New Posts For Thread: iis it true that only 0.27% even manage to make the equvilent of minimum wage on herehttps://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here2011 is pretty different from 2004, imo.https://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513295135#5132951352011 is pretty different from 2004, imo.Thu, 01 Dec 2011 11:21:26 -0600Eddie,7000 certainly sounds about right .But why is it relatively easy for such a small group to take so much of the cake ? surely there are more than 7,000 Betting boffins out there ?https://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513294005#513294005Eddie,7000 certainly sounds about right .But why is it relatively easy for such a small group to take so much of the cake ? surely there are more than 7,000 Betting boffins out there ?Thu, 01 Dec 2011 10:48:46 -0600It's not at all hard to believe, seeing as some big punters will make £15k+ just by luck, in the same way that someone might be up a few tenners or more having placed a couple of hundred quid worth of bets over the year.https://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513291477#513291477It's not at all hard to believe, seeing as some big punters will make £15k+ just by luck, in the same way that someone might be up a few tenners or more having placed a couple of hundred quid worth of bets over the year.Thu, 01 Dec 2011 09:32:16 -0600He neglected to mention the 0.001% who made more than £10,000,000https://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513291363#513291363He neglected to mention the 0.001% who made more than £10,000,000Thu, 01 Dec 2011 09:29:54 -0600The figures the CEO submitted to parliament in 2004 (for 2003):0.71% of the 200,000 active customers made £15,0001.09% of the 200,000 active customers made £8,000 (tax bracket)https://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513289231#513289231The figures the CEO submitted to parliament in 2004 (for 2003):0.71% of the 200,000 active customers made £15,0001.09% of the 200,000 active customers made £8,000 (tax bracket)Thu, 01 Dec 2011 08:29:29 -0600Coach, if modk is correct, the number would be closer to 7000. I think that could be true, especially when you consider 480 people were caught in the PC3 net this summer. That number is probably higher now and those caught had to have made at leasthttps://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513284743#513284743Coach, if modk is correct, the number would be closer to 7000. I think that could be true, especially when you consider 480 people were caught in the PC3 net this summer. That number is probably higher now and those caught had to have made at leastThu, 01 Dec 2011 05:47:23 -0600unless they have better things to do and make more than enough at workhttps://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513284053#513284053unless they have better things to do and make more than enough at workThu, 01 Dec 2011 05:16:21 -0600I guess we'll never know and it doesn't really matter, but 1.4% is an awful lot of clever punters beating commission - 14,000 punters making 15k or more over a year, I can't believe it, and some may only have had one bet to qualify as an active custohttps://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513284031#513284031I guess we'll never know and it doesn't really matter, but 1.4% is an awful lot of clever punters beating commission - 14,000 punters making 15k or more over a year, I can't believe it, and some may only have had one bet to qualify as an active custoThu, 01 Dec 2011 05:15:37 -0600modk, you may be right as it's a long time ago, but I remember having read something about 1.4 % somewhere. It may have been on another matter though.https://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513283303#513283303modk, you may be right as it's a long time ago, but I remember having read something about 1.4 % somewhere. It may have been on another matter though.Thu, 01 Dec 2011 04:38:21 -0600Eddie's right, the figures were submitted to the government to demonstrate how few of their users made a "wage" from their activities to persuade them not to change the tax rules.https://community.betfair.com/general_betting/go/thread/view/94082/28733087/iis-it-true-that-only-027-even-manage-to-make-the-equvilent-of-minimum-wage-on-here?post_id=513283003#513283003Eddie's right, the figures were submitted to the government to demonstrate how few of their users made a "wage" from their activities to persuade them not to change the tax rules.Thu, 01 Dec 2011 04:15:28 -0600