New Posts For Thread: Could profitable punting ever be taxed as a 'business'??https://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-businessA few developments could raise concerns of geniune professional punters seeking to make a profit from betting.Firstly we have Betfair banding punters with their premium charge system. A few years ago you got nice invites to events if you were a premfanaticI give Betfair huge credit for many things, but that doesn't mean they are the be all and end all forever!!Introducing the X matching unannounced and introducing PC against retrospective profits (some over several years) shows they are not runhttps://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517782009#517782009fanaticI give Betfair huge credit for many things, but that doesn't mean they are the be all and end all forever!!Introducing the X matching unannounced and introducing PC against retrospective profits (some over several years) shows they are not runWed, 21 Mar 2012 16:42:25 -0500You have to give Betfair credit that even though it started off as a marginal profit business it has been in the ring with many heavyweights of the betting world and not only mananged to stay on its feet but blooded the nose of many of its rivals, Ihttps://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517761051#517761051You have to give Betfair credit that even though it started off as a marginal profit business it has been in the ring with many heavyweights of the betting world and not only mananged to stay on its feet but blooded the nose of many of its rivals, IWed, 21 Mar 2012 06:49:54 -0500Yihttps://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517760977#517760977YiWed, 21 Mar 2012 06:46:59 -0500the greedy living off the needy, some things never change.https://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517760885#517760885the greedy living off the needy, some things never change.Wed, 21 Mar 2012 06:43:31 -0500Very truehttps://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517760849#517760849Very trueWed, 21 Mar 2012 06:42:02 -0500you couldn't call Bookmakers 'gamblers' in even the slightest sense - Cash converters and Wonga .com probably take bigger riskshttps://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517760821#517760821you couldn't call Bookmakers 'gamblers' in even the slightest sense - Cash converters and Wonga .com probably take bigger risksWed, 21 Mar 2012 06:41:07 -0500Betfair customers take on all the risk with -0.5% over-round disadvantage along with 2-5% commission charges, how on earth does this make all of us customers bookmakers?Mr William hills can offer 11/4 on a popular favourite, get large bets placed onhttps://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517760741#517760741Betfair customers take on all the risk with -0.5% over-round disadvantage along with 2-5% commission charges, how on earth does this make all of us customers bookmakers?Mr William hills can offer 11/4 on a popular favourite, get large bets placed onWed, 21 Mar 2012 06:38:07 -0500bf_fananatic 21 Mar 12 11:14 When william hills and other firms acuse betfair customers of being bookmakers _______________yeah ,but no customer on here is ever going to get away with W-H1lls prices .https://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517760429#517760429bf_fananatic 21 Mar 12 11:14 When william hills and other firms acuse betfair customers of being bookmakers _______________yeah ,but no customer on here is ever going to get away with W-H1lls prices .Wed, 21 Mar 2012 06:24:31 -0500When william hills and other firms acuse betfair customers of being bookmakers they do so with good reason as even at racecourse level bookmakers lay off and arb on exchanges, the big firms do this too enjoying the benifits of exchange pricing and thhttps://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517760235#517760235When william hills and other firms acuse betfair customers of being bookmakers they do so with good reason as even at racecourse level bookmakers lay off and arb on exchanges, the big firms do this too enjoying the benifits of exchange pricing and thWed, 21 Mar 2012 06:14:30 -0500Has anybody with a mere percentile business brain considered that ,(1) bookmakers do use exchanges secretly and openly to arbitraging favorites. (2) Most favorites on exchanges are pounded down to near industry prices due probably directly from thishttps://community.betfair.com/general_betting/go/thread/view/94082/29005787/could-profitable-punting-ever-be-taxed-as-a-business?post_id=517760009#517760009Has anybody with a mere percentile business brain considered that ,(1) bookmakers do use exchanges secretly and openly to arbitraging favorites. (2) Most favorites on exchanges are pounded down to near industry prices due probably directly from thisWed, 21 Mar 2012 06:03:15 -0500