New Posts For Thread: What would happen if?https://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-ifYou are a 40% premium charge payer and you won £10k during the week and were due to pay £4k in premium charge on the following Wednesday. On the Monday or Tuesday you bet the entire balance of your account on a bet and lost the lot. What happensIn reality I imagine it's never happened, but if it did happen I imagine they wouldn't properly chase it as a debt. The question is whether it's a legally enforceable debt in those circumstances? Unlikely imo, because 1. It's a deposit account. 2.https://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542629631#542629631In reality I imagine it's never happened, but if it did happen I imagine they wouldn't properly chase it as a debt. The question is whether it's a legally enforceable debt in those circumstances? Unlikely imo, because 1. It's a deposit account. 2.Thu, 11 Dec 2014 15:56:18 -0600It's a charge for using the exchange set out in the T+C that you agreed to. They ask you to pay the charge on Wednesday and if you don't pay it, decide whether to set the debt collectors on you. Would love to see someone going to court over it thouhttps://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542625449#542625449It's a charge for using the exchange set out in the T+C that you agreed to. They ask you to pay the charge on Wednesday and if you don't pay it, decide whether to set the debt collectors on you. Would love to see someone going to court over it thouThu, 11 Dec 2014 10:52:02 -0600Still your account would be closed. Having won over £250k you'd want the option to use bf in the future, even if on losing run currently.https://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542619273#542619273Still your account would be closed. Having won over £250k you'd want the option to use bf in the future, even if on losing run currently.Wed, 10 Dec 2014 17:49:06 -0600Asparagus you haven't made a recent withdrawal for them to reverse, indeed you are a net loser in this scenario since premium charge was last paid so why would you? You are talking about examples where people have took their money and run only to fihttps://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542619053#542619053Asparagus you haven't made a recent withdrawal for them to reverse, indeed you are a net loser in this scenario since premium charge was last paid so why would you? You are talking about examples where people have took their money and run only to fiWed, 10 Dec 2014 17:17:53 -0600you didn't deposit 5k - you'd been here for years to reach 40%https://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542613453#542613453you didn't deposit 5k - you'd been here for years to reach 40%Wed, 10 Dec 2014 10:59:45 -0600I believe they remove it from your bank account. I'm aware of people who have tried to remove all the money from their account so PC couldn't be charged only to have Betfair reverse (in full) the last withdrawl.https://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542613371#542613371I believe they remove it from your bank account. I'm aware of people who have tried to remove all the money from their account so PC couldn't be charged only to have Betfair reverse (in full) the last withdrawl.Wed, 10 Dec 2014 10:51:45 -0600Could you ever imagine the case going to court? Well sir, you deposited £5k to bet with and placed two bets, On the first one you won £10k and on the second you lost £15k, therefore you lost the £5k in the account. The plaintiff is asking forhttps://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542596943#542596943Could you ever imagine the case going to court? Well sir, you deposited £5k to bet with and placed two bets, On the first one you won £10k and on the second you lost £15k, therefore you lost the £5k in the account. The plaintiff is asking forTue, 09 Dec 2014 04:51:10 -0600"You owe betfair 4 grand"Really? Betfair don't give credit. It is a deposit account and you can only lose what you deposit.https://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542596845#542596845"You owe betfair 4 grand"Really? Betfair don't give credit. It is a deposit account and you can only lose what you deposit.Tue, 09 Dec 2014 04:29:47 -0600it plays tricks to your mind when that happens win at 11.55 pm on sunday then lost the lot at 12.20 am on monday and a big hole on wed aaaaaaaaggggggghhhhhhhhttps://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542591455#542591455it plays tricks to your mind when that happens win at 11.55 pm on sunday then lost the lot at 12.20 am on monday and a big hole on wed aaaaaaaaggggggghhhhhhhMon, 08 Dec 2014 17:28:17 -0600No you would owe them 8k when they link the two accountshttps://community.betfair.com/general_betting/go/thread/view/94082/30399105/what-would-happen-if?post_id=542591423#542591423No you would owe them 8k when they link the two accountsMon, 08 Dec 2014 17:23:17 -0600