New Posts For Thread: Premium Charge Question - Please Helphttps://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-helpIf you qualify for the 40% premium charge by reaching over £260,000, then in week 1 you win £2000 and generate £200 in charges. I am pretty sure you pay £600 charge (£2000 x 40% = £800 - £200 = £600)My question is say in: week 2 you lose £10Thanks Eddie.https://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519351877#519351877Thanks Eddie.Sat, 05 May 2012 08:22:43 -0500Yes , it's after deducting both commission paid and any PC paid.https://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519351023#519351023Yes , it's after deducting both commission paid and any PC paid.Sat, 05 May 2012 08:02:42 -0500When does 40%/60% pc strart,is it £250K net after all deductions (comm + pc) ?https://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519350623#519350623When does 40%/60% pc strart,is it £250K net after all deductions (comm + pc) ?Sat, 05 May 2012 07:51:34 -0500The premium charge actually favours botters over manual players. If you're betting manually you will spend your time betting on your most profitable markets and if it's not worth your time being at the computer you stop betting. Bots can work on anyhttps://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519327673#519327673The premium charge actually favours botters over manual players. If you're betting manually you will spend your time betting on your most profitable markets and if it's not worth your time being at the computer you stop betting. Bots can work on anyFri, 04 May 2012 13:09:27 -0500skribr, you are very wrong. I've been paying the standard premium charge for quite some time. Some time this year I'll be paying their 40%-60% higher charge. I don't use bots, I don't use any software of any kind. Every bet I put on is me pressinhttps://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519326937#519326937skribr, you are very wrong. I've been paying the standard premium charge for quite some time. Some time this year I'll be paying their 40%-60% higher charge. I don't use bots, I don't use any software of any kind. Every bet I put on is me pressinFri, 04 May 2012 12:45:24 -0500You're doing something right if you're paying the premium charge. From what I understand it's for people using bots who put a lot of requests to the site, they make small profits, all the time and put a lot of strain on the website, hence the charge.https://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519317591#519317591You're doing something right if you're paying the premium charge. From what I understand it's for people using bots who put a lot of requests to the site, they make small profits, all the time and put a lot of strain on the website, hence the charge.Fri, 04 May 2012 07:55:49 -0500in the same way that lying on a bed of needles wouldn't hurthttps://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519297021#519297021in the same way that lying on a bed of needles wouldn't hurtThu, 03 May 2012 14:47:20 -0500Its 40% of profits. I pay 30% without the charge, an extra 10% wouldn't hurt if I made it to £250,000https://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519296031#519296031Its 40% of profits. I pay 30% without the charge, an extra 10% wouldn't hurt if I made it to £250,000Thu, 03 May 2012 14:12:28 -0500You think it's fair and not that bad just because you wont pay anything in a year you break even ???????https://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519294657#519294657You think it's fair and not that bad just because you wont pay anything in a year you break even ???????Thu, 03 May 2012 13:27:53 -0500Thanks everyone I understand it now. That seems fair, the premium charge is not that bad. If you are lucky enough to be in a position to pay it.https://community.betfair.com/general_betting/go/thread/view/94082/29097025/premium-charge-question---please-help?post_id=519293909#519293909Thanks everyone I understand it now. That seems fair, the premium charge is not that bad. If you are lucky enough to be in a position to pay it.Thu, 03 May 2012 13:04:44 -0500