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Inner
22 Jun 11 15:35
Joined:
Date Joined: 22 Jun 11
| Topic/replies: 3 | Blogger: Inner's blog
If I bet value and make a profit over a long period, is it likely that I'll be hit for the premium charge? Hoping not since I'd still be losing on plenty of markets (unlike arbers/traders etc) and therefore generating a fair bit of commission compared to net profit.

Does anyone know if PC is an issue for successful value bettors?
Pause • Switch to Standard View Does the PC often affect value bettors?
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Report Deltâ • June 22, 2011 4:05 PM BST
PC applies here
hth
Report caleyjags • June 22, 2011 6:46 PM BST
Roughly,
if you win £100 you pay £5 comm but they count it as £2 generated.
if you lose £75 they count as generated £1.50.
Net profit £25 and generated comm is £3.50.
20% of £25 is £5 so they take another £1.50 premium charge off you.
You win £25 less £6.50 in betfair taxes.
So yes even value bettors will be hit by it.
Report Ghetto Joe • June 22, 2011 7:21 PM BST
All depends on what value you're getting. Say you won £100 and lost £80 in the same week betfair would still want a little extra in PC off that £20 winnings if you fit all the other criteria.
Report turtleshead • June 23, 2011 8:03 PM BST
"Hoping not since I'd still be losing on plenty of markets (unlike arbers/traders etc)"


LaughLaughLaughLaughLaughLaughLaughLaughLaughLaughLaugh

How long have you worked for betfair? That is a remarkable load of detailed crap for your first ever day!
Report FINE AS FROG HAIR • June 23, 2011 8:19 PM BST
PC is non discriminatory.
But that's the problem.
It shouldn't be.
Ask Turtle. He'll tell you all the reasons why, some of which  I even agree with.
But alas not all.
Report Terminal Perversion • June 23, 2011 8:31 PM BST
Laugh@ Turtle... The plants aren't even subtle these days..
Report FINE AS FROG HAIR • June 23, 2011 9:47 PM BST
Gee you just can't turn your back for a minute on here.
It would be overgrown by plants in a nano second.
Report FINE AS FROG HAIR • June 23, 2011 9:48 PM BST
Be ever vigilant Turtle et al.
Report five leaves left • June 23, 2011 10:02 PM BST
yes it does is the answer
Report FINE AS FROG HAIR • June 23, 2011 10:04 PM BST
But it won't necessarily make you unsuccessful. Just perhaps less successful.
Report Inner • June 25, 2011 7:28 AM BST
Lol I don't work for betfair, just wanna know if it's worth my time trying to make money value betting.

Question: let's say I make a really small profit on average, so that in total I've paid a lot of commission compared to profit (for example in a year I make 5000 and lose 4900). But let's say some weeks I make heaps and some weeks I lose. Do I get taxed by PC on the weeks I make a lot, even if my overall commission generated is above 20%?
Report TheVis • June 25, 2011 9:25 AM BST
no
Report Inner • June 28, 2011 3:33 AM BST
So how come people say the order of results matters?
Report Eddie the eagle • June 28, 2011 9:01 AM BST
Customers going on a good run early in their Betfair life may pay loads of PC before they eventually go on a bad run or break even over a long period.
  Other customers may have a long period of breaking even or losing a little before they go on a good run and pay no PC just because they were "lucky" enough to not start off with the good run.

Both these customers could have the same gross profit , but one has paid loads of PC and the other none.
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