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These 69 comments are related to the topic:
premium charge - how does it work?
premium charge - how does it work?
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Replies: 69
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How is that possible? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Marksman, if that's the case it must have been because of one of the scenarios I've described in my 12.23 post.
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premium charge - how does it work?
If I remember its summat like , think of a number, double it, multiply it by the number of bets you have a day, divide by the number of winners, take away the number you first thought of and multiply by 3.......and if it comes to less than 20, think of another number. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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I think the basic premise of it is that betfair are greedy cvnts and take money out of your account if you win, something like that
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Eddie, I was still below the 20% threshold, so I did come into category 1. I misread your post.
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Avocado massaging his figures to make it look like he's a winning punter.
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I'm a winner on here but overall I'm down
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er
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er indeed.
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whats the er about?
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down er
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?
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it can happen like with me if you are a long way up for the first 250 markets you can lose a lot, then win a little the next week and pay PC charge on it cuz you havnt made up to 20 % yet
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You're one of life's losers, Avocado.
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Betfair felt a tad sorry for the purple site and decided to give them some extra buisness...
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not really selkirk but think what u like
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Ok.
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you're forgiven
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are all the PC players only paying 2% commision
surely nobody pays it in 5% ??? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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What on earth are you on about, the vast majority who pay it are on 5% or near to it. If you are on 2 it's extremely easy to avoid.
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turtleshead is correct in his first statement and I don't think anyone on 2% can keep up the strike rate needed to pay PC in the long run, but it's certainly possible to hit both 2 % and pay PC for a short while when on a good run.
I don't think he is correct in his statement about avoiding the charge for 2 %'s though. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Eddie,
It's correct that it's easier to avoid on a low commission rate. A sub 3% commission payer profits from otherwise breakeven strategies. A PC payer paying 3%+ commission suffers as a result of employing the same strategy (ignoring the beneficial effects of accumulation of commission points). 2% commission payer Win markets (£) Lose Markets (£)GP CommPay CommGen PC NET Charges paid (%) 100,000 50,000 50,000 2,000 1,750 8,250 39,750 20.5 110,000 60,000 50,000 2,200 2,000 8,000 39,600 20.4 200,000 150,000 50,000 4,000 4,250 5,750 40,250 19.5 5% commission payer Win markets (£) Lose Markets (£)GP CommPay CommGen PC NET Charges paid (%) 100 50 50 5.00 3.25 6.75 38.25 23.50 110 60 50 5.50 3.65 6.35 38.15 23.70 200 150 50 10.00 7.25 2.75 36.25 25.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sorry for the crappy formatting. When I say 'breakeven strategy' it refers to a breakeven GP, obviously a strategy that breaks even after commission would be beneficial no matter what commission rate you are on.
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Investor, to format stuff, just put 2 pipe '|' characters at the start and end of the line and between each field
i.e. pp FIELD 1 pp FIELD 2 pp ( where pp = 2 x | )
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not sure thats how you wanted it but you get the idea
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Hypothetical example here (obviously when you read it)
BF user lays a market for £10 with the intention of winning £100 per day. Some winners amongst those lays but hits his target of £100 every day over a period of 6 months. Is he liable for the PC? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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SelkirkAgain, I haven't a clue whether he would be liable for PC or not. And I bet if you rang up the Betfair help desk, they wouldn't know either.
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Marksman, it seems as certain people on here know far more about the PC than BF staff. Shocking state of events.
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Thanks Escapee!
It's:
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actually:
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