General Betting
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Has your account got to be in profit from the day you opened it to pay this. So if you had lost say £50k in 10 years you then then have to win that back first in order to be eligible for it.
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Yes, you would have to win that back first, since it only applies if your account is in lifetime gross profit (and then further conditions apply). So even if you have a very good week, if you have previous large running deficit, you wouldn't be liable.
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What Andriy has said is spot on. Even if you won £50k this week you would not pay any premium charge, as per your example, as you would not have made any 'lifetime' profits, you would just pay Betfairs 5% commission.
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hence if you have an account on minus £50k, valuable asset for a PCC payable to have/buy
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