New Posts For Thread: Premium Charge - How does the 'big win' exemption work?https://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-workSay if I wanted to have a crack at a ridiculously big win on this week's Masters. If I won an amount bigger than my current lifetime P&L, as I understand it this would constitute more than 50% of my lifetime P&L so I would not have to pay PC on it.II guess the simplest way to think about it is, each week when they do the calculation, if any single win is greater than 50% of your Gross PL at that point in time, that win will be disregarded from calculations.Fairly sure he gave me the correct anshttps://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074958#421074958I guess the simplest way to think about it is, each week when they do the calculation, if any single win is greater than 50% of your Gross PL at that point in time, that win will be disregarded from calculations.Fairly sure he gave me the correct ansThu, 08 Apr 2010 15:45:24 -0500Thanks for getting back to us Knight Rider. Eddie is usally always right about these things.But that seems WEIRD sure thats not a exemption thats only a loan to be repaid after future wins.Plus its setting a precedent that if exemptions can be takenhttps://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074878#421074878Thanks for getting back to us Knight Rider. Eddie is usally always right about these things.But that seems WEIRD sure thats not a exemption thats only a loan to be repaid after future wins.Plus its setting a precedent that if exemptions can be takenThu, 08 Apr 2010 11:57:48 -0500According to my AM, Eddie is right. As soon as the big win went under 50% of Gross PL, it would no longer be exempt and I would have to pay PC.https://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074858#421074858According to my AM, Eddie is right. As soon as the big win went under 50% of Gross PL, it would no longer be exempt and I would have to pay PC.Thu, 08 Apr 2010 08:30:49 -0500KR , I would appreciate that because I know for a fact that what Blessington says didn't happen in my case. I still find it hard to believe that Betfair treat their customers differently , but when you look at the way they have behaved the last cohttps://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074834#421074834KR , I would appreciate that because I know for a fact that what Blessington says didn't happen in my case. I still find it hard to believe that Betfair treat their customers differently , but when you look at the way they have behaved the last coTue, 06 Apr 2010 03:03:50 -0500Thanks guys, since it is not clear cut I have asked my account manager for clarification. Not gonna paste his reply on here but will let you know the outcome.Cheershttps://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074830#421074830Thanks guys, since it is not clear cut I have asked my account manager for clarification. Not gonna paste his reply on here but will let you know the outcome.CheersMon, 05 Apr 2010 14:55:47 -0500EDDIE...Yeah that what they did in the first year or first few months for me and the guy was all kind of jiggy in Betfair telling me how it worked. Telling me not only does a big win means your exempt but it also pushes up your percentage of chargeshttps://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074826#421074826EDDIE...Yeah that what they did in the first year or first few months for me and the guy was all kind of jiggy in Betfair telling me how it worked. Telling me not only does a big win means your exempt but it also pushes up your percentage of chargesMon, 05 Apr 2010 14:28:26 -0500Blessington , are you sure because it didn't in my case. What happens, at least in my case, is that the big win is withdrawn from your total win amount and the total charges is therefore still around 20 %. The problem with this occure later if yohttps://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074822#421074822Blessington , are you sure because it didn't in my case. What happens, at least in my case, is that the big win is withdrawn from your total win amount and the total charges is therefore still around 20 %. The problem with this occure later if yoMon, 05 Apr 2010 14:00:09 -0500EDDIE...When I got exempt for a win.The amount that should have been due, went on my account as a Premiun Charges paid.....Which of course I hadn't.https://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074818#421074818EDDIE...When I got exempt for a win.The amount that should have been due, went on my account as a Premiun Charges paid.....Which of course I hadn't.Mon, 05 Apr 2010 13:09:20 -0500KR , you are right in assuming it will only be exempt as long as it represent more than 50 % of your total profit. This mean that it's only a delay in paying PC on that win as long as you keep on winning in the future. It's not like you only havehttps://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074814#421074814KR , you are right in assuming it will only be exempt as long as it represent more than 50 % of your total profit. This mean that it's only a delay in paying PC on that win as long as you keep on winning in the future. It's not like you only haveMon, 05 Apr 2010 11:42:06 -0500hopefully it just replaces the first onehttps://community.betfair.com/general_betting/go/thread/view/94082/23538962/premium-charge---how-does-the-big-win-exemption-work?post_id=421074810#421074810hopefully it just replaces the first oneMon, 05 Apr 2010 11:28:56 -0500