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mitchell downie
15 Nov 09 21:42
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Date Joined: 14 Jul 09
| Topic/replies: 4,933 | Blogger: mitchell downie's blog
Do any chit chatters pay this please? If so I have a question.

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Replies: 23
By:
Darren Lamb
When: 15 Nov 09 21:43
shoot
By:
a bitofinterest
When: 15 Nov 09 21:44
it doesn't affect small arbers
By:
mitchell downie
When: 15 Nov 09 21:46
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?
By:
mitchell downie
When: 15 Nov 09 21:47
clarky9 would know, but he's obviously got other priorities at the mo.
By:
jimmy69
When: 15 Nov 09 21:48
You could easily win 1 million pounds a year and not pay the PC.
By:
Darren Lamb
When: 15 Nov 09 21:50
http://betfairquestions.blogspot.com/2008/09/betafir-premium-charge.html
By:
mitchell downie
When: 15 Nov 09 21:51
Really Jimmy, no idea how it works, but that sounds encouraging.
By:
mitchell downie
When: 15 Nov 09 21:53
Thanks Darren, had a glance at that, but really wanted a quick figure.

So 20% tops, is that right?
By:
Mighty Whites 2008
When: 15 Nov 09 21:56
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
By:
mitchell downie
When: 15 Nov 09 22:12
Thanks, is that £1k in a month or what?
By:
Coachbuster
When: 15 Nov 09 22:31
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 .
By:
mitchell downie
When: 15 Nov 09 22:33
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.
By:
Coachbuster
When: 15 Nov 09 22:35
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 %
By:
mitchell downie
When: 15 Nov 09 22:44
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. :-)
By:
Coachbuster
When: 15 Nov 09 22:50
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 ;)
By:
mitchell downie
When: 15 Nov 09 22:52
Cheers Coach, this is the most interesting strategy I've seen in 40 years of gambling, pity I'm not 25 again.
By:
mitchell downie
When: 15 Nov 09 22:52
Cheers Coach, this is the most interesting strategy I've seen in 40 years of gambling, pity I'm not 25 again.
By:
Coachbuster
When: 15 Nov 09 22:56
Have you worked the strategy on modest stakes yet to give it a good test run , Canny ?
By:
mitchell downie
When: 15 Nov 09 23:05
tbh, it's not really my stategy, but I've tried it on all sorts of stakes. Favouring the 5% of bank approack.
By:
mitchell downie
When: 15 Nov 09 23:05
approach*
By:
bodil
When: 15 Nov 09 23:07
Run!
By:
Coachbuster
When: 15 Nov 09 23:08
Exciting stuff ,Canny ...let me know how it takes shape .
By:
mitchell downie
When: 15 Nov 09 23:09
Will do matey.
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