General Betting
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22 May 15
21:14
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Date Joined:
10 Mar 03
Can anyone answer this for me?
If you pay PC, can you reduce your charges by losing on some markets while winning on others? For example, if you bet
0-0 correct score and lay under 0.5 goals at the same price, you'd end up slightly out-of-pocket due to ordinary commission,
but would you save on PC?
One other question: is commission discount any use at all to a PC payer? It seems to me that it's not - is that right?
If you pay PC, can you reduce your charges by losing on some markets while winning on others? For example, if you bet
0-0 correct score and lay under 0.5 goals at the same price, you'd end up slightly out-of-pocket due to ordinary commission,
but would you save on PC?
One other question: is commission discount any use at all to a PC payer? It seems to me that it's not - is that right?
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Replies: 13
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Commission discount is of use to a PC payer. I understand why you think it's not but someone did explain why it is, though I can't remember the explanation but did understand the logic.
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Well you'll forgive me if I withhold judgment till I see the proof :)
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Maybe it ties in with the implied commission calculation?
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The only problem is that customers need a Betfair Calculator to work out the Premium Charge
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If that was the only problem, there wouldn't really be a problem.
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Commission discount does help pc payers. As your commission rate decreases your generated commssion decreases at a lower rate. This is because its equal to implied plus generated commission divided by 2.
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Thanks bingo bongo. So that means that "cross-matching" on mutually exclusive outcomes in different markets is
also worthwhile (as in my original post), because it increases implied commission? |
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Yes as long as your commission rate is less than 3%. PM me if you want further details - enough said here!
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cross matching should be compulsary for anyone on 50% or 60%
if you can get enough turnover to jump to the next band. It needs to be done carefully because when an event is abandoned not all markets will be voided. |
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It needs to be done carefully because when an event is
abandoned not all markets will be voided. That's a very good point. Thanks. |
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Do betfair see this as premium charge avoidance?
Ive seen accounts deducted money for PC avoidance |
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Premium Charge Avoidance
 Betfair HMRC v Money Tree High Court House of Lords Court Of Appeal European Court of Human Rights Final verdict - Tree Guilty and must repay his 5p avoidance tax |
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