New Posts For Thread: PC Maths, net profit- gross profithttps://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profitBeen trying to work out fully how the Premium charge is calculated & think I understand how the commission generated is calculated . The thing I'm struggling with is the PC is taken off the gross profit, right? & then commission generated % is takenClacker,If you baked 3 horses for £100 and had a 2/1 winner you would not have any deductions so dont understand your point.If you backed the winner on one account and the 2 losers on another you would pay £200 x say 5% = £10 in commission and payhttps://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503771091#503771091Clacker,If you baked 3 horses for £100 and had a 2/1 winner you would not have any deductions so dont understand your point.If you backed the winner on one account and the 2 losers on another you would pay £200 x say 5% = £10 in commission and payThu, 28 Jul 2011 06:18:58 -0500That would be tasty clacker .https://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503728253#503728253That would be tasty clacker .Wed, 27 Jul 2011 16:51:23 -0500No, implied commission is only credited for net losses on a market.https://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503727009#503727009No, implied commission is only credited for net losses on a market.Wed, 27 Jul 2011 16:39:18 -0500Do you get implied commission if you are dutching eg. if you back three horses in a race for £100 each,one wins at 2/1 therefore (apart from usual deduction) you are level on the race,do you get credit for the £200 worth of losers?https://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503725681#503725681Do you get implied commission if you are dutching eg. if you back three horses in a race for £100 each,one wins at 2/1 therefore (apart from usual deduction) you are level on the race,do you get credit for the £200 worth of losers?Wed, 27 Jul 2011 16:26:26 -0500Yes but if your commission generated is higher your actual commission will be higher meaning a bigger difference between Gross profit & net profit? There will be a higher difference in the numbers but not in the % Calculating what you are supposed thttps://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503722901#503722901Yes but if your commission generated is higher your actual commission will be higher meaning a bigger difference between Gross profit & net profit? There will be a higher difference in the numbers but not in the % Calculating what you are supposed tWed, 27 Jul 2011 15:58:33 -0500Yes but if your commission generated is higher your actual commission will be higher meaning a bigger difference between Gross profit & net profit? Isn't it worked out to gross profit so they can charge you more without you knowing (because nobody cahttps://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503722229#503722229Yes but if your commission generated is higher your actual commission will be higher meaning a bigger difference between Gross profit & net profit? Isn't it worked out to gross profit so they can charge you more without you knowing (because nobody caWed, 27 Jul 2011 15:51:40 -0500He wouldn't have paid as much as 2.550 in commission if his GP was 10 k and CG was 20 %. The PC is as yoiu said calculated on GP, so almost everyone will pay more than the rate they are on.https://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503721641#503721641He wouldn't have paid as much as 2.550 in commission if his GP was 10 k and CG was 20 %. The PC is as yoiu said calculated on GP, so almost everyone will pay more than the rate they are on.Wed, 27 Jul 2011 15:46:59 -0500if you are subject to the premium charge, you must pay a minimum defined percentage of your gross profit in charges.the premium charge ensures that this percentage is met, should your commission generated fall below the defined percentage.so if you phttps://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503721265#503721265if you are subject to the premium charge, you must pay a minimum defined percentage of your gross profit in charges.the premium charge ensures that this percentage is met, should your commission generated fall below the defined percentage.so if you pWed, 27 Jul 2011 15:43:27 -0500Been trying to work out fully how the Premium charge is calculated & think I understand how the commission generated is calculated . The thing I'm struggling with is the PC is taken off the gross profit, right? & then commission generated % is takenhttps://community.betfair.com/general_betting/go/thread/view/94082/28076409/pc-maths-net-profit--gross-profit?post_id=503720577#503720577Been trying to work out fully how the Premium charge is calculated & think I understand how the commission generated is calculated . The thing I'm struggling with is the PC is taken off the gross profit, right? & then commission generated % is takenWed, 27 Jul 2011 15:35:58 -0500