New Posts For Thread: premium charge letter to competition commission, members of parliament e.t.chttps://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc"Betfair Plc's insatiable appetite for short-term profit appears to know no bounds. The once innovative 5% flat-rate online betting exchange first ramped up its transaction charges in 2008 with the introduction of a 20% Premium Tax on client gross prIf you can't tell whether it's true or not how can you judge it to be unethical?https://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501314757#501314757If you can't tell whether it's true or not how can you judge it to be unethical?Fri, 01 Jul 2011 11:22:14 -0500It may or may not be true,its still unethicalhttps://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501309377#501309377It may or may not be true,its still unethicalFri, 01 Jul 2011 10:27:11 -0500"In essence if you have failed to generate commission of at least 60% of your gross profits over the lifetime of your account, over and above a certain threshold, Betfair will dip their hand into your wallet and reclaim the difference."This is not trhttps://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501307873#501307873"In essence if you have failed to generate commission of at least 60% of your gross profits over the lifetime of your account, over and above a certain threshold, Betfair will dip their hand into your wallet and reclaim the difference."This is not trFri, 01 Jul 2011 10:11:36 -0500Alan, it's all very well making up hypothetical cases to demonstrate how bad the charge might be but Johnny Bigbucks doesn't exist, the scenario you've created is absurd and your maths is wrong!https://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501249237#501249237Alan, it's all very well making up hypothetical cases to demonstrate how bad the charge might be but Johnny Bigbucks doesn't exist, the scenario you've created is absurd and your maths is wrong!Thu, 30 Jun 2011 16:48:22 -0500Option 1 is entirely reasonable Alan.Option 2 is an utter waste of time imo and the very clever people on here who make large sums of money will surely realise that. The 500 or so that are affected by this can go elsewhere or pack it in if they are uhttps://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501195845#501195845Option 1 is entirely reasonable Alan.Option 2 is an utter waste of time imo and the very clever people on here who make large sums of money will surely realise that. The 500 or so that are affected by this can go elsewhere or pack it in if they are uThu, 30 Jun 2011 08:19:54 -0500There would seem to be two avenues:1. Shareholders to kick up a stink at the AGM (particularly if this starts to hit liquity/profits)2. Someone who is affected by these charges to take BF to court. I said this when the original charges were introducehttps://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501194637#501194637There would seem to be two avenues:1. Shareholders to kick up a stink at the AGM (particularly if this starts to hit liquity/profits)2. Someone who is affected by these charges to take BF to court. I said this when the original charges were introduceThu, 30 Jun 2011 08:08:08 -0500nice post, good luck!https://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501190965#501190965nice post, good luck!Thu, 30 Jun 2011 07:25:10 -0500some sensible comments above - the Competition Commission will not be remotely interested in this and there are probably more MP's than 60% players on here - less than 1 per constituency!The argument should be with betfair and if government were to ghttps://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501189585#501189585some sensible comments above - the Competition Commission will not be remotely interested in this and there are probably more MP's than 60% players on here - less than 1 per constituency!The argument should be with betfair and if government were to gThu, 30 Jun 2011 07:07:09 -0500The games over, if a tax isn't introduced over the next few years then any alternative such as Betdak can only eventually go down the same route as Betfairhttps://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501189333#501189333The games over, if a tax isn't introduced over the next few years then any alternative such as Betdak can only eventually go down the same route as BetfairThu, 30 Jun 2011 07:02:50 -0500KC is absolutely correct. We can't really rely on anyone to help us out of this situation, and given the regulatory environment, which is changing in other countries, need to be careful we don't do more harm than good.https://community.betfair.com/general_betting/go/thread/view/94082/27946793/premium-charge-letter-to-competition-commission-members-of-parliament-etc?post_id=501188529#501188529KC is absolutely correct. We can't really rely on anyone to help us out of this situation, and given the regulatory environment, which is changing in other countries, need to be careful we don't do more harm than good.Thu, 30 Jun 2011 06:52:37 -0500