
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Lifetime 20.11% after last week's loss saves me
Last Week 22/10/12 - 28/10/12 Gross PL £ 2,914.16 Commission Generated £ 393.49 + Other Charges £ 1.35 + Total Charges £ 394.85 Total Charges % 13.55 Max possible Premium Charge £ 187.98 Premium Charge [pre-allowance] £ 0.00 Available allowance £ 0.00 Premium Charge Applied £ 0.00 Remaining allowance £ 0.00 |
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PCisaripoff
You have missed the entire point , of this entire thread, what do you think the point of , well - what betfair stands for , and they prove it for all to see because your so , i dont know i'm not a name call, but because your so whatever to see it. You have really just without you even knowing it obviously proved what betfair and the guys who started it set out to do , to help the punters. how long this thread been going for now a while, yet befair havn't deleted it ? have they they let you ramble on. give an inch take a mile , like look at betfair they are letting this thread go on. your so engulved in your on un inchievment that you miss the entire pent that your thread is infact still alive as i am posting on it now. put it against any betting agency in the world thats that has the guts to have a forum, ud be sitting eating diritos complaining to mummy i want to move out. wake up and smell the cookies they have already won by infact letting u continue to post your bullshit, without closing your thread. that gives them more respect than any betting agency so if your not happy go lay a sport somwhere else. your a sook. |
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who cares about the charges you still win if you can lay a horse that you think wont win , what are you going to do when betfairs not around send ur little email to sportsbet who wont reply back, enjoy your pack of deritos, if any of the agencies had a forum u bet ur bottem doller they would absolutley not alow a forum thread.
thanks for nothing betfair. i mean every day this thread lasts and u dont apololigise is a day they are true for even and fairness and open minded opinionions and in some way a betting democracy. every day this thread stays alive ashames you and i for one if i wer u would be ashamed to have started a shamed which i recon you may have thought they would have shut down? betfair started out to help the punters to beat the bookies , everyday this thread lives is your shame, and i think you are a low person for not asking this thread to be shut down but continue on , everyday this thread lives is a day i praise betfair for being decromatic to opinion . |
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every day that betfair hasn't deleted this thread and aloud a decromatic opinion from a looser from you is every day betfair wins,
your a discrace PCisaripoff |
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5 thousand something views , of a post titled thanks for nothing betfair
PCisaripoff, they win by letting the thread go on for as long as it has u just dont see it that way , oh um because no betting agency actually cares apart from betfair u idiot. go to sportsbet oh um sorry no forum, tatsbet, oh um sorry no forum um tab oh um sorry no forum. your an absolute discrace. i'm sick of seing this thread and finally spoken i find it amazing betfair hasn't deleted it but it shows just what sort of good sports betting agency they are, its not there fault some of the implimentations they have to make either they have nsw racing on their back there fighting for us. and u go and make this thread, ur a discrace -PCisaripoff, u and ur little complaints making a thread that makes 5 thousand views and the trouble they go threw to keep it going in australia? do u even know that? ur a discrace |
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ooooh, feisty Mike
![]() Ps. Nice spacing ![]() |
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my wallets in minus now thanks to turnover charge
i understand the need for a turnover fee but dont agree some pay, some dont that is all |
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summarizing, you mean....
my wallets in minus now thanks to turnover ![]() |
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Question on turnover charge. appreciate some help from someone who has read & actually understands the rules.
If you have 10 back bets on the same dog at different prices without any lays on the dog (something i do all the time to let the traders push the price out), does that count as 10 back bets or just 1 for turnover charge purposes. |
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1...IT'S THE NUMBER OF MARKETS
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Just logged into forum to have a look, noticed a few replies, good to see. Although looks like someone had a few too many sherbets after a losing day
![]() Loved 'you're missing the point of this thread' I created it Einstein ![]() |
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Last Week 29/10/12 - 04/11/12
Gross PL £ 6,992.53 Commission Generated £ 241.57 + Other Charges £ 0.00 + Total Charges £ 241.57 Total Charges % 3.45 Max possible Premium Charge £ 1,156.93 Premium Charge [pre-allowance] £ 945.37 Available allowance £ 0.00 Premium Charge Applied £ 945.37 Remaining allowance £ 0.00 |
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Last Week 05/11/12 - 11/11/12
Gross PL £ 5,485.84 Commission Generated £ 453.03 + Other Charges £ 0.65 + Total Charges £ 453.68 Total Charges % 8.27 Max possible Premium Charge £ 643.49 Premium Charge [pre-allowance] £ 643.49 Available allowance £ 0.00 Premium Charge Applied £ 643.49 Remaining allowance £ 0.00 |
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£ 643.49 would seem a reasonable fee to pay to be able to make £5,485.84 tax free I would have thought
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FFS, PC get a life.............all your doing is showing us why PC was introduce in the first place, to get their wack out of UNBELIEVABLE winners that u claim u are
we get your point , but stop digging your grave even deeper, WE dont give a fck if u pay 643 charge on a win of 5485, if we all beleive you then give it a rest |
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PC...Statistics tell us that at least 95% of those reading this thread would be regular losers. Knowing that, do you really see yourself getting the response you're after?
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Log, no need to get all fired up sunshine. Copy & Paste every Wed morn takes me all of 30secs, still plenty of time to enjoy my life. But thanks for all your concern.
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All i am pointing out is the hypocrisy of BF. Not looking for charity from people that read.At the start they claimed (and not quoting exactly) 'PC introduced to get some traders, bots, less than 20 people in Australia wil be effected' Then, when it was clear that this money grab by a greedy monopoly was catching regular joes like me it was 'PC payers are paying for BF's marketing to attract losers for you to pillage'. That's my personal favorite. Funny stuff, great business plan. If this was true the company would be dead already ![]() ![]() Then, the 40 tp 60% PC charge was introduced. Why? No reason given, why would they? It's a dirty monopolistic play. Greedy Execs trying to fatten up their pay packet. |