General Betting
There is currently 1 person viewing this thread.
These 310 comments are related to the topic:
Just got my premium charge statement from betfair
Just got my premium charge statement from betfair
sort by:
Show
per page
Replies: 310
|
By:
Hazel
I don't pay PC2 weekly in arrears like you, because I Pay MORE than PC2 in advance |
|
By:
if I where a member of the elite 500 here and pack up for bd to achieve average 7% of the market money available on bf just to avoid paying pc2 thenI would expect the financial world to honor me with a golden turkey award for dumbest business move of the year!
but some folk on here seem to know everything that the educated don't! |
|
By:
so if they are doing that why did bf throw the baby out with the bathwater if its causing problems in the boardroom it is clearly of their own making
why not a much more careful phased approach to cover costs and investment or are there other adgendas as I understand it they were not losing money just breaking even with the naughty winners!!!! or was it a knee jerk reaction to the share price and a panic decision or is it more the original bf system and its staff leaving/changing and being led by accountants (does this sound familiar) |
|
By:
its like saving to a trans oceanic freight company reduce your operations to just the Mediterranean sea as the waves are much smaller!
|
|
By:
agendas
|
|
By:
Do you think the new PC will be charged across the board or will there be exemptions for customers who BF see as important to their operation, genuine seeders in thin markets etc.
|
|
By:
thats because you are less efficient than I was 4 to 10 years ago.
I recall befairs argument against paying more tax/levy than other bookmakers was that they should not be punished for being more efficient. Now look at me paying 60% whilst other more profitable punters pay only 40% or 20%. I win £10 on average and pay 60%, other win thousands and pay a lot less. Dont seem fair to me. P.S. I am not paying 60%, It is uneconomical for me to pay at that rate. |
|
By:
Richard, I don't think there will be exemptions as rules are rules and you cant have one rule for one and another for another!
|
|
By:
so hazel your going to play in market that are 7% smaller in the hop to win more?
|
|
By:
shall I post you a golden business turkey award too?
|
|
By:
the best service provider usually aways charges more and there value is usually market tolerant!
|
|
By:
bf_fan so far so good this week. better off across the road. P.S. i am not a business just a small recreational punter who happened to be at betfair in the early years.
|
|
By:
Hazel
you say you win £10 on average... but what you do generates extremely consistent non volatile profits... you say proudly "thats because you are less efficient than I was 4 to 10 years ago" I did not know efficiency was the target :o) |
|
By:
Only "real competition can cause a narrowing of charge difference, in the case of bf vs other exchanges its not applicable or relevant"
|
|
By:
I really don't know where people are going with this
I have successfully traded the chelsea match today so what's the problem |
|
By:
only 1 in 10,000 users will be charged pc2 and they will still make more from betfair by a country mile than any other betting company long term!
|
|
By:
maybe just the fashion guru style player may use other sites but serious players will stay!
|
|
By:
do you work for betfair bff.....because if you don't you should...i'll give them a call and nominate you for pr manager.....and if you do a good job you can spin the pcharge benefits on betfair's behalf
|
|
By:
your talents are surely wasted on this thread
|
|
By:
The Magician (101)
I did not know efficiency was the target :o) Luckily for you  |
|
By:
If my business rent or rates were to go up by an unusual amount I would certainly review who i was with
this certainly happened to me on two occasions leading me to buy my own business premises thereby avoiding having to pay rent any more(not rates unfortunately) You have to realise that some products and resistance to buying them can be very price sensitive. I hope this doesn't screw betfair but I am not sure where they are going with all this price hiking -ther may be other agendas as i said previously |
|
By:
andyl, very funny, like your post, so now am the bf spin doctor
 |
|
By:
there
|
|
By:
I will say one thing, if 60% becomes 99.9 somewhere down the road, I hope they issue us with free coffee and tea like the hs bookies do as at least we will make something out the system lol
|
|
By:
thats all bookmakers offer lol
|
|
By:
bf-fananatic do you pay pc ?
|
|
By:
aspy, he doesn't even bet on here
|
|
By:
ah just a betfair employee on min wage trying to get brownie points saddo
|
|
By:
Resident PC expert. 360 posts in a week, all saying more or less the same thing
  |
|
By:
As some of their competition has left PC payer profits should increase to compensate for the extra charges. If a 20% PC payer was used to winning £9k a week but can now win £12k a week the PC increase to 40% doesn't matter. (No I lose one in four weeks please!)
80% of £9k is £7,200 as is 40% of £12k. The problem is there is no incentive at all for an increase in the number of people losing the £12k because their commission has not dropped and the playing field is no leveller. Therefore the only progress will be for the £250k winnings limit to be reduced to say £100k next PC. Purple liquidity pre-race has been OK for ages. I believe racecourse bookies channel money through it? PC payers not reliant on in running have been throwing money away betting on here. There is clearly a bot that arbs between there and here. If you take 2.0 on here but pay 20% you are getting 1.80 but the bot will scoop up requests for say 1.98 |
|
By:
Actually I don't think he likes the PC any more than you or any others do.
He is just generally defending the right of BF to make business decisions based on the complete set of facts they have on hand, which none of us conversely have. And I see no genuine counter arguments ever on here to that very basic, commonsense point. All I read is personal self interested hysteria. |
|
By:
All I read is personal self interested hysteria.
You mean like yourself as you have said it's in your interst to have as many people staying here as possible ? |
|
By:
the purple site has had %35 increase in new customers, we must use the site and make it stronger.
only real compition will make betfair back down, however this will take time |
|
By:
One thought that I havnt seen posted re PC1 or PC2
Wouldnt the top winners and therefore PC payers be .... bookmakers? |
|
By:
I'm not, Lex. Just a value seeker, who's fairly disciplined, likes to lay off and has been winning consistently for 4-5 years. They've effectively said to me "you've had your fun , now you can sod off, or give us half".
|
|
By:
Absolutely 1.01, "Winners not welcome" is now the loud and clear message.
Any newbie with more than 2 brain cells who ventures on to these forums will see that and would either think they can beat the system (they cant) or simply want to punt for fun as it easier than a bookie. My point was - arent (most?) of the top winners bookmakers? If the answer is yes that explains to me the raison d'être at the heart of this. Betdq was ( maybe still is) billy hills main lay off medium of choice for example... |
|
By:
And why not? It's an exchange. Good luck to them. Not sure why bf think it's their money.
|
|
By:
Lex
27 Jul 11 17:16 Joined: 27 Oct 03 | Topic/replies: 340 | Blogger: Lex's blog Absolutely 1.01, "Winners not welcome" is now the loud and clear message. Any newbie with more than 2 brain cells who ventures on to these forums will see that and would either think they can beat the system (they cant) or simply want to punt for fun as it easier than a bookie. My point was - arent (most?) of the top winners bookmakers? If the answer is yes that explains to me the raison d'être at the heart of this. Betdq was ( maybe still is) billy hills main lay off medium of choice for example... Why would bookies hedging off unwanted liability result in them being amongst the biggest winners on betfair? Those accounts should, in theory, be about break even before comm. |
|
By:
Lex
I can't tell you who they are...I can tell you, I'am on 40%, I just bet (not trade) and have no fast TV or inside info... |
|
By:
Betfair is to my mind becoming a bookmaker; but bookmakers use Betfair and cost Betfair money. So; get rid of the bookmaker. The collateral damage along the way (sorry 1.01 Layer and the other PC payers) is worth it to them.
That is my view as to what is going on here. |