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A few more weeks and I wont be around any longer after receiving this today.
Dear Rob,
From 18th July 2011 Betfair will be making some changes to the Premium Charge which may affect you directly.
Full details of the changes can now be found on the Betfair Charges page under the About Us section of the website but the changes can be summarised as follows:
Customers will be subject to Premium Charges at higher rates if they satisfy all of the following conditions:
Lifetime net profits (gross profits less commission paid and Premium charges debited) exceed £250,000
Lifetime commission generated less than 40% of lifetime gross profits
Bet in more than 1,000 markets
As of 20th June 2011 your exchange betting activity satisfies the criteria set out above. In order to view the Premium Charge rate that will apply to your future betting as well as the calculation that determines your rate and the date from which the rate becomes effective, we have developed a secure online portal. The portal can be accessed at terms.betfair.com by logging in with your Betfair username and password.
For the purposes of introducing a change to the Premium Charge rate that applies to your betting, we will assume that you have always incurred the Premium Charge at the prevailing rate. For example, if the Premium Charge rate applicable to your betting is now set at 40%, we will assume that you have always paid Premium Charges at 40%. This will ensure that you are considered to have generated total charges equal to at least 40% of lifetime gross profits at the point that the new rate becomes effective.
For more information, please visit an FAQ section on our forum. We hope the information provided will outline why we are making these changes and how they will be implemented in practice.
Alternatively, if you have any additional questions about the changes we are making that are not covered in the FAQs then please contact your account manager or email premiumcharge@betfair.com.
Yours sincerely,
Betfair Pricing
Dear Rob,
From 18th July 2011 Betfair will be making some changes to the Premium Charge which may affect you directly.
Full details of the changes can now be found on the Betfair Charges page under the About Us section of the website but the changes can be summarised as follows:
Customers will be subject to Premium Charges at higher rates if they satisfy all of the following conditions:
Lifetime net profits (gross profits less commission paid and Premium charges debited) exceed £250,000
Lifetime commission generated less than 40% of lifetime gross profits
Bet in more than 1,000 markets
As of 20th June 2011 your exchange betting activity satisfies the criteria set out above. In order to view the Premium Charge rate that will apply to your future betting as well as the calculation that determines your rate and the date from which the rate becomes effective, we have developed a secure online portal. The portal can be accessed at terms.betfair.com by logging in with your Betfair username and password.
For the purposes of introducing a change to the Premium Charge rate that applies to your betting, we will assume that you have always incurred the Premium Charge at the prevailing rate. For example, if the Premium Charge rate applicable to your betting is now set at 40%, we will assume that you have always paid Premium Charges at 40%. This will ensure that you are considered to have generated total charges equal to at least 40% of lifetime gross profits at the point that the new rate becomes effective.
For more information, please visit an FAQ section on our forum. We hope the information provided will outline why we are making these changes and how they will be implemented in practice.
Alternatively, if you have any additional questions about the changes we are making that are not covered in the FAQs then please contact your account manager or email premiumcharge@betfair.com.
Yours sincerely,
Betfair Pricing
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20% is a bit irritating, but 40% to 60% is going to be pretty much unworkable. Personally I've got a bit of time before I reach the £250K mark... However, this doesn't bode well for long term trading. If you have ambitions to do well on exchange betting, Betfair doesn't want your business. Great!
And God only knows what's going to happen to the liquidity around here if a few of the higher rollers jack it in. It was poor enough on US Horse Racing already. Sadly, BetDuck don't even do the US stuff.
What a terrible way to start the day , this really is taking the p1ss
Anyone who bets and is on this new PC would be much better off betting on tote. It remains to be seen what will this do to the liquidity on US reacing.
anyone smart enough on here to have been able to accumulate profits of over £250,000 but NOT smart enough to figure out a way to get around paying the extra charges deserve what they get
I'm not suggesting anything, strictly hypothetical of course...
******* gives the finger to the BF police ********
I'm not suggesting anything, strictly hypothetical of course...
******* gives the finger to the BF police ********
LIKE BETTING FROMTIME TO TIME BIG UH AND IT 40 TO 60 FUC K OFF
someone winning that much will end up making their own web site and taking everyone else with them .........for example, purple doing a good job and it wont be long till betfair will have to charge 100% to stay afloat! 
Someone winning £250k over 11-12 years isnt much above minimum wage when you take out expenses so its unlikely they'd be setting up a rival exchange.
I think some people have a misconception when it comes to amounts won and think that someone who has over £250k lifetime profits has that amount under their mattress or something. If people do this for a living, you still have to live and pay bills just like anyone else.
Ive enjoyed it while it lasted but nothing lasts forever as they say so time to move on.
I think some people have a misconception when it comes to amounts won and think that someone who has over £250k lifetime profits has that amount under their mattress or something. If people do this for a living, you still have to live and pay bills just like anyone else.
Ive enjoyed it while it lasted but nothing lasts forever as they say so time to move on.
BLUENOSE IS RIGHT
HOW can we bet on the footy on even money they have lost it asking for 40 to 60 cut it all i cant think at all
HOW can we bet on the footy on even money they have lost it asking for 40 to 60 cut it all i cant think at all
Time to sharpen up the Tote skills again fella's. I made a go of it for years on there.
it no brainer like i say ONLY 0.71 MAKE 15K a year in 2003 to 04 wtf they playing at
GREED
I AM HAPPY with 5% for all
GREED
I AM HAPPY with 5% for all
This 250k lifetime is a joke. As Rob states over a 10 yr period that aint much to live on. 250k should be capped yearly but not over a lifetime. They need to change their rules.
the canadian - also makes a good point. There is ways around this.
the canadian - also makes a good point. There is ways around this.
Why a standard PC rate on everything? They could (say) go up to 90% on in-running as they seem to be targetting this one down to nothing on virtuals, games, casino etc. They could keep before-the-off events to he rate they are now.
(It would surely appeal to them to try to encourage people onto the nil rates ones)
(It would surely appeal to them to try to encourage people onto the nil rates ones)
I still don't get all the moaning on here about the new PC
this is not too unlike price distortions due to runners left in the market
TAKE ADVANTAGE, don't complain because NO ONE CARES
same with this
THERE ARE WAYS AROUND THIS, protect your money, don't hand it over
it's not about being crooked or dishonest or not wanting to abide by the rules
IT'S ABOUT SURVIVAL
this is not too unlike price distortions due to runners left in the market
TAKE ADVANTAGE, don't complain because NO ONE CARES
same with this
THERE ARE WAYS AROUND THIS, protect your money, don't hand it over
it's not about being crooked or dishonest or not wanting to abide by the rules
IT'S ABOUT SURVIVAL
it is hard on 24%ish let along on 40 to 60
it getting more like watching wallpaper dry out a bit more and those penny bots killing the markets
the end is high
it getting more like watching wallpaper dry out a bit more and those penny bots killing the markets
the end is high
I'm starting to warm to you TC the more I read.
How we react to change is ultimately serves us. When b/f was floated this was always coming.
How we react to change is ultimately serves us. When b/f was floated this was always coming.
thecanadian, so you are saying the only way around this charge is by cheating. I always knew you were a childish moron but now i know you are a dishonest childish moron. One can only hope you get caught & get the lifetime ban from BF you deserve.
Has he mentioned cheating and dishonesty as such??
Besides, I'm not sure cheating or dishonesty would be out of place after the shabby way in which BF have been treating their customers of late - they've even been bragging to the shareholders that the new strategy for Betfair will involve taking a much larger share of the money away from its customers.
Many of the people **** about to get trounced by the new rules are the same ones who pumped up the liquidity in the first place. Without their help, Betfair would have found it very hard to thrive. Now that Betfair apparently no longer needs those people (their judgement may be lacking there), they feel they can shaft them with an eye-wateringly high price increase. Betfair are only doing this because they think the customers can't go anywhere else or do anything to avoid the charges. The former may well be true, but the latter bit is more questionable. If people start cheating in order to get round the new charges, it'll be a situation of Betfair's own making.
Perhaps you need to grow up yourself Kye, because whatever side Betfair are on, it definitely isn't going to be yours.
Besides, I'm not sure cheating or dishonesty would be out of place after the shabby way in which BF have been treating their customers of late - they've even been bragging to the shareholders that the new strategy for Betfair will involve taking a much larger share of the money away from its customers.
Many of the people **** about to get trounced by the new rules are the same ones who pumped up the liquidity in the first place. Without their help, Betfair would have found it very hard to thrive. Now that Betfair apparently no longer needs those people (their judgement may be lacking there), they feel they can shaft them with an eye-wateringly high price increase. Betfair are only doing this because they think the customers can't go anywhere else or do anything to avoid the charges. The former may well be true, but the latter bit is more questionable. If people start cheating in order to get round the new charges, it'll be a situation of Betfair's own making.
Perhaps you need to grow up yourself Kye, because whatever side Betfair are on, it definitely isn't going to be yours.
The charges will affect everyone eventually no matter what you think now as ultimately when the bigger players/market makers no longer play betfair will have their wish to act as bookmaker. On the US racing when you now see 105% to back with little liquidity, down the line you will be looking at 120% with even less.
As LordBobbin says if you've been around a long time and helped the site thrive you are going to get fcuked harder than someone whos been here 5 minutes. I will try bet daq for a few weeks and then give up if that dont work out.
As LordBobbin says if you've been around a long time and helped the site thrive you are going to get fcuked harder than someone whos been here 5 minutes. I will try bet daq for a few weeks and then give up if that dont work out.
Kye, I am wondering, is posting epic rubbish on these forums an Australian malady, or is it hopefully contained to a few simpletons like yourself and MrBean?
The Canadian went out of his way to say "I'm not suggesting you cheat" but also emphasized that this is about "survival". So the ad hominem insults and you wishful thinking wet dream of a lifetime ban expose your true intentions.
The Canadian as usual is right but again as usual he ends up getting abuse over it. There are ways, all within the bounds of fair play and working within Betfair's terms and conditions, of fulfilling PC status requirements without actually paying the surcharge. Those who continue to deny it, or remain ignorant of the options, or can't figure out how to do that on their own are either punters who consistently lose and don't care about PC charges or too stupid.
Kye, I have a good sense you belong in both of those groups.
The Canadian went out of his way to say "I'm not suggesting you cheat" but also emphasized that this is about "survival". So the ad hominem insults and you wishful thinking wet dream of a lifetime ban expose your true intentions.
The Canadian as usual is right but again as usual he ends up getting abuse over it. There are ways, all within the bounds of fair play and working within Betfair's terms and conditions, of fulfilling PC status requirements without actually paying the surcharge. Those who continue to deny it, or remain ignorant of the options, or can't figure out how to do that on their own are either punters who consistently lose and don't care about PC charges or too stupid.
Kye, I have a good sense you belong in both of those groups.
Off topic but I think relevant to the discussion.
At the height of the financial crisis (fall 2008) I decided to convert my most liquid asset (that's money for the not so financial matters inclined) into property. I understood the BoE's efforts to prop up zombie UK banks would end up debasing the pound through QE. As a result, I bought a second home in the Loire, about 10 minutes from Amboise. It was something we had been thinking about for a while and I thought, given the circumstances, the time had come. We ended with a modest three bdrm place but it offered everything we were looking for, a pool for the hot summers and some great bike trails nearby for my two young daughters to enjoy.
You may or may not know this but France is considered "off-shore" for UK residents. Since I found myself spending more time in France than usual, and conducting business in my trips over there, I requested that part of my salary be paid in euros and transferred directly into a Paribas account, commensurate with the time I was spending conducting business over there. My firm obliged.
Is this considered cheating on your taxes, or being smart in maximizing the money you get to keep from your paycheck? No laws were broken, it is all legitimate and can withstand scrutiny from audit. How is trying to find ways, within the exchange rules, to minimize what comes out of your account on here any different? It's not.
At the height of the financial crisis (fall 2008) I decided to convert my most liquid asset (that's money for the not so financial matters inclined) into property. I understood the BoE's efforts to prop up zombie UK banks would end up debasing the pound through QE. As a result, I bought a second home in the Loire, about 10 minutes from Amboise. It was something we had been thinking about for a while and I thought, given the circumstances, the time had come. We ended with a modest three bdrm place but it offered everything we were looking for, a pool for the hot summers and some great bike trails nearby for my two young daughters to enjoy.
You may or may not know this but France is considered "off-shore" for UK residents. Since I found myself spending more time in France than usual, and conducting business in my trips over there, I requested that part of my salary be paid in euros and transferred directly into a Paribas account, commensurate with the time I was spending conducting business over there. My firm obliged.
Is this considered cheating on your taxes, or being smart in maximizing the money you get to keep from your paycheck? No laws were broken, it is all legitimate and can withstand scrutiny from audit. How is trying to find ways, within the exchange rules, to minimize what comes out of your account on here any different? It's not.
oh melanus you get the fantasing turkey of the year award.
Now you have a house in france???? right?/ How did you do that on a burger flippers wages?
You profess to be so smart.You just proved your the biggest dummy of all time.
You converted most of your liqid assets into property at the height of the financial AND MISSED THE OVER 50% RISE IN EQUITIES??????
even though your the owner/ceo/head nerd of a " boutique london investment firm" and you endlessly lecture all and sundry on the stockmarket?
gives us all a break you pretender.
Now you have a house in france???? right?/ How did you do that on a burger flippers wages?
You profess to be so smart.You just proved your the biggest dummy of all time.
You converted most of your liqid assets into property at the height of the financial AND MISSED THE OVER 50% RISE IN EQUITIES??????
even though your the owner/ceo/head nerd of a " boutique london investment firm" and you endlessly lecture all and sundry on the stockmarket?
gives us all a break you pretender.
i seems to think the bots are harder and wiser trying to pay the 20%meltdown will have to work even harder now soon be 40% to 60
which push them down and out and that where the betfair bots( 0% free maybe betfair bots)
while the rest of us mugs yes 99% loser get stuck in making round and round and v betfair bots
all ends up at that mo it 72% WILL EASY GO TO 90%
we are gone mayday
it makes a good idea to bet some wheres
why do we bet on even money to win 2/5 that a shock
then again 0.9% wins get hit by 20ish to 26% and that was oh 2 years ago
by that time noted a drop in markets and forum chats
forum chat was easy 800 to 1000 a day
now days it lucky to make 200
oh dear
the end is near
i will not go back to work
10 years of this
maybe overthere will grow
i am sad cos i was very loyal
and love betfair to my grave
i cant work in a job while folks walk over me and cos of my illness
which push them down and out and that where the betfair bots( 0% free maybe betfair bots)
while the rest of us mugs yes 99% loser get stuck in making round and round and v betfair bots
all ends up at that mo it 72% WILL EASY GO TO 90%
we are gone mayday
it makes a good idea to bet some wheres
why do we bet on even money to win 2/5 that a shock
then again 0.9% wins get hit by 20ish to 26% and that was oh 2 years ago
by that time noted a drop in markets and forum chats
forum chat was easy 800 to 1000 a day
now days it lucky to make 200
oh dear
the end is near
i will not go back to work
10 years of this
maybe overthere will grow
i am sad cos i was very loyal
and love betfair to my grave
i cant work in a job while folks walk over me and cos of my illness
all i am saying thank u betfair for changing my life
it sad to think that u got greedy just like ebay
it sad to think that u got greedy just like ebay
They just made it easier for the one guy who is responsible for most of the liquidity on the US racing to make even more money.
I DONT DO BOTS I DONT DO INRUNING
I LOOK AT FORM AND I WORK HARD AND AM I A HIGN ROLLER NO WAY
JUST A BETFAIR SLAVE WHO TRYING TO PAY THE BILLS
I LOOK AT FORM AND I WORK HARD AND AM I A HIGN ROLLER NO WAY
JUST A BETFAIR SLAVE WHO TRYING TO PAY THE BILLS
not at u mate
just at UNFAIR GREED
60% on footy bet my a ss
just at UNFAIR GREED
60% on footy bet my a ss
betfair bots at work( 0% free maybe betfair bots) that the game plan 0% v 60% no match
cant speak any more
cant speak any more
@ MrBean
Thanks for making my point. Have you figured out how money gets created yet?
@ chrisblues
Your long "vertical" post is almost indecipherable and most certainly....WRONG!
Thanks for making my point. Have you figured out how money gets created yet?
@ chrisblues
Your long "vertical" post is almost indecipherable and most certainly....WRONG!
noted more when making bets it get cut out not sure who did that happen to u guys
it seems to happen few times when u want to take
it seems to happen few time
s when u want to take
calm down
this my last post knowing will there attack me
ok i win one market
it that means i am a winner at footy
2/5
no way dont u get it
Menelaus
forget it telling me to what
all i am saying i am over there betting at 2.5%
on footy and betfair have lost out
cos they asking for 60%
this my last post knowing will there attack me
ok i win one market
it that means i am a winner at footy
2/5
no way dont u get it
Menelaus
forget it telling me to what
all i am saying i am over there betting at 2.5%
on footy and betfair have lost out
cos they asking for 60%
most of the pc aims at bots inrunning and high rollers
hard workers who take in the hours upto12 hours a day easy and not like high rollers bul l s hit
hard workers who take in the hours upto12 hours a day easy and not like high rollers bul l s hit
Are you going to keep putting up these nonsense posts? Please stop.
at 40 to 60 i like to wish to stop at 5per cent for all
not sure why the high ROLLERS at 2% HAVING FREE FOR ALL while others low players on 40 to 60
that unreal and the 0% bot comes to play oh dear
not sure why the high ROLLERS at 2% HAVING FREE FOR ALL while others low players on 40 to 60
that unreal and the 0% bot comes to play oh dear
LordBobbbin
30 Jun 11 16:18 Joined: 01 Sep 08 | Topic/replies: 1,231 | Blogger: LordBobbbin's blog
Are you going to keep putting up these nonsense posts? Please stop.
w t f is that
maybe i been here too long
30 Jun 11 16:18 Joined: 01 Sep 08 | Topic/replies: 1,231 | Blogger: LordBobbbin's blog
Are you going to keep putting up these nonsense posts? Please stop.
w t f is that
maybe i been here too long
LordBobbbin
30 Jun 11 16:18 Joined: 01 Sep 08 | Topic/replies: 1,231 | Blogger: LordBobbbin's blog
Are you going to keep putting up these nonsense posts? Please stop.
w t f is that
maybe i been here too long
30 Jun 11 16:18 Joined: 01 Sep 08 | Topic/replies: 1,231 | Blogger: LordBobbbin's blog
Are you going to keep putting up these nonsense posts? Please stop.
w t f is that
maybe i been here too long
Chris, you are right, may be I don't get it, it's for others to decide, but at least I try to present my case in a coherent, easy to follow logical manner. Your posts now resemble the work of someone who has just suffered a major emotional breakdown. Good luck getting yourself sorted out.
lol
major emotional breakdown.
yes that right at 40% TO 60 %
that means how can i claim the dole cant
and how can i work
cant due to illness
ok 40 to 60 is better than 100% of nill
fuc k sake
betfair wins
i will be here if that the case
but not betting mind cos it elsewhere[:D]
major emotional breakdown.
yes that right at 40% TO 60 %
that means how can i claim the dole cant
and how can i work
cant due to illness
ok 40 to 60 is better than 100% of nill
fuc k sake
betfair wins
i will be here if that the case
but not betting mind cos it elsewhere[:D]
Kye GFY, you and your ozzie fecktard friend
chrisblues you should try not posting on here when you're on a bad acid trip
chrisblues you should try not posting on here when you're on a bad acid trip
i am deaf and do sigh lang i just cant be in a level with u u big man
i am in fact very in love with betfair it my job and i cant work flipping burgers like you micky mouse and pals who kill for their place in burgers wars
and that me cleaning the floors for low wages fu ck u mate who u think u are
long live betfair who change my life and i will put up with 40 to 60 for all just to pay the bills if i can and have the freedom of not working in the rat race
i am in fact very in love with betfair it my job and i cant work flipping burgers like you micky mouse and pals who kill for their place in burgers wars
and that me cleaning the floors for low wages fu ck u mate who u think u are
long live betfair who change my life and i will put up with 40 to 60 for all just to pay the bills if i can and have the freedom of not working in the rat race
i am born to do this cos i got good eyes cos i cant hear
try having a even money on 60%on any FOOTY BET ha ha 1000$ and betfair get$600%
while u trade away on usa racing like a slave
while u trade away on usa racing like a slave
Egyptian hieroglyphs - Wikipedia, the free encyclopedia
lol
lol
chrisblues, no offense mate, but I've seen enough of your posts in the past to know you have a good supplier
this time though he sold you some bad sh1t
NOTHING WILL CHANGE in a couple of weeks
the same markets, the same liquidity, the same people will be punting and posting on here
wake the feck up
this time though he sold you some bad sh1t
NOTHING WILL CHANGE in a couple of weeks
the same markets, the same liquidity, the same people will be punting and posting on here
wake the feck up
yes for few weeks it will be high % cos
it will not last up to 18th july
it will not last up to 18th july
thecanadian
was 1000plus posting
now when u fight
it now 100 posting
mayday we run from u mate
was 1000plus posting
now when u fight
it now 100 posting
mayday we run from u mate
wow, so this is what a meltdown looks like in real time 
If you have £250,000 lifetime loss- Will you get a refund ?
am i the only one that doesnt understand a word chrisblues writes or says ?!?! is it a new language, dont think its english !
back to topic, why dont they just copy the same theory as the english tax system!
ie, percentage paid of winnings changes each week, if you loose/win one week ur percentage adjusts according
back to topic, why dont they just copy the same theory as the english tax system!
ie, percentage paid of winnings changes each week, if you loose/win one week ur percentage adjusts according
it's gibberish
you have to get really high to understand it
too early in the day for me to be in that kinda state
may be later though
you have to get really high to understand it
too early in the day for me to be in that kinda state
may be later though
i put it through www.freetranslation.com , but it doesnt recognize it
put a couple of lines down
and then put it through
it will all make sense to you then
works for me every time when I read his posts
and then put it through
it will all make sense to you then
works for me every time when I read his posts
you can stay if you like
I didn't mean anything by it
I was just saying it because more punters are likely to notice on the other thread
I didn't mean anything by it
I was just saying it because more punters are likely to notice on the other thread
The way my form is of late be best if there isnt anyone viewing it .
that last race at bel was not fun viewing I'd layed that 6 for more than I should have.
I was going to post this yesterday but I backed off
YOU ARE PUTTING TOO MUCH PRESSURE ON YOURSELF
don't pick and choose what you tip (which I believe is what's going on as you fade in and out of the forum)
put them all up - good, bad and indifferent - so you can establish a "flow"
when you get your rhythm back - double up on your bets
but hey, don't listen to me, I'm the guy on here everyone wishes gets a lifetime ban
Good Luck.....and I mean that.
YOU ARE PUTTING TOO MUCH PRESSURE ON YOURSELF
don't pick and choose what you tip (which I believe is what's going on as you fade in and out of the forum)
put them all up - good, bad and indifferent - so you can establish a "flow"
when you get your rhythm back - double up on your bets
but hey, don't listen to me, I'm the guy on here everyone wishes gets a lifetime ban
Good Luck.....and I mean that.
Ive started looking a bit more at WDB , seems to throw up plenty of lays
my first agree was to do with Bel
but also agree re: your WDB conclusion
if you follow it, and you are patient, some amazing lays can be found
but also agree re: your WDB conclusion
if you follow it, and you are patient, some amazing lays can be found
gotta step out for a little while
when the wife is busy she takes the boy to a sitter
I gotta go pick him up
GL chat later
when the wife is busy she takes the boy to a sitter
I gotta go pick him up
GL chat later
my god 3 hacked up . layers falling over backwards to lay that as well , 4.0 that went to , lol
It will destroy what liquidity we have on us racing for a starBetfair forget many people who have over 250k hedge their bets.
Therefore they have bigger liabilities.
Therefore they have bigger liabilities.
They will save on having to hire less employee's though.
What will happen to the other chimp though? I hope they release back to the wild.
Betfair have bigger problems wih country by country in europe closing the door and banning exchanges
and USA showing their intentions to gambling online with closing down the poker sites.
Also Betfairs aussie site is doing well at all.
If Betfair don't understand we the punter started this site along with flutter
to be against bookies then Betfair will slide downwards faster then they thought.
Football won''t save then in my opinion.
and USA showing their intentions to gambling online with closing down the poker sites.
Also Betfairs aussie site is doing well at all.
If Betfair don't understand we the punter started this site along with flutter
to be against bookies then Betfair will slide downwards faster then they thought.
Football won''t save then in my opinion.
betfair has just saved the high street bookie........ isnt their logo 20% better odds, then they take more than double that away !?!? just dont get the logic behind it
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