Premium Charge looming you have no way of calculating it

How about - Don't buy the service?

I think quite a few people are examining that option

Purple

the calculation method for pc2 is pathetic and no examples in the terms and conditions, bad jog betfair, pull your socks up and make it easier to calculate and some examples please!

See my Betfair Blog Fanatic

bf_fananatic 27 Jul 11 10:00 
the calculation method for pc2 is pathetic and no examples in the terms and conditions, bad jog betfair, pull your socks up and make it easier to calculate and some examples please!


it's exactly the same calculation as before, except the rate of PC is different; i'm not too sure that warrants providing new examples.

to the OP: once you've got your lifetime commission generated (not paid) it's hardly a massive chore to keep tabs on your weekly figures yourself. it's not complicated.

besides, i was under the impression that if you were approaching PC payment the portal was "active" for you, otherwise it isn't.

dstyle, have you any calculations for the breakdown in how many pc2 payers are going to be in each tax bracket, it seems to me that all the best are going to be in the 60% bracket

It is not active unless you are paying PC

DStyle, the PC portal only shows numbers based on the old PC version. 
The new portal where 40 % PC is implied on your lifetime earnings is very abysmal in it's information compared to the old portal.

to the OP: once you've got your lifetime commission generated (not paid) it's hardly a massive chore to keep tabs on your weekly figures yourself. it's not complicated.

It gets messy if you have a lot of partially settled markets in fairness.

its the commission over lifetime profits thats the problem and I agree with the author of this thread with his concerns on the lack of information, in fact there is a complete lack of information full stop, feels like we are all fish in a barrel, no wonder we are getting shot at!

one must remember lessons in history and in times of revolution even governments that reigned for 100s of years can be toppled! q.e.d.

what a strange question.

it's either very thoughtless or you are a troll.

it assumes i'm in possession of detailed data about all PC Payers, which if i were (i am obviously not), it would surely be daft of me to share that information on betfair's forum.

that was for bff's 10:46 post btw

when you take away all the carrots and just use sticks then growth can stagnate!

was it karl marks that condemned the masses form aspiring to profit?

Eddie the eagle 27 Jul 11 10:48 
DStyle, the PC portal only shows numbers based on the old PC version.
The new portal where 40 % PC is implied on your lifetime earnings is very abysmal in it's information compared to the old portal.

they are exactly the same when i checked yesterday.

the only new ratio in all of this is

Lifetime commission generated: gross profits

which determines whether you're 20, 40 or 60. both of those numbers are there.

don't see the problem here.

if all the betfair users made equal profit then the exchange would collapse, only a bank or share investment can offer an equal dividend from an equal investment and those institutions are probably the root of the premium charge problem!

winners work and the betfair model works but the current economic climate quaked by the banks and share markets repeatedly has caused a large wave to hit betfair customers!

its sink or swim

DStyle, maybe they show numbers based on the new version if you are paying PC now, but I'm currently on 46 % total charges in the old portal basing calculation on 20 %.

The new version though tells me differently when it's based on implied 40 % on your lifetime and the information on there is very limited and difficult to understand or calculate whenever one may incure the charge again.

if japan can get on with life and look to the future than surely all of us and betfair can keep going
and come out stronger in the long run

we all need the betfair empire to grow, aside from the fact of how much we make or are charged the big bookmakers will allow us no place to live if we win!

Fanatic, I'm not a history expert but it's Karl Marx (not Marks) and I see that you're slowly coming round to drawing a parallel between communism and (de facto) monopolies.  In theory, they can both work but in practice, those in power usually abuse their position.

I'm not sure if the numbers showing in the new portal is updating either as they still state my numbers from July 18th ?

the real liquidity of any competition around is grossly exaggerated by a large factor and that race was won by betfair years ago and they are still ahead by a massive margin!

good post layer, we are pawns in the game of chess played by big companies or governments but we have to get what we can while we can as we live in these systems and alternatives are not available for choice, the real winners know that betfair gives them the best profits even after the pc2 and that would not be allowed in a communist country so I think mt marx involvement in this argument has limited usage as a metaphor but adds some drama[:D]

Actually we do not need Betfair to grow Fanatic, we simply need exchanges to grow

the real winners know that betfair gives them the best profits even after the pc2

This may be true for people who can be classified as traders only, but I'm pretty sure almost everyone caught by the new PC2 who are position takers will stop betting on here.

the premium charge has turned out to be the greatest talking point in betfair history but perhaps betfair have kept quite about how many winners are winning so much for too long, betfair are tied to customer account confidentiality but that fact that so many are making big rewards cannot ever be claimed by any bookmaker! are we not missing this fundamental factor that betfair offers all of us
the chance to make big profit in relativity to the charge this requires to keep betfair alive and kicking!

the PC portal numbers should show numbers for week 18/7 to 24/7

its a no brainer for me! betfair is king, long live the king

The old portal is updated for me and shows numbers from last week based on the old version of 20 % PC, but the new portal still quote numbers as of July 18th.

bff, when are you actually going to start betting on the king site and not just spout endless drivel on it's forum ?

not quite sure i follow you eddie. there's only one portal isn't there?

I'm talking about this one as the new :


https://terms.betfair.com/terms/

that's not a portal afaik. it was just being updated until the 18th July until the new PC came into effect.

what's your total charges in the "old" (and only ) portal?

when britain ruled the world, around 50% of it, folk complained about paying taxes to keep britannia going but now in the shadow of its collapse can anyone say the world is a safer and better eduacated place, the list of countries and continents Britain has reformed and cultered is impressive.
u.s.a, hong kong, singapore, australia, canada , india , new zealand,(part saving europe from facists twice if not more times) is taxation of any kind a bad thing when it gives security and a common goal to do well and raises our ideals and goals!

Total charges in that portal is 46%,  but the terms thing say I would be on 74.6 % had PC been 40 % from day 1.
  Very confusing and I'm not sure how I'm supposed to calculate when Im liable for the charge again.

Dont wish to be rude Fanatic but you appear very naive

the british spirit for free enterprise is still alive and this is mirrored by the betfair exchange model, lets look after it and full steam ahead for all of us users and the company!

and were you on 46% total charges on 20% pc?

would appear that they're not updating your one as you're not close enough to be paying it.

my total charges went from just over 20% to just over 40% this week with the fudge update to my total PC paid as described in the terms.betfair.com site.

can you explain your claim please bettingdotcom[:D]

Yes, the numbers in the portal is based on the old 20 % version.

So I guess it will only update to PC2 in the portal the day/week one are liable for PC again ?
  Makes it very difficult or impossible to know when that will happen before it actually does.