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I'm still trying to get a discount on my council tax though, Jimmy ;)
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Say you're in prison Coach...
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:0
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lippy, I would take those comments with a pinch of salt. They just make people doubt honest people whose activity doesn't fit into betfair's profile of a pc payer.
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A lot of jealous people on here, imo.
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When someone is obviously wrong, but repeatedly denies it, despite it being completely obvious that they are wrong, there is no point arguing about it and there's no point discussing any issue on any subject with them even if it's about the weather.
I understand the PC charges and I think they are an improvement despite the fact that 85% of PC people will now pay more. I also want Betfair to attract more customers not less. |
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Pythia
From my own point of view, I'm not going to engage with customers who I know to be posting deliberately misleading comments about their own activity on Betfair. ---------------------------- Interestingly revealing quote when you think about it. |
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Everyone and by everyone I mean Betfair and PC payers would be better off if Pythia just kept quiet. All he's doing is p1ssing customers off. I was completely relaxed about the changes, any debate from me relates to anorakish interest in the mathematical aspects and then Pythia comes along and talks complete cobblers and casts aspersions on the integrity of forum posters and therefore casts aspersions on anyone who disgrees with what he is saying, talking about hidden agendas.
The vast majority of posters who disagree with what Pythia says havent got hidden agendas they've just got a basic grasp of mathematics. They are probably not happy that they are paying more, but its my guess that they are more unhappy that they are being told that they are not paying more. |
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Fascinating. Both delightfully vague and chillingly precise at the same time.
Perhaps I have underestimated Pythia. |
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That was to el presidente!
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They are probably not happy that they are paying more, but its my guess that they are more unhappy that they are being told that they are not paying more.
I'm delighted I'm being told I'm not paying more, I just wonder if it's correct. :| (and if it's not correct, your statement is right on the money) |
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May I direct you back to your opening post Lori.
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I'm still hoping for an explanation. Pythia did say he would check with the PC team on Monday and I assume he's digesting the information before informing us of the result.
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Clydebank: "...casts aspersions on the integrity of forum posters and therefore casts aspersions on anyone who disgrees with what he is saying, talking about hidden agendas."
-------------------------- Also, conveniently, leaves people with the impression that *anyone* he doesn't engage with is lying to fellow forumites. |
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Fear and Loathing on Betfair.
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Just fwiw according to the portal, I'll be paying more if things stay the same for me.
I assume I'm a special member of the tiny percentage, but in my case the lowering of the commission generated % and the removal of the allowance mean I'll pay almost double every 60 weeks. |
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Lori - Betfair seem quite content to keep the big boys happy, its the smaller punters who will be hit most by these changes. someone who wins say £5500 will see their premium charges increased by 900% with the eventual loss of the rolling allowance (figures not accurate but i hope you get my point)
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Only 900%? If the new rules had of been in place from the introduction of the premium charge I would have paid 1600% more in PC in the previous year!
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Signing in Lori. I haven't paid yet, but am now twice as close as I was to paying following loss of ½ of my allowance
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500 quid's worth of allowance wiped out at a stroke, back in PC hell.
new translation for the BF/pythia lexicon: "only expected to adversely affect a tiny minority" = "bend over" |
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I thought Pythia would be on this week warning us about scaremongering as he puts it , could it be the forumites have been correct all along ?
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hazel 20 Oct 12:07
Lori - Betfair seem quite content to keep the big boys happy, its the smaller punters who will be hit most by these changes. someone who wins say £5500 will see their premium charges increased by 900% with the eventual loss of the rolling allowance (figures not accurate but i hope you get my point) Spot on fella, squeezing the pips of the small winning punter. Who thought this sh!t up. |
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In fairness to Betfair it has yo be said that they don't difference between small or big players , they screw everyone !
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The Visionary 20 Oct 18:48
Signing in Lori. I haven't paid yet, but am now twice as close as I was to paying following loss of ½ of my allowance How do you know you are twice as close if you havn't paid yet ? I just get a message saying I havn't had to pay anything yet with no figures to judge how close I might be. |
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I'm a relatively small player on here , yet I have been hit , my remaining PC allowance has diminished from £728 down to £124 due to this change , Pythia talks complete trash.
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IanP in broad terms this time last week I had the full 1k allowance. Now I have £500
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Think yourself lucky.
This time last week I had a 1k allowance, now I don't have any. |
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great PR of betfair to discriminate against their current customer base with retrospective allowance erosion compared to any new customers with a brand new £1000 allowance,well done betfair very unfair
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Pythia 30 Sep 03:55
curly, I think your guess will prove to be well wide of the mark. There will be a tiny percentage of PC payers who are likely to pay more, the bulk of them being those who will no longer be able to offset transaction fees against the charge. About 15% of current PC payers will fall outside the new Ts and Cs and be unlikely payers once the lifetime offset and other changes kick in. ............................... We anticipate that the changes will reduce the number of customers affected by the charge and also the total amount of Premium Charges collected each week. .................... I can only deduce that they have decided that those people who accrued premium charges but didn't pay it were affected by the charge before, even though they didn't actually pay it, because it reduced their allowance, and gave them the justification in their mind to post that statement. The statement reads as if it says the number of people paying premium charges will decrease but if you look at it closely it doesn't say that it just says affected by and the total amount of premium charges collected. ....................... I would say where Pythia went wrong is that he read and interpreted the Betfair statement in the same way as any reasonable person would. |
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There will be a tiny percentage of PC payers who are likely to pay more, the bulk of them being those who will no longer be able to offset transaction fees against the charge.
This can not be misinterpreted and as long as the 1 k allowance is changed from 1 per 60 weeks to 1 per life time everyone still paying in the future will pay more. Complete BS from Pythia ! |
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I wonder what the average % rate of implied commission was before BF stadardised it? The new level sems low, I thought nearly everybody paid 5% in practice.
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I think someone has posted earlier on the forum that the average implied commission was close to 3.3 %. If this is correct , Betfair will also benefit from their now standard 3 %.
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Bottom line is we are still here , unfortunately they have a monopoly in all but name on liquidity and IR markets, although its not what it was elsewhere there is nothing, were all still here using the site so they can charge what the hell they like, do you think they give a sh1t, they will keep turning the screw until we feck off somewhere else , but there is no viable alternative.I pay 22.8% of my gross profits in charges every week, its the same as income tax only it's going into the pockets of fat cat betfair execs instead of nhs,immigrants and single mums. Betfair have it well sussed, bordering on genius as it stands, if there ever becomes a viable alternative the genius will turn quickly to foolishness, but thats unlikely and they know it .They have you by the balls and are not gonna let go of this money spinner.
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Eddie I know what Pythia said is wrong all i'm saying is I think he that he mistakenly took internal communications along the lines of "won't be affected by" to mean the same as "won't pay any more"
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You really are giving him the benefit of the doubt then.....
Anyway , his silence is telling me he now is getting it and realizes that his posts on here was mostly BS of the highest order. |
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He may just have forgotten Eddie.
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He has gone skint...RIP Pythia.
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Pythia 28 Oct 21:49
From Ts and Cs... "The maximum daily payout per customer for all winning multiples bets combined is £1,000,000 (or the currency equivalent)." he was on here the other night but he must have missed this thread |
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Seems a few more paying this week. Still can't get my head around there being a tiny number paying more if I'm honest.
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