New Posts For Thread: Is 'Total Charges' redundant for the new PC?https://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pcAfter reading around, I have just one question.With the new PC charge, is it now 'Lifetime Commission Generated' as a proportion of 'Gross PL' that determines whether/how much you pay for that week? And will the charge be (40%/50%/60% of Gross PL) -no point printing it out and emailing it to yourself getafix. they made an error in the wording when they first introduced the pc and simply changed it to what they had intended without any announcement.https://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502457073#502457073no point printing it out and emailing it to yourself getafix. they made an error in the wording when they first introduced the pc and simply changed it to what they had intended without any announcement.Thu, 14 Jul 2011 11:36:05 -0500jme, yes.https://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502440561#502440561jme, yes.Thu, 14 Jul 2011 08:19:29 -0500"Mr Magoo:The commission bit is ( Commission paid + Implied commission ) / 2, just like the old PC"I was just wondering about this the other day.So if you were to be the worlds greatest gambler, win 250k and never lose, and paid 5% commission on it,https://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502437001#502437001"Mr Magoo:The commission bit is ( Commission paid + Implied commission ) / 2, just like the old PC"I was just wondering about this the other day.So if you were to be the worlds greatest gambler, win 250k and never lose, and paid 5% commission on it,Thu, 14 Jul 2011 07:24:35 -0500If one was to attempt to Churn his way out of PC2 (band 60%), would he have to generate 60% instead of the old 20% of profits to successfully avoid this Super Duper Tax?https://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502435389#502435389If one was to attempt to Churn his way out of PC2 (band 60%), would he have to generate 60% instead of the old 20% of profits to successfully avoid this Super Duper Tax?Thu, 14 Jul 2011 06:59:05 -0500Templeton, it works exactly the same as the old pc (you just swap 20% with 40/50/60 as applicable to you). I wondered this too, and reading through the betfair charges put my mind to rest:http://sports.betfair.com/aboutUs/Betfair.Charges/quote: Thehttps://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502426249#502426249Templeton, it works exactly the same as the old pc (you just swap 20% with 40/50/60 as applicable to you). I wondered this too, and reading through the betfair charges put my mind to rest:http://sports.betfair.com/aboutUs/Betfair.Charges/quote: TheThu, 14 Jul 2011 04:09:13 -0500Exactly, that's what had me concerned. I've just re-read their t+c and it seems to suggest it's only commission generated when calculating the % rate you incur but the amount you pay is calculated in the normal way (i.e. 40% or 50% or 60% of Gross Phttps://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502395697#502395697Exactly, that's what had me concerned. I've just re-read their t+c and it seems to suggest it's only commission generated when calculating the % rate you incur but the amount you pay is calculated in the normal way (i.e. 40% or 50% or 60% of Gross PWed, 13 Jul 2011 17:59:41 -0500I don't know the answer to that. The system would have to take into account the PC charges paid in the past though, because otherwise you would forever be paying for previous weeks.https://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502394945#502394945I don't know the answer to that. The system would have to take into account the PC charges paid in the past though, because otherwise you would forever be paying for previous weeks.Wed, 13 Jul 2011 17:47:11 -0500Mr Magoo13 Jul 11 22:47 Joined: 28 Mar 05 | Topic/replies: 496 | Blogger: Mr Magoo's blogThe 'Other Charges' are not taken into account for the latest premium charge, Betfair told me.'Other Charges' aren't the same as 'Premium Charges (exc. last weekhttps://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502394805#502394805Mr Magoo13 Jul 11 22:47 Joined: 28 Mar 05 | Topic/replies: 496 | Blogger: Mr Magoo's blogThe 'Other Charges' are not taken into account for the latest premium charge, Betfair told me.'Other Charges' aren't the same as 'Premium Charges (exc. last weekWed, 13 Jul 2011 17:44:39 -0500I'm just asking whether PC already paid will be used when calculating PC to be paid for the current week. At present:Each week the customers who meet all the conditions set out above will be charged the lesser of:The difference between 20%† of thehttps://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502394689#502394689I'm just asking whether PC already paid will be used when calculating PC to be paid for the current week. At present:Each week the customers who meet all the conditions set out above will be charged the lesser of:The difference between 20%† of theWed, 13 Jul 2011 17:42:49 -0500Thought so Mr Magoo.Nice to have it confirmed though by someone who has actually bothered to talk to BF about it.Bit too thorough an approach for most of us on here it would seem.https://community.betfair.com/general_betting/go/thread/view/94082/28009053/is-total-charges-redundant-for-the-new-pc?post_id=502392001#502392001Thought so Mr Magoo.Nice to have it confirmed though by someone who has actually bothered to talk to BF about it.Bit too thorough an approach for most of us on here it would seem.Wed, 13 Jul 2011 17:05:46 -0500