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Can anyone answer me this. I've tried speaking to BF on phone and live chat and to say they are useless is giving them to much credit.
Last week i didn't work, just had 3 tiny bets. I paid £2.30 + £0.27 + £2.41 in commission totally £4.98.
The amount of money is irrelevant i'm just trying to figure out how Betfair are calculating on my Premium Charge page i only paid £2.49 last week? Is this correct???
Last week i didn't work, just had 3 tiny bets. I paid £2.30 + £0.27 + £2.41 in commission totally £4.98.
The amount of money is irrelevant i'm just trying to figure out how Betfair are calculating on my Premium Charge page i only paid £2.49 last week? Is this correct???
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As i understand it at 20%, i won £110.44 gross profit. i paid £4.98 commission. That means i should have to paid £17.11 (£110.44 x 0.2 = £22.08 - £4.98 = £17.11). Like i say, the amounts are tiny and irrelevant but the maths doesn't add up
thanks Dave. +3% of losses and devided by 2? Wheres that come from, ive not seen that anywhere
Commission generated = (Commission + Implied Commission) ÷ 2
where
Implied Commission = market losses x 3%
We divide by 2 because otherwise we’d be counting each pound of commission twice
Found it. What crap, if you never have market losses you basically getting screwed twice then
where
Implied Commission = market losses x 3%
We divide by 2 because otherwise we’d be counting each pound of commission twice
Found it. What crap, if you never have market losses you basically getting screwed twice then
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