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Flat 2%!

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Replies: 381
By:
tinytuco
When: 01 Oct 19 20:48
Willie, your maths aren't adding up say My commisson is 5%/20% premium

I place 3 bets at evens for 1000 in a week.

2 wins, 1 loses.

My winner 1 - 1000 - 5% = £950

My winner 2 - 1000 - 5% = £950

Net winnings £900 (minus the loss)- commission paid 100

How much premium do i pay?
By:
dave1357
When: 01 Oct 19 20:51
you pay £135 PC
By:
Latalomne
When: 01 Oct 19 20:51
I'm fascinated to see if there's going to be an epiphany moment, or he's just going to keep arguing black is white.
By:
Deltâ
When: 01 Oct 19 20:53
* 190
By:
dustybin
When: 01 Oct 19 20:54
Happy

Tiny needs to leave that ego at the door, more experienced players are trying to give him advice but like **** he’s holding back the tide like a real hero
By:
dustybin
When: 01 Oct 19 20:55
King c nut
By:
GoBallistic
When: 01 Oct 19 20:55
I've not had an email myself but reading what others have received and posted on here it seems like Points / Discount Rate are going to be gone for good regardless of what Rewards Plan you choose after 22nd Oct.  Anyone got a different take ?
By:
dave1357
When: 01 Oct 19 20:55
@delta hows it 190?

50 + 50 + 30/2 is 65

20% of 1000 is 200

so 200 - 65 is 135

?????
By:
tomhunt
When: 01 Oct 19 20:59
posy- they have trebled my fix rate in 6 months, now unworkable, i haven't negotiated with anyone

they've made it sound something exotic which it's not it's sh!t,  phone keeps going dead, no account manager, not Vip, now told i'm premium but still no account manager

e-mails just bounce back and forth to someone different each time who doesn't read what's being asked, i'm close to closing the account all in all i've had enough
By:
tinytuco
When: 01 Oct 19 20:59
No no No
By:
tinytuco
When: 01 Oct 19 21:00
try again
By:
Deltâ
When: 01 Oct 19 21:00
I is was adding the 0 to ya 19 dave

thought it was a typo
By:
Deltâ
When: 01 Oct 19 21:00
* I was
By:
tinytuco
When: 01 Oct 19 21:00
Ive paid 11.1% in charges......... SO.............
By:
tinytuco
When: 01 Oct 19 21:01
Feel that tide turning? that epiphany happening??????
By:
dave1357
When: 01 Oct 19 21:01

Oct 1, 2019 -- 9:00PM, Deltâ wrote:


I is was adding the 0 to ya 19 davethought it was a typo


ah yes the other calc tyvm

I see tuco is still struggling tho

By:
The Management
When: 01 Oct 19 21:02
Can somebody please put up a link to the Monty Hall Problem, Shirley imo. Devil
By:
dave1357
When: 01 Oct 19 21:03

Oct 1, 2019 -- 9:00PM, tinytuco wrote:


Ive paid 11.1% in charges......... SO.............


you havent paid 11.1% on bf calc method

By:
tinytuco
When: 01 Oct 19 21:04
£2,517.23

Commission
Other charges
Total charges (5.9%)
£148.62
+
    £0
   

=
   

£148.62

This week’s premium charge prior to allowance deduction
       

Available allowance
       

Premium charge this week
   

Your remaining allowance is

£354.82

-

£0
   
=

£354.82
By:
dave1357
When: 01 Oct 19 21:04
which has been explained to you multiple times

prob best to pretend you have been winding everyone up at this point
By:
tinytuco
When: 01 Oct 19 21:05
Is the penny dropping yet? ExcitedExcitedExcited
By:
tinytuco
When: 01 Oct 19 21:07
you havent paid 11.1% on bf calc method

YES I HAVE - THE EXAMPLE UNDERNEATH IS REAL DO THE MATHS
By:
dave1357
When: 01 Oct 19 21:08
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.

http://www.betfair.com/aboutUs/Betfair.Charges/#charges6

Do your 8.48 using that formula
By:
tinytuco
When: 01 Oct 19 21:08
Jesus Christ like remedial lessons this
By:
tinytuco
When: 01 Oct 19 21:09
So whats this?
£2,517.23

Commission
Other charges
Total charges (5.9%)
£148.62
By:
dave1357
When: 01 Oct 19 21:09
The figure on that statement isn't the commission you actually paid
By:
dave1357
When: 01 Oct 19 21:10
Which everyone has been trying to get you to grasp for hours
By:
tinytuco
When: 01 Oct 19 21:12
Commission
Other charges   

Total charges (5.9%)
£148.62
+
    £0
=
£148.62
By:
tinytuco
When: 01 Oct 19 21:13
So in my above example of 1000 and 3 bets, what do u think my total charges would read??????????????
By:
tinytuco
When: 01 Oct 19 21:14
You're the only one left here Dave, everybody else has run for the hills in the knowledge they have b4llsed it right up
By:
tinytuco
When: 01 Oct 19 21:15
TOTAL CHARGED = THE TOTAL COMMISSION I HAVE PAID,  THAT WEEK
By:
dave1357
When: 01 Oct 19 21:15
I've already worked that out for you

it would say £65
By:
Latalomne
When: 01 Oct 19 21:17

Oct 1, 2019 -- 9:14PM, tinytuco wrote:


You're the only one left here Dave, everybody else has run for the hills in the knowledge they have b4llsed it right up


Everyone else has merely given up trying to help those who cannot be helped!  LaughLaughLaughLaugh

By:
dave1357
When: 01 Oct 19 21:17
ok this is my last post

TOTAL CHARGED = THE TOTAL COMMISSION I HAVE PAID,  THAT WEEK

that is incorrect and the correct method of charges has been posting multiple times.

get stuck in to the 8% and hope you enjoy it.
By:
GLASGOWCALLING
When: 01 Oct 19 21:18
https://www.youtube.com/watch?v=k0IT05oYHpI
By:
tinytuco
When: 01 Oct 19 21:18
Morons
By:
tinytuco
When: 01 Oct 19 21:24
I've already worked that out for you

it would say £65


LaughLaughLaughLaughLaughLaugh

Muppet show
By:
dustybin
When: 01 Oct 19 21:24
Dave has the patience of a saint
Tiny has the brain of an idiot
And a bf account of a newly qualified PC payer
By:
Latalomne
When: 01 Oct 19 21:26
He has to be on the wind up.
By:
tinytuco
When: 01 Oct 19 21:33
It's my failing

Trying to educate the uneducateable

Bet on more than 250 markets.
Are in profit over the life of your account.
Have paid less than 20% of your lifetime profit in “total charges”

Use my example, try to apply some basic arithmetic.

Use the real life example, work it out for yourself, see how the figues add a
up.

Insert 2% instead of 5% etc etc

Going to rest my head from banging it

Ps commission generated is a different beast to Total charges = there's my final clue.

ttfn
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