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BF bombard me with phone calls after forum PC criticism
BF bombard me with phone calls after forum PC criticism
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If you want to avoid the pc and pay a much higher percentage of your profit in commission maybe you should try gambling.
I am a gambler at heart feckwit. Unfortunately none of the highstreet firms will take my bets, so I'm stuck with betfair and paying the PC due to my strike rate. I shall continue to moan about it thanks. I see it as unfair surcharge on success. It's short termism from betfair. Much better in the long run if they promoted the fact that people can win long term. Much as successful poker sites do. As betfair continues to fail to run a particularly successful poker site, I doubt they'll stop the huge own goal of the PC. But I'll continue to argue my case in the slight hope that they'll see the light and ditch this charge. You I'm sure will continue to jump in every thread and defend it. Often with lies and mis-information. |
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five cells left, feel free to keep complaining and spreading your black propaganda. It's only a matter of time before betfair will decide they've had enough of you and your ilk and start charging you as much as the real liquidity providers are paying. And guess what, you'll still be here b1tching.
The all new liquidity generating Premium Charge = (GrossProfit - 5 * CommissionGenerated) / 2 Coming to an exchange near you soon [;)] |
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I really hope so Feck. Your all new liquidity generating [
 ] Premium Charge will be exactly what people like me need. Just not in the sense you think. |
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Wow, another "walk out" of the famous liquidity. ROFPML
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while doing your nuts no doubt.
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Almost as amusing as your claim that betfair aren't a monopoly
Come on then, explain to me why no poker sites charge a 20% premium tax on their winners  |
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The pc was implemented for a specific reason that would not apply to poker.
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You're just wrong.
The same logic behind the PC could be applied to poker. The top players pay a tiny percentage of their profit in rake(commission) Why don't betfair apply the same rules to poker? Because it's a competitve market. That's why. |
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It's because even guys with 10% ROI paying 5% house fees are paying over 31% of profit in site fees. You tell him turtle!
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Maybe their returns from poker are satisfactory compared to the work and effort in designing and maintaining that particular platform. Who knows?
As I've said numerous times before, none of us knows, or seems to know, the true facts and figures behind the reasoning for the imposition of the PC . |
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catfloppo
The pc was implemented for a specific reason that would not apply to poker. five leaves left You're just wrong. The same logic behind the PC could be applied to poker. The top players pay a tiny percentage of their profit in rake(commission) Why don't betfair apply the same rules to poker? catfloppo The pc was implemented for a specific reason that would not apply to poker. |
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What were those reasons and why don't they apply to poker?
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I've just told you...EVEN THE POKER WINNERS WILL PAY WELL OVER 20% OF THEIR WINNINGS IN SITE FEES...
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The high stakes cash players won't or anyone who wins a decent size MTT.
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When I mean a decent size. I mean ones with a 1st prize of 6 figures.
How would the poker millions winner feel each week if pokerstars said we want 20% of that mate? |
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And you could win a £1m a year on here and not pay the PC...
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The pc was introduced because some users were paying too little of their gross profit back in commission and it's not worth having people on the site if they are not paying their way.
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yes, as long as you do it slowly.
The top high stakes cash players and top MTT's players will not be paying anywhere near 20%. |
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So betfair are saying if you get too good at winning you can p1ss off.
Why don't they do that with poker? |
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On the MTT, the poker site will have taken around 10% of all the entrance fees...their fees have been paid in full. It's a different pricing structure completely.
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Nope, they are saying that you have to pay a minimum of 20% of your gross profit back in commission. It has nothing to do with being good at winning, most big winners are not affected by the pc.
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It's about winning too efficiently.
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could someone let me have the portal address plz and a brief explanation of what I am looking for in relation to how close I am to paying PC?
Thanks in advance |
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Its about having relatively few losing markets. Is that necessarily efficient?
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https://premiumcharge.betfair.com/PremiumPortal/portal
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Ask betfair Mr Fu.
You've still no answered why they don't apply the same 20% rule to poker cat. I doubt I'll get an answer, though it's obvious to anyone with 5 brain cells left, like myself. Betfair have a virtual monopoly when it comes to betting exchanges. When it comes to poker they're working in a very competitive market. |
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I appreciate the link and also that some of you seem a little tired to be getting stick but would someone mind telling me what the red ticks and green x's mean?
thanks |
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If you havent realised already fiveleaves its more a charge on turnover not on winnings. If it was simple enough just to increase your stakes by only 20% it wouldnt effect hardly anyone. It isn't of course and those people who win and think if they had a bigger bank and could double their stakes (effectively 5 times the PC threshold) they'll win nearly twice as much should take a reality check.
Whether it's a commercial success depends on whether it generates enough cash to compensate for the loss of goodwill from probably the very group of people who were most likely to give Betfair free publicicty and advocate the site. |
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You need all ticks to pay the charge.
Over 250 markets. That used to be a year, but they moved the goalposts on that one. In profit over the lifetime of your account. The 'Total Charges' figure to be under 20% |
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There is quite an irony that the reason given for the charge was to cover the cost of advertising for new clients
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By: This user is online. catfloppo
Date Joined: 16 Nov 06 Add contact When: 14 Jun 11 23:27 The pc was introduced because some users were paying too little of their gross profit back in commission and it's not worth having people on the site if they are not paying their way. Exactly. All summed up in one sentence, not sure why we need 11 pages of BS before that point is accepted... |
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Thanks Five, i have ticks for markets and gross profit. On my weekly account i have ticks on the gross profit and the total charges which is 3.72%.
the only cross I have is total charges which stands at 20.70% |
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I have way more than 5 brain cells, five leaves, but I can't see how what I have described applies to poker.
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what does that mean to me?
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Johnny The Guesser 14 Jun 11 23:24
"And you could win a £1m a year on here and not pay the PC..." Yes, but you could. With poker there is zero chance. With Betfair, people who win a couple of hundred a month could well end up paying the PC tax. How exactly does that equate to winning too efficiently, or draining money from the site, or any of the other bullsh1t excuses I hear again and again? "On the MTT, the poker site will have taken around 10% of all the entrance fees...their fees have been paid in full. It's a different pricing structure completely" The best MTT players can easily get an ROI of 100%, thereby making their total fees in rake miles under 20% of their profits. Spot the difference? Have you got any more stupid comparisons, JTG, or are you fed up with trying to defend the indefencible? Oh, and still waiting for you to retract your truly ludicrous claim about all winning poker players paying 75% or more of their winnings in rake |
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It means you're getting very close to paying the charge, unfortunately.
Indeed CB. An advertising slogan like - 'Come to betfair, but if you win too often we'll stick a 20% surcharge on you', probably wouldn't be a winner. As I've said in previous posts, gambling is about selling a dream. Poker sites understand that. That's why their top players don't only not pay anywhere near 20% of their profit to the site, but are actually sponsored into events and used to advertise the sites and help sell the 'dream' |
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"The pc was introduced because some users were paying too little of their gross profit back in commission and it's not worth having people on the site if they are not paying their way"
Yes, and like a lot of what betfair say, it was a total pile of crap, yet people on the forum still repeat the myth....almost as if they work for them... It would have been very easy to find a system which just did this if that was the aim...instead of which they found something which clobbered loads of people including those who lose long term, those who make tiny profits, etc, etc, etc. |
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TBF I guess it's better than an honest Highstreet firms slogan -
'Come and bet with us, but if you win too often then p1ss off' |
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heynoodles Date Joined: 18 Jan 05
Add contact | Send message When: 15 Jun 11 00:00 Joined: Date Joined: 18 Jan 05 | Topic/replies: 5,449 | Blogger: heynoodles's blog By: This user is online. catfloppo Date Joined: 16 Nov 06 Add contact When: 14 Jun 11 23:27 The pc was introduced because some users were paying too little of their gross profit back in commission and it's not worth having people on the site if they are not paying their way. Exactly. All summed up in one sentence, not sure why we need 11 pages of BS before that point is accepted... ....... It's got little or nothing to do with paying too little a percentage of your profit or paying your way, not even sure its a good way of putting a little spin on the decision. It's purely a commercial decision introduced to hopefully increase revenue and shareholder value. Every user has a choice to accept it or leave. |
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tx five. gl sir.
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