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Although the PC is obviously a big cost for me, Betfair's cross matching has actually allowed me to make more money.
It's the people laying at 1.02, when they could be backing the inverse selection at 95 that are losing out. They've always been losing out, the difference is that now it's directly to Betfair rather than other exchange users. When Betfair made a statement about 'improving the display of unmatched bets', they should have informed everyone of this change. |
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Investor, are your trades ir? It's unfair that people can place a multitude of ping pong bets on one outcome and pay commission on the overall profit while others placing the same number of bets in different markets pay commission on everyone of those bets seperately. The pc partially addresses this injustice.
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Why does the cross matching not work in asian (-0) handicaps? I placed a bet to back Celtc on Sunday and was p1ssed off to find it wasn't also offered as a lay of Rangers.
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Treble Underscore - I obviously don't understand it well enough.
I can only talk from a personal perspective & I've never come close to paying the charge. I've won regularly for 3 years now, almost 100% backing horses, no trading & no laying off etc. My average stake is £100 - which is small compared to a few contributors but big compared to many. Am i right in thinking that the lower the commission the higher the chance of paying the PC. My very basic understanding is that if you are paying under 20% of your net winnings in commision you pay it. If you rate is lower then doesn't that make it more likely to be under the 20% i have made around 20% ROI long term & my commission rate is around the 4% mark . I've bounced around the 30-45% rate in the premium portal but have no idea what implied commission is though! |
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Eddie the eagle
kenilworth , as usual you don't have a clue , but still speaks as if you know everything. Note to self; eddie the eagle is worth reading. |
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Feck N. Eejit 05 Jan 17:04
Investor, are your trades ir? It's unfair that people can place a multitude of ping pong bets on one outcome and pay commission on the overall profit while others placing the same number of bets in different markets pay commission on everyone of those bets seperately. The pc partially addresses this injustice. Yes, mainly in-running. I used to bet mainly before kick-off, but that's no longer very profitable for me. I wouldn't call them ping-pong bets, because I don't trade based on price movement, trend, momentum etc. I'll have my money at risk for some time in most cases. If the bet goes in my favour, I may not trade out at all. If you find a value bet it will always make sense to trade out at a fair price (or better) at a later stage if you can. This reduces volatility of returns as well as commission costs. Even with the PC this still applies. I only gamble when there is not enough liquidity to trade out, or when I think the market is still out of line and I can't get a decent price. I don't understand how gambling can ever be favourable to trading if you can trade out at a fair price. If you find a value bet and the market doesn't correct itself, I can understand that you keep the bet. If it does correct itself and you are able to trade out, it seems to me there are only advantages to doing this, no disadvantages at all??? When I say 'trading' I mean any market in which you bet both ways. I'm not necessarily referring to placing hundreds of bets making a tick here and there. I'm sure you'll agree that the PC wasn't introduced in the interest of fairness though. If Betfair wanted to get rid of traders, all they would need to do is charge commission per bet matched (transaction), rather than per market, creating a pricing structure like a stock exchange. |