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05 Feb 24
16:39
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Date Joined:
18 Jul 02
Can someone help me out here. This person has locked up £271,000 for maybe 9 months.
They could earn interest risk free at 5.00% of £10k during this time. Why are they doing this?
They could earn interest risk free at 5.00% of £10k during this time. Why are they doing this?
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Replies: 42
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Greta has invested some of her weekly pocket money.
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Hiding funds from somebody i'd imagine Celtic , maybe claiming something or could even be the wife
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Maybe big Labour layers picking up the free money from their green if someone matches them. Around £1,000,000 matched sub 1.2 Labour. So if you layed £200,000, you might as well use your green on the Greens and lay 1000.0 if someone willing to match
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I've got £3.5k green on the Labour most seats market but did nick 67 ticks so no need to consider interest with that margin and low sum.
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people had upwards of £300,000,000 tied up on the USA next president when biden got in..how do people deposit 300 mill?
answers on a postcard..believe nothing. |
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there I was thinking that was your money rico !
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most i ever had in was 250k..then metal detector reduced it
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from the graphs i'm only seeing £12.40 matched at 1000
so it's £12k tied up not £271k on a side note, Reform look a play at 100/1 they wont win ofcourse but they'll very likely go shorter considering how awful both lab & cons are. |
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appformat 06 Feb 24 08:22
from the graphs i'm only seeing £12.40 matched at 1000 so it's £12k tied up not £271k £6200 layer £6.20 backer. |
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One thing i always thought you needed to do was half the risk on a horse to hit the correct figure.
If you look into the Flyers at Devils game in the NHL on Feb 18th there's £139 matched on money line but the figure matched is £68.92 , so it's already halved. Have i always had it wrong by halving it for accuracy  |
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he,ll be paying tax on £9,000 of the interest if he,s a higher rate taxpayer thats at least £3,600
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tax isnt deducted by banks anyone..would need to declare..who will please?
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tax isnt deducted by banks anymore..would need to declare..who will please?
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well as of the new snooper rules of Jan 1st anyone that doesn't fancy strangeways
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how do yopu hide a legitimate savings acc paying 10 grand interest from the TAXMAN ?
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I take it that's a rhetorical question.
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allowed £12500 if dont work.
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people not working tend not to bet £270,000 to win a few sheckles
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1. the money was nothing like that sum as already stated in thread
2. the purpose is likely to hide money not win any money. |
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1st time poster 06 Feb 24 14:15
people not working tend not to bet £270,000 to win a few sheckles i did. |
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yeah "people working tend not to bet £270,000 to win a few sheckles" would likely be more common.
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can only earn 1k on interest before tax liable
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aye but then only liable if you make more than your 12500 allowance.
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£18570 if no other taxable income.
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You may also get up to £5,000 of interest and not have to pay tax on it. This is your starting rate for savings.
The more you earn from other income (for example your wages or pension), the less your starting rate for savings will be. If your other income is £17,570 or more You’re not eligible for the starting rate for savings if your other income is £17,570 or more. i didnt realise you get 5000 interest tax free. |
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Might have backed them all for a free bet.
Will be hoping no others get added, lol Layers want more added... |
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OP assumes 265 layer is one individual and that is a single position, as already mentioned its green being turned into potential profit from other plays, either trading or position taking.
Pretty sure initially the greens of Eng and Wales were not in this market when it was first put up, same as the reform UK (?). |
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Savings interest is reported by all the institutions to HMRC. If you actually work like most of us, you don't actually pay the tax directly (if liable), the tax code is adjusted for the following year.
Anyone earning over £10K interest on cash has to file a self assessment. There are, of course, multiple workarounds. |
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sunak dropped the tax free interest to £1000 which as rates have risen is now sub £30,000 in savings
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what are they cider..?
ive earned 12k last 12mths. |
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split with your spouse
if spouse doesnt earn,put it all in her name are the easy 2 |
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Breached the threshold for SA, if not doing them already.
Gilts, money market (s&s isa), cash isa, premium bonds the obvious ones. |
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For example, you can hold VG Sterling Short-Term Money Market Fund in a stocks and shares ISA. It effectively tracks sonia (base rate), yielding circa 5.2% less a small amount of fees. I like this one as the income is paid out monthly, but there are plenty of other MMFs to choose from.
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"if spouse doesnt earn,put it all in her name"
and pray she doesn't divorce you anytime soon? |
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prev post didnt format correctly for some reason.
the BF graph shows £12 traded at 1000/1 on Greens which is 12k as I said. dunno where you get this 271k from or this £6200 layer £6.20 backer. maybe you need to goto specsavers. |
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12.4 traded = 6.2 matched= 6,200
The figure 263k is what's available at max odds (999) And for some reason OP thinks it's one punter, when it's most likely green from either laying Labour/Conservative. Am more worried about who has the 273 at 2 in that market,(most seats greens of Eng and wales)... REFORM UK the steamer here  |
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Thanks all. Is this an example then of the betfair algorithm seeding the market for the greens based on corresponding equal but opposite lays for the other parties?
Apologies for my ignorance on this one. It started as a hypothetical question from me! |
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Someone has requested that selection was added, as soon it appeared everyone already matched in market would get green or red appearing on that selection.
So no need to seed imo, just ask what exactly it is you want to know? BTW I am no expert, they will be along shortly... |