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12 Apr 10
18:58
Joined:
Date Joined:
15 Sep 02
This is a basic check for the PC I carry out.
Why is there a discrepancy this week?
FFS. Do I honestly have to check on this every week?
Why is there a discrepancy this week?
FFS. Do I honestly have to check on this every week?
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Gross P&L less Comm Paid = Net P&L (not including PC, transaction charges etc.)
Gross P&L less Comm Generated = What Betfair use to calculate PC
Gross P&L less Comm Generated = What Betfair use to calculate PC
I mean that as Comm Generated as a % of GP rather than Comm paid.
Yup. It works out like that every week! Is wrong this week though, well week commencing the 29th March.
Not by much, but if they keep thinking I am making 10% more it's going to add up viciously :(
Not by much, but if they keep thinking I am making 10% more it's going to add up viciously :(
Net PL is an irrelevant metric when it comes to calculating PC.
Almost all PC payers pay more than 20% in total charges.
Almost all PC payers pay more than 20% in total charges.
I pay around 23% in total charges. Each week the PC is added to the com so that I will have paid betfair 23% of total profits. It might well be that people on 5% com will be paying the 23% figure and people on 2% the 20% figure.
If you're on 2% commission it can even be lower than 20%.
If you're on 5% it will always be higher.
If you're on 5% it will always be higher.
Has the masters been included in this weeks PC calc ?
Every week I have checked
Gross PL - Comm Paid = Net PL (from My Account)
(I have to request a breakdown sheet from them weekly to see the Gross PL and Comm Paid totals)
This week my it is out, suggesting I have won more than I have, therefore increasing my charge.
Someone else said (I think Clydebank) it was out this week, so far I have received only bizarre feedback from the Helpdesk. Negotiations are ongoing!
Gross PL - Comm Paid = Net PL (from My Account)
(I have to request a breakdown sheet from them weekly to see the Gross PL and Comm Paid totals)
This week my it is out, suggesting I have won more than I have, therefore increasing my charge.
Someone else said (I think Clydebank) it was out this week, so far I have received only bizarre feedback from the Helpdesk. Negotiations are ongoing!
Thanks JML, never sure whats included these days with the BST change as the masters appears on Mondays betting profit and loss
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