New Posts For Thread: Calling gamblers hit by new chargeshttps://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-chargesPlease see the "Premium Charge Rebates" thread.For most of us the need for rebates will very likely increase as we'll be facing a charge we have no backup for.As an example, I've paid lifetime generated of 25% so will have to pay pc's of 40%. Let's sIn the United Kingdom income tax is 50% for people earning over £150,000 I believe.https://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501054945#501054945In the United Kingdom income tax is 50% for people earning over £150,000 I believe.Tue, 28 Jun 2011 19:11:06 -0500I agree you have to understand exactly how your edge is created, and be playing in mkts where you can increase your volumes. In football you certainly can to a large extent.https://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501052257#501052257I agree you have to understand exactly how your edge is created, and be playing in mkts where you can increase your volumes. In football you certainly can to a large extent.Tue, 28 Jun 2011 18:28:11 -0500Been there and done that, when it went up to 20%. 40% is a bridge too far in my opinion, I just don't see how you can be so confident in such a small edge. Will probably be a lot of boy who try something like that and end up going bust as a result.https://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501051857#501051857Been there and done that, when it went up to 20%. 40% is a bridge too far in my opinion, I just don't see how you can be so confident in such a small edge. Will probably be a lot of boy who try something like that and end up going bust as a result.Tue, 28 Jun 2011 18:22:44 -0500KR and ParetoCan't you somehow smooth your variances out by betting in larger proportionate volumes on the lower margin, less volatile type bets ?https://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501051617#501051617KR and ParetoCan't you somehow smooth your variances out by betting in larger proportionate volumes on the lower margin, less volatile type bets ?Tue, 28 Jun 2011 18:20:21 -0500FINE AS FROG HAIR, the answer is in the opening post. If we could rely on consistent winnings every week then I'm sure many of us would decide to carry on @ 40%. However with the variance involved in betting, and the absence of rebates, it makes lohttps://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501050437#501050437FINE AS FROG HAIR, the answer is in the opening post. If we could rely on consistent winnings every week then I'm sure many of us would decide to carry on @ 40%. However with the variance involved in betting, and the absence of rebates, it makes loTue, 28 Jun 2011 18:03:50 -0500@ Fine as Frog hairWell, when they charge it each week, then I certainly can.What do you mean if I bet normally and recreationally I will end up paying more than 40%? Remember as I said one year ago, I was no where near 40%. I was probably at 70-80%.https://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501047317#501047317@ Fine as Frog hairWell, when they charge it each week, then I certainly can.What do you mean if I bet normally and recreationally I will end up paying more than 40%? Remember as I said one year ago, I was no where near 40%. I was probably at 70-80%.Tue, 28 Jun 2011 17:22:40 -0500ParetoYou can't really look at the charges on a one off bet basis.If you bet just normally and recreationally, you'll ending up paying more than 40% of your gross profit in " charges".Bet at pinnacle etc and add up the true costs over a period of timhttps://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501046573#501046573ParetoYou can't really look at the charges on a one off bet basis.If you bet just normally and recreationally, you'll ending up paying more than 40% of your gross profit in " charges".Bet at pinnacle etc and add up the true costs over a period of timTue, 28 Jun 2011 17:13:20 -0500@Fine As Frog HairI am not a trader, but a normal gambler ( I do sometimes trade out, but not normally). My last bet was laying DK U17 vs Australia U17. Why would I make such a bet in the future, when I know if I win I have to pay 40% in premium charhttps://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501045505#501045505@Fine As Frog HairI am not a trader, but a normal gambler ( I do sometimes trade out, but not normally). My last bet was laying DK U17 vs Australia U17. Why would I make such a bet in the future, when I know if I win I have to pay 40% in premium charTue, 28 Jun 2011 17:00:40 -0500ParetoYou're still making a profit with themWhy quit then?Only if you can do better elsewhere ?.Surely not on principle.?After all any profit is worth getting, assuming the risk and time factors are still in proprtion.https://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501044657#501044657ParetoYou're still making a profit with themWhy quit then?Only if you can do better elsewhere ?.Surely not on principle.?After all any profit is worth getting, assuming the risk and time factors are still in proprtion.Tue, 28 Jun 2011 16:51:14 -0500Pareto , its Betfairs way of closing winning accounts they dont want or need you .......... how sadhttps://community.betfair.com/general_betting/go/thread/view/94082/27939145/calling-gamblers-hit-by-new-charges?post_id=501044021#501044021Pareto , its Betfairs way of closing winning accounts they dont want or need you .......... how sadTue, 28 Jun 2011 16:45:05 -0500