trev cant see how one can deduce the sexuality , occupation , or a whole list of other personal details
based purely on threads and posts that dont always go the way of bias and narrow minded opinion .

To clear the matter up I am male though how that will make any difference in my postings is probably only the interest of sexist ideology which in your case the word she was mentioned several times!

On that subject does the fact your forum name contains a male name evidence that you have a sexual
identity crisis or am I like you reading things that arent there, hmmm

Saint, I say you are taking up iz7777 chalice that my remarks that revenue is not the ownership of betfair as a mis-quote and in some way a mistake, well think how most businesses work, lets look at say a higth street bookmaker that is a single shop businesses rather like say my friend had, you have cash coming in, that goes in the till, you also have to keep a reserve to first set up in business lets say £20,000, who provides that ? certainly not fred who stumbles in from the pub and puts a fiver on the first favourite he can spot thats a short enough price!

In a small business it is known as cash flow and in a large business it is known as revenue
so both belong to the company, the money does indeed get mixed up in one amount and without cash flow or revenue a business could not operate weather the money comes from customers, the bank, or your rich favourite uncle its what keeps the company able to operate.

I can understand where your coming from though, an exchange is viewed as different to bookmaker in that the 2 account parties take the risk and not the company so it could be viewed as a direct contrat exclusive of betfair, but cant you see that the 2 parties never know each other as the exchnge handles everything for them and then requires a commission charge for doing the business work for them, all this is done through a fast (milliseconds) user friendly website or api product in the knowledge you are getting sometimes 101% over round so the best prices on the planet.

What more could you want to aid a winners chances, but that has created a unique problem, cant you all see that a core of regular winners is doing oh so well and keeps getting better at it so there taking more out the cash flow or revenues and there is less money coming in at the moment because
general dumb heads arent learning the benefits of an exchange and still keep using high street bookmakers, though all betting companies and companies in general are doing less trade because there is less cash flow in the economy currently due to the greed of the banks and we all know that story.

I will say one last thing, If you were the owner of a bot or a successful trader or bookmaker laying off at a profit or a prediction race modeler with a 30% edge and making millions every year off the betfair system, the best in the world, would you not be thinking gee how do betfair manage to keep supplying me with money, surely they must feel the strain,. surley they may charge me more commission because I take the most out the system!

so you see its a pointless arguement attacking the higher premium charge because its a needed
policy to charge people for what they make out of the system and  considering they dont pay tax on all the millions paid to just small percentage of the betfair community I cant see how they can complain, doubtless they will get better at making more money and betfair will still have to find more new money to pay them!

Utter bunkum fanatic.

well I have just paid out 2.5 percent of my winnings on Man utd
I quite like that

1  -  3  now

I was really shocked to read to other day that a bank's top 50 customers actually make more than the bank.  Surely there must be a way the bank can charge those customers, to get it's fair share.....

so just to be clear bff, who owns the money in our accounts?

Answer the question ffs.

again saint I have never been directly asked by Iz7778 the question " can you also clarify what your concept of revenue is?" and challenge you to find when and where this was directly asked.

furthermore I have never implied that money in accounts does not belong to account holders[customers on the exchange or in your witful remark bank].

It wasn't iz asking the question, so please

-- can you let us know what is your concept of revenue?
-- can you let us know if the above definition is wrong?

And you have implied that the money doesn't belong to the customers. Because you like quotes, let me quote you:

-- "To answer your Question the money held in an account belongs to both parties that are involved with the account"
-- "In a small business it is known as cash flow and in a large business it is known as revenue
so both belong to the company, the money does indeed get mixed up in one amount and without cash flow or revenue a business could not operate weather the money comes from customers, the bank, or your rich favourite uncle its what keeps the company able to operate."

(A small clarification: if the money deposited by Bf customers which is not "revenue" were to be considered revenue, then Bf is late with the taxes, because that money hasn't been declared as "income")

And because Mr. bf_ finds time for poetry but not to answer simple questions and because he contradicts himself, another two quotes (from this thread two) where he implies that the money belongs to Bf and not to the customers

-- I have estimated form the figures released that betfair may of paid out as much or more than £375,000,000 to the top winners on betfair in the last 6-8 years

-- From the revenues of the company via money deposited

We welcome your clarification on the questions posted above by me and others.

bff - could you explain this, thanks -



(b) the wagering funds of registered players must be held in trust by the licensed provider (or by an agent of the licensed provider approved by the Commission) and must not be disbursed or otherwise dealt with except as authorised under this Act or as the Commission, by instrument in writing, from time to time authorises;

(c) for the purposes of paragraph (b), an account used for the licensed provider's Tasmanian betting exchange operations must –

    (i) not be used for any other purposes; and

    (ii) be maintained with an authorised deposit-taking institution that carries on business in Australia, at a branch or office of that institution that is physically located in Tasmania; and

    (iii) be independently audited at least once every 12 months, and at such other times as the Commission may instruct;

I have always answered all questions correctly to my business knowledge and in line with common sense,
If you fair to comprehend the answers correctly then i cannot be held liable!

A company under general rules do not have to pay taxes on money held in a company in the form of "revenue" that is used as a general value of all money involved with the company including all money incoming to the company, check the meaning once again and understand that revenue is a word that has different meanings in different context, just like in your context you think its all yours!

there you go again chopping an pasting to get out of your corner, dont you know when your beat, no wonder a premium charge scares you so much as it makes you do something you cannot manipulate, perhaps you should thank your lucky stars you dont have to pay taxes instead of the premium charge or you wouldnt be able to keep hiding under your stone!

according to you both wikipedia and bf_fanatic are incorrect in there understanding of revenue and betfair are going to pay a new mystery tax you wish upon them, wish all you like pilgrim

bff - maybe you can try this one too -

76ZQ. Limits on use of player's funds

A licensed provider must not have recourse to funds held on behalf of a registered player...

iz77778 this rule is never broken by betfair, the rule of "manipulation of the facts or truth" is constantly broken by the same forum few, and you know who you all are !

when the roman armies decimated there legions in other words 10% were executed I am sure if the sum of the 10% was of a similar mind set of 10% of the some of the few lunatics that post tripe on here, the act would of been beneficial to the roman army exponentially . Hail betfair lol

If you "constantly go round in circles answering the same questions", you won't surely mind answering the only one you haven't answered.

"The funds in the ring fenced account belong to ..." ??

We sincerely appreciate your answer

I will not answer the question are customers accounts or monies ring fenced as Justin Hubble, Head of Legal, Betfair.com has answered the question masterfully and in depth, and I think you are trying to get me involved in something that is the realm of legal persons of which I am not suitably briefed and anyway its none of my business to answer such a question!

certain persons are stupidly attempting to suggest that money is not secure on here when it is and trying to suggest that no-one can make a profit now because of a charge on persons clearly able to make a big profit and at the level that affords them much wealth even after paying the charge!