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Flat 2%!
Flat 2%!
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Replies: 381
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got the email an hour ago.
10 hours after Longbridge tipped us off. |
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i got the same email as onlooker tonight.....i have no idea what i'm supposed to do
 I used to average a loss of around £350 year on year (on a turnover of about £500 per week) so gambling was just a fun thing to do. However, I am now early retired and taking it more seriously. Have made £500 on 10K turnover in the last two months - regular bets, no sudden large win, all a steady rate of increase. This may well just be luck (hopefully not  ) but.....I bet to a percentage of bank so if wins do /were to get exponentially bigger then what option should i choose please? Cheers, Mad. |
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to go back to work ..
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Happy Days Comm Charged 2% On Net winnings of GBP8
I reached 2.1% at World Cup 2014 but this is the first ever 2%. |
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if youre not interested in cash race, sportsbook dont take bets anyway , so the 2% basic is a no brainer to most
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I got the email this afternoon
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Ship of fools......... Carry on your fantasy Island peeps
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Tiny, the way you are talking you think they simply take the amount of comm you’ve paid, divide it by your gross profit, multiply by 100 to work out the % and then minus it from (40) and then work out what that figure of gross is due
They don’t do that, go and read the terms, you clearly ain’t much of a PC payer as it is since you still have an allowance |
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Ive been paying pc for a few tears sunshine - i know how it works -
£197,979.57 Commission Other charges Premium Charges Total charges (19.82%) Maximum possible premium charge £14,085.11 + £0 + £25,155.99 = £39,241.09 £354.82 |
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just one thing if anyone thinking of the 8% offer with 10% back on losses, it doesnt say on the promo the max refund is £100
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On a Monday, when they tell you what pc your paying - The total charges will ALWAYS equal 20%
Do the math. Bye. |
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i'm just slightly sceptical as mentioned earlier in the thread, betfair never do anything that doesn't work in their interests, so i need to sit down and work it out but it's also a question re what comes next and where does each of these options leave you when that next arrives
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tuco is a mug
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Tiny go and read the rules ffs
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Total charges is not what you've actually paid to betfair
Total charges = Commission generated + pc paid Commission generated = Half of your commission winnings + implied commission So it's better to pay lower commission in the first place rather than be credited only half of it in "total charges" |
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Only mugs here are ppl advising pc payers to choose the 2%, not only are you lowering your implied commission, It won't make a blind bit of difference to th pc taken on a Wednesday.
Advice here given by "mugs" - non pc payers who haven't a clue. If you're a mug punter the 2% is the way to go. Otherwise if you're consistently profitable PC payer 8% is the only way... |
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Are you all thick? This is pretty straight forward - no wonder you're all losing money
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Pmsl
Tiny still got the stabilisers on the bike 20%er with an allowance handing out advice |
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Non of the full timers had an allowance since sept 2008
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Envioud eyes dusty?
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Your account does not qualify for My Betfair Rewards because of your bespoke pricing agreement with Betfair. Please contact your Account Manager for more information.
anyone else on fixed rate get this? account manager, well that's a fooking joke |
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There’s a village missing an idiot tinytiddles
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That's a yes, you're clueless mate, Absolutely clueless - dishing advice out as if you know the crack.
Not a scooby. Gl pal. |
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I don't know why we are arguing with him let him go for 8% and this happens next week
He wins £1500 and loses £1000 on 8% paying £120 commis on his win betfair calc his paid commish as 120 + 30 /2 or £75 so he has to pay another £25 prem charge that's total of £145 on 2% he pays £30 betfair calc his commish as 30 + 30 / 2 = 30 plus 70 prem charge = £100 |
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Tiny is a betting whale
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If your not sure what your doing, "You can change to a different package at any time."
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Dudes wake up.
This is my commission rate now - Comm Charged 3.68% Does this affect in any way shape or form the amount i pay on a Wednesday??? NO Don't know why i'm arguing with you, non of you ate in position for this to matter anyway. Take your 2% |
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I agree with those who disagree with Tiny.
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If your not sure what your doing, "You can change to a different package at any time."
This |
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Tiny stay behind after school
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currently on 40%PC/3.6% comm...
11 bets at evens and 6 win.. = Gross profit £1,000..net £784 charges = £216 winning comm £150 losing = 366/2 = £183 PC @ £1000 x 40% = £400 -charges £183 = £217 PC. wins £567 now,anywun currently on 40%PC/2% comm... 11 bets at evens and 6 win.. = Gross profit £1,000..net £880 charges = £216 winning comm £150 losing = 366/2 = £183 PC @ £1000 x 40% = £400 -charges £183 = £217 PC. wins £663 |
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Dusty, you're a fool pal.
You've never paid pc in your life, and you're strutting around as if you know it all. You haven't a clue what you're on about. Pc payers will know the better deal. As for Tiny stay behind after school Come on mate, you can do better than that, don't consistently let yourself down. |
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typo..
currently on 40%PC/3.6% comm... 11 bets at evens and 6 win.. = Gross profit £1,000..net £784 charges = £216 winning comm £150 losing = 366/2 = £183 PC @ £1000 x 40% = £400 -charges £183 = £217 PC. wins £567 now,anywun currently on 40%PC/2% comm... 11 bets at evens and 6 win.. = Gross profit £1,000..net £880 charges = £120 winning comm £150 losing = 270/2 = £135 PC @ £1000 x 40% = £400 -charges £135 = £265 PC. wins £615 |
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tomhunt how the heck did you manage to negotiate a 'bespoke' agreement ? Am just being nosy as didn't know such arrangements existed
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tinytuco 01 Oct 19 20:38
Dusty, you're a fool pal. You've never paid pc in your life, and you're strutting around as if you know it all. |
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 Think he’s drunk on his fortune |
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@The Management, my concern would be that the relevant period for calculating whether one is eligible for PC becomes e.g. a month rather than a lifetime.
I've built up a considerable buffer of losses on here with multiple wins with sportsbook. Still, my win/loss ratio wouldn't qualify me for pc anyway. It looks like 2% is good for me. |
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in the.. Terms and Conditions
You will receive the same package, each month, until further notice. Close your Betfair account if it considers there is sufficient evidence of abuse of this promotion, Sounds like this is just some sort of temporary promotion which could only last a few months. |
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tiny doesn't know that the commission that betfair use to calc the premium charge is not the same as the commission actually paid.
If tiny on 8% just wins £1000 he will end up paying £240 commission 80 plus 160 prem charge tiny on 2% pays £210 in total 20 plus 19 prem charge |