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1.01 Layer, after reading your comment, I think the answer is about one half.
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Sure it was just a typo, mate. You sound more literate than most of the posters on these forums.
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I think a little mathematical skill is far more important than the ability to write good english.
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We could always just use QADTEB (I've written it backwards). No Premium Charge there yet.
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Well i thought you hada nice healthy balance Avocado so why bother about the pc?
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Because if they put PC on me then that is 20 percent of my profits gone each week.
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Your profit is the difference between your winning markets and your losing markets - commission
PC is part of the commission so your profit is what you have left after pc is deducted. If you think otherwise then your aim is blurred ;) |
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catfloppo, I do not believe that your statement is correct. Commission is deducted when each market is settled. PC is a further deduction, which is applied on the Wednesday of the following week.
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if he hasnt yet been premium charged then its obvious he will lose 20% of his profits when it is applied.
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.Marks,
Whether pc is part of commission depends how you look at it I guess but my point is that Avocado's profit is what is left after pc has been deducted. That is irrefutable. |
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You guess.....How do you see the premium charge catfloppo?
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As part of the commission structure.
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20 percent commission is taking the p1ss.
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I have paid 30.94% to date
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catfloppo , I've paid something like 40 - 42 % when you include the 135 k I've paid in PC.
I assume you haven't paid any PC ? Why should you pay less than me and do you think that is fair ? |
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I've paid something like 40 - 42 % when you include the 135 k I've paid in PC.
Seriously Eddie- How on earth have you managed to pay so much Comm? I can understand how a non PC payer can be in this position but if you're well into PC then it seems impossible unless you have colossal historic losses, in which case you won't have been paying any PC for the last year and won't be for a long time to come. |
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I'm interested to know how that has happened, Eddie. I thought the whole idea of the pc was that it evened out over time at around 20%? You're right to assume that I have not paid any yet, when the pc was introduced I was running at just over 20% and I tweaked my strategy to boost the rate a little. My primary motive for doing this was because I realised that the 'efficiency' of my strategy was close to Betfair's limit and I wanted to improve my worth to them. I make my living on here and have always taken the view that I want them to be happy with the relationship, what I am doing and what they are getting out of it.
In terms of fairness, my answer is no, it's not really fair. I have a friend who pays nearly 50% and I'm sure there are some paying even more. What it is though is fairer as the gap between the highest and lowest payers is smaller. |
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aye robot , I was well into PC last year when I was on an exeptional good run, but started this year with a long losing run so I will probably never have to pay PC ever again.
The PC I paid though is long gone and I'll never see them again even if I'm well above the 20 % threshold. |
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catfloppo , I've made profit every year since I joined , but last year was exeptional and I kept increasing stakes as the winnings was piling up in my account. All that PC is paid during a couple of months last fall.
The first half of this year was the total opposite and I kept losing money at the same rate as I won them last year. The whole PC thing is constructed in such a way that it will catch many traditinal punters on a good run if they are increasing their stakes during the good run. |
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I have known people make a lot of money on bf and dont pay the pc there accounts are well in profit whys that?
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WBA , it's not based on how much profit you make. It's got more to do with your strike rate.
In order to pay it you will have to have paid less than 20-23 % of your total profit in normal commission. |
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cheers for you reply eddie,
So what are saying you could be million in profit but that still does not mean you will pay pc? |
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Not necessarily , it all depends on your strike rate. If your gross profit is one million you would have had to pay roughly 210 k of that in commission in order to not be charged PC.
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Correct WBA.
I can see how that has happened Eddie but don't expect that it catches many traditional punters, it seems a very unusual case. I'm not sure whether to congratulate you on your good luck or commiserate with you on your bad luck ?!?! |
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* would have had to pay at least roughly 210 k of that *
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What about if i lost last year 500000 in losing bets but still came out on top, im sure then i would of generated enough commision so would that mean i was unlikely to pay it for a while.
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Depends on how much you came out on top by.
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My pl says maxium premium charge possibe next wk is £6247 the thought of paying that will make me sick any ways rd it?
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Surely that means you are having a very successful week?
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Yes m8 best wk ever so if i win the same or more is that what i will pay?
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WBA , if you are close to paying PC and had 500k in losses you would incurre PC on any winnings above 582.500 (net profit 82.5 k) if you are on 3 % commission. Slightly different numbers for other commission rates , but not that far away no matter.
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WBA, does your lifetime rate qualify you for pc? You may be liable based on your weekly figures but if you are over 20% overall you won't pay.
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Just to clearify my post above ; the profit of 82.5 k would be before commission was deducted. Your net profit after commission for the year would have to be above 66 k for you to incurre PC if you had total losses of 500 k during the year.
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catfloppo i do pay it but nothing major had good couple wks im now on 20.1% so will have to pay big chunks from now on if maintain the winning run, i just dont fully understand how pc works and when i speak to successful players and they dont pay pc i just can`t get my head round it.
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WBA , from what you are saying it may look as if they will take the £ 6247 this week. If so they will be taken around this time. Keep an eye on your balance.
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oh no!!!! dont give me an heart attack m8
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Where on the report does it say possible PC £ 6.247 ?
Is it under the weekly report , life time report , or both ? |
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its under last wk side 9/8/10-15/8/10 i think im ok this wk
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but what does it say at the bottom left side which is your lifetime profile ?
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max possible pc 0.00, total charges 20.1%
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