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Flat 2%!
Flat 2%!
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Replies: 381
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Nothing is ever as it seems with BF, is it?!?
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Willie Shafter. 02 Oct 19 17:05
lad i work with has just told me hes been on 2% for mths but he dont get any buffer if he loses. going to contact my acc manager now. pablo-fanque 02 Oct 19 17:15 but he dont get any buffer if he loses you mean if he is down £500 one week, but up £500 the next , he still pays PC on the £500 profit ? yes pabs..im on fone now to vip helpdesk..bloke on phone hasnt got a clue..im on hold while he speaks to management  |
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f*ck that can't be right
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i can't see how they could possibly calc the pc under that basis?
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No me neither. On my account, at the very least, any loss always takes me back over 20% threshold anyway.
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wen i think about it..wat is the benefit to them to lose 1.5% every winning bet wen everything else stays the same?
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Good will?
Attract customers lost to exchanges with lower commission rates? |
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The amount of misinformation on this thread really is quite staggering.
NO - if you lose 500 one week and win one week you pay pc on all the 500. This fundamental error is leading to basic miscalculation, If you lose 500 one week, THIS TAKES YOU OVER THE 20% THRESHOLD. Only then when you dip under the 20% threshold do you start paying pc again READ - https://caanberry.com/betfair-premium-charge-how-its-calculated/ THATS WHY ONE WAY OF PAYING LESS PC WAS TO GENERATE MORE COMMISSION |
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NO - if you lose 500 one week and win one week you pay pc on all the 500.
This fundamental error is leading to basic miscalculation, If you lose 500 one week, THIS TAKES YOU OVER THE 20% THRESHOLD. so,how do you pay if the -500 takes you over the 20%? |
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sigh the moron is back
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im waiting for a call from management
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The Management all playing golf imo.
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My commission rate is 5%
Over a week i have £2000 of wins, and £2000 of losses.I have, however, paid 5% on the £2000 (100) 2nd week - I have £500 of wins, and NO losses. HOW MUCH PREMIUM CHARGE DO I PAY??? PS Only one moron here pal, its you, stick to those maths remedial classes sunshine. |
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dave1357 • October 1, 2019 8:51 PM BST
you pay £135 PC Willie Shafter. • October 1, 2019 11:02 PM BST Pc @ £1,000 x 20% = £200 - charges £65 = £135 PC. |
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And everyone else would give you the same answer you f--king idiot
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Has the penny dropped? Feeling a little foolish are we you lot?
On a side note, if i am having to explain this fundamental principle to you in such basic terms it highlights a few things. 1) You don't pay pc because you would know this anyway. 2) Because you don't pay pc, you're tackling a problem that doesn't, or will never affect you, or in fact is any of your business - spend your time somewhere else ffs and take the 2%. 2)You're willing to offer advice on something you know nothing about - which makes you an attention seeking fool. 3) You're an idiot. |
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I DONT PAY ANY YOU FK!N MORONS
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Dave you are seriously embarassing yourself mate, go away
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the only "penny that's dropped" is that you've changed your calculation.
Have you signed up for 8% yet you utter fool? Please sceenprint confirmation so that everyone can laugh at you |
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Pc @ £1,000 x 20% = £200 - charges £65 = £135 PC. I pay that on 500? after the previous week? Are you back on the smack Dave?  |
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2nd week - I have £500 of wins, and NO losses.
HOW MUCH PREMIUM CHARGE DO I PAY??? 87-50 |
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No, im giving you a diff example because you're an idiot and the penny defo isnt dropping
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It's funny that the only person that's been out all day working is correct and all the full time pros are wrong.
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Just screenprint confirmation that you've signed up for 8% so that everyone on this thread can laugh at you
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Is this a 9-5 exchange???
See nobody tackled my example? |
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Over a week i have £2000 of wins, and £2000 of losses.I have, however, paid 5% on the £2000 (100)
£100 commission paid + £60 implied commission = £160/2 = £80 commission generated 2nd week - I have £500 of wins, and NO losses. £500 win , £25 commission paid no implied commission as no losses = £25/2 = £12.50 betfair want £100 PC ( 20% ) from your £500 win , but you have generated the £80 from week 1 + £12.50 from week 2 so £80 + £12.50 = £92.50 so betfair will take £7.50 in PC |
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Willie, how do u get to 87.50???????????????
I DONT PAY ANY |
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IMPLIED COMMISSION????????????????????????????????????????????????????
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tinydicko , i've not had to do a write up like that for a few years but i'm pretty sure it's right. what do your figures say ?
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tinytuco • October 2, 2019 6:45 PM BST
IMPLIED COMMISSION???????????????????????????????????????????????????? ha ha ha ha ha ha |
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come on tuco sign up for 8% and screenprint, give us all a gut-bursting lol
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pabs answered
except you dont pay any cos it comes out of your allowance. Good grief, tiny are you honestly asking about Implied Commission like its something you've never witnessed? I have far bigger worries that tiny right now What willie said has started to make me feel queezy That cant be right, if they do that the exchange is over Technically I think it would be possible by just axing the lifetime of everyones account....but I think its still very very unlikely Waiting for willie to confirm |
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Ive gone, you're all idiots - i will leave you with this -
Premium Charge Summary You will only be considered for the Premium Charge if, over the lifetime of your account, you satisfy the following criteria: Your account is in profit; Your total charges generated are less than 20%† of gross profits; and You bet in more than 250 markets. Two further conditions reduce the likelihood that you will be required to pay the Premium Charge: Any single win that constitutes more than 50% of your gross profits over the lifetime of your account will be excluded from the calculation; and Each customer will have a lifetime allowance of £1,000 against the Premium Charge. Each week the customers who meet all the conditions set out above will be charged the lesser of: The difference between 20%† of the previous week’s gross profits and the total charges generated during the week; and The difference between 20%† of gross profits and the total charges generated during the lifetime of the account. Examples Example 1 You have won gross profits of £10,000 since joining Betfair having bet in 800 markets. You have paid total charges of £980; all of which has been paid through commission generated. You have not been charged any Premium Charges to date although you have fully used up your allowance of £1,000. During the previous week you won £500 and paid total charges of £80. You are therefore charged £20 in Premium Charges ((£500 x 20%) - £80 = £20). Example 2 - Charge Allowance You have won gross profits of £10,000 since joining Betfair having bet in 320 markets. You have generated £1,050 in commission and paid no Premium Charge to date. During the previous week you won £500 and paid total charges of £50. In the absence of a charge allowance you would have been charged Premium Charges of £50 ((£500 x 20%) - £50 = £50). However, the £50 is offset against the £1,000 charge allowance meaning that no additional Premium Charge is paid. You then carry over the balance of your charge allowance (£950) to offset against potential future Premium Charges. Example 3 – Excluding ‘big’ wins You have won gross profits of £8,000 since joining Betfair having bet in 500 markets. You have paid total charges of £1,025, all of which has been paid through commission generated. During the previous week you won £5,000 from a single market and paid total charges of £125. As the win constitutes more than 50% of your total gross profits since joining Betfair, it is excluded for the purposes of calculating the Premium Charge. However, the commission generated on the win does contribute towards total charges paid. After the win is removed you have gross profits of £3,000 and total charges of £1,025 and therefore incur no additional Premium Charge. https://www.betfair.com/aboutUs/Betfair.Charges/# |
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On a final note, Dave - put your aunties panties down pal
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tinytuco 02 Oct 19 18:24
My commission rate is 5% Over a week i have £2000 of wins, and £2000 of losses.I have, however, paid 5% on the £2000 (100) 2nd week - I have £500 of wins, and NO losses. HOW MUCH PREMIUM CHARGE DO I PAY??? no profit so charges from previous week c/o to portal are £100 and £60 = 160/2 so you have a £80 buffer next week +500 so charges £12.50 and pc £100..pc shud be 87.50 -80 = 7.50 |
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tiny the fact you havnt paid is masked by your one off allowance, thats perhaps why you think you's pay nowt
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If bf wangled it to get rid of what willie calls the 'buffer' nobody would risk anything, because a big loss would take months to get back.
Nah its a scare story, that aint right no chance |
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tinytuco • October 2, 2019 6:53 PM BST
Ive gone, you're all idiots at least you kept your dignity |
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dusty maybe willies mate was just confused because on a busy week of wins and losses he would be getting a much bigger buffer to carry forward at the higher rate?
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Willie Shafter. 02 Oct 19 17:55
wen i think about it..wat is the benefit to them to lose 1.5% every winning bet wen everything else stays the same? dusty? |