General Betting
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Last Week 01/08/11 - 07/08/11
How is is possible to have Total Charge of 2.05% if my commission charge is 2.5% and I also had losing bets for more than 3000 euros in total during this week?
How is is possible to have Total Charge of 2.05% if my commission charge is 2.5% and I also had losing bets for more than 3000 euros in total during this week?
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I don't get it...
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I believe your commission in regards to pc charge is calculated as follows
Commission paid + Implied commission(add up all your losses and multiply by 3%) then divide that figure by 2 so you could pay £140 in actual comm and have losses of £1000 (x 3%) so £140 + £30 = £170/2 so your actual commission paid is £85. If this is wrong can someone correct me |
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Biscar, you are correct. Commission generated will usually be lower than commission paid on winning weeks.
Last week my commission generated was 1 % as I won on both markets I played. |
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Although you may have paid a lot of commission directly, you will not have generated as much if you are winning more or less every bet you are placing which is what you appear to be doing.
Commission generated is commission paid+ implied commission / 2 as both the backer and the layer have contributed towards the commission you have paid. If you imagine that you have won every single bet in the past week and paid us €1000 in commission. You will not have paid anything in implied commission so your total charges generated would actually be £500, even though you have actually been charged £1000. I hope this gives you a clearer understanding. Kind regards Carl Albon Premium Account Executive |