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so then how many of you happy Betfarians , are enjoying paying your premium charge each Wed lunchtime , and is it really only the 0.01 per cent thats involved
Lets have an update please
Ricky
I have no doubt but that many more than 0.01% are affected.
However, I have also been surprised by how few have made the exodus over to the Purple alternative — judging by the unchanged levels of liquidity over there.
It would seem that a critical mass of Premium Charge victims are prepared to suffer donating one day’s profit per week for the dubious privilege of using the Betfair platform.
(Then again, if In-Running is your game — there really is no alternative to BetUnfair.).
Even less responses to this thread than the Jimbo tribute thread.
Am I alone here in getting repeatedly clobbered with this tax on those who can hold the form book the right way up?
Even less responses to this thread than the Jimbo tribute thread.
Am I alone here in getting repeatedly clobbered with this tax on those who can hold the form book the right way up?
Glenn, you’re always ploughing a loan furrow but keep it up..
I don’t bet anywhere near enough or often enough for this to make any difference to me though..
…the silence is deafening
Now that Betdaq’s 2% introductory offer for pissed-off Betfairies has passed and I’m lumbered with 4.25% is there anyone out there who can give a scenario – from actual experience, not a theoretical number crunch – in which I would definitely pay the Premium Charge on a ROI of circa 8%, betting win-only (no trading) in less than the PC cut-in of 250 markets annually, despite Betfair’s assurances I won’t, and wouldn’t have in the 60 weeks prior to the PC’s introduction in the autumn?
Not that it matters much as I’m happy with Betdaq and due to my absence Betfair commish has climbed back to 5%…but it would be nice to know
Drone .. due to the complex nature of the formula based on the 60 weeks year. It is almost impossible to work out if you will definietely NOT pay it, if you are making any sort of long term profit.
I have taken a different approach and had a break from betting since the tax was imposed. You can’t have a bet if you don’t know what the odds are, unless you expect to lose.
Sharp minds don’t pay the premium tax.
I see that the two roadshow venues
this month have been postponed
for one venue in February
through possible lack of interest.The blue evening is not a free for all
they want to know
who if any are actually turning up.
Gamblers are by nature a reclusive bunch
its in the genes and
the early ones needed
a look of innocence and
a pair goat heels to survive.Glenn it might be the time
to dust down that old troll costume
go on down Hammy
and throw a few taxing questions
at your old chums
including…Why is the beast devouring
its own children
starting with the first born
and selecting the most talented ?( ol’ chum.. the old chum bit is
a blast from the past that
has never been confirmed
by your goodself and was castigated
as false rumour by them)Keep up the good fight
however I only think things can be changed
from inside, so an inside job…
infiltrating the board would be optimum …Thanks Dave
"You can’t have a bet if you don’t know what the odds are" is a point well made: a week’s punting uncertain what the net profit will be, hence what the true prices taken were, until the impost – or not – of a mysterious surcharge the following wednesday.
I won’t miss them
So it seems the Blue gamble has worked , the carefully planned and ill explained premium charge will be paid and nothing will change unless the gambling commission take a closer look
as I see it the migration to Purple has not happened , the liquidity is still not good , so successfull players particularily in running fiends will stay at blue because there is simply no other choice
Like it or lump it it seems we are stuck with it
Ricky
I don’t see it as cut and dried as that Ricky.
Blue will be back for more, once the Premium Tax has been absorbed and worked around. Within a year or so hardly anyone will be paying it, so what are they going to do next? Raise the total commision paid to 22% (25%ish in real money) or reduce the threshold to £500?
On the subject of liquidity, what percentage of IP addresses provide what percentage of liquidity? I bet it’s less than 0.5% providing 90%+ of the liquidity.
The liquidity will move when the mugs get thin on the ground. Or Blue decides to get rid of the big players and take their cut. In the same way they have penalised certain types of punters with the Premium Tax and kept their profits for themselves.
Just a sign of things to come, IMO.
Dave , maybe you are right I cant see it though , liquidity measurement is straight forward , presently its just not happening for Purple
Racing has been running out of victims for a long time and yet the show rolls onwards
The truth is Blue made a commercial decision which although hated is working and in the absence of any real opposition they can go forward in the knowledge that thay have the upper hand for now ….
What will be the choking point for betfarians will be found out , but for now that bridge has not been reached
It will be interesting to see what the final straw will be
Ricky
bag in a box
A friend of my sister
arranged a holiday in Canada
This was some time ago.
She was looking forward to the trip,
an attractive girl, an adventurous girl.
She camped on the outskirts of the forest.
Well the young are foolhardy
and she was possibly aware of the risk
possibly not.
A bear ate her.
This was a true story
and she came bag in a box.almost bull
I was cornered by a bull once
in a large field
Supernatural heels took me over or through
a gorse bush
that would have pinned
an adulterer’s twin shames
to bramble
but I couldn’t begin
or even contemplate
dealing with the hot
primeval breath of a bear
and those horrible gummy teeth
that shew no mercy
to a mind honed on Homer
all greek to a bearDisorderli innit
From two thousand
To two thousand and seven
The B’air was in heaven,
salmon was plentiful
and people fed him cake
In eight though
came the hate
salmon stocks died
wet water filled mouths opened
with nothing and dribbling excuses
‘n bulging b’air eyes cried
hungry and redder than the
bankers stocks in bankbrokeciti
not five thousand miles shy
of bankruptcy
and the b’air
feasted for the first time
on the hands
of the humans
that had previously fed him.Its the law of the jungle,
common practice of companies
It isn’t fairGamble: Fair question please? Is it the City smog of London or the North Sea breezes that have been most influential in opening up your mind to such feasts of imagination?
do you Ken West
The Derby was an influence
but Ken,
near death experiences
have helped me see
through
filthy smogs of London
but it was several hard rains
from scarboro drains
that have shipped
water to my brain
and cleared the dog
and me nearer to heaven
but the bear and bull was
full of truth
and as for the b’air
after seven years
it fled the truth
and couldn’t carep.s.
In truth Ken ( West Derby)
it was the short head 820 result
at Great Leighs that enabled
me to get through the turgid tittys
of the strange devious ditties
you read overleaf
with an exhiliration only
a gambler can experienceThe carrot or the stick……..?
Go here and type in skybet.com and betfair.com.
Can you guess which decided to punish long-run winners and which decided to reward long-run losers?
If anyone knows how to post the graph here please do.
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