New Posts For Thread: Those of you who know about the PChttps://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pcFor the week commencing the 5th April I have had £12.45 deducted from my account for premium charge. I'm just wondering if this is correct.My gross winnings for that week are £169.50. My winnings after commission are £139.97. Thus the commissioOf course you can only use the profit and loss figures to calculate your PC if you were charged PC in the previous week. Otherwise you would need your life time p&L figures wouldn't you?https://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333118#430333118Of course you can only use the profit and loss figures to calculate your PC if you were charged PC in the previous week. Otherwise you would need your life time p&L figures wouldn't you?Thu, 15 Apr 2010 06:48:26 -0500Actually I have now managed to figure out how to get the PC by using the profit and loss figures.I paid £12.45 PC. This equates to a percentage of 19.99901. In other words I have been charged correctly!https://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333114#430333114Actually I have now managed to figure out how to get the PC by using the profit and loss figures.I paid £12.45 PC. This equates to a percentage of 19.99901. In other words I have been charged correctly!Thu, 15 Apr 2010 06:36:54 -0500did you place any bets on the masters golf CH?if so those markets were settled just after midnight on sunday but are included for last week as betfair continue to use GMT instead of BST.https://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333110#430333110did you place any bets on the masters golf CH?if so those markets were settled just after midnight on sunday but are included for last week as betfair continue to use GMT instead of BST.Thu, 15 Apr 2010 06:17:42 -0500I'm using the the wins and losses details as given in betfair history. It counts every single win and loss, not the net amount won or lost on each market. The betfair profit and loss provides the latter but with commission already subtracted!This ihttps://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333106#430333106I'm using the the wins and losses details as given in betfair history. It counts every single win and loss, not the net amount won or lost on each market. The betfair profit and loss provides the latter but with commission already subtracted!This iThu, 15 Apr 2010 05:50:31 -0500Your definition of total winnings and total losses is different from everyone else's reading this thread I think, that's what has caused the confusion.https://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333102#430333102Your definition of total winnings and total losses is different from everyone else's reading this thread I think, that's what has caused the confusion.Thu, 15 Apr 2010 03:53:47 -0500The commission I pay is not 5% of that £12,000 odd! You have to consider the total amount won or lost on each market. If I lay £100 on 1-0 at 8.2 and back £100 for the same score at 8.4 and the score ends up 1-0 and they're the only bets I placehttps://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333098#430333098The commission I pay is not 5% of that £12,000 odd! You have to consider the total amount won or lost on each market. If I lay £100 on 1-0 at 8.2 and back £100 for the same score at 8.4 and the score ends up 1-0 and they're the only bets I placeWed, 14 Apr 2010 20:41:36 -0500Implied Commission = market losses x 3%https://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333094#430333094Implied Commission = market losses x 3%Wed, 14 Apr 2010 16:21:44 -0500Impossible to pay PC on a losing week.The commission you paid on your winning bets would be more than your gross profit.https://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333090#430333090Impossible to pay PC on a losing week.The commission you paid on your winning bets would be more than your gross profit.Wed, 14 Apr 2010 13:15:29 -0500Cosmic Horizon 14 Apr 17:14 My total losses amount to £12,350.74 not £100!!My total winnings amount to £12,520.24 (before comm and PC)I have no idea how you work out the implied commission. Anyone any idea?Implied commission assuming you'rhttps://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333086#430333086Cosmic Horizon 14 Apr 17:14 My total losses amount to £12,350.74 not £100!!My total winnings amount to £12,520.24 (before comm and PC)I have no idea how you work out the implied commission. Anyone any idea?Implied commission assuming you'rWed, 14 Apr 2010 13:05:04 -0500My total losses amount to £12,350.74 not £100!!My total winnings amount to £12,520.24 (before comm and PC)I have no idea how you work out the implied commission. Anyone any idea?https://community.betfair.com/general_betting/go/thread/view/94082/23869654/those-of-you-who-know-about-the-pc?post_id=430333082#430333082My total losses amount to £12,350.74 not £100!!My total winnings amount to £12,520.24 (before comm and PC)I have no idea how you work out the implied commission. Anyone any idea?Wed, 14 Apr 2010 11:14:23 -0500