tag:blogger.com,1999:blog-4528393111359731672.post885281559246079444..comments2024-03-24T00:19:53.054+00:00Comments on Green All Over: Oh Dear, BetfairCassinihttp://www.blogger.com/profile/05879449876804295094noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-4528393111359731672.post-85269868852867165582008-09-11T02:00:00.000+01:002008-09-11T02:00:00.000+01:00I spoke to someone at Betfair and they e-mailed me...I spoke to someone at Betfair and they e-mailed me a report pretty much confirming my rough calculations: I would have paid an extra £7.1k in Premium Charge. I seldom lose because I primarily trade in trending markets, and I am somewhat risk adverse.Cassinihttps://www.blogger.com/profile/05879449876804295094noreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-82804663494971394732008-09-10T10:31:00.000+01:002008-09-10T10:31:00.000+01:00unless you win on every single market (and well do...unless you win on every single market (and well done if you do), then your net commission over the course of a year will be far higher than 5%. If you go +50, -50, +50, -50, +50, you have effectively paid commission three times on one profit.<BR/>Ask for a report from Betfair over that period and check out the actual figures.<BR/><BR/>Not defending the charge at all, just offering some balance to the argument.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-3036123571787753462008-09-10T01:15:00.000+01:002008-09-10T01:15:00.000+01:00If you read the e-mail from Betfair, it does quite...If you read the e-mail from Betfair, it does quite clearly state "...like you, fall into the top 0.5% of our customers." I have no idea if this is accurate or not, I am just stating what they wrote. My fair share was always 5% of winnings - that was what I, and many others, signed on to. Whether or not we consider 20% to be fair remains to be seen. It will be interesting to see what happens.Cassinihttps://www.blogger.com/profile/05879449876804295094noreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-65781499400127255542008-09-09T23:42:00.000+01:002008-09-09T23:42:00.000+01:00You are not in the top 0.5% of customers. You are ...You are not in the top 0.5% of customers. You are one of the 0.5% of Betfair customers who previously did not pay your fair share, a not so subtle difference.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-13335694294013396672008-09-09T14:41:00.000+01:002008-09-09T14:41:00.000+01:00Crazy move. They have gone from rewarding bigger w...Crazy move. They have gone from rewarding bigger winners with discounts on commission to now hitting them with a penalty.Cassinihttps://www.blogger.com/profile/05879449876804295094noreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-18170965366987388582008-09-09T08:05:00.000+01:002008-09-09T08:05:00.000+01:00"Get up to 20% better odds", and then give it back..."Get up to 20% better odds", and then give it back again! Thanks BF.Anonymousnoreply@blogger.com