General Betting
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23 Jan 11
18:25
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Date Joined:
22 Feb 09
I have nearly used all my allowance. On what profit will I pay PC?
The way I bet I hardly ever lose and bet on only one market. Don't make much, about £100 pw.
The way I bet I hardly ever lose and bet on only one market. Don't make much, about £100 pw.
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a quarter
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So I will that on any profit once my allowance is used up?
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pretty much.
actually, it's a bit less than a quarter. they round it up to 20% of your gross profits, so assuming you're on 5% commission, they'll halve that and charge you the rest - ie 17.5%. |
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Sounds like one fifth to me.
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22.5% fact.
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On any given week it can be more than 22.5 % - so above post is not factual.
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Does anybody on 5% commission actually pay the PC ?
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I vary between 4.4 and 4.7 and pay it.
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ss, I would think that the vast majority of PC payers are in the 4 - 5 % commission range.
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Close to 5% and paying here.
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I'm on 4.6% and paying
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Im on 6% not quite sure how all this works?, hopefully I will be paying it this year
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4.6% and pay PC just about every week. To the OP I guess you'd pay on average around £15 a week PC.
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I am on 2.21% and don't pay
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3.2% and paying. £2,772.99 is my PC bill for January so far.
When it was introduced in 2008 I paid it while I was close to 5% though. |
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I pay 4.7% and am in profit. Was rather more in profit tbh a couple of months ago. Somebody posted a link to how your own PC is worked out. It looked as though I should have been paying it ( I tend to lay and trade a bit ) but it appeared they had crossed certain things out as not being applicable. I assumed that was because I am obviously a small player.
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The Forum Breader,
I would have thought that your query would have been covered in the 450 responses you received to the similar question you posed on 08 October 2010; 19:26 ('Premium Charge Question' thread)? |
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22.5%.........give or take.
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Is it possible for you to pay more than 22.5% of gross profit in a week where you pay the pc? I thought it wasn't but happy to bow to any superior knowledge if there is a situation where this can arise.
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Yes it is possible for a pc payer to pay more than 22.5% of their weekly gross profit in charges. The maximum is 26.875% in any given week in which you could still be subject to the premium charge.
Consider the following example: Total Wins: £1000 Total Losses: £810 Gross Profit: £190 Commission Paid (assume 5% rate): £50 Implied Commission = (0.03*810) = £24.30 Commission Generated = (50+24.30)/2 = £37.15 Other Charges: £0 Total Charges Generated: £37.15 Total Charges Generated/Gross Profit = 37.15/190 = 19.553% (to 3dp) Premium Charge = (0.2*190)- 37.15 = £0.85 Total Charges Paid (including pc) = 50+0.85 = £50.85 Total Charges(including pc)/Gross Profit = 50.85/190 = 26.76% (to 2dp) In the thread I referred to in my post above, The Investor provided a table giving the minimum and maximum charges that can be paid by anyone subject to the pc in any given week depending on their commission rate. I will copy it into this thread in a minute. |
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The Investor
Commission Rate (%) Max charges paid Min Charges Paid 5 26.9% 22.5% 4 24.6% 22.0% 3 21.5% 21.5% 2 21.0% 17.2% * I have included my correction of his typo for the maximum figure for someone on a 5% commission rate (belatedly acknowledged [;)]). |
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Thanks for that JT45, it all makes sense now, (the max charge not PC).
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