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I hardly use the site anymore
4,915 Exchange points = 8% Commission Discount
Occasionally I dabble and sometimes get a decent win; and then Wednesday comes
2015-09-09 Premium Charge for week commencing 31 Aug 15 - PRI1 - - - (648.35)
Zero risk, 40% of the profit. No wonder people hate what this site has become
4,915 Exchange points = 8% Commission Discount
Occasionally I dabble and sometimes get a decent win; and then Wednesday comes
2015-09-09 Premium Charge for week commencing 31 Aug 15 - PRI1 - - - (648.35)
Zero risk, 40% of the profit. No wonder people hate what this site has become
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wat? you've won thousands from other people and you think you're a victim?
The losers are the victims; the site facilitates the stripping of money from them through courtsiding (horses, football, tennis) and rather than make a level playing field betfair simply take a bigger slice from winners (who can't find the same advantage elsewhere)
I don't bet live, but I have done moderately well over 14 years. But at 40% tax, it doesn't pay anymore for the time involved, so my turnover has dwindled. And tax beyond the 20% gross profit is an after thought at gaining revenue rather than redistributing money to the losers (do they get rebates on a bad month?)
I don't bet live, but I have done moderately well over 14 years. But at 40% tax, it doesn't pay anymore for the time involved, so my turnover has dwindled. And tax beyond the 20% gross profit is an after thought at gaining revenue rather than redistributing money to the losers (do they get rebates on a bad month?)
It's not about doing well (or badly for that matter). And it's not about me being a victim. Governments redistribute wealth through taxation. Betfair pretended that the premium tax was to introduced to finance marketing to bring new users, but in fact it has been used to finance dividends to shareholders. And at first it was 20% to mimic GPT, but then became PC2 and PC3 to milk the winners. It could have been used to improve live event management to prevent hoovering of dead money, it could have been used as kick-backs to losing bettors, it could have been used to lower the base rate for all. But it wasn't, it was given to investors
sugar,wouldnt it be worth getting a friend or member of the family with a different name to open an account
for you(name on card different)and start again paying your 5% commision.you could always use a vpn while using this account
so theres no comeback to you.
for you(name on card different)and start again paying your 5% commision.you could always use a vpn while using this account
so theres no comeback to you.
Presume PP will want to get rid of the big winners so probably increase pc to 60%+ for them.
Why will they want to lose big exchange winners??
stewarts rise • September 13, 2015 6:15 PM BST
Presume PP will want to get rid of the big winners so probably increase pc to 60%+ for them.
so PP will want to get rid of the folks they make the most profit from??
Have you thought this thro .Doersnt seem the best business strategy imo
Presume PP will want to get rid of the big winners so probably increase pc to 60%+ for them.
so PP will want to get rid of the folks they make the most profit from??
Have you thought this thro .Doersnt seem the best business strategy imo
same reason as they don't like taking bets from arbers, they want all the money for themselves.
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