Thanks for nothing Betfair

another good week by the looks PC.
very well done mate.

To those of you that are unaware, please note how lucky you are regarding Premium Charges. For example the top rate in the U.K. is 60% and my son has been advised that he's now one of the lucky ones and is now liable to pay P.C's of 40%. No doubt that unless some sort of action is taken here it will eventually be on a par with the U.K. All suggestions welcome as if things don't change Betfair will lose more and more clients as they are doing in the U.K.

To those of you that are unaware, please note how lucky you are regarding Premium Charges. For example the top rate in the U.K. is 60% and my son has been advised that he's now one of the lucky ones and is now liable to pay P.C's of 40%. No doubt that unless some sort of action is taken here it will eventually be on a par with the U.K. All suggestions welcome as if things don't change Betfair will lose more and more clients as they are doing in the U.K.

That's not just the UK....I am on 50% here

Top rate is 60% here. If he's paying 40-60% he needs to think outside the square. Fairly easy to avoid it, unlike the 20% thieves

Mr Ripoff thats good that you don't use bots because if you did that would make this whole thread REDUNDANT

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quiet week PC only cleared just over $2k

probably a silly question but can you increase your stakes to offset the PC??? i.e. instead of aiming to win $5k aim to win $10k and still clear $5k???

the mans a machine

No Machine, Lost Mon 14th, Lost Tues 15th

Keep that rate up, and we wont have you complaining next Wednesday.

Don't be like that castiron
Won Wed 16th, day off Thurs, Losing so far Fri 18th

The best platform to provide you with making an income, maybe you should express some gratitude.

But its easier to be whinging moron, I guess

oohhh, thats not nice

Well the guy admits that Betfair's platform, with all of its built in charges, provides him with the best possible financial return. And yet he still claims those charges are obscene.

If they were he would be betting somewhere else. He is not.

A grade moron

no one likes to pay more for things AD - but part of your point is valid, without Betfair there's no rivers of gold to start with

Looks like the tall poppy syndrome is alive & well Driver
The point of this thread was firstly to show how hypocritical the company is. The whole 'you're an important customer, you'll get premium customer service'. How about just charging me what they charge everyone else, instead of 15% (at least) more.

So, do they promote themselves as a low cost operator (ie - don't 'take out' as much as the tabs). Betfair - the way betting should be. lolololololol

The fact is they are a greedy monopoly, abusing their market position.
Anyone who swallows the whole 'we don't make a profit in Australia' line is a moron that can't think for themeselves.

I have to pay 20% & have been doing so for years . When i reach the 40% (about a 2 year cycle) i have to eveluate my options . Might go for an extended holiday .

Last week interesing. I traded 6 days
Mon - Lost
Tues - Lost
Wed - Won
Fri - Lost
Sat - Won
Sund - Lost

4 losing days out of 6. 3 of those losing days under $100.
Profit around $2.5k AUD.
Bet i still get charged PC.

You will receive even less sympathy now, PC, after you have confirmed you are a member of the " Ferengi ".

more importantly - what the fu ck was so important he didnt have a punt on thursday?

Supply & demand Castiron. All above board.

No doubt it's above board, but a bit parasitic for my liking.

parasitic, what an inane observation

Oh dear So how them Nicks eh?

They must be a low cost operator if they are still your most profitable option.

I repeat, if there charges are so out of control operate through someone else. Simple is it not?

That's right, there charges are not at that level for you are they?

So enough of your weekly dribble - you are an A grade moron

there charges Please explain!!!

Is that seriously all you have, picking a grammar error?

Guess you can't debate the issue, but I am sure you will post your normal dribble tomorrow

Anyone want to ask me any questions on the topic? I think I have a balanced view. My GP is at 291k; net profit 233k. Heading towards the not so magical 40%. Last year I won 50/52 weeks. I'm not an expert. I just know my trade. In the TAB or in punting land I'm clueless.

I can't do what I do (win) without BF. There's no point in whining. I have to play the game.

All I can do is increase my turnover. Play a zero sum game as best I can.
I don't blame BF for doing what they do. I would in the same position.

Jpsh, don't hold your breath waiting for a genuine question. Trolls, cynics, the bitter and twisted, and the terminally jealous populate this forum.

Josh-T my new best friend! tell me how u do it mate, please, as PCisaripoff wont help!

well that's true whoopi. You can see I haven't posted much in these parts. It was fun in 2004/2005. But I digress.

Live in hope: The vast majority of my profits relate to inplay trading. And generally around favourites. There's a few techniques, but none are rocket science. You just need discipline. And an analog radio and TV.

I relate it back to the cricket. People are happy to wait hours for a team to go from 2.30 to 2. In the trots it's 2.30 to 1.60 in a flash. Take your profits move on. It's not difficult.

People here will complain about volume. Really? If I can jag 100 bucks on most races it just keeps adding up.

good to seeing you still punching and knocking them out Josh
yes the forum was fun for a while but seems a long time ago now
I wonder what ever happened to the punting muppet?

nice to see you too VK :)
good pick-up. No idea to be honest. Hope you're going well.

thanks Josh - I have the tv and the radio but what the f vck is discipline? good luck, not that you need it mate

Discipline for me is being happy with a small profit. And just keep rolling...but I do know what you mean. I'm not a moody person - that's definitely a weapon.

Just need that decent API like Gruss/Traders/Angel/Toy too

by moody I mean not emotional. It's probably a bit sad, but ah well!

thanks josh - where there is hope there is salvation!

ah one other thing josh-T - the turnover tax must affect your bottom line pretty badly?

certainly having an impact. It's one reason I went back to work actually - to avoid it. But the best times for me are Friday nights and Sat so I wasn't missing out too much. When I do pay it, it represents 15% of my profits on average. It's a pain, as is the premium charge. But as I said before I can't do it any other way. I treat it like the old Super Mario game. I've clocked it, but I still enjoy playing it.

Josh T...you must be a Big Shot

I wouldn't call myself that. I'd rarely risk more than a couple of hundred dollars and aim to trade that out damn quick.

sounds like you have found The River Of Dreams

Maybe you should buy a Piano, man

Who started the billy Joel fire

go to bed joel - its late!

The Night Is Still Young imo

too late for a kid though

The Longest Time

well done Josh - you have something that works, you make money - no point whinging about it

many of would be jealous

of us

josh T
GET A NEW BOWLING ACC...
Someone you trust of course

Gunyah, I see that suggestion often on this forum, but don't they check the I.P. address?

dont you have family that use the same computer ? 

Yes, but if that family member is suddenly betting in the same pattern as I did, won't they then ban both of us?

buy another computer - 400 bucks from dell

You would need another IP address, new computer wont give you that if you're using same internet connection

use 3g wireless donngle stick thingy

That might work depending on how critical speed is

Portal is down . No charges this week?

Re IP address, what about using a SP that uses Dynamic IP?
Will that work? Have started having conversations with people regarding options as this little black duck starts the approach to those magical figures

Joel I used one of those dongle things when i moved house and was waiting for a new internet connection. Way too slow for any in running operation.

Yes

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Lightweight

Week off

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you running dead PC?

That's it LIH, when Castiron called me part of the 'ferengi' i decided my ideals were wrong

Why would i try to maximise profit?
Why should i try to be as good as i can at reading markets?

Nothing personal, PC.

Please remove your curse on me Castiron

sorry that's me PC - I hacked your computer and are following your methods

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So much for my curse, PC.

The Ferengi don't have many losing weeks.

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f uck that is insane!

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can you post your turnover fees as well mate? would make me feel a little better

PCisarip has to reincarnate soon. Lifetime earn appoaching Betfairs next rip off bracket & can't afford to be ripped apart at that level every Wednesday night
Only 2-3 weeks of life left

pass your secrets on to me before you die PC - i wont tell any other c vnt and you can also die happy knwoing its going to a worthy cause

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what a self indulgent first class nob you are !!!!!!

Pot/kettle if ever I've seen it.

I love you too Log
But alas, it's time for me to say good bye. With my lifetime about to hit the 250k mark i've decided to travel around the world for the next 6 months or so. With betfair wanting to take 40-60% of my profits i've decided to take my turnover elsewhere. Enjoy the downturn in liquidity, you only have betfair to blame for the drop of money in the Aus markets recently.

Good luck all, it's been fun (& very profitable )

I didn't think you could take it elsewhere?

It's the beginning of the end when the realisation hits that pcisaclown is taking his $5 per race out of the markets

It's a myth " The Ferangi " are responsible for any upturn in liquidity.

yeah thats it ball-licker keep up the gutless charade behind anonymity

enjoy your break PCisaripoff - please message me your methods so i can keep up the good fight in your absence

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mr off- You may still have some life in your account.(Lifetime net profits*** exceed £250,000.***By ‘net profits’ we mean the amounts won less the amounts lost, on all Betfair markets, less all commission paid and Premium Charges debited.)

helper, you are aptly named.
You're saying i have approx 50k pounds profit before the leap up to 40-60% hits?

I appreciate the info but am already booked for an extended holiday. Will definitely be of help to know next time though. (if they are still charging this ridiculous monopolistic profits tax)

60k because you would be paying another 10k in pc. This is how i interpret betfairs rules but i could be wrong worth a phone call atleast.

Helper is spot on. At the moment you'only' have 200,321 in net profits PC. 50k + to go! And at the rate you're going you'll 'only' be headed for 40%.

You can postpone your holiday for 2 months

Very handy to know when i re enter the betfair markets at some stage in the future

hey PC, no need to worry about all this craap going forward, the grape vine says the whole comm structure will change very shortly, maybe 4% comm all round regardless................except for aussie horse racing i would imagine

The one on April first?