General Betting
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how much do u need to bet per week to get down to 2% commission.
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Well you'd need to maintain 150k with 15% commission.
So you'd need to generate 22.5k betfair points each week. In fact you'd need to do more as you would decay then rebuild, so you'd need to actually generate the following amount: (150,000 / 0.85) * 0.15 = 26,470.5882 You earn Betfair Points every time you bet on a market. You will earn 1 point for every 10 pence of commission paid (if you have net winnings) or implied commission (if you have a net loss). So assuming you're not making a loss you'd need to be paying £2,647 just in commission each week But your commission is only 2%, so you'd need to have gross winnings of £132,352.941 as well as making a net profit. Loads, basically. |
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Actually that net winnings refers to each market not the week I think so you'd require a total combination of gross winnings and gross losses to be that figure.
But that's a lot of betting or trading in any case. |
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mission impossible
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Interesting topic though, would be interesting to know what the forumites commission rates are.
I'll start then :) I generate around 6000 points per week and pay comm at 3.3%, hopefully will reduce that further next year. Who's next, bluey, ror? |
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I've been on 2 % most weeks the last two years or so, but am on 2.6 % this week and it will increase steadily up to 4.5 - 5 % within the naxt couple of months.
ror, you "only" need to generate 22500 points every week as a minimum to be on 2 %. This is because your discount rate for the next week is calculated before they deduct the 15 %. |
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2% since 2006 except for a small blip when they changed the thresholds.
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3.9%
it's the decay that kills you. -v el p, specialist subject, stating the bleeding obvious. |
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I'm on 2.0%, I bet typically £2 a time and still sometimes green out!
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