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How much longer can in-running Horse racing continue ?
How much longer can in-running Horse racing continue ?
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Replies: 274
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To avoid any confusion those statements quoted above were from poster Thurnscoe Thunder.
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apologies sparrow for not making that clear
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No worries, JML.
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Chelm LV -1.4
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JML
JML04 Sep 21 14:12Joined: 10 May 05 | Topic/replies: 2,236 | Blogger: JML's blog Not always true Sparrow, i would prefer to bet on here but Premium Charge makes it impossible to use anymore. My non inrunning betting has to move to **** or bookmakers Why do bookmakers take your buisness? It's no secret that they normally limit winners to pennies. The comments were regarding having to take my general betting away from the site to elsewhere because Betfairs Premium Charge from my inrunning activity is at 40% thus it makes it impossible for me to use the site for activity in other markets. If other markets apart from the in running (which i accept is what they are aiming PC at) were at the normal rate of commission I would gladly use this site and obviously my liquidity would come with it. I mentioned the other main exchange which has been blanked out, obviously they have no reason to stop my bets Regarding bookies I dont have any issues with 1 bookmaker who ive used for years and who dont mind me winning when I have a good run (i know they get a mullering from some on here but theyve been nothing but accommodating with me) maybe its the way I use them, I dont arb so wouldnt just be visiting the site when theyre standout price on an arb opportunity or some tipster has highlighted something, I know I struggle with the rest, whether theyre winning or losing accounts. I dont profess to be a winning account at the bookmakers, its pure gambling on fancies, some win some lose, Im under no illusion over time I may be slightly up as I am currently with them or slightly down as I will no doubt be in the future. |
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JML04 Sep 21 14:20Joined: 10 May 05 | Topic/replies: 2,236 | Blogger: JML's blog
Im pretty sure im not alone, virtually every winning account paying charges is forced off the exchange unless playing inrunning where alternatives practically dont exist Did you ever stop to think before you wrote this rubbish? If there were no other PC payers on here I'd win over £1 million a year. Not sure why this is rubbish unless youre miss interpreting what Ive put or taking it out of context. I play in running racing on here as I say an healthy alternative doesnt exist, however whats rubbish about saying winning accounts who pay PC bet elsewhere ? Would you not use BD exchange at 2% for a bet on a sporting event or a bookmakers, rather that have £100 on a 1/1 shot and walk away with £60 profit if it wins ??? |
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While the sentiment is correct; that PC was aimed at IR betting, it doesnt mean all IR betting or by definition any succesfull gambler is fair game to be taxed at 40%
Bf werent so tardy in buying up ownership of media rights in America, so why do they allow such disparity while providing the vehicle to gamble IR here in the UK? Is it because they take 40%? |
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Remember bf sold themselves as bringing integritty to gambling.
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ItsMeSwaddle
Chelm LV -1.4 are you being serious? |
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1.4 yds
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The regulator has completely failed
They can only be utterly incompetent, or totally wilfully negligent. Nobody who knows what happens in IR betting can come to any other conclusion. |
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It simply has no logical bearing
To suggest a bet is suspicious based on the connection to a horse and its implied intention of winning or not Yet actually seeing a horse win or about to win is totally free from scrutiny when its paid for by all those who havnt seen it. And people wonder why IR betting is doomed. |
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without the bot there wouldnt be ir..all automated % controlled..
the sharks have ate all the salmon. |
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i am amazed that people who are posting on this thread seem to forget that PADDY POWER owns 52% of this company called paddy/betfair.
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Not sure why this is rubbish unless youre miss interpreting what Ive put or taking it out of context.
I play in running racing on here as I say an healthy alternative doesnt exist, however whats rubbish about saying winning accounts who pay PC bet elsewhere ? Would you not use BD exchange at 2% for a bet on a sporting event or a bookmakers, rather that have £100 on a 1/1 shot and walk away with £60 profit if it wins ??? If the £100 loses you will pay £40 less on any future PC than if you hadn't lost £100 on that bet. Therefore it's an even £60 bet. In fact it's fractionally better because commission is 2% and implied commission is 3%. If you want a even £100 you place a bet of £167. |
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*better than Evens
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If the £100 loses you will pay £40 less on any future PC than if you hadn't lost £100 on that bet.
so you place the bet knowing it will all work out if it loses?  |
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If you want a even £100 you place a bet of £167
who is winding who up on this thread please  |
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I get the thinking. Before i went on fixed rate I used to calculate PC on a Sunday night and you could be betting X stake on an evens shot for example, knowing you'd be getting 1/2X back from a PC reduction. A value bet. Of course not if it loses but long term etc worth doing. You should try it.
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swifty, dont suppose you have a simple equation for how you work out your own PC? (i'm not the sharpest and havent got round to doing it myself as i know it would make my head hurt!)
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duncan, do you use gruss?
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dunc..the simple equation is..
if you start the week on say 40%..on sunday night you simply calculate how much commission you've paid (ie all winning bets) so lets say you end up approx +£1000 net..consisting of £2000 of losing bets and £3000 winning bets your commission is £3000 x 2% = £60 so gross profit is £1060 x 40% = £424 implied commission (losing bets is £2000 x 3% = £60 so your charges are £60 + £60/2 = £60 PC is £424 = £60 =£364. |
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yes i do swifty? something on there?
thanks Rico...you've lost me with the last 2 lines tho! so your charges are £60 + £60/2 = £60 (??) PC is £424 = £60 =£364 (?) |
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charges are commission paid and implied losses on losing bets added and divided by 2.
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the charges are then deducted from the PC.
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(60+60)/2= 60...gotcha
cheers |
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duncan, use gruss, account, type in dates monday to sunday it will give you commission paid for the week. Then use calc, as above posted above by rico.
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if you are paying 2% then X by 50 to get your gross win.
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lovely, swifty. thanks
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JML12 Sep 21 22:48Joined: 10 May 05 | Topic/replies: 2,240 | Blogger: JML's blog
Not sure why this is rubbish unless youre miss interpreting what Ive put or taking it out of context. I play in running racing on here as I say an healthy alternative doesnt exist, however whats rubbish about saying winning accounts who pay PC bet elsewhere ? Would you not use BD exchange at 2% for a bet on a sporting event or a bookmakers, rather that have £100 on a 1/1 shot and walk away with £60 profit if it wins ??? If the £100 loses you will pay £40 less on any future PC than if you hadn't lost £100 on that bet. Therefore it's an even £60 bet. In fact it's fractionally better because commission is 2% and implied commission is 3%. If you want a even £100 you place a bet of £167. Provided that you are a consistent PC payer then this is true |
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Although, I make it that you would have to bet slightly more than £167 to have the £100 (£169.49).
As mentioned you will be getting slightly better odds than 1/1 because of the implied commission situation. It is more like a 1.0086/1 shot. |
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If you want a even £100 you place a bet of £167.
why wen you can have 100/98 with another exchange or 100/100 with a bookmaker.. |
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I would also hazard a guess that consistent PC payers at 40% plus are on or have tried the personalised commission structure where you pay a set percentage of commission on each bet and you dont get the option of being able to get back the money youve lost before you start paying commission again rendering this £100 to £60 or £167 to £100 argument null and void.
Therefore it still forces 40% payers who turn profits on inrunning off the exchange instead of getting the money in other markets if they wish to bet |
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Therefore it still forces 40% payers who turn profits on inrunning off the exchange instead of getting the money in other markets if they wish to bet
pre race just beggars utter belief. |
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It can only be because it is deemed too difficult to distinguish pre-race and in-play bets by off-time plus in-play offsets etc etc. But a straight pre-race bet left untraded should surely be possible.
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