General Betting
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Wonder if someone can figure this out for me. When you get your life time p&l, should you look at gross p&l or net p&l(comission included)? Because techincally if I have a turnover of say £1000 from a £100 deposit but my balance is 0 my p&L should be 0 but net p&l would read in the minus because of comission paid?
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*balance is £100
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Your lifetime pnl should be net winnings (actual commission already taken off) less deposits but I don't think Betfair like to include commission paid in a simple figure.
They prefer to fudge the true figures by using "implied commission" as it allows them to charge over their 20% 40% 60% commission bands without the need to bother the regulatory bodies worrying about their next free lunch. |
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They removed the amount actually paid from the PC portal, because apparently, it was 'confusing customers'.
That really p!ssed me off at the time. |
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still p!sses me off investor
that was the easiest part to understand , the rest of the premium charge was the 'confusing' part |
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I'm lost.
What is the difference between "Actual Gross P&L" and "Gross P&L"? In last week statement Gross P&l is equal to net P&l plus commission (charges) taken (checked against my account), but on statement commission generated is almost half of commission taken (No premium charges or other charges in that period). My head hurts.  What is this "Big win" position? Is it your biggest win ever or latest or what? |
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avi, not enough to say for sure what all these numbers are , but I'll give you my educated guess.
I take it all these numbers are taken from teh Premium Charge portal and "Big win" only comes up when you have a win in a market(during your lifetime) that represent more than 50 % of your lifetime Gross PL. As long as this "big win" represent more than 50 % of your liftime Gross PL, it will be exempt from the calculation of Premium Charge. I don't have any "actual Gross PL" in my report , so I'm guessing this will be your lifetime Gross PL including the big win and the "Gross PL" will be your life time Gross profit without the big win and that will be the number used for calculating Premium Charge. Note that you may not pay Premium Charge at this time because of the big win exemption, but as soon as your lifetime gross profit exceeds double the amount of your big win, you may have to start paying Premium Charge and due to this big win exemtion you may find yourself well below 20 % commission generated( or 40 or 50 or 60 if you are on super PC) and will have to pay PC without rebate for losing weeks until your commission generated gets above 20 % again( or 40 or 50 or 60 ...) Gross PL is your gross profit for the week before any commission is taken, so if you had no losing markets it should be the same as your net profit plus commission paid. Commission generated though is the figure used for PC calculations and it is commission paid added together with implied commission( 3 % imaginary commission on all your losing markets). This figure is then divided by 2 to get the commission generated figure. So if you have no losing markets during the week, the commission generated figure will be exactly half of what you you have actually have paid in commission. |
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twenty tenners please.
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Thanks Eddie. All fits and clear.
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@lanza
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