General Betting
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My Betfair Story
My Betfair Story
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oh, and if i have a really good run, up the PC threshold please, or if i find a new way of making money, can you make that method exempt from PC as well please.
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1.01 Layer
True Lori but it does increase the likelihood of going all green on a market. Take cricket: T20 - win some lose some; 5 day test - rarely lose. Correct, I hardly ever green up on a horse race (pre-off) but usually always do on a golf tournament. |
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Interestingly, those using retrieval type staking pay much higher amounts of commission that those that don't.
Martigale should be the way to go to save commission  |
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Many alternative suggestions to these new charges are being put forward as a 'fairer' method than that which has been introduced.Does anyone think betfair may consider tweaking the new charges or are they cast in stone with them pleased that some of these winners will disappear altogether?
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Betfair will probably look at it in a years time to tweak and catch any winners that slipped thru the net this time. They'll be over the moon if the winners move away as their aim is to become a 365 type sportsbook.
Once innovators in betting now sadly just poor imitators. |
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frog2 19 Jul 11 12:36 Joined: 01 Feb 08 | Topic/replies: 183 | Blogger: frog2's blog TB, I am no way suggesting you targeted anomalies in the charging system. But I think you are against 60% because it seems like a massive increase. Commission if you pay it on lots of short term markets is a 'hidden' charge that is harder to notice. Being told you have to top up to 60% is obviously a massive shock. At last check I paid 68% of what I have won on here in commission. I am not complaining about paying it because it has happened over the years of mainly outright betting with some systems working and others failing with all the time commission chipping away at it. You have had a good run. The way you bet and your skill means you have paid less than 5% of your total profit on Betfair to Betfair. Had I only had to paid that much commission as well my overall profit for the last ten years would be almost treble what it actually is. If I had been earning that much and was suddenly told that I was about to only get a third this year as to what I got last year I would be upset as well. But I am happy to have paid what I have paid because without Betfair I would have been stuck trying to get on at the bookies. But if they told people years ago when they started on here that trading out or greening up or having a high strike rate might mean you have to pay 40-60% of your profit in the future I think most people would have played somewhat differently. Thats why its unfair because its based on past performance not what might happen in the future. |
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Well no-one knew that years ago, did they? Everyone knew however that the commission structure was subject to change.
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perhaps if all the winners for a known good reason move off betfair then losers will have more chance winning money against other losers but i cant see how they will have a better chance when they too will still be on 5% comms, maybe they need to get some quick business studies done before they end up on a bookmakers site somewhere breaking rocks on there heads, tee hee
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whilst on the subject of having to pay th new premium charge, in the country there is no need for pro gamblers too pay tax as its a law that the common person has had for some time, windfalls or wins my fellow britons are not expected to hand over such gains, taxing them at betting source at this level has never been done since the black market days before legal bookmaking, what would the recent 161,000,
000 think if they were told there losing 60% as camelot need more players, they wouldnt be tickled pink as they said they was when they won and i doubt all the new payers of the premium charge are tickled pink today so lets please have some kind thoughts for britos losing windfalls . |
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today marks the day of the decimalised or even decimated winner in the uk, boo
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