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Long live the "Expert Fee".
https://betting.betfair.com/betfair-announcements/exchange-news/the-betfair-exchange-expert-fee-faq-111224-6.html
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https://betting.betfair.com/betfair-announcements/exchange-news/the-betfair-exchange-expert-fee-faq-111224-6.html
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Replies: 363
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Oh, wow! This is great news!
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Finally they listened. But will any of those who left once they hit £250K lifetime actually return though or are they lost for good?
Without looking into too much detail can we say someone winning a smidgen under £100K will be approx £20k better off a year? |
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That's how I see it, Swifty, yes!
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Earn up to £25k per year without paying any additional fees.
Earn up to £100k per year and pay only 20%. Those earning >£100k per year now all pay 40%. 50% and 60% bands have been removed. There are some negatives, such as implied commission on losses drops from 3% to 2.5%. But, overall looks like really good news for the ecosystem. |
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You spoke - Betfair listened - 16 years later!
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PLEASE DON'T BE A WIND UP
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great news
 TMHopefully Delta might return now  |
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Better late than never
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the lifetime 'issue' had to be addressed, it was bonkers after some people been on here 20years plus, it levels the laying field a bit on that front, and the new buffer system looks promising.
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*playing and laying!
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Farty is fecked - no chance he would ever pay PC - but if they are gonna start charging "experts"
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jamee, yes i guess so, was more thinking for those who were fixed at 20%+ due to lifetime they can now steer clear altogether if they stay under £25k a year, not really buffer related.
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TM, they are now classing their customers as 'experts' or 'mugs', can they keep everyone happy?!
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now we just have to be able to deposit decent money
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will Rico's wages now double ?
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Unless they classify an "expert" as lumping on AOHW after another disastrous day on the gg's - Farty will be ok imo.
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Helmet tbh…
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when does it start and hows it calculated weekly?
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Love the new "I am a Betfair Expert" badges they are producing.
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Yeha
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next month. sounds like you don't pay anything until you've made 25k
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Never going to effect me directly but good news.
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Replaced with the "expert fee"?!
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calculated on your last 52 weeks of active play Rico. If you've made less than 25k = 0.
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rico doesn't get out of bed for less than 25k howie ...
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"Welcome back" Was it cold in the ground this morning?
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the dealer
the dealer Date Joined: 31 May 07 Blogger: the dealer's blog Add contact | Send message 18 Dec 24 12:32Joined: 31 May 07 | Topic/replies: 27,799 | Blogger: the dealer's blog Dec 18, 2024 -- 12:18PM, Deltâ wrote: . Welcome back +1 afternoon Delta |
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"rico doesn't get out of bed for less than 25k howie ".. keep up he's really struggling with the buttons matched IR these days
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Hi K
From 6th January 2025, our Exchange Premium Charge will be replaced by the Expert Fee. Under the new terms & conditions: You will need to surpass £25,000 per year in profit to qualify for any charges Profits will need to be over £100,000 per year to qualify for the highest rate of 40% Implied commission on losses will be updated to 2.5% to reflect the current average Exchange commission rate For further information please see our FAQs here. Full Terms & Conditions can also be accessed onsite from 6th January. If you meet the criteria for the Expert Fee structure from 6th January 2025, you will be charged and will not receive any additional notifications. You will be able to track charges within your account page from 13th January 2025. Kind regards, The Betfair Team |
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howard 18 Dec 24 12:34
calculated on your last 52 weeks of active play Rico. If you've made less than 25k = 0. so the calculation is previous yrs earning projected into the next year? it isnt you can win £25,000 from jan 6th before you go into 20% then 40% when you surpass £100.000? |
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no it's the former
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so now calculated on a yearly basis? ie wont know what your paying in 2026 till end of this year?
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It's rolling 52 weeks
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as I understand it each week they will look at your last 52 weeks. If u have made less than 25k looking back each wed you will pay nowt. I take it even in these hard times u have always made 25k in the previous 52 weeks ?
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