I've got a new suggestion that maybe even everyone on here might just agree with.
Let's rename the PC to
" The throwing out the baby with the bathwater tax ".
Btw Jimmy, many on here would say that I'm malfunctioning quite enough already.

Bayes
Even you wouldn't be dexterous enough to programme my complex psyche.

Rocket
Take it as a given that I'm only ever talking about the "millionaire" winners on here.

Mankini?

Actually Bayes, I think it's extremely hilarious if you consider your mankini suggestion in conjunction with the last sentence of my relevant post.
Very Freudian.

when i make it (presumably there will be more than 500 in the club by then) perhaps i'll ask betfair for a job.....

In fact I've always been waiting for someone to say on here " So you made all your monies outside of gambling. You mean you only involved yourself in drugs, prostitution & pornography. Left the gambling operations to others ? "

i think though if you arent a massive player you can get around it if you can be bothered with the hassle. ie backing a load of stuff on here you think will lose, that you can arb or at least break even elsewhere. ok people will say what if they all win on here, but in reality that isnt really going to happen. especially if you are a shrewd punter, which presumably you must be to be in good profit here (without trading) anyway.

but i naturally had a bad run, went back below the PC threshold, so never bothered doing that.

Traders and arbers make all markets more efficient and provide better prices to both buyers and sellers. This is true of all markets including bf.

BF is driving these people out and there can only be one reason, which is they want to take this role for themselves.

I know Betting Promotions would love several hundred shrewdies to feck off.

lol

There are sharp minds at bf, but none of them seem to work for the promotions dept. It took them a week in the recent tennis promotion to figure out that people could bet on very short priced favourites in multiples and grab themselves some free money - $200 in my case.

Yep you do sound a bit hard done by.
I think BF has overstepped the mark with your type of betting profile.

Or incredibly clumsy.

The bank man, I will be moving on too. I did so before but purple didn't really step up to the mark so i came back 2 months later. With 20% it was borderline for me whether to stay or go so. at 40% i have no option. When I'm at home it will be purple and when I'm on course it will be on course bookmakers. The purple mobile betting app is not good enough so it's back to the days of carrying cash. It means no laying when I'm on course other than trying to get a few bets matched in the morning (not my preferred way) but it's better than giving betfair 40%. I may well end up making  less overall than i currently do but it will be better than waiting for that wednesday lunchtime each week when my account balance will be smashed to pieces. Doesn't put you in a good frame of mind for betting.

FAFH,

Thanks for the reply. Very interesting.

Continuing in the same vein as asparagus' post - I am an opinion punter who has a commission to profits ratio of around 30% who will be eligible for the new PC - I would make the following comments

Given that I don't use bots or generate an excessive amount of network traffic to & from the BF site, has the operation of my account really been a burden for BF as by definition I would have paid at least 107,000 pounds of commission to them to date (to be eligible for the new PC / given 30% ratio above).

I have taken all risk to this date and still will bear all risks if I am to lose money at any stage.

Being an opinion / form based punter betting before the off, there is clearly large risk of losses for my betting profile.

If we defined the ability of a punter as having the lower commission to profits ratio, there would be a number of accounts operating of BF with a higher ability than myself.  Given the 250K threshold, I would be punting with a severe handicap compared to smarter accounts to me (if those accounts were younger & as yet under the 250K threshold).  Is that equitable?

Would I take 10/1 about a horse and then be paid at somewhere between 6/1 and 10/1, and let that figure be determined by factors basically irrelevant to my bet (i.e. my performance betting on other races for that week)

Would I also do this when 98-99% of those I bet against do not pay this tax, and some of whom are better punters than me?

The betting platform offered to me at BF is, for my purposes basically has the same functionality as 8 years ago when I commenced betting.  Will giving BF the profits from my 40% PC enhance my betting experience on BF in any way?

Given that around 97% or so of punters already lose to BF, is it equitable that under the new rules ALL consistent winning accounts can win no more that 80 cents in the dollar, and ALL long term successful accounts (250K threshold) can win no more that 60 cents in the dollar.

McChicken_Sandwich you're right ....i don't use betfair for soccer, and will not use betfair after july 18th for other sports

if they were really interested in "protecting" their recreational punters, maybe they could start by chasing the trap bet filth off the site rather than letting them operate with impunity so long as they get a big enough cut.

Gawler gary, you explained the ludicrous situation we find ourselves in much more eloquently than me. It is a complete scandal imo and very disappointing that the media and alternative betting outlets have not made more of this. The greed of betfair astounds me.

If I bet on the outcome of a coin flip and won I'd only get paid out at less then 2/5.  How much more of a grander scale do you think this should be understood FAFH? Multiply by 100, 1000 or 10,000 for the long term perspective.

Feckin seed

Ok, carry on, nothing to see here then. I'd forgotten how irrelevant I could be. Are you salaried or paid per word FAFH?

You're obviously paid per word and churning to make up the 60% deduction in your pay check