New Posts For Thread: Can anyone do the maths ?https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-mathsBetfair boss spends £1mDate: Friday 15 Jul 2011LONDON (ShareCast) - Betfair’s chairman and co-founder Edward Wray has opened his account at the online gambling group in a big way, splashing out £1m on shares. He took 152,578 at 655.4p a pop. TheI don't consider it as realised until withdrawn, although what you're saying does make sense. You can view each bet in isolation, but even Betfair don't do that when charging PC.https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504076805#504076805I don't consider it as realised until withdrawn, although what you're saying does make sense. You can view each bet in isolation, but even Betfair don't do that when charging PC.Wed, 03 Aug 2011 16:17:43 -0500Not in accounting terms.A profit in gambling would be considered to be fully realised when the event is finished.Nothing to do with when you take your cash out of your account.https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504075997#504075997Not in accounting terms.A profit in gambling would be considered to be fully realised when the event is finished.Nothing to do with when you take your cash out of your account.Wed, 03 Aug 2011 16:00:27 -0500I mean I don't consider profits realised until they are withdrawn. Until then it's a paper profit, similar to owning shares that double or triple in value while you hold them.https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504075813#504075813I mean I don't consider profits realised until they are withdrawn. Until then it's a paper profit, similar to owning shares that double or triple in value while you hold them.Wed, 03 Aug 2011 15:55:59 -0500" Are you perhaps---"https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504075727#504075727" Are you perhaps---"Wed, 03 Aug 2011 15:54:17 -0500Not on here ?I thought the PC was on actual GP ?As you perhaps confusing things with the fact that realised share profits and losses can be offset over a tax year, but on BF there is no offset of losses against profits over any reasonable period ?https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504075549#504075549Not on here ?I thought the PC was on actual GP ?As you perhaps confusing things with the fact that realised share profits and losses can be offset over a tax year, but on BF there is no offset of losses against profits over any reasonable period ?Wed, 03 Aug 2011 15:50:35 -0500profits on shares are only taxed once realised, not like on here.https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504075437#504075437profits on shares are only taxed once realised, not like on here.Wed, 03 Aug 2011 15:48:12 -0500Actually profits from shares are taxed and taxed like the premium charge only city boys don't cry about paying charges to environments they live and trade in unless your the head investor for bearings bank (worst gambler in history)https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504071619#504071619Actually profits from shares are taxed and taxed like the premium charge only city boys don't cry about paying charges to environments they live and trade in unless your the head investor for bearings bank (worst gambler in history)Wed, 03 Aug 2011 14:40:20 -0500Your slip is showing girls.https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504071007#504071007Your slip is showing girls.Wed, 03 Aug 2011 14:29:42 -0500Having said that, hes obviously the sort of punter Betfair are now looking for...No danger of a Premium Chrge there... Ha Ha...https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504070099#504070099Having said that, hes obviously the sort of punter Betfair are now looking for...No danger of a Premium Chrge there... Ha Ha...Wed, 03 Aug 2011 14:13:16 -0500LOL... just goot that Lori...Was about to say he had a result not spending the other 4 quid !https://community.betfair.com/general_betting/go/thread/view/94082/28092523/can-anyone-do-the-maths?post_id=504070015#504070015LOL... just goot that Lori...Was about to say he had a result not spending the other 4 quid !Wed, 03 Aug 2011 14:11:23 -0500