hi all,
Just an update. I have noticed a new pop up on my betfair app the interested in premium charges button. Well I wasn't interested until now but I found out that for the first time since joining in 2012 I have no net deposits in my account. I am actually in profit and after making £1400 in 6 weeks from a £200 bank I can see this as a real way to make a part time living.
However reading up on the premium charges I can see that these will become a problem very soon if I continue with the success that I am enjoying at the moment.
Does this mean that as soon as users become successful they move over to other exchanges as from the way I read it my tax free profits that I have earnt are pretty soon going to be taxed at up to 60% in the future.
I was under the impression that betfair made its money from commission paid by users but obviously they like winners as long as they do not win too much.
We want to share an important update with our Betfair Community users.
Over the coming months, the Betfair Community platform will be winding down. The final active day for the platform will be December 21st. From December 22nd, users will no longer be able to access the platform.
Your discussions, insights, engagement, and, most importantly, feedback have helped shape the platform and guided innovation. Your feedback continues to be important to us, and we will continue to listen via our dedicated feedback channels, as well as through product testing and innovations.
To share your feedback and experience, visit: https://support.betfair.com/app/home
21 Sep 15
12 Sep 15
12 Sep 15
09 Sep 15
1 person is following this blog
My path to becoming a professional trader