New Posts For Thread: Premium Charge?https://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-chargeIf you made £1000 - £2000 Profit per week how much premium charge would you pay?IM NOT SAYING I MAKE THIS! :)It is possible that your lifetime commission generated to gross profits ratio will change to the extent that your applicable Premium Charge rate will require adjustment. Should your rate change, we will recalculate as if you had always incurred the Phttps://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518992237#518992237It is possible that your lifetime commission generated to gross profits ratio will change to the extent that your applicable Premium Charge rate will require adjustment. Should your rate change, we will recalculate as if you had always incurred the PTue, 24 Apr 2012 21:04:10 -0500Dave asked: If you pay 40% on arrival at PC3 (and BF didn't change the rules again), will you always be on 40%?Does anyone know the answer to this, or if you arrive at 60%, can you move down over time to 50%/40%?https://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518991105#518991105Dave asked: If you pay 40% on arrival at PC3 (and BF didn't change the rules again), will you always be on 40%?Does anyone know the answer to this, or if you arrive at 60%, can you move down over time to 50%/40%?Tue, 24 Apr 2012 20:05:07 -0500I'm far from sure too Feck although I suspect it's made little difference. My point was that there were reasons behind its implementation other than just the money generated from the charge itself. Magician did some figures a while back, I wonder ifhttps://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518966829#518966829I'm far from sure too Feck although I suspect it's made little difference. My point was that there were reasons behind its implementation other than just the money generated from the charge itself. Magician did some figures a while back, I wonder ifTue, 24 Apr 2012 10:02:48 -0500Suppose I bet fair value on the toss of a coin all week. At the end of my average week, suppose that I have won 10k and lost 10k. I will pay a total of £200 commission, but I will have £250 (0.02 * 10k + 0.03 * 10k) knocked off my PC bill. So it pahttps://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518966457#518966457Suppose I bet fair value on the toss of a coin all week. At the end of my average week, suppose that I have won 10k and lost 10k. I will pay a total of £200 commission, but I will have £250 (0.02 * 10k + 0.03 * 10k) knocked off my PC bill. So it paTue, 24 Apr 2012 09:52:19 -0500Feck, I must admit I'm talking out of my 4rse a little on this one as I haven't actually tried it but I'd be surprised if I couldn't find some markets that would almost break even that I could stick my bot on and if I could at worst replace pc with chttps://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518964365#518964365Feck, I must admit I'm talking out of my 4rse a little on this one as I haven't actually tried it but I'd be surprised if I couldn't find some markets that would almost break even that I could stick my bot on and if I could at worst replace pc with cTue, 24 Apr 2012 08:50:29 -0500just.bob the reason I pay 60% here is purely down to me greening/redding every market I played in. I started back in the early days of Betfair, before traders came along, and it was easy to say lay at 110% or back at 90%. Today I would need a much lhttps://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518964069#518964069just.bob the reason I pay 60% here is purely down to me greening/redding every market I played in. I started back in the early days of Betfair, before traders came along, and it was easy to say lay at 110% or back at 90%. Today I would need a much lTue, 24 Apr 2012 08:41:13 -0500hazel,It all depends on how you're processing your bets. If you're doing everything manually, and especially if it's through the website, then in practical terms what I'm suggesting is impossible. But with some automation, it becomes more realistic.https://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518963549#518963549hazel,It all depends on how you're processing your bets. If you're doing everything manually, and especially if it's through the website, then in practical terms what I'm suggesting is impossible. But with some automation, it becomes more realistic.Tue, 24 Apr 2012 08:24:51 -0500I am in full agreement with Feck on thaT, i tried it and all I did was pay commission instead of PC. Adding to that, in order to make any significant impact i had to churn something like 10 times the amount of money I normally bet. It was not worthhttps://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518963293#518963293I am in full agreement with Feck on thaT, i tried it and all I did was pay commission instead of PC. Adding to that, in order to make any significant impact i had to churn something like 10 times the amount of money I normally bet. It was not worthTue, 24 Apr 2012 08:15:47 -0500Feck,Suppose I bet fair value on the toss of a coin all week. At the end of my average week, suppose that I have won 10k and lost 10k. I will pay a total of £200 commission, but I will have £250 (0.02 * 10k + 0.03 * 10k) knocked off my PC bill. Sohttps://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518963249#518963249Feck,Suppose I bet fair value on the toss of a coin all week. At the end of my average week, suppose that I have won 10k and lost 10k. I will pay a total of £200 commission, but I will have £250 (0.02 * 10k + 0.03 * 10k) knocked off my PC bill. SoTue, 24 Apr 2012 08:14:11 -0500Feck. If faced with the of at some point I would, like Contarian be looking for high volume, tight markets with no edge to take positions on.It's easier said than done on sports you haven't previously worked catfloppo. If you're breaking even beforehttps://community.betfair.com/general_betting/go/thread/view/94082/29075713/premium-charge?post_id=518963147#518963147Feck. If faced with the of at some point I would, like Contarian be looking for high volume, tight markets with no edge to take positions on.It's easier said than done on sports you haven't previously worked catfloppo. If you're breaking even beforeTue, 24 Apr 2012 08:11:01 -0500