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Premium Charge is dead
Premium Charge is dead
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Replies: 363
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yes i will have.
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I cant believe it - xmas has came early. 20% less to pay and hopefully it might stop the downturn in liquidty. Well done BF, it shows it never too late to listen to your what customers you have left.
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Wicklow 18 Dec 24 13:01
I cant believe it - xmas has came early. 20% less to pay and hopefully it might stop the downturn in liquidty.  |
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https://support.betfair.com/app/answers/detail/expert-fee-faqs
. I have yet to pay Premium Charge - although probably would have been caught by it within a few years. I do think I will be paying this though starting in Jan, at least some weeks. One of the key differences as far as I can see is that Premium Charge was based on Net Profits whereas this is based on Gross Profits. It seems at first glance that this is good for traders who win often and have low % commission and bad for gamblers (like myself) who win a lot less efficiently. I'm not sure yet how this Buffer will affect things though. |
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what wood happen in this scenario...
youve won £200,000 last 10 years on the trot..ewe get a new acc and dont paly on old acc for 52 weeks..whatwood happen if ewe went back on old acc? |
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Depends if they can link them or not, I imagine.
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It's based on Last 52 Active Weeks
"An Active Week will be considered as any week where you have at least one settled bet in a market that fully settles in that week." |
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So u were a big winner but never paid PC. I was a small winner but have paid PC in the past but stopped being charged after I did quite a bit of arbing ( losing on here ) Seems like it will suit me in the short term anyway.
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PC was always paid on gross profits minus charges.
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Have a got this right?.....If you're not currently paying premium charge and you consistently make £1000 every week for a year, you would be paying betfair £10,400 in expert fees?
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"An Active Week will be considered as any week where you have at least one settled bet in a market that fully settles in that week." So Rico u can go on your hols to Ilfracombe for 12 months placing one bet a week and then come back and lump on.
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Email communications will not be sent at this stage, but all changes will be displayed within your dashboard located in 'My Account'.
--------------------------------------------------------------------------------------------------------------------------------------- how do you locate that please ? |
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Basically if you're winning over 100k for last 52 weeks and pay 40% this is no better
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doesnt ansa my q howey tho..
youve won £200,000 last 10 years on the trot..ewe get a new acc and dont paly on old acc for 52 weeks..whatwood happen if ewe went back on old acc? |
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youve won £200,000 last 10 years on the trot..ewe get a new acc and dont play on old acc for 52 weeks..what wood happen if ewe went back on old acc?
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yeah but revs if it's almost £500 a week it's nowt
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shaungoater 18 Dec 24 13:34
Basically if you're winning over 100k for last 52 weeks and pay 40% this is no better aye but on 1st feb last year ewe may have lost 50k..then on 7th 2025 feb your last 52 weeks would be +£50,000 |
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revs 18 Dec 24 13:32
Have a got this right?.....If you're not currently paying premium charge and you consistently make £1000 every week for a year, you would be paying betfair £10,400 in expert fees? soley depends on turnover and what your charges are. |
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Wow !
At last, betfair finally listened |
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Just keep old account 'active' with a bet a week for a year, then when you go again got a £25K cushion before any EF.
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ahh ty..cant be arsed to read the t&c's.
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just don't get caught with the 'new' account being linked or you will go to prison for 25 years.
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Alcatraz?
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Rico-Dangleflaps Joined: 07 Sep 18
Replies: 41248 18 Dec 24 13:35 youve won £200,000 last 10 years on the trot..ewe get a new acc and dont play on old acc for 52 weeks..what wood happen if ewe went back on old acc? As far as I can see, no difference. Old acc would be in exactly same state because no active weeks. OTOH if you stuck a £2 bet on the old acc every week that would reset it. Of course as with PC if they link new acc with old acc your paying regardless |
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top-level betfair meeting " Does our new charge still feck up that horrible Rico guy ? "Yes " "Right implement straight away".
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the Premium Charge Avoidance team has been disbanded
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Major disincentive to make more than 100k now
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PC avoidance team been replaced with the Expert Fee Fraud Office (or the EFF OFFice for short)
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Even Willie Shafter will consider getting out the grave
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There should be an exemption for a single big win over the 52 weeks as there currently is with the premium charge for a big win that is greater than 50% of your gross profits over the lifetime of your account.
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VG swifty
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shafter acc still operating
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If a new player wins 25k within a few weeks he then gets 20% knocked off all future winning weeks for months ? Before you could win any amount if you won slowly enough ?
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well previously u were on 20% when acc was +£5000 untill u hit £250,000
and charges were under 20% |
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"shafter acc still operating" Can't be from same address/name ?
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Betfair has dropped its premium charge for exchange users that had levied a commission of up to 60 per cent on winnings with a new system coming into force next month that the firm claims will significantly reduce the amount customers pay.
From January 6, the Betfair Exchange is introducing a new commission structure known as the Expert Fee which will focus on gross profit over a rolling 52-week period, rather than lifetime profitability, with a flexible rate of commission rather than a fixed level. Exchange users with a 52-week gross profit of less than £25,000 will not pay the new fee, with rates of 20 per cent for those winning between £25,000-£100,000 and a top rate of 40 per cent for players winning more than £100,000 in the measured timeframe. Users can go up and down the fee structure depending on their levels of success. According to Betfair, the new system will be “paid by a very small number of the most profitable customers on the Betfair Exchange” and result in “80 per cent of players seeing a reduction in fees, with 50 per cent no longer paying any additional fees at all”. The premium charge was introduced by Betfair in 2008, eight years after the revolutionary betting firm launched, to ensure the biggest and most successful users paid a level of commission in step with the amount they were winning rather than just the flat rate paid by all. A further higher charge was brought in three years later with a fee of up to 60 per cent for some customers who had historically high levels of profitability and were frequent users of the product. The incoming change in the fee structure on the Betfair Exchange comes at a time when liquidity levels – the amount of money being bet on events – have been falling. Data from the exchange shows the average traded in win markets on British horseracing has fallen every year since 2016, with a sharp fall between 2019-2022. Affordability checks have been put forward as one reason for the drop in liquidity with bigger layers on the exchange not prepared to disclose financial information to continue betting and leaving the site. Speaking in August about the exchange, professional gambler Neil Channing said: "If you're a professional layer on there you need a big balance as there will be volatility and swings. So if you're restricted in what you can deposit it makes it very hard to operate. It's a barrier to entry and it's hard for me to be a big layer on the exchange.” |
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shaft acc been going since i returned in 2011 from a forced hiatus.
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