premium charge notification

welcome to the 0.05% , or was it 0.5% .

Of the three reasons you mention, greed is the only possible, but there may have been a few other reasons too, even if greed probably is the main one.

I'm know that this has been covered many times before but it is the date you joined forum that is shown as your joined date, not the date you joined Betfair.

They must have changed it then as in the old days it was definitely the date you joined BF

the good old days of tax free betting are slowly drifting away people and i am affraid it is the introduction of the exchanges and especially the gready on course exchange in running layers that are the cause. hi lighting the problem to the levy board and gamb commission.

Soon we won't even be able to mention the ****** site either.

Were you a complainer then too?

I just joined the forum today but have been a bf customer a while and it says "joined date feb 2011"

So it is definately the forum joining date being displayed

Thanks guys for your feedback.Its a bit of a double edged sword being told you are one of the 0.5%,on one hand your chest swells that your one of the elite,but reality hits and now im at a massive disadvantage.Arbing is out of the question,backing outright is not looking good value.Other bookmakers shut you down when you win,surely this charge amounts to the same thing.Id be interested to here the thoughts on people paying this charge and still making betting pay on this exchange.

I just do what I've always done...just take home 20% less :-(

RBF it's not an ADDITIONAL 20%, it's 20% - "what you've given in commission + implied commission / 2", so if you're upy downy and end 'up' it takes that into account .. but it's a fork of a lot of upy downy to hit 20%.

I don't want to come across as loving the PC, and thus becoming the most hated person on the forum ([:o]!), but it's always on profit so by definition, it's eating into whatever you've got as an 'edge' or whatever, not stopping you make the profit in the first place.

I think 20% is too high and arbitrary regardless of how you look at it, perhaps 10% would be fairer if you accept the 'need'.

They say in there advertisements,we dont care who wins,we merely provide the vehicle in which you can bet against your fellow punters,then when your ahead they impose this extreme charge which puts you at a massive disadvantage to your fellow punters.I repeat is it viable,certainly arbing is out of the question,betting outright on a strong fancy is also not viable,so we are down to laying,which I ADMIT is a fantastic tool that nearly only betfair provide,but is this enough and I DONT LIKE conspiracey theories,but why do betfair feel the needfor this charge when they profit from every matched bet

betfair wants to be a bookmaker cos they are jealous of there profits but doesnt want the risk.so premium charge is equal to limiting  you or shutting you down, and being a monopoly they can do whatever they like.they want you to bet on there products i.e multiples etc where they make more profit. and if they were a registered bookie they would have to compete with bookmakers and that means taking risks and cutting margins and thats not the betfair way.so betfair can stay as an exchange and introduce its latest money making products without having to  compromise its position in the market

They're simply doing it to ensure that all profitable users of the BF platform pay a fair charge based on their " profitable " usage.
Some "smart " users had found a way not to do this, and BF is trying to stop that as it is unfair both to BF and unfair to other  "less smart " users who have thus been effectively subsidising them.
I use smart and less smart very reservedly here.

What is it about traders that make them think they're so important that the rest of us should pay for the running of the site while they get to operate virtually commission free. Their attitude is identical to that of the parasitic sc.um in the financial sector who are getting pay rises and huge bonuses while the rest of the country pays for their mistakes.


Suppose they deducted 22.5% of your lifetime profit as a running total making deductions / rebates after each market was settled and then each Wednesday they calculated what you would've paid under the old system and, if that was greater than what you'd already paid, docked the difference from your account (i.e. they're swapping over the normal and premium charge deduction times). Then

1) Everyone would pay more or less what they do now

2) The Ferengi wouldn't have a Wednesday payment

3) Almost all gamblers would have a Wednesday payment

4) Gamblers would be up in arms at having to subsidise the mainly worthless Ferengi.

5) The only people who wouldn't be whinging would be the Ferengi.

Can any pc calimero please tell us why the gamblers should have to make this wednesday payment?

Would giving those NOT being charged on the wednesday a rebate of 75% of their previous week's commission be a solution to the above injustice? If you think so then you need treatment.


Under the old system if you had 100 backs at 1.1 and they all won and I had 100 backs at 110.0 and one won, we'd both have the same turnover and gross profit but I'd be  expected to pay up to 11 times the commission you would. The premium charge doesn't even go far enough to address that injustice as those paying it are still paying a lower percentage of their profits in commission than all other long term betfair winners.

When signing up many years ago i cannot remember seeing under terms and conditions," if you win money in a certain way you are likely to be penalised in the future". At the outset traders were actively encouraged and if its so easy being a parasite why Feck dont you jump on the gravy train? The pc charge is wrong no matter how you use the site.

Funny but essentially stupid analogy Mgt.
You can do better than that I know you can.