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Premium Charge Increased to 40% - confirmed by Betfair
Premium Charge Increased to 40% - confirmed by Betfair
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Replies: 276
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use b ettor only 1.5 commission
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surely a small price to pay to those who benefit from betfair allowing them to play when they know the result?
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still seems fair to me if you read it, wont lose anyone as still get the best deal here
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better off cutting stakes and going round the shops. betfair no longer the best deal at all.
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I asked in a forum chat last september the following question and the answer they gave is below.
Hello Can you confirm or deny the rumours that you are to change the premium charge requirement to 25% instead of the current 20% You will understand that failure to address the question will of course only ignite further speculation. Yours Biscar Two from a mile back At present we have no plans to change it. |
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Biscar they said they have no plans to change it and that was in September, this is June pal
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ive never paid premium tax just been emailed to say i fit their criteria they got to be jocking playing from home
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not stopped laughing for a good hour here
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ive just dug the bally n sawn off out...
thats me back to p[roper graft in july. |
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Dan do you pay pc?
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Ribero1 , you are correct with that . The faller layers and the like , wont really care about the hike . After all they cant lose and are not really gambling .
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WH |
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i've never paid it but i am on the edge now.
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Indeed. Ellison ruined imo.
Seriously anybody who has made £250k should retire and stop taking money off their fellow customers  |
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we might go the barney curley route now. He seems popular on here LOL
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Thieving b******s
Wish I would have shorted the crap out of your shares now. |
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I seem to remember them doing a calculation of the PC v a flat rate commission. I think it worked out about 4%. That would benefit small punters but by the moaning on here would also suit PC payers. I suppose people on less than 4% but not paying PC would be hit.
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I think it's called 'goosing the golden goose'.
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handtorofe.Because you meet the criteria does not mean you will definitely pay anything.
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Without doubt a disgrace even though I am not paying PC.
Out of curiousity, what happens in the case of multiple wins which are supposed to be 'tax free' which tax are they free of? All tax the 5% but should you win big you get shafted for 40%? Never ending comedy this gambling 'malarkey' everything in bookies, casinos favour and that isn't enough! |
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what decides wether its 40% or 60% ?
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Lifetime commission generated
to gross profits ratio Applicable Premium Charge rate < 5%: 60% 5% - 10%: 50% > 10%: 40% |
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THE AMOUNT OF TIMES YOUVE BET PLACE ONLY AT 1.09 OR LESS
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thats me then..
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LOL
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IT JUST MEANS YA TAKING 1.07 A 1.09 CHANCE NOW THATS ALL.. NO PANIC
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Everybody keeps quoting 5% commission,but even I pay less than that and I am nowhere near paying the PC ( and I am in profit ). Surely people paying PC are nearer 2% than 5%. Betfair are going to take what they can get. As they are a public company they have a legal duty to run the enterprise for the benefit of their shareholders.
Possibly their calculations suggest they would be better off without the high-rollers who take money off the small players and possibly discourage them from staying involved. |
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PLENTY OF VACACNCIES ON -COURSE IN THE BOXES 160 A DAY 40 PETROL 50 FOR THE BRASS ON THE WAY HOME NICKER FOR A BAG OF CHIPS .NOW THEY WANT ANOTHER 200K A YEAR OUT OF EM
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SALMON I DONT KNOW WHO YOU ARE,BUT YA THE FIRST TODAY THAT MAY HAVE SPOKEN WITH A DEGREE OF SENSE
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salmon spray Joined: 10 Jan 07
Replies: 10320 28 Jun 11 15:01 Everybody keeps quoting 5% commission,but even I pay less than that and I am nowhere near paying the PC ( and I am in profit ). Surely people paying PC are nearer 2% than 5%. You're wrong, I pay pc sometimes and am only on 4.2% |
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Everybody keeps quoting 5% commission,but even I pay less than that and I am nowhere near paying the PC ( and I am in profit ). Surely people paying PC are nearer 2% than 5%. Betfair are going to take what they can get. As they are a public company they have a legal duty to run the enterprise for the benefit of their shareholders.
Possibly their calculations suggest they would be better off without the high-rollers who take money off the small players and possibly discourage them from staying involved. Who will market make? Betfair themselves perhaps! The lost liquidity will be devastating in certain markets and if betfair are going to start taking even more money directly out of the markets themselves they will be writing a suicide note. |
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If I ever got notified that I was going to have to pay PC I'd shut my account down and open one up in my wifes name and start again.
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Its not high roller gamblers that will suffer. Just people that win too often with their bets.
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ITLL ALL COME OUT IN THE WASH ..........BARRING DROPPING DEAD ILL STILL BE THERE IN 5 YEARS TIME
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probably unlikely to affect the majority of the forum.
those that are affected have already been informed, yet most folk on here are complaining as if they have just found out from the forum posting, so unlikely that many of them are really affected. some of those poor PC souls are now only going to make 200k or 300k per week tax free, so if I was them I'd rather stop betting here and go and try and make 10k per week somewhere else. or they could just stay here and make a very good living with very little risk. |
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And all this begins from the 18th July, in just 20 days time. It appears they are in an almighty rush. I thought at worst they would have given you a months notice.
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on the IPL this year the processing delay was insufficient, so hoovering was enivitable, this sort of pc structure encourages malpractice from bf, imo, and just saying you bet at your own risk is the thin edge of the wedge
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flyingkipper
If I ever got notified that I was going to have to pay PC I'd shut my account down and open one up in my wifes name and start again. Blinding. I can't imagine anyone has ever thought of doing this before. |
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outpost,i dont think u realise who pays the pc,its not all big hitters,but clued up traders with no bots.
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Never paid, currently at 30% and find mysen slap back in the middle from 3 weeks onwards!!! absolute disgrace they are, im sure they cant get away wi it
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