New Posts For Thread: premium charge - how does it work?https://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-workfrom reading through the FAQ pages, how the premium charge works is still a mystery to me. Fortunately/unfortunately, I've never come close to paying it, but could someone explain how it works in lay man terms.cheers,Ractually: Win markets(£) Lose Markets(£) GP CommPay CommGen PC NET Charges paid (%)https://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477904557#477904557actually: Win markets(£) Lose Markets(£) GP CommPay CommGen PC NET Charges paid (%)Mon, 13 Dec 2010 12:51:16 -0600Thanks Escapee!It's: Win markets(£) Lose Markets(£) GP CommPay CommGen PC NET Charges paid (%)https://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477904369#477904369Thanks Escapee!It's: Win markets(£) Lose Markets(£) GP CommPay CommGen PC NET Charges paid (%)Mon, 13 Dec 2010 12:49:35 -0600Marksman, it seems as certain people on here know far more about the PC than BF staff. Shocking state of events.https://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477891345#477891345Marksman, it seems as certain people on here know far more about the PC than BF staff. Shocking state of events.Mon, 13 Dec 2010 10:46:49 -0600SelkirkAgain, I haven't a clue whether he would be liable for PC or not. And I bet if you rang up the Betfair help desk, they wouldn't know either.https://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477890465#477890465SelkirkAgain, I haven't a clue whether he would be liable for PC or not. And I bet if you rang up the Betfair help desk, they wouldn't know either.Mon, 13 Dec 2010 10:37:15 -0600Hypothetical example here (obviously when you read it)BF user lays a market for £10 with the intention of winning £100 per day. Some winners amongst those lays but hits his target of £100 every day over a period of 6 months. Is he liable for the Phttps://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477886617#477886617Hypothetical example here (obviously when you read it)BF user lays a market for £10 with the intention of winning £100 per day. Some winners amongst those lays but hits his target of £100 every day over a period of 6 months. Is he liable for the PMon, 13 Dec 2010 09:56:19 -0600not sure thats how you wanted it but you get the ideahttps://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477884665#477884665not sure thats how you wanted it but you get the ideaMon, 13 Dec 2010 09:35:15 -0600Investor, to format stuff, just put 2 pipe '|' characters at the start and end of the line and between each fieldi.e. pp FIELD 1 pp FIELD 2 pp ( where pp = 2 x | ) FIELD 1 FIELD 2 2% commission payer Win markets (£) Lose Markets (£)GPhttps://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477884425#477884425Investor, to format stuff, just put 2 pipe '|' characters at the start and end of the line and between each fieldi.e. pp FIELD 1 pp FIELD 2 pp ( where pp = 2 x | ) FIELD 1 FIELD 2 2% commission payer Win markets (£) Lose Markets (£)GPMon, 13 Dec 2010 09:32:52 -0600Sorry for the crappy formatting. When I say 'breakeven strategy' it refers to a breakeven GP, obviously a strategy that breaks even after commission would be beneficial no matter what commission rate you are on.https://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477880757#477880757Sorry for the crappy formatting. When I say 'breakeven strategy' it refers to a breakeven GP, obviously a strategy that breaks even after commission would be beneficial no matter what commission rate you are on.Mon, 13 Dec 2010 08:50:23 -0600Eddie,It's correct that it's easier to avoid on a low commission rate. A sub 3% commission payer profits from otherwise breakeven strategies. A PC payer paying 3%+ commission suffers as a result of employing the same strategy (ignoring the beneficialhttps://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477880373#477880373Eddie,It's correct that it's easier to avoid on a low commission rate. A sub 3% commission payer profits from otherwise breakeven strategies. A PC payer paying 3%+ commission suffers as a result of employing the same strategy (ignoring the beneficialMon, 13 Dec 2010 08:46:32 -0600turtleshead is correct in his first statement and I don't think anyone on 2% can keep up the strike rate needed to pay PC in the long run, but it's certainly possible to hit both 2 % and pay PC for a short while when on a good run. I don't think hehttps://community.betfair.com/general_betting/go/thread/view/94082/26401233/premium-charge---how-does-it-work?post_id=477862965#477862965turtleshead is correct in his first statement and I don't think anyone on 2% can keep up the strike rate needed to pay PC in the long run, but it's certainly possible to hit both 2 % and pay PC for a short while when on a good run. I don't think heMon, 13 Dec 2010 03:58:06 -0600