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Is the Premium Charge UK only?

grrrrrowl

24 Jan 13 11:49

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Date Joined: 29 Oct 04

| Topic/replies: 4,582 | Blogger: grrrrrowl's blog

I just ask as I met some scandinavian guys at a Betfair hosted event and they were completely oblivious to the premium charge

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Replies: 19

By:

1.01 Layer When: 24 Jan 13 12:02

If it is, I'm moving

By:

siwaadupa When: 24 Jan 13 12:14

PC is Everywhere.

By:

Eddie the eagle When: 24 Jan 13 14:29

Only place I know of to avoid PC is Ireland

By:

PittsburghPhil When: 24 Jan 13 14:41

Your Scandinavian friends must be losers.

That's the easiest way to avoid PC ... be a loser.

It works for me

By:

TheVis When: 24 Jan 13 16:07

.....or alternatively very large market makers which the PC was designed not to hit

By:

viva el presidente! When: 24 Jan 13 19:50

yes - "scandinavian" may be the giveaway. swedish, were they?

By:

grrrrrowl When: 24 Jan 13 23:02

Yes they were Swedish. It's not the fact they have never been charged PC, it's more the fact they had never even heard of it. The guy from Betfair actually said he thought the PC was UK only which I was astounded at!

By:

Eddie the eagle When: 25 Jan 13 09:17

The guy from Betfair actually said he thought the PC was UK only
Just another proof of ignorant Betfair staff.

By:

Templeton Peck When: 25 Jan 13 09:22

Some are beating around the bush here. Did they have anything to do with this mob?

http://www.bettingpromotion.se/

I'm assuming they'd have at least heard of the PC, but they get special treatment and don't pay PC as we do.

By:

nigelpm1 When: 25 Jan 13 09:29

Jan 24, 2013 -- 4:07PM, TheVis wrote:

.....or alternatively very large market makers which the PC was designed not to hit

how does this work?

By:

Templeton Peck When: 25 Jan 13 09:33

niglepm1, here's an example: http://www.bettingpromotion.se/index.php?option=com_content&view=article&id=1&Itemid=10&lang=en

Also interesting to note their share price is just 1/4 of what it was five years ago, although there could be a whole host of reasons why this is.

http://www.bloomberg.com/quote/BETT:SS/chart

By:

grrrrrowl When: 25 Jan 13 17:45

Jan 25, 2013 -- 9:22AM, Templeton Peck wrote:
Some are beating around the bush here. Did they have anything to do with this mob?http://www.bettingpromotion.se/I'm assuming they'd have at least heard of the PC, but they get special treatment and don't pay PC as we do.

As far as I know they were just regular punters who were there just like me. And to make it clear.... they had never heard of PC.... I'm not talking about the various loopholes or any kind of waiver.

By:

viva el presidente! When: 25 Jan 13 19:53

what was the event and who was it for?

By:

grrrrrowl When: 25 Jan 13 22:05

it was just that NBA promotion thingy last week at the O2

By:

bf_fananatic When: 25 Jan 13 23:52

In case you British bird brains haven't worked out why the Swedish folk havent heard of the PC charge
it just might be because the Premium Charge only effects members that make profits from core sports
and not poker or casino as our foreign friends are probably poker players, I forgive the Presidate for
making this obvious mistake as I understand he shines with less candles but drips his wax everywhere he goes....

By:

grrrrrowl When: 26 Jan 13 08:46

Jan 25, 2013 -- 11:52PM, bf_fananatic wrote:
In case you British bird brains haven't worked out why the Swedish folk havent heard of the PC chargeit just might be because the Premium Charge only effects members that make profits from core sportsand not poker or casino as our foreign friends are probably poker players, I forgive the Presidate formaking this obvious mistake as I understand he shines with less candles but drips his wax everywhere he goes....

For one.... to have won those NBA tickets you would have to have been betting on American sports at the very least. Secondly, these guys mainly bet on football. There's no real sense in them not having heard of PC, I guess this is why I'm so surprised!

By:

atom burns When: 27 Jan 13 20:30

usa = no pc hear you get 3% cash back over hear the over is bad

By:

swedsil When: 29 Jan 13 06:34

YES we pay PC2 in sweden, same same.

I do and I know 4 persons more that also pay

By:

TheVis When: 29 Jan 13 12:59

nigel pm

".....or alternatively very large market makers which the PC was designed not to hit"

The PC doesn't hit BFs large market makers as they have a massive turnover and work to very small margins and pay a large %age in profits on commission even at 2%. They designed the charge so as not to frighten these players off who are crucial to the site.