Haha Clydebank :)
Well.. my account is so profitable that they would sure keep an eye on me. And they have indeed grouped all my accounts (four) together, one on my request. I think to try to fool BF as a winning customer is shooting yourself in your own foot.

mmm I'm suspicious that your story is total baloney.  To win nothing in 10 years and then enough to cover the previous 10 years turnover and still end up in PC2 teritory in one is a tough story to believe.  Taken in conjunction with some of your other comments I even more think its bollox.  I have to say it as I see it, although I accept I could be wrong.

f-ck...all these winning punters with very new chat sign up dates, just love the PC

hazel, what would your advice be to those who pay the over 60% in
commission on winnings but do not pay PC. ?

Kenilworth I would advise them to win as much as possible as quick as possible, but try not to win at a rate lower than 40%.  You can win as much as you like if you avoid the PC2/3, but once caught you are given a life sentence. 

If you take me as an example, every single week for the rest of my life I will have to pay a MINIMUM of 60% charges, whereas the likes of others who take out from Betfair far much more money than me do not have such restriction; thay can pay as low as 2% some weeks.  And just as absurdly, others who again take out far much more money than me, only have to pay a MINIMUM of 40% for being slightly less effiecient than me in the past. 

Not forgetting all these PC2/3 charges are based on past performance and subject to change should Betfair desire.

But perhaps most of all I would advise everyone to not put all their eggs in the Betfair basket.  Particularly if they aspire to being a "long term winner".  Liquidity elsewhere is now sufficient in the major markets to warrant a sizeable percentage of your bank.  I would also advise people to keep open other bookmaker accounts if they like "back" bets.

romortio
12 Sep 11 10:35   

But Eagle.
You state that certain type of PC2 payers will leave. I think hardly any PC2 payer will leave/left. The only reason for a PC2 payer to leave would be when he has actually a risk of losing or when the time invested does not justify his profits. I think neither is true for the majority of PC2 payers.

As I said, most PC2 payers that are position takers whether they are market makers, traders or old fashioned gambler will leave or have allready left.   These customers have a betting pattern which may include long losing runs and that is not something that can be risked when liable for PC2.

And if I may add, your story isn't very belivable and it certainly isn't if you go AWAL as you said.

betfairs downfall started when the pc1 was implemented and for them it worked, gave them all the hop to
rack up the charge and pay for there dismal performance due to over investment and stagnation in the real world of market flotation, chances are now there not only a matured business because of there portly belly and lack of ideas but at the top of the roller coaster ride and
wheeeee its all down hill in a year or twos time, mark my words.

Its not just the pc2 thats productively wrong for betfair, its the cracks that are hiding behind within there company that it will seal there fate. q.e.d.

TheInvestor2, it certainly is the case for 3 people I know on here.They are all what you can call position takers and they have all stopped betting on here.
  I'm also a position taker and are close to reaching the 40 % threshold and I can promise you that I will leave this place when and if I'm liable for PC2.

Certainly not because I think I can do better elsewhere.
  It's partially out of principal and in spite, but the biggest reason would be the fear of starting off with a good run and pay a fortune in PC2 and later go on a bad run and either go skint because of this or just the no rebate point in that case.

No comfort in not paying PC2 when on a losing run as long as you paid a fortune when you had the good run.
  This is exactly what happened to me with PC1.  I had a good run and paid a small fortune in PC before I hit the bad run.
I didn't go skint during the bad run, but only because it was in the PC1 age. I would have lost it all had PC2 been in place during my good run back then.

The only reason I can think of why they didn't implement my suggested rebate method is they would lose money in a) the cases Eddie describes and b) when customers die.

It means exactly that - I am being a bit dim.  Understand now.  What I was thinking was that you would come out of pc territory at some point during the losing run but of course that wouldn't help until you started winning again.

Hmm, yes.  It's a shame that nobody can think of a way round this.

I already did catfloppo and sent it to betfair. No reply. Their complacency will be their undoing.

wow eddie, that's an extreme scenario. I guess I couldn't really imagine a big winner losing a large amount over a period as long as 6 months (except for arbers who win it back elsewhere). Of course, all kinds of crazy stuff can happen with entering incorrect odds etc. but losing a lot purely due to variance over such a long period would scare me regardless of PC.

Is your main income derived from betting?

That's impressive, Eddie.