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Chit Chat
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15 Nov 09
21:42
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Date Joined:
14 Jul 09
Do any chit chatters pay this please? If so I have a question.
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Replies: 23
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shoot
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it doesn't affect small arbers
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Thanks Darren, I don'y pay this but I'm hopeful I may in the future.
What's the highest charge you would pay. I've never really looked into it as it doesn't affect me, but say for example you win £1,000,000 every year. What percentage of this would you lose, on top of commission? |
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clarky9 would know, but he's obviously got other priorities at the mo.
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You could easily win 1 million pounds a year and not pay the PC.
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http://betfairquestions.blogspot.com/2008/09/betafir-premium-charge.html
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Really Jimmy, no idea how it works, but that sounds encouraging.
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Thanks Darren, had a glance at that, but really wanted a quick figure.
So 20% tops, is that right? |
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basically you can win upto a 1000 overall without paying it. After that it depends how much commission you have paid before it kicks in
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Thanks, is that £1k in a month or what?
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22.5% is the magic figure Canny lad.(aggregated with commission )
unless as jimmy suggested you are able to pick big winners and endure heavy losses to somehow circumnavigate the charge with commission . |
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Thanks for that Coach. I'll be laying only unfortunately, so looks like I'll be a 22.5 percenter if things go according to plan.
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mitchell ... 1000 is the element they allow you free ...this is a one off allowance nowadays ,and is based on a LIFETIME
in other words , if you win 10,000 this year from scratch ,you will pay 5% (2.5%) generated = £250 20% premium charge = 2,000 (-250) total payable , = 1,750 allowance (one off) = 1,000 total payable =750 if you contine to win after this ,calculate at 22.5 % |
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ok mate, many thanks for that. My cunnning plan is only at the development stage, but I should be making mega bucks before long. The animal charities will be well rewarded. :-)
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Canny , if i knew a way for you to avoid it i would tell you mate .... some try to 'arb' their way out of paying it .
Dont ask me how and where they get the prices lol . Best of luck Canny anyway ;) |
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Cheers Coach, this is the most interesting strategy I've seen in 40 years of gambling, pity I'm not 25 again.
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Cheers Coach, this is the most interesting strategy I've seen in 40 years of gambling, pity I'm not 25 again.
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Have you worked the strategy on modest stakes yet to give it a good test run , Canny ?
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tbh, it's not really my stategy, but I've tried it on all sorts of stakes. Favouring the 5% of bank approack.
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approach*
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Run!
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Exciting stuff ,Canny ...let me know how it takes shape .
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Will do matey.
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