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Does anyone think that there is a limit to PC above the current 20% or if indeed 20% is the limit?
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Assuming that you win every time at 5% commission then limit would be 96% of winnings cos you would have generated 4%.
How does trading affect PC. If you won every trade say £2 a day for a year or 2 how would pc kick in
How does trading affect PC. If you won every trade say £2 a day for a year or 2 how would pc kick in?
Winning £14 per week with any losses is the same as having a single winning bet Of £14.
( 5% comm)
Gross Profit___£14
Generated_Comm 35p
PC_due_________£2.45
This means that your £1,000 allowance would last 408 weeks
Winning £14 per week with any losses is the same as having a single winning bet Of £14.
( 5% comm)
Gross Profit___£14
Generated_Comm 35p
PC_due_________£2.45
This means that your £1,000 allowance would last 408 weeks
Thnks for that . I don't want to win big just often and see how it goes.
would it be correct to say you need to get overall tradung profits of around £6666 before you get into pc territory then its time to start a new account?
Getintheir,
That would be correct if the £6,666 was won over a period of time without ever having a losing bet or trade.
The example above shows what would happen if £14 were won every week without losing.
If the £14 profit was due to winning £114 and losing £100 there would be no PC to pay.
For anyone who still does not know how to calculate there weekly PC liability open up a blank spreadsheet then:
Sum all your winning markets pre-commission for the week into cell A1
Sum all your losing markets for the week expressed as a positive value into cell B1
Commission into cell C1
In any other cell copy and paste
=0.2*(A1-B1)-((A1*C1/2)+(B1*0.015))
If the answer is a negative value then your PC liability is zero, You do not get a rebate
Weekly pre-commission profit is A1-B1 and Commission already paid is (A1-B1)* C1
That would be correct if the £6,666 was won over a period of time without ever having a losing bet or trade.
The example above shows what would happen if £14 were won every week without losing.
If the £14 profit was due to winning £114 and losing £100 there would be no PC to pay.
For anyone who still does not know how to calculate there weekly PC liability open up a blank spreadsheet then:
Sum all your winning markets pre-commission for the week into cell A1
Sum all your losing markets for the week expressed as a positive value into cell B1
Commission into cell C1
In any other cell copy and paste
=0.2*(A1-B1)-((A1*C1/2)+(B1*0.015))
If the answer is a negative value then your PC liability is zero, You do not get a rebate
Weekly pre-commission profit is A1-B1 and Commission already paid is (A1-B1)* C1
But surely simply by trading , even if every trade wins overall part of that trade is awinning bet and part is losing , how is this calculated in PC.
The maximum PC is 17.5% of GP.
Maximum PC+commission is 22.5% of GP paid (20% generated)
This is what would be paid by someone on 5% commission who wins every market.
Of course if you pay PC and then lose, the maximum has no bounds.
Maximum PC+commission is 22.5% of GP paid (20% generated)
This is what would be paid by someone on 5% commission who wins every market.
Of course if you pay PC and then lose, the maximum has no bounds.
To clarify, I paid 25% in commission+PC in 2009. This happened because I had a losing month in December, bringing up the share of GP paid to Betfair.
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