New Posts For Thread: premium charge queryhttps://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-queryI would like to clarify I have never paid premium charge due to my overall charges being 39% approx of my gross profit. My query is in relation to a link I use that shows how much I won /lost the previous week and how much commission I paid. I have bMighty Whites, the % on winning markets is what you have paid and as you said , it's 3 % for losses. So if you have only winning markets a week, your commission generated will be exactly half of what you have actually paid.https://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532966369#532966369Mighty Whites, the % on winning markets is what you have paid and as you said , it's 3 % for losses. So if you have only winning markets a week, your commission generated will be exactly half of what you have actually paid.Mon, 10 Jun 2013 13:47:42 -0500Doh! Eddie has already explained it abovehttps://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532963899#532963899Doh! Eddie has already explained it aboveMon, 10 Jun 2013 12:33:48 -0500sorry, should beCommission generated =(commission paid) + (implied commission)/2implied commission is based on paying 3% commission on losing markets.https://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532963821#532963821sorry, should beCommission generated =(commission paid) + (implied commission)/2implied commission is based on paying 3% commission on losing markets.Mon, 10 Jun 2013 12:30:42 -0500Commission generated = (commission paid / 2) + (implied commission / 2)implied commission is based on paying 3% commission on losing markets.https://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532963733#532963733Commission generated = (commission paid / 2) + (implied commission / 2)implied commission is based on paying 3% commission on losing markets.Mon, 10 Jun 2013 12:27:44 -0500To find Your commission generated figure you need to add up all commission paid during the week.I think that commission generated on the portal is worked out as 2% of wins and 3% of losses.I usually only bet on golf here so most weeks will play onlyhttps://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532963187#532963187To find Your commission generated figure you need to add up all commission paid during the week.I think that commission generated on the portal is worked out as 2% of wins and 3% of losses.I usually only bet on golf here so most weeks will play onlyMon, 10 Jun 2013 12:09:29 -0500Thankyou very much,yes that works out now as my commission paid is at a rate of 4.1% so more than the figure on the portal link.https://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532828769#532828769Thankyou very much,yes that works out now as my commission paid is at a rate of 4.1% so more than the figure on the portal link.Wed, 05 Jun 2013 08:34:03 -0500^ good post eddiehttps://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532823371#532823371^ good post eddieWed, 05 Jun 2013 02:20:58 -0500If you are seeing this on the Premium Charge link, it's probably just you not understanding it fully. Gross Profit there is before Commission is deducted, on the usual p&l report through My account, it's shown after Commission(net profit) And what yhttps://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532814945#532814945If you are seeing this on the Premium Charge link, it's probably just you not understanding it fully. Gross Profit there is before Commission is deducted, on the usual p&l report through My account, it's shown after Commission(net profit) And what yTue, 04 Jun 2013 15:23:56 -0500Just a guess, but the figure on the link is commission generated, not paid, two different beasts designed to make betfair even more.Difference in gp could be you may have already deducted your commission paid, the links figure wont have.https://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532814793#532814793Just a guess, but the figure on the link is commission generated, not paid, two different beasts designed to make betfair even more.Difference in gp could be you may have already deducted your commission paid, the links figure wont have.Tue, 04 Jun 2013 15:18:35 -0500I would like to clarify I have never paid premium charge due to my overall charges being 39% approx of my gross profit. My query is in relation to a link I use that shows how much I won /lost the previous week and how much commission I paid. I have bhttps://community.betfair.com/general_betting/go/thread/view/94082/29955521/premium-charge-query?post_id=532814107#532814107I would like to clarify I have never paid premium charge due to my overall charges being 39% approx of my gross profit. My query is in relation to a link I use that shows how much I won /lost the previous week and how much commission I paid. I have bTue, 04 Jun 2013 14:50:34 -0500