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These 124 comments are related to the topic:
Will Betfair increase the PC in the future?
Will Betfair increase the PC in the future?
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Replies: 124
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they say that they break even on 20 percent premium charge ... then how did the survive all those years when it didnt exist ..
From the other users who were already paying more than 20%. My view is that they won't lower the threshold, the way it's implemented more and more people will be caught in the net anyway and 250k seems like a decent sum to someone starting out. I know when I began I didn't imagine for a minute that I would ever make that much. |
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250k is a decent sum , most modest gamblers would be happy to pay 60% having earned that much ,it would be a dream for MOST ...that's the thinking you have to understand ,no one (bar the shrewdie ) is going to even take a second look at these charges ,and they're the very folk who represent BFs life blood .
And thats just how it is |
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most modest gamblers would be happy to pay 60% having earned that much
coach, you might have missed something on your way to this conclusion......the entire evolution of the human species, where getting less than half of something you've earned will cause anger, resentment, flatulence and of course...revenge...! |
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Its a phuckin liberty to expect punters, poistion takers to hand over more then they have won. If people are having a free lunch on bots etc they should be hit
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i agree iz , i don't think it's right ...and i will no doubt get caught in this web in the years ahead and have a moan about it ..however,when fairly successful folk are penalised it tends to have little sympathy from the average man in the street ...and they're the ones who (lets be honest) keep BF and the rest of us rolling .Their opinion is of greater importance to BF .
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For stability, perhaps betfair could write up a "premium charge future commitment" ruling out bad things they might do, like dropping the threshold to 3k, upping the normal rate to 25% etc?
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catfloppo 06 Jul 11 14:55
they say that they break even on 20 percent premium charge ... then how did the survive all those years when it didnt exist .. From the other users who were already paying more than 20%. what users were already paying 20 percent before the pc charge ? |
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Evereone apart from the ones that were put on PC when it was first introduced had paid more than 20 % of their gross profit in commission.
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Just Checking Joined: 25 Jun 06
Replies: 7045 06 Jul 11 17:49 For stability, perhaps betfair could write up a "premium charge future commitment" ruling out bad things they might do, like dropping the threshold to 3k, upping the normal rate to 25% etc? ----------- I think some specific information along these lines would be very welcome. but i don't expect it to happen. |
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They wouldn't know themselves though .A lot depends on the latest hikes ,if folk pay up without a whimper and stay on site they will increase it again over time (or possibly lower the threshold a little).
I would also expect the basic rate to creep up to 25/ 30% over time as well. |
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I can see some scope for pricing increases in more comm. bands.
People like m/s bumping around 4% cd live w/ being higher, while the really significant people to bf on 2% are not going to be affected by a points system that makes it harder to keep up. |
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FINE AS FROG HAIR
04 Jul 11 21:55 Joined: 12 Mar 07 | Topic/replies: 2,971 | Blogger: FINE AS FROG HAIR's blog The shrewdies are getting smsrter and greedier by the day perhaps ? ....and they all work at Betfair by the looks of things |
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FINE AS FROG HAIR
The shrewdies are getting smsrter and greedier by the day perhaps ? Not this one, I have been on maximum greed from the outset. Luckily for the rest of you ([;)]) I have a very high lazy setting too. |
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Lori Joined: 20 Apr 04
Replies: 35591 04 Jul 11 20:46 My bet would be 250k becomes 100k That would be my bet too. I might email betfair and ask for a market. Where will the PC profit threshold be in a years time? Over £250K £250K £150K-£250K Under £150K. I'm sure they'd put one up ;) |
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Restrict the amounts of markets each of us can play , 50 a week ?
Restrict banks - max 50,000 ? Up data charges. Charge commission on a sliding scale according to lifetime profits . starting at 30k and 20%/30% up to 500k and 40%-60% No commission on newbies for a month. No automated betting. Lets get back to basics . |
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Coachbuster, some of them suggestions deserves a couple of these ...
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Not so bad then ,are they ? [;)]
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Why would you restrict banks and markets per week ??
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why would they impose a limit an cut there own revenue
even under a tier system 60 % is shocking |
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To stop greed .
There are some folk who spend hours and hours on here just because money is there to be made. That's not normal, in any normal job you wouldn't do that . |
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sales jobs ?!
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Rs1 - you have to lose this idea that very successful gamblers paying a charge are of great importance to BF ,they are not .
I realise this, it's an eco system which needs respecting. |
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Yes ,and Sales work is about the most inefficient work you will find anywhere in the UK .
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i never said they were important or not
you said 'There are some folk who spend hours and hours on here just because money is there to be made. That's not normal, in any normal job you wouldn't do that . ' that ridiculous you said , Restrict the amounts of markets each of us can play , 50 a week ? Restrict banks - max 50,000 ? thats ridiculous they cutting there own revenue ! that makes no business sense |
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They're not cutting revenue though are they ? They're revenue has been mullered because a lot of losing gamblers have become disillusioned with the site.
There seems to be a rate at which even 'mug' gamblers are happy to lose at ,and by all accounts it's too quick on here . |
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Their *
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Coachbuster, the starting point for a pc based on lifetime profits is too low. It wd hit some arbers bringing in liquidity and punters on a lucky run. The limitations on the number of markets and amount held wd be incomprehensible to most people and serve as a deterrent.
On the bots and data request charges, there is merit in the underlying ideas. I proposed increased bet sizes w/ lifetime profit a while back (wh/ I suspect wd be v. effective in getting losers to lose more slowly, as wd slicing and dicing the queue into average bettors' sized portions) but I am not sure whether even these suggestions are practicable. |
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incomprehensible to most people and serve as a deterrent .
___________________________________________________________ Surely most folk bet in pennies ? and the amount of markets playable would decrease prop/ with lifetime profits? As you say these things have to be practical . |
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So you think Betfair shouldn't let people keep a 500 k bank here if they wanted to , earning Betfair an easy risk free amount of roughly 15 - 20 k on bank interests only ???
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Why would you want to if the exposure limit was set much lower unless you were a money launderer ?, and do BF earn interest on a customer's bank ? Not sure they should be allowed to really ,still that's a different subject for another day.
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You didn't mention anything about restricting people with low exposure limits. Is that now one of your suggestions ?
Of Course they earn interest on customers money. As long as the customers don't get credited with it , who did you think benefitted from it ? Do you also doubt that online bookmakers have their customers money placed in banks at the best terms possible ? |
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Another idea to stop greed would be to have 2 Betfairs, a BF1 and 2 .
Once you'd exceeded a profit of 100k in |
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Eddie, i can't answer Qs about banks , same with solicitors and trust funds .... it's wrong if they do
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not sure what happened to my post on 13.48 and 13. 49
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Coachbuster
Date Joined: 08 Apr 06 Add contact | Send message When: 07 Jul 11 12:47 Joined: Date Joined: 08 Apr 06 | Topic/replies: 13,557 | Blogger: Coachbuster's blog They're not cutting revenue though are they ? They're revenue has been mullered because a lot of losing gamblers have become disillusioned with the site. There seems to be a rate at which even 'mug' gamblers are happy to lose at ,and by all accounts it's too quick on here . Good God coach, have you been brainwashed or something? [;)] |
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I keep an open mind Investor, only using BFs reasoning i am trying to make sense of the situation (if they are to be believed of course)
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Posted by Pythia on 02 Oct at 09:57.
People can take a view about whether charging fewer than 500 winning customers out of more than 110,000 exchange punters, last week, is the right move for the overall health of the exchange. But to suggest that Betfair is intent on forever putting up prices and charging whatever it can get away with is risible. Risible indeed... ........................ Back on topic, the purpose of this thread was to point out who was right and who was talking bollox all along. Good spot Investor. |
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I'm afraid there will be no market on where the PC profit threshold will be.
Dear Peter Thank you for your e-mail. I am afraid that we would not be able to offer a market for where the threshold will be in 12 months time. Please do not hesitate to contact us if you have any further enquiries. Kind regards, Sam Jackson Maybe if others email they'll change their mind. It could be a good market. |
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found this interesting post on another forum.....seems like a case of history repeating?
In the early 90s when everythiing was flying high, some bean counter in the Hong Kong Jockey Club (HKJC) decided that their biggest customers were winning too much money. They were "preying" on the public. They had to go! Didn't matter that they made hundreds of millions of action. The Hong Kong Jockey Club then proceeded to ban, personally abuse and chase away some of the biggest players in the history of world gambling. i.e. Bill Benter and friends. Highly profitible customers to their operation. An insane business decision. In the following years, their pool sizes dropped dramatically year after year - and with it their commissions and liquidity. After a crisis, a change of CEO and a public apology. They not only begged the Professionals to return - but added a 10% rebate on all losing bets over HK$10k to generate action. The pools instantly responded with major liquidity and pool size increases. The HKJC is happy again and so are the punters. |