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Replies: 116
By:
marko69
When: 22 Mar 14 10:52
Just out of interest guys when does the premium charge come into play, how much do you have to win for this to bite you???
By:
racingstar
When: 22 Mar 14 10:54
Marko,
You will be contacted by BF to tell you that you have now qualified to pay the wretched charge and if you continue to so successful you will be paying it from the next week.
By:
HonkyJoe
When: 22 Mar 14 10:59
It's not about honour Racingstar. But BF will be glad there're so many supine bettors who think like you do.

There was actually no good reason for introducing the PC other than BF's pursuit of bigger money - although since the PC also drives away liquidity, it's highly debatable whether that helps them in the long term.

However, if you want to bet with them, you must pay up. Such is life in a sector where there are so few decent competitors.
By:
Deltâ
When: 22 Mar 14 11:00
marko69 - there is no £ limit -


once you have played in enough markets and showing a + then as long as your commission rate is less than 20% todate  - then they will PC you to get to 20%
By:
racingstar
When: 22 Mar 14 11:06
Honky,
BF know that they own the only "In Running" game in town (certainly for horse racing).
Being supine does not come into the equation as if you want bet horse racing In Running you pay up or are unable to do it.
By:
HonkyJoe
When: 22 Mar 14 11:10
That was exactly my point. If we want to keep going with exchange betting, we have to pay up. BF have us over a barrel because of the lack of sizeable competitors.

However, the issue has nothing to do with 'honour'. It's simply a money-grab on the part of BF - and, in the case of the £250K rule and the subsequent 40%+ charges, a very unfair money-grab.
By:
paulie wallnuts
When: 22 Mar 14 12:22
racingstar.......I would consider I have as much honour as most......I can say that I have never laid a hand on money not belong to me......and that is not the case with this mob.......and on top of that there was no warning.....they said they sent me an e mail on the previous week ......and it bounced back......that's a new one on me......bounced back my hole.....
By:
11kv
When: 22 Mar 14 12:24
Your a winner, pay up or jack up ........................
By:
racingstar
When: 22 Mar 14 12:25
Paulie,
The EMail has to be delivered to you otherwise they could do what they wanted to.
If they accept that you did not receive their EMail you do not owe.
End of subject.
By:
Oh no!! not another Villa fan
When: 22 Mar 14 12:26
Don't pay it, they can't do anything apart from close your account down, and they are dying on their arse anyway.
By:
TELL DEL
When: 22 Mar 14 12:47
" the issue has nothing to do with 'honour'. It's simply a very unfair money-grab on the part of BF"

a huge change in the ethos of betfair to the early years......
By:
paulie wallnuts
When: 22 Mar 14 13:34
racingstar......they said they sent it.....and it was my fault that I didn't receive it.....and they were in no way culpable.....they say it bounced back.....and that its tough Shiite......
By:
Big Boss
When: 22 Mar 14 14:11
if you moan like f*** to vip@betfair.com about it then they may give you some leniency, mention that you didn't get the email, they may give you a weeks reprieve from the charge.
By:
pa lapsy
When: 22 Mar 14 14:27
The first one is the important email,as it gives you the choice of whether you want to bother staying with the site.
Think your grand is going to go towards the cash out ad(the one where a group of reprobates throw crisps and stuff around the sitting room and yer man coolly presses the cash out button for a paltry £62 or something like that not realising he probably would have got more if he wasn,t too lazy to lift his finger and put the lay in himself). Wasn,t that BF,s initial explanation that the PC was brought in to attract new players to the site? Not sure does the test of time puts that in a good light.
If you had some proof that the site crashing frequently has cost you big time i,m sure they might have some sympathy,suppose it is too late now regarding the Voler la Vedette case if you got caught by her.
You are in a fierce moral quandary altogether Paulie and the question now remains "Do you or don,t you?" The email is a different matter entirely.
By:
paulie wallnuts
When: 22 Mar 14 14:29
big boss......I couldn't moan any more to be fair......it was falling on deaf ears....even though im odds on to lose whatever I won back.......they don't seem to want me playing with them......now I don't mind losing but I cant get rid of it by paying some sort of made up winners tax......just because it suits them.....
By:
paulie wallnuts
When: 22 Mar 14 14:33
pa lapsy.....they actually wanted to take 3k.....but there was only 2k in the account so they just gobbled that......if I had known they were coming there would have been zero in it......
I might send them the grand by post......and yed never know.....it may just bounce back to me.....like their e mail did to them....
By:
Big Boss
When: 22 Mar 14 14:33
don't speak to the monkeys on the standard customer service phone, speak to vip
By:
paulie wallnuts
When: 22 Mar 14 14:36
I think its a bit late for that big boss......lets just say things got a fraction heated when I rung them last.....I'd imagine leniency is the last thing on their mind......
By:
pa lapsy
When: 22 Mar 14 14:38
You should have been warned Paulie that,s without question,if the email "bounced back" surely they were aware and a phone call would be in order.
The first weeks PC is supposed to be "waived" in any case whether that is a concession to smaller amounts and mightn,t apply funnily enough to bigger amounts.
By:
bilbobaggins
When: 22 Mar 14 14:47
I think this is actually a case for the Monopolies Commission - |Betfair taking advantage of their position in the market to charge what they like. Would love to see it challenged.
By:
ZEALOT
When: 22 Mar 14 20:30
LaughLaughLaughLaughLaughLaugh

pay it
By:
halcyon days
When: 22 Mar 14 21:31
^ You're alright.... living on yacht !  Grin
By:
homefortea
When: 22 Mar 14 21:37
You mean one of those small boats that need wind to move...

No...
By:
halcyon days
When: 22 Mar 14 21:45
Ocean going Dear Boy... do try and keep up !    Laugh
By:
homefortea
When: 22 Mar 14 21:58
Ocean Going with the pond outside...I think not...
By:
racingstar
When: 22 Mar 14 22:13
".....they actually wanted to take 3k.....but there was only 2k in the account so they just gobbled that......if I had known they were coming there would have been zero in it......"

Clearly,in reality you would have knocked BF for the lot if you could.
No further comment is needed.
By:
halcyon days
When: 22 Mar 14 22:37
paulie's got form don't you know !
By:
rcing
When: 22 Mar 14 22:39
HD , you mean his form is - refused/refused/ranout ?
By:
halcyon days
When: 22 Mar 14 22:43
^ YOU GET THE gist Sir !   Wink
By:
halcyon days
When: 22 Mar 14 22:44
Very gGrinod btw !
By:
rcing
When: 22 Mar 14 22:54
Crazy

cheers
By:
no moves
When: 23 Mar 14 01:34
If you believe you have a system which works and will continue to work then pay up, fifty percent of something is better than 100% of nothing.

I can win at poker (not on here) I don't want to pay the site I'm on a fee every time I play but that's life, look at it as being a business expense.

If in reality your making a profit then its not really you whose paying anything to Betfair its the losers who are paying the fee to the exchange. All you'll be doing is  putting a figure  of money in every week and taking a larger amount out.

If in contrast your pretty certain you've just had a bunch of flukey results then doing a runner becomes a viable option.
By:
metro john
When: 23 Mar 14 07:55
Would Betfair,return the favour by giving me cash towards my virgin media costs,and my high electricity bill,and would they please stop running advertising on my computer screen because I do not like them.
By:
swift-tuttle
When: 23 Mar 14 08:15
it's been confirmed on this thread from regular PC payers that you have to have crossed the 250,000 profit line before you are considered for payment of PC

pw say's he's been a loser all his life and has recently hit a purple patch - does this mean that his recent winnings have cancelled out his lifetime BF loss and put him more than 250,000 into profit?
By:
BlazingWalker
When: 23 Mar 14 08:42
surely when you hit pc territory you open an account in someone elses name
By:
EVILROYSLADE
When: 23 Mar 14 08:55
Blazing!Wink
By:
paulie wallnuts
When: 23 Mar 14 09:31
swift tuttle......that 250k is propaganda spun by the company.....they have planted the idea that you had to win that amount of money before you qualified to pay this winners tax......aka the premium charge....it is in an effort to make sure that PC payers gain no sympathy from the average punter.....I know for absolute certain I won nowhere near that figure.....yet I now qualify.....
racingstar......I don't consider protecting what is mine as knocking......I do consider taking something that doesn't belong as unsavoury though......the thing is and i was in the same boat like yourself ......I never thought id have to pay it.....I could never envisage winning.....so I had no sympathy for anybody who did.....so I can see your viewpoint clearly.....another mug who just bets for the sake of it and who loses year after year.....I can clearly identify with that........
By:
swift-tuttle
When: 23 Mar 14 09:49
Calculating Potential Charges

Each week Betfair will calculate your ‘gross profits’* made, and your ‘total charges’** generated over the lifetime of your account. The details of these calculations are explained below.

You’ll only be considered for the Premium Charge if your account is in profit and only if the total charges generated since joining Betfair are less than 20%† of your gross profits.

The vast majority of customers, and even the majority of those whose betting on Betfair is profitable since they joined, do not meet both these conditions and will not incur the Premium Charge.

While those conditions accurately describe our most successful customers, they might also apply to new customers who have only bet in a few markets, or those whose accounts are in profit because of a significant big win. To ensure that those accounts are not inadvertently charged, we’ve added two further conditions: any single win that constitutes more than 50% of lifetime gross profits will be excluded from the calculation, and customers will only be considered for the Premium Charge after they have bet in more than 250 markets.
By:
wildmanfromborneo
When: 23 Mar 14 10:02
The 250,000 threshold is nonsense.

Its theft and a theft that should damage their business as its basically saying we will not allow you win here.

It also makes them favour the customers paying it.
The gentleman with the fastest robot who mops up all the money on fallers is allowed mop away as Betfair are effectively in partnership.

It should be challenged but as they are based in Gibraltar that's where you would have to take your case.

Blazing Walkers suggestion about opening a new account is not feasible as they know what computer the bets came from and will levy the charge if only one bet came from that original computer.
By:
BlazingWalker
When: 23 Mar 14 10:06
What about with a different ip address  .
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