Betfair *** Only 0.5% of the accounts affected ***

[papadsp]

l@@k at this email response and tell me that you really believe that only 0.5% of the users are affected by the premium charge!!!


Thank you for contacting the Betfair Helpdesk. We are writing to confirm receipt of your e-mail regarding the changes we are making to our pricing structure.
We are currently experiencing a high volume of emails but please be assured that a Betfair operator will respond in full as soon as possible.
Kind Regards
Betfair


********************************* This is an automated response. Please do not reply. *********************************

[bigboydan]

Sounds like a standard form email players get to me sir.

[Gemoka]

YOu`ll get a statement in a day or two I asked the same a while back.

[papadsp]

The email response was from the email premiumcharges[at]betfair[dot]com email address that is dedicated to users to get the weekly report.
If it's only 0.5% of the accounts that are affected, how is that possible to have high volume of emails at this particular address?
All i am saying is that it is not only 0.5% of the accounts but far far higher percentage but betfair can not say it in public.

[HeeeHAWWWW]

The email response was from the email premiumcharges[at]betfair[dot]com email address that is dedicated to users to get the weekly report.
If it's only 0.5% of the accounts that are affected, how is that possible to have high volume of emails at this particular address?

It's understaffed? Or lots of people who aren't affected asking if they might be?


Not a fan of the PC btw, just saying that the email response means nothing. As it happens I got clobbered with a PC just over $1k in a week, so no longer use them (told them to get stuffed, I'd already withdrawn all anyway). Srtange how they need this topup when other exchanges don't - betmate manage without, and their commission structure is half that of betfair's to start with.

[APK]

Srtange how they need this topup when other exchanges don't - betmate manage without, and their commission structure is half that of betfair's to start with.

Do they have the same liquidity?
I used betdaq for a while with their 2% offer, but it was dramatic on most leagues apart from the premier league.

[DIF]

APK

Need to be brittish to have 2% offer? or please tell me how to get 2%. I asked them and they told me 5% for sign up accounts.

appreciate your answer.

[HeeeHAWWWW]

That was the old betdaq offer. For betmate, I thought everybody got 3% (2% asian handicap):

http://www.betmate.com/HelpCentre/help_centre.htm#commission.htm

[Gemoka]

The email response was from the email premiumcharges[at]betfair[dot]com email address that is dedicated to users to get the weekly report.
If it's only 0.5% of the accounts that are affected, how is that possible to have high volume of emails at this particular address?
All i am saying is that it is not only 0.5% of the accounts but far far higher percentage but betfair can not say it in public.

I would say that it is so complicated to work out that every joe bloggs will be emailing fearing they might be the 0.5% that get hit

[citlec]

It is very confusing and i still dont know how they come to the figure they charge.
I think its more like 10% of customers who pay it than 0.5% they say.

I had a massive profit week in November and was charged a bomb the week after. This now means that if i dont use them till October 2009 and my commission goes to 5% i will still get charged the premium rate if i make a profit in a week because of this big profit week i had in November. I had also bet on over 250 markets between October and November so that wont cover me either.

[Shifty]

It is very confusing and i still dont know how they come to the figure they charge.
I think its more like 10% of customers who pay it than 0.5% they say.

I had a massive profit week in November and was charged a bomb the week after. This now means that if i dont use them till October 2009 and my commission goes to 5% i will still get charged the premium rate if i make a profit in a week because of this big profit week i had in November. I had also bet on over 250 markets between October and November so that wont cover me either.

Citlec, Exactly how did you make your massive profit that triggered the fee? I try to avoid trading out of positions on Betfair and use other books for hedging my bets. I have not been hit with the fee yet.

[HeeeHAWWWW]

Citlec, Exactly how did you make your massive profit that triggered the fee? I try to avoid trading out of positions on Betfair and use other books for hedging my bets. I have not been hit with the fee yet.

It's calculated per week (monday-sunday), so once you've qualified for PC if you make even a slight profit that week you have to pay it. I vaguely recall the RoI in any given week of something like 10%, above that and you get hit.

Basically, it hits most those who bet only occasionally. Those who bet/lay a lot (ie traders) have much less variance, and thus much more likely under that 10%.