New Posts For Thread: Premium Charge Increased to 40% - confirmed by Betfairhttps://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfairWASOFC'sI remember when they brought in the 20% it really depressed me I am not a winning punter, but part of the fun of gambling is the dream of eventually making a living from it and paying no tax on it. When they introduced the 'premium charge' it was ahttps://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501086957#501086957I remember when they brought in the 20% it really depressed me I am not a winning punter, but part of the fun of gambling is the dream of eventually making a living from it and paying no tax on it. When they introduced the 'premium charge' it was aWed, 29 Jun 2011 06:51:24 -0500When the say 'play in over 1000 markets' that's per year I assume??https://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501086889#501086889When the say 'play in over 1000 markets' that's per year I assume??Wed, 29 Jun 2011 06:50:37 -0500Why doesnt racing start its own exchange ? They cant be making much from on-course bookies at most meetings. Could have big screens at courses showing live prices. Phone/ i-pad your bets. They could even get away with commission at more than 5%. Peophttps://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501085889#501085889Why doesnt racing start its own exchange ? They cant be making much from on-course bookies at most meetings. Could have big screens at courses showing live prices. Phone/ i-pad your bets. They could even get away with commission at more than 5%. PeopWed, 29 Jun 2011 06:35:55 -0500the more people that use purple the better the sit e will be (obviously). they would soon be on a par with this place.https://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501085693#501085693the more people that use purple the better the sit e will be (obviously). they would soon be on a par with this place.Wed, 29 Jun 2011 06:32:19 -0500It will be tricky to replicate IR though !https://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501085577#501085577It will be tricky to replicate IR though !Wed, 29 Jun 2011 06:30:44 -0500purple fellas, lets do it but we ALL have to go!https://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501085557#501085557purple fellas, lets do it but we ALL have to go!Wed, 29 Jun 2011 06:30:13 -0500Stewardsenquiry if you read todays financial statement you will see that Betfair plan on moving into the void to provide the liquidity lost by the removal of the PC payers. My guess is they will have taken the most successful ones copied thier modelhttps://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501085401#501085401Stewardsenquiry if you read todays financial statement you will see that Betfair plan on moving into the void to provide the liquidity lost by the removal of the PC payers. My guess is they will have taken the most successful ones copied thier modelWed, 29 Jun 2011 06:27:41 -0500Sugarfoot you are right but i would say manc is an extreme case. He appears to back very few losers yet he has i believe been paying premium charge without making any attempt to avoid it. I have paid it in the past but in the second half of last yearhttps://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501085145#501085145Sugarfoot you are right but i would say manc is an extreme case. He appears to back very few losers yet he has i believe been paying premium charge without making any attempt to avoid it. I have paid it in the past but in the second half of last yearWed, 29 Jun 2011 06:24:37 -0500In the early days B/f were bending over backwards to accommodate the big players so as to provide the liquidity they needed. As is the case with large corporations they have now become arrogant and are determined to extend profits by whatever meanshttps://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501084933#501084933In the early days B/f were bending over backwards to accommodate the big players so as to provide the liquidity they needed. As is the case with large corporations they have now become arrogant and are determined to extend profits by whatever meansWed, 29 Jun 2011 06:20:22 -0500What will stop people from using a new or losing account from a relative or friend ? ------------it won't. it will encourage it. if you stand to lose £50,000 in extra pc, I guess you would happily slip someone you know £10k for use of their id.thhttps://community.betfair.com/horse_racing/go/thread/view/94102/27937649/premium-charge-increased-to-40---confirmed-by-betfair?post_id=501083557#501083557What will stop people from using a new or losing account from a relative or friend ? ------------it won't. it will encourage it. if you stand to lose £50,000 in extra pc, I guess you would happily slip someone you know £10k for use of their id.thWed, 29 Jun 2011 05:58:51 -0500