New Posts For Thread: Why: "Gross PL" -(minus) :"Comm Generated". doesn't give net PL ?https://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-plFor the last week i made:1315,28 NetOn PC portal I see:Gross PL: 2108,14Commission Generated: 662,13Which gives 1446,01Why my net on PL page for this period is: 1315,25 then?Why I earned 1315,28 and on PC portal my net is 1446,01 am i calculating righttps://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537380077#537380077Sun, 12 Jan 2014 09:12:08 -0600in other words: half your taxes are calculated by looking at the income of somebody elsehttps://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537353769#537353769in other words: half your taxes are calculated by looking at the income of somebody elseFri, 10 Jan 2014 21:24:21 -0600Thank you for contacting betfair In response to your enquiry about the commission generated figureCommission generated by the customer's activity - this is equal to half of the commission paid on market winnings plus half of the commission implied onhttps://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537316059#537316059Thank you for contacting betfair In response to your enquiry about the commission generated figureCommission generated by the customer's activity - this is equal to half of the commission paid on market winnings plus half of the commission implied onWed, 08 Jan 2014 18:17:08 -0600you don't have to - you can check the figures yourself. but I wouldn't bother in this case because they look about right.gross losses x 0.015 + (actual commission paid/2) is the quickest way to figure it out (I think - can anyone confirm that?)https://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537315087#537315087you don't have to - you can check the figures yourself. but I wouldn't bother in this case because they look about right.gross losses x 0.015 + (actual commission paid/2) is the quickest way to figure it out (I think - can anyone confirm that?)Wed, 08 Jan 2014 17:02:20 -0600I love to being betfairian. I have to accept everything because its just "right"https://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537311699#537311699I love to being betfairian. I have to accept everything because its just "right"Wed, 08 Jan 2014 14:24:43 -0600well, you can either go through your your statement and work it out market by market, or you can just accept the fact that it's right. which it probably is.https://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537310129#537310129well, you can either go through your your statement and work it out market by market, or you can just accept the fact that it's right. which it probably is.Wed, 08 Jan 2014 13:13:50 -0600How do I know implied commission?https://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537308679#537308679How do I know implied commission?Wed, 08 Jan 2014 12:20:34 -0600Basically, the higher above 3% you are and the higher your win to loss ratio, the bigger the discrepancy.https://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537308567#537308567Basically, the higher above 3% you are and the higher your win to loss ratio, the bigger the discrepancy.Wed, 08 Jan 2014 12:15:47 -0600Then you have to take away the number you first thought ofhttps://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537306741#537306741Then you have to take away the number you first thought ofWed, 08 Jan 2014 10:24:41 -0600Betfair use commission generated when calculating Premium Charge, not commission paid. In order to get your commission generated you need to add your commission paid together with implied commission which is 3% on all your losses. Then you will havhttps://community.betfair.com/general_betting/go/thread/view/94082/30171889/why-gross-pl--minus-comm-generated-doesnt-give-net-pl?post_id=537299057#537299057Betfair use commission generated when calculating Premium Charge, not commission paid. In order to get your commission generated you need to add your commission paid together with implied commission which is 3% on all your losses. Then you will havWed, 08 Jan 2014 02:54:56 -0600