General Betting
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A successful gambler is affected by PC2 at a rate of 50%.
He pays £500 of transaction charges per day.
He earns £800 per day which after PC2 is actually £400.
The net result is -£100 per day.
I think this case has not been discussed here.
What do you think about it?
NB: transaction charges is excluded from P&L for PC computation.
He pays £500 of transaction charges per day.
He earns £800 per day which after PC2 is actually £400.
The net result is -£100 per day.
I think this case has not been discussed here.
What do you think about it?
NB: transaction charges is excluded from P&L for PC computation.
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Does PC2 affect you Ouhlala?
How does said gambler accrue such vast daily transaction charges? |
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Yes it does Trevh :)
Automate a few strategies over a few sports and you quickly get a lot of transaction charges. 1 extra bet placed (not even matched just placed) costs 1 penny. It is then only worth doing it if you earn more than 1 penny with it. With 50% tax, a transaction now needs a gain of 2 pence to make sense. It is easy to realize that a lot of formerly winning strategies are now losing money. That means they need to be stopped. Betfair then suffers on three different sides: 1) loss of transation charges, 2) loss of PC, 3) loss of liquidity One more weird implication of the over-complicated premium charge, I would say. |