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Premium Charge is dead

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Replies: 363
By:
dustybin
When: 19 Dec 24 12:37
Perhaps there’s more to it than meets the eye
It seems to add more fuel on anti gambling by encouraging more trading.

Maybe it’s changing tact following affordability, discouraging those who have huge swings in P/L as the deep loses don’t look good to handwringers.
By:
dustybin
When: 19 Dec 24 12:37
Fuel on anti gambling fire
By:
shaungoater
When: 19 Dec 24 12:38
Would have hoped for a better vibe from a Fred titled 'Premium Charge is dead' tbh
By:
Rico-Dangleflaps
When: 19 Dec 24 12:39
shaungoater 19 Dec 24 11:46
As previously cited, there are clear examples where liquidity could decline as a result of these changes.

Can anyone make a case for where liquidity increases through the Expert Fee because I can't?


IR is house controlled money..last 3f theres only quids in ev box.Absolutely nothing will change this now.
By:
howard
When: 19 Dec 24 12:43
I think you can safely say main aim is more business. But yeah won't some big backers and especially layers soon fall foul of these lose more than 2k a month checks ?
By:
howard
When: 19 Dec 24 12:46
If you ask for £100 at 6/1+ for a fav that's being ridden won't u get matched to more than buttons ?
By:
Rico-Dangleflaps
When: 19 Dec 24 13:15
ewe will get the full £100 matched wonce its perceived as a 12/1 chance.
By:
howard
When: 19 Dec 24 13:22
that's exactly what I'm saying.  Not all IR players know the pedigrees /stamina requirements / ability/temperament of horses.
By:
howard
When: 19 Dec 24 13:28
Almost  exactly the same visuals can play out  very differently  if u know your horses.
By:
Ghetto Joe
When: 19 Dec 24 13:56


blunder
19 Dec 24 11:48
Joined: 25 Jan 01
| Topic/replies: 740 | Blogger: blunder's blog
............................. Quite simply  if I reach the 25k limit I will take my business elsewhere , until the year is out .



You can't simply take a year off and think you start on zero , Blunder. They're basing all calculations on the last 52 ACTIVE weeks. Guess they've done that so any winners who left cos of PC will come back based on their old history and not a clean sheet.
By:
shaungoater
When: 19 Dec 24 14:20
You only need to bet on 1 market though Joe - for a week to be deemed active.

So to all intents and purposes you can go off grid and get a clean slate
By:
GoBallistic
When: 19 Dec 24 14:22
It's not easy to figure out your Commission Generated or Commission Generated % of Gross P&L, either for last 12 months or for the last few years. But I reckon a lot of folks who have been on here for a decade or more (and especially those of us who are getting on for 25 years) are going to be surprised how low their numbers are now.

The Premium Charge page (before they took it down) would show your Commission Generated and as % of Gross P&L for the previous week and also lifetime. The lifetime figure was a pretty good guide of your average Commission Generated - that is until they changed the commission structure from variable with most people on 4-5% to 2% (was this around 2018?). It will also still be a pretty good guide if you've only been on BF for 6 years or less.

Now that the lifetime element has gone and everything is assessed on 2% flat rate commission (plus throw in the reduction in implied commission) the effective % of Gross P&L thresholds of 20% and 40% look really high (and maybe virtually irrelevant?).
By:
Rico-Dangleflaps
When: 19 Dec 24 15:18
no buffer is a downer ..if a 40% payer does £10,000 he's just done another £4,000 to top it off.
By:
.Marksman.
When: 19 Dec 24 15:46
So the pariahs of the exchange, who were sucking money out of it and were considered to be no better than tax evaders so had to pay Premium Charge, are now suddenly "experts".
By:
Rico-Dangleflaps
When: 19 Dec 24 15:58
yes..Ty.
By:
mitolo
When: 19 Dec 24 16:15
its not that simple mark

there were some, and im not talking ricardo, who were vacuuming money out because they had barmy advantages but the volume was such and their number comparatively small that it was partially masked and ignored because people were piling on to the platform thinking they would be i/r experts. almost everyone i met reckoned they were but they soon realised they were not

this was accelerated by the ones with the massive advantage who couldnt believe they were getting away with it but the numbers started to dwindle, understandably

notfair were too slow to act and they should have addressed the problem while there was still enough liquidity and players but they didnt. id have put a big delay on until a solution could be found, whatever that may be. maybe buying the pics. i dunno

the pc was always going to be a calamity, and most of those due to pay it didnt anyway. such was the earning power theyd pay 10% for another account
By:
Rico-Dangleflaps
When: 19 Dec 24 16:38
a big delay would only stop those with the quickest pics playing late on.
By:
mitolo
When: 19 Dec 24 16:45
yes. it was suggested as a stop gap until a viable solution could be engineered. and those sharp minds were still at the helm in them days. too many were killing time until the got their share options

i suspect it could have been done and money wasnt a problem. i wish theyd acted. i dont want an advantage. if everyone was the same a significant number would still be here
By:
CagliariG
When: 19 Dec 24 17:31
Shame shafter cannot work it out Mitolo, been playing against those with a huge advantage for years he claims but still makes a profit?
By:
mitolo
When: 19 Dec 24 17:59
youd have ironed it out with tomorrows paper
By:
BigMig
When: 19 Dec 24 18:08
The drop-down Premium Charge link didn't "seem to exist" yesterday.
But it's back today.
By:
brentford
When: 19 Dec 24 19:24
They were a bit premature removing the link as it's still relevant until the 6th January according to their email.
By:
acc
When: 19 Dec 24 19:58
This is probably Flutter responses to the use and publicity for Polymarket during the US election.

A wake up call to Flutter in the US market. Time to take the cobwebs off the exchange.
By:
swiftynifty
When: 19 Dec 24 22:00
this is now based on gross profits, PC 40% band was based on net profits
By:
Rico-Dangleflaps
When: 19 Dec 24 22:11
PC was always on gross profit.. minus 50% of charges.
By:
CagliariG
When: 19 Dec 24 22:14
You are falling apart Shafter, even Komrade Howard exposed you about the Shafter account which I previously had long before him.

Give it up you sad sack loser?
By:
Rico-Dangleflaps
When: 19 Dec 24 22:17
[   This image is no longer available.   ]

cant fake a picture tobyliargarymugs..(ps,dont forget the 1.5 million on previous acc 2005>2009)  TY.
By:
swiftynifty
When: 19 Dec 24 22:17
Rico, the way i read it if you have £25k gross profit which could theoretically mean little net profit you will be in the 20% net.
By:
Rico-Dangleflaps
When: 19 Dec 24 22:19
swiftynifty 19 Dec 24 22:00 
this is now based on gross profits, PC 40% band was based on net profits

PC now is taken from weeks gross profit..minus half your weeks charges.
By:
CagliariG
When: 19 Dec 24 22:20
Shame the meltdown continues Shafter if you still believe a photo takes two hours and then claiming somebody else took it when you told the forum it takes seconds!!!
By:
swiftynifty
When: 19 Dec 24 22:21
yes, forget that, trying to see where the new payers will come from.
By:
Rico-Dangleflaps
When: 19 Dec 24 22:23
rampton or broadmoor.
By:
swiftynifty
When: 19 Dec 24 22:24
Rico, on your portal why do you have no 'other charges'? I've got a minus figure, I'm guessing that must be that I benefitted from a fixed rate in the distant past?
By:
CagliariG
When: 19 Dec 24 22:26
Are you bringing them on Shafter?

Explain how you get the whole £19 from the Sally Ann to them and it will be the first thing you have ever done worthwhile in your miserable existence!! HTH
By:
Rico-Dangleflaps
When: 19 Dec 24 22:28
[   This image is no longer available.   ]
By:
CagliariG
When: 19 Dec 24 22:30
ROFL, as genuine as you gas bill YSDC!!!

Buy a bed and use it, if your arse bones are suffering too much send me the bill!! HTH
By:
swiftynifty
When: 19 Dec 24 22:30
so you never paid 20% went straight to 40%?
By:
Rico-Dangleflaps
When: 19 Dec 24 22:34
my warwick hunt acc was closed in 2009..started this one in 2010..PC had already been implemented then so started from scratch so would have went the normal route 0 > 295k before going on 40%.
By:
CagliariG
When: 19 Dec 24 22:37
Strange that records show this account started in 2018 Shafter? Like I said Howard caught you out on the Shafter account, you must be the most inept conman of all time.............IMVHO!!

LOL
By:
CagliariG
When: 19 Dec 24 22:39
Dorme tranquilo cagino, ce vediamo doppo!!!
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