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General Betting
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12 Apr 10
18:58
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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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Replies: 11
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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 |
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I mean that as Comm Generated as a % of GP rather than Comm paid.
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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 :( |
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Net PL is an irrelevant metric when it comes to calculating PC.
Almost all PC payers pay more than 20% in total charges. |
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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.
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If you're on 2% commission it can even be lower than 20%.
If you're on 5% it will always be higher. |
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Has the masters been included in this weeks PC calc ?
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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! |
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Yes they were Joe.
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peter done :)
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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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