New Posts For Thread: Lifetime Profits for Premium Chargehttps://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-chargeThe Premium Charge was brought in to compensate Betfair from big winners that cost the exchange money. But instead of it being a 10 year rolling profits of £250,000 needed to qualify. It is £250,000 net profits over your lifetime. As the premium chThe whole model of 'fairness' can be discarded, as it does not help to predict future changes in the PC.https://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516895181#516895181The whole model of 'fairness' can be discarded, as it does not help to predict future changes in the PC.Mon, 27 Feb 2012 10:26:17 -0600Ok, I can see that you are highlighting the discrepancy in commission between someone on pc and super pc. My point is that a bigger discrepancy already existed between users paying, say, 10% and 50% commission.To illustrate my point using somethinghttps://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516888219#516888219Ok, I can see that you are highlighting the discrepancy in commission between someone on pc and super pc. My point is that a bigger discrepancy already existed between users paying, say, 10% and 50% commission.To illustrate my point using somethingMon, 27 Feb 2012 06:51:37 -0600Does the truth hurt, betfair?https://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516887869#516887869Does the truth hurt, betfair?Mon, 27 Feb 2012 06:37:59 -0600I didn't doubt that you would find my analogy flawed, but I don't think it's that bad.The retailer who has sold Coca Cola for twenty years must have had it good until seven years ago when he got a local competitor. Probably had a bit higher profit mahttps://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516887419#516887419I didn't doubt that you would find my analogy flawed, but I don't think it's that bad.The retailer who has sold Coca Cola for twenty years must have had it good until seven years ago when he got a local competitor. Probably had a bit higher profit maMon, 27 Feb 2012 06:12:09 -0600Eddie, I have seen some of your examples and sympathise with the effect pc has on boom and bust profits. I think I have always expressed my disapproval of this and support a rebate system of some kind.In general the commission system/pc isn't fair ahttps://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516886299#516886299Eddie, I have seen some of your examples and sympathise with the effect pc has on boom and bust profits. I think I have always expressed my disapproval of this and support a rebate system of some kind.In general the commission system/pc isn't fair aMon, 27 Feb 2012 05:05:08 -0600Anyone aware of when the latest PC amendment is to be introduced?( Pre-race and in-running being treated as two divisions on the same account for PC purposes). It sounds like a mess to me, back to lays would be impossible to begin with.https://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516886117#516886117Anyone aware of when the latest PC amendment is to be introduced?( Pre-race and in-running being treated as two divisions on the same account for PC purposes). It sounds like a mess to me, back to lays would be impossible to begin with.Mon, 27 Feb 2012 04:54:21 -0600In business where you have one supplier and a thousand buyers, or one buyer and a thousand suppliers, the thousand will always get screwed.https://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516886013#516886013In business where you have one supplier and a thousand buyers, or one buyer and a thousand suppliers, the thousand will always get screwed.Mon, 27 Feb 2012 04:46:44 -0600The real problem with the 250k limit is it encourages people with winning systems to sell them on. The whole can of worms as to what is an 'entity' is then opened up. If lots of people use the same methods from the same teacher is the £250k limit sphttps://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516885721#516885721The real problem with the 250k limit is it encourages people with winning systems to sell them on. The whole can of worms as to what is an 'entity' is then opened up. If lots of people use the same methods from the same teacher is the £250k limit spMon, 27 Feb 2012 04:25:36 -0600catfleppo, I actually think it's you who don't fully understand how PC may affect some customers. All your comments are made with the view that only what's referred to as traders on here are the ones paying PC. Plenty of punters/position takers are chttps://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516885431#516885431catfleppo, I actually think it's you who don't fully understand how PC may affect some customers. All your comments are made with the view that only what's referred to as traders on here are the ones paying PC. Plenty of punters/position takers are cMon, 27 Feb 2012 04:07:05 -0600"On the contrary I think the pc is only disputed by those who either don't properly understand it or are annoyed because they have to pay it."Disagree with this. You can most definately be understanding of some form of cap on the profit margin for lohttps://community.betfair.com/general_betting/go/thread/view/94082/28947829/lifetime-profits-for-premium-charge?post_id=516885271#516885271"On the contrary I think the pc is only disputed by those who either don't properly understand it or are annoyed because they have to pay it."Disagree with this. You can most definately be understanding of some form of cap on the profit margin for loMon, 27 Feb 2012 03:55:04 -0600