Premium Charge - How does the 'big win' exemption work?

Fishing fred from a constant loser.

imo.

Have a look through gubbed for threads by clydebank29 he had a problem with precisely this issue, i seem to remember you end up paying it back.

Knight Rider. If your big win lands and you get the exemption, you get credited for the PC that was due.

It doesn't comeback to haunt you at a later date.....Cheers



PS...Didn't think TIGER was gone that big a price. :^0

hopefully it just replaces the first one

EDDIE...When I got exempt for a win.

The amount that should have been due, went on my account as a Premiun Charges paid.....Which of course I hadn't.

EDDIE...Yeah that what they did in the first year or first few months for me and the guy was all kind of jiggy in Betfair telling me how it worked. Telling me not only does a big win means your exempt but it also pushes up your percentage of charges paid.

But as you know some of those rules then were written in sand such as your first payement is exempt.

But they also seems to apply the same rule for winning bets that were due for premiun charges but were exempt because they were Ante Post bets of a kind, placed before the 2nd rule changes ie under 250 markets last October.

In those cases too I've got credited for premiun charges that were due for the win, which put me back on to 20%.

Yeah I guess its not clear and Knight Rider would really need his answer in writing before he could rely on any reply and he be unlikely to get that now before the Masters at the pace the helpdesk usually sends out answers on premiun charge questions......Cheers

KR , I would appreciate that because I know for a fact that what Blessington says didn't happen in my case.
I still find it hard to believe that Betfair treat their customers differently , but when you look at the way they have behaved the last couple of years , you never know.....

Thanks for getting back to us Knight Rider. Eddie is usally always right about these things.

But that seems WEIRD sure thats not a exemption thats only a loan to be repaid after future wins.

Plus its setting a precedent that if exemptions can be taken back surely deductions that were taken from accounts that later rises over the 20% should recieve rebates

Anyway saying that, if the below was his answer rather than you just replying in your own words. Well of course that would be the verdict. As AT THE TIME it has to be 50% or more but if you had a big win later but it was now less than 50% well then of course a exemption wouldn't apply..

Knight Rider 08 Apr 14:30
According to my AM, Eddie is right.
As soon as the big win went under 50% of Gross PL, it would no longer be exempt and I would have to pay PC.

Are you sure there he means a past win.... or does he mean a big win that is just coming but has now fallen below 50% of your overall profits thanks to some other smaller wins at the same time?

Unless a guy is actually paying it you can never trust these answers even from a Betfair employee as they do also get it wrong.

In my case its was in the old premiun charge in 2008 so I never fell back under the 50% anyway plus afterwards I kept it below 250 markets per year. So I can't swear about what happened, only what I was told by the pc department at the time would happen.

But I know with Ante Post bets which fell under the old criteria as near as last Febuary they gave me CREDIT for the premiun charges that now should have been due rather than just not deducting anything.

It seems strange that if they change one rule they wouldn't change this rule as well. But I guess with the pc some things turn out stranger than others......Cheers