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Moving from Premium Charge to no premium charge - is it possible?

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Replies: 49
By:
1.01 Layer
When: 22 Aug 10 15:24
Now I remember why I've ignored your posts for the last 12 months, Feck.  If you had a bit too much wine with your Sunday lunch, fair enough.  If not, I'm afraid you just come across as mental/daft.
By:
Feck N. Eejit
When: 22 Aug 10 15:59
Oh well, that's me told CryCryCry
By:
MIB34
When: 25 Aug 10 16:20
Yes,  read  the T&C's...


I believe  if you trade in less that  140 markets  per year,  there is NO premium charge.
By:
.Marksman.
When: 25 Aug 10 18:27
That is incorrect...if you have bet on 250 markets in your lifetime, you could be eligible for the charge. This is fron the T&C:
and customers will only be considered for the Premium Charge after they have bet in more than 250 markets.
By:
MIB34
When: 29 Aug 10 22:19
Thanks Marksman.


Ive  yet to be hit by the charge.
I tend  to trage less the 4 markes  per year..


But  when I do trade  Its Big !
By:
turtleshead
When: 29 Aug 10 22:25
250 markets lifetime, what a total farce.

They might just as well say "You will only be considered for Premium Charge if you bet on a day ending in Y"

Cry
By:
.Marksman.
When: 29 Aug 10 23:42
All I can say is that from Betfair's point of view, applying Premium Charge on me (on my previous account, which was closed down in disgust) has been counterproductive:  I have "generated" £5404.03 in commission, but paid only £420.72 in Premium Charge, due to me leaving once all my antepost markets had been settled (which took about 8 months).  Most of my business is now over on the purple site, but I have come back here for a few antepost markets that are not covered by the purple one. I am resigned to paying the charge again, but I now take less risks and try not to have large losing races.  Betfair were making much more off me in commission in the old days than they will today (even with commission and PC). If you want to see examples of how liquidity and over round have deteriated since the PC came in, look at the horse racing antepost markets. I used to lay good odds to 3 figure sums, occasionally 4. I made my books to tight margins and sometimes lost.  I was competing with other layers, who have now obviously gone for good since the charge came in.
For instance the Arc place market has an overround of about 560% at the moment, and has been for months. 2 years ago the overround varied between 315 and 330% and you could get 3 figure bets on.
Now, I have absoulutly no competition on that market and I can make my own prices up. But I have no inclination to offer any decent odds, due to the charge. I just take the mug money of small bettors (£3 or £4 a time). But that isn't the game that I really want to play.
By:
turtleshead
When: 30 Aug 10 00:12
Marksman, please don't give practical examples of how the pc has destroyed certain markets. Feck will be along in no time to say that people like you don't provide any liquidity, and that the site is better off without anyone who qualifies for the charge LaughLaughLaughLaughLaugh
By:
.Marksman.
When: 30 Aug 10 09:38
turtleshead, I think you are right there. I should have stuck to imaginary examples of traders who (somehow) never lose and never provide liquidity, and queue jumping and things like that. I will now admit that there have been occasions when I have "queue jumped" because I have wanted to lay a horse before someone else did.  There have been also been a small number of occasions in which I have traded.  I have just done what was necessary to make a profit.
By:
turtleshead
When: 30 Aug 10 13:01
That's much more like it. Cool

I think his alarm must not be working, it's been a week since he's been on the thread, and no-one can spout out a plethora of "ferengi/insiders/cheats/no liquidity/not paying fair share/city boy type" comments like he can! Grin
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