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kuthira
06 Aug 11 10:50
Joined:
Date Joined: 10 Mar 08
| Topic/replies: 474 | Blogger: kuthira's blog
Does the premium charges paid this week ( as part of the last weeks profit ) be included in the "commissions paid" or "Other charges" for the calculation of current week's premium?

Let me know if anyone has any ideas.

Thanks
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Report Eddie the eagle August 6, 2011 10:57 AM BST
Yes, they will be included under the Premium Charges number and therefore also under Total Charges.
Report kuthira August 6, 2011 11:53 AM BST
Thanks Eddie. thats a relief.
Report bf_fananatic August 6, 2011 12:57 PM BST
kuthira the way things are going, successful betfair customers will need more advanced software to
make a profit and even more advanced software to calculate what they have actually won!
Report kuthira August 6, 2011 3:35 PM BST
absolutely bf_fananatic.. I have started maintaining stuff in xl and using macros.

If i am planning to back any horse ( and not trade later ) I use will hill. Odds on betfair not always justify the premium. Anyways.. cant help it. I do half the betting in will hill and use betfair mainly to trade
Report kuthira August 7, 2011 8:44 PM BST
Is it legal ( as per betfair terms ) to back to lay on a event in betfair and then back to win the same event elsewhere ( say ladbrokes or any other bookmaker ).

It might result in a small loss ( or even some profit if you get the odds right ) but certainly could save some of the premium charges.
Report TheInvestor2 August 7, 2011 9:38 PM BST
Yes, in fact Betfair actually suggested doing this at the original PC meeting some years ago.
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