New Posts For Thread: Beating the Premium charge. Help pleasehttps://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-pleaseI see a lot of talk regarding Betfairs premium charge. Does this only apply if you are a trader? If you were to successfully find horses to win or lose races without any form of trading, would the Premium charge still apply if you were successful witBetDaqhttps://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530823#555530823BetDaqWed, 12 Sep 2018 11:10:21 -0500Smarkets2%****2%Matchbook0%https://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530817#555530817Smarkets2%****2%Matchbook0%Wed, 12 Sep 2018 11:10:00 -0500Cardiffhttps://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530725#555530725CardiffWed, 12 Sep 2018 10:54:44 -0500wonder if its worth a legal team taking up a no win no fee challenging it in courts......could make someone a fortunehttps://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530721#555530721wonder if its worth a legal team taking up a no win no fee challenging it in courts......could make someone a fortuneWed, 12 Sep 2018 10:54:04 -0500Legal is not the same as lawful. Betfair are unlawfully acting the same as HMRC. If the Government cannot tax you on your winnings, how can Betfair legally or lawfully.https://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530697#555530697Legal is not the same as lawful. Betfair are unlawfully acting the same as HMRC. If the Government cannot tax you on your winnings, how can Betfair legally or lawfully.Wed, 12 Sep 2018 10:49:36 -0500Yes and no. Take these God-awful new handicap markets (not racing). BF/PP (I am fairly certain) are quite happy to price them at 110%, but that just isn't going to cut it on the Exchange. They're not going to seed markets to operate at 102%, thoughttps://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530679#555530679Yes and no. Take these God-awful new handicap markets (not racing). BF/PP (I am fairly certain) are quite happy to price them at 110%, but that just isn't going to cut it on the Exchange. They're not going to seed markets to operate at 102%, thougWed, 12 Sep 2018 10:46:59 -0500no it would be "found in favour" because it is by and large legal. The only possibility being that the "commission charges" used in the calculation are inaccurate.https://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530581#555530581no it would be "found in favour" because it is by and large legal. The only possibility being that the "commission charges" used in the calculation are inaccurate.Wed, 12 Sep 2018 10:32:55 -0500The more Betfair takes in profit, the more it pays in taxes. Taking the issue before a court would most likely be found in favour of Betfair due to that fact. Too much money at stake for the political grabbershttps://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530425#555530425The more Betfair takes in profit, the more it pays in taxes. Taking the issue before a court would most likely be found in favour of Betfair due to that fact. Too much money at stake for the political grabbersWed, 12 Sep 2018 10:08:25 -0500Bettors are viewed as degenerate by nature, the change of tax rules in 2000 was all the vidence you need to see that the govnt are happy to help corporations as they collect al the profits, employ people etc...while they wont even acknowledge that 'phttps://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530407#555530407Bettors are viewed as degenerate by nature, the change of tax rules in 2000 was all the vidence you need to see that the govnt are happy to help corporations as they collect al the profits, employ people etc...while they wont even acknowledge that 'pWed, 12 Sep 2018 10:06:25 -0500Thank youhttps://community.betfair.com/horse_racing/go/thread/view/94102/31448907/beating-the-premium-charge-help-please?post_id=555530405#555530405Thank youWed, 12 Sep 2018 10:06:19 -0500