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Good news.
More details here https://betting.betfair.com/betfair-announcements/ exchange-news/the-betfair-exchange-expert-fee-faq-111224-6.html |
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Any chance of my buffer being refunded?
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It's a serious point, they end these rules at a point where my commission is higher than 20%, I've paid even more than the pc
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Your PC buffer is carried forward for this new charge.
https://support.betfair.com/app/answers/detail/expert-fee-faqs#bufferlost I have built up a large Premium Charge buffer over time. Will it be lost? In order to transition smoothly onto the Expert Fee, we will reference the last time that you incurred Premium Charge and use your activity since this point in order to calculate your new Buffer at the time that the Expert Fee takes effect on 6th Jan 2025. If you have never incurred the charge, then lifetime data will be used to calculate the Buffer. So, if you last incurred Premium Charge in 2023, we will calculate your Buffer as: Gross P&L Since Last Charge = £100,000 Commission Generated Since Last Charge = £60,000 Current Expert Fee Rate = 20% New Buffer = £60,000 / 0.2 - £100,000 = £200,000 Note for a customer on the 40% rate, their Buffer would be £60,000 / 0.4 - £100,000 = £50,000 |