General Betting
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07 Jul 11
09:48
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Replies: 12
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Is it possible to make a £m a year profit on here and not pay one penny in Premium Charges?
Yes or No? |
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I don't know about others but what is this thread all about? What message?
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what a £m?
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I know you only bet with pennies, but there's this thing that when you get 100 of them it's called a pound (£).
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I think he means that the "m" to be a million.
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is it so hard to write £1m ...
PC - and making £m a year = add message here Can people not express exactly what they mean instead of this cr@p !"! ... and then goes to explain in 2nd post what he meant, but he could be talking about £2m, £5m, £10m, £100m ... you are only guessing that he means £1m. I have in my entire life never ever seen someone write £m until now, foreign customer I'm guessing |
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Yes, it's possible, even after the 18th.
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pumpkinslayerII
I know you only bet with pennies, but there's this thing that when you get 100 of them it's called a pound (£). It's great that you are trying to be funny, it's a side of you I have never seen before, but I think you should just stick to being a ****  it suits you better |
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Schalke's sharp mind shining bright as ever
 In answer to the op, yes by the simple mathematics of winning £m, after commission, whilst having a lifetime commission rate of over 40% |
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'but he could be talking about £2m, £5m, £10m, £100m ... you are only guessing that he means £1m'
Who is? He means £1m+ as in 1m and upwards |
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Nice simple answer Cat.
And totally unchallengeable. I like it as usual. |
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By my calculations (assuming a 40% discount rate), to win a million and not pay any premium charge, you would need to have gross losses greater than $22 million if you are on 40% pc , and gross losses greater than $50 million on 60% pc. Personally, I will be on 60% pc for the rest of my life and if, for example, I make $1m profit next year with gross losses equal to $1m, I will be returning $590000 to betfair in premium charges. I'm not whinging, these are just the facts of the new premium charge. I hope betfair spend the money wisely.
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