£100.

Who actually gives a Feck what the Eejit thinks ?

all fun bets  on hard to break even footy bets  is now  in a losing p/l    due to up to 26% take  out


trillions of pounds of turnover  is elsewhere

what with the betfair hols and sliding points etc while paying pc

all that is pointless and too much for the avg guy

good idea to put it on 5% for all 

no fuss   just 5%  and stop there  easy for everyone to understand

a pc customer who has to pay the new rate that you are suggesting, how much will they have to bet to win 100 net?

It's impossible to answer without knowing their lifetime profit, commission paid, commission generated and profit/loss for current pc week. If had O.C.D. such that nothing other than a net profit of 100 would satisfy my neurosis I'd do it with a bookmaker otherwise I'd work out my average commission on profit and use that to work out what stake I'd require to return approximate net winnings of 100. HTH.

no fuss   just 5%  and stop there  easy for everyone to understand

Problem is chris, those who really do understand would leave you traders with little more than a staring contest.

if it was 5% on footy market   i would dive in and bet like a manic   but at 26%  it oh dear     forget it and that killed the markets

I still don't understand why % of Gross profit over a time period is any kind of way to charge someone something for anything.

Imagine a wholesaler of toilet rolls phoning up the shops that were selling them for £1.25 instead of £1.21 and demanding an extra tuppence per bag.

THEY SHOULD HAVE IT IN CAPS LOCK ,

JOIN BETFAIR AND GET BIGGER ODDS IF YOUR A LOOSER

IM SURE THEY WOULD GET LOADS OF MORE CUSTOMERS IF THEY ADVERTISED FOR LOOSERS ,LOOKING FOR BIGGER ODDS

Feck N. Eejit
02 Jun 11 11:05 Joined: 10 Jan 02 | Topic/replies: 3,889 | Blogger: Feck N. Eejit's blog
Only TurtlesBrain would believe you trading like a maniac would make up for all those 2%'ers who would move elsewhere.

FECK give it a break i never trade footy   just having fun bet

   And  sadly  it not here dont u get it Eejit    stop calling me turtlesbrain   

and yes  i am lower than u 

i cant  work in a job  cos there too many folks walk over me AND MAKE FUN OVER ME

BETFAIR   IS MY LIFE  AND  PAY THE BILLS

what do u what    for feck s  just give up mate  u getting boring

i love betfair    fullstop[:D]

'fecks world'


guy 1 - walks into 'honest johns betting parlour' and slaps down a 100 on the fav.


guys 2 - logs on to betfair and slaps down his calculator to work out lifetime profit, commission paid, commission generated and profit/loss for current pc week, to work out his average commission on profit, and use that to work out what stake he requires to return approximate net winnings of 100 on the fav.


have i missed anything feck?

Nothing apart from the fact that it's betfair's world not mine. In my world the default commission system would be turnover based and people would have to opt in to the more complex system. The fact that most of the whinging pc calimeros would opt into the complex system rather than stick with the "level playing field" should tell you something but I somehow doubt it.

every time u do post  the gooble ****   i do in fact never read  it   it seem 

repeat repeat repeat and very 1950s  and a bookie friend
betfair is very 2020s   if they calm down

l

Mr Magoo
01 Jun 11 20:16   











Eddie the eagle,

That's a good question. I guess it comes down to how many people would be paying the premium charge at what % level.

At 20%, Betfair state that 'a small number (less than 0.5%) of our most successful customers will incur Premium Charges', which is a bit vague (who counts as their 'most successful customers'?) but it sounds like a small minority. Naturally, if the 20% was increased, more would pay. It's up to Betfair to pick the limit that the market will bear. If they put it too high, then I would make a loss and would have to go elsewhere or stop betting.

As a 'pro' (i.e. a lazy waster with no other job), much as I dislike being stuck with no real betting alternative to using Betfair to pay my bills, it's clear that Betfair as a company is free to charge what they like. There is no moral issue. No-one compels us to bet here, but we still do because it is currently the best place. Times may change.

  Why would you make a loss if they put it higher ?

By definition, PC will not turn you into a long term loser even if raised to 90 %, only reduce your profit.

'Dog chasing tail' is about right ,  Frog

correct pxb.

if we follow the pc money we can see that it flows from the 'losers' account to the 'winners' account, and finishes at betfair's account.

not sure why feck and others are wanting to increase the obligation onto the 'loser' even more.

feck

so here's what you are saying -

- last week feck had 100 at '2' but did not need to cover pc; therfore he only needed to put on 100 to win 100 net.

- this week the feckster is due to pay pc...he puts his 100 on again at '2' to win.....80 net...!!


he's 20 down from last week, betting at the same price, same amount, and is happy with that outcome...!

feck if you haven't included the price of the pc in your bet then you will be 20 short, end of story.

has this whole debate been a huge wind-up from you feck??

"because the pc isn't rebated when you lose."
To some extent it IS a bit because if you lose, for a period you're covered as it's always against the total, which the loss will affect + there is implied commisssion.

I would though like to see the equation for commission + implied commission NOT halved by / 2 though. I understand why they do it but .. it means the 'rebate' etc isn't as much as I think it should be.

frames once confessed to having never "bet" on the site. He spends his life stalking me and attending coffee mornings for Feck's b1tches.