Betfair Punters

[goodlife]

Without wanting to butt in, I wonder if anyone can clarify something for me. Am I right in thinking that one must play in 260 markets over a 360-day period before becoming eligible for the surcharge, regardless of how much profit is made?
A simple yes/no would do.

[Anonymous]

Gotya Gerard thanks mate…sorry I can’t answer your question Goodlife. I was going to ask the same thing plus how much are the surcharges and like rule 4 do they apply to winnings only?

[wit]

…Am I right in thinking that one must play in 260 markets over a 360-day period before becoming eligible for the surcharge, regardless of how much profit is made?
A simple yes/no would do.

if yes/no is the only option, the answer is no.

a bit more helpfully though:

================

Premium Charge Summary

You will only be considered for the Premium Charge if, over the previous 60 weeks, you satisfy the following criteria:

– Your account is in profit;

– Your total charges generated are less than 20% of gross profits; and

– You bet in more than 250 markets.

Two further conditions reduce the likelihood that you will be required to pay the Premium Charge:

– Any single win that constitutes more than 50% of your gross profits over the previous 60 weeks will be excluded from the calculation; and

– Each customer will have a 60 week allowance of £1,000 against the Premium Charge.

Each week the customers who meet all the conditions set out above will be charged the lesser of:

– The difference between 20% of the previous week’s gross profits and the total charges generated during the week; and

– The difference between 20% of the previous 60 weeks’ gross profits and the total charges generated during that period.

=================================

from the foot of the following webpage:

http://content.betfair.com/aboutus/?pro … %20Charges

best regards

wit

[goodlife]

Wit,
Thanks for your reply, that makes things much clearer. So, playing in four
or less markets a week on average, you could assume that you would not incur the premium charge.

[Anonymous]

as an example if it’s possible……let’s say you bet in

6 races

each day 5 days a week x 60 weeks and your profit was 1000 per week…60,000 over the period…….anyone know what the actual reductions would be?

[Author]

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