vegas cant hold a candle to pinnacle, €40,000 limits for aussie open

[SportsMushroom]

Premium Charge Summary

You will only be considered for the Premium Charge if, over the lifetime of your account, 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 lifetime of your account will be excluded from the calculation; and
Each customer will have a lifetime 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 gross profits and the total charges generated during the lifetime of the account.

http://www.betfair.com/AUS_NZL/aboutUs/Betfair.Charges/

thanks, tried to send you a couple of points but it wont let me have not sent any points to day so its weird, sorry for that

that sounds horrible, seems like betfair is trying to penalize winning players, I know what you are going to say, its difficult for someone to qualify for premium charges but it seems quite simple, at least on paper, basically it seems like if you bet in more than 250 markets then you are charged a premium, I wonder what constitutes a market

[durito]

I think you'll find that Pinnacle offers 8 cent lines for grand slam tennis but higher juice lines for the remainder of the season .. never 6 cents or lower?

I think you will find that you are wrong as usual.

The current -149/140 line on the final is eqv to 6c pricing.

All men's tennis at least starts at 8 cents

[FourLengthsClear]

Betfair is fantastic if you can churn large volume at a midrange RoI. You'll get down to 3% commission, and avoid PC.

For a low volume high-RoI player, PC makes them unusable. Unfortunately, that's me - I haven't used them in three years as a result. Currently moving towards higher volume, but on markets they have no liquidity on .... oh well :-)


Pinny/SBO/ibc are basically markets by another name anyway. Stick up early lines with tiny limits, let the market refine, raise limits, more refining, raise more. Those early lines are not remotely sharp ...... they don't need to be.

Good synopsis.

[darkhat]

If I ever have 40 grand, which I won't, I know to move to another country and play pinnacle I guess.

[SportsMushroom]

If I ever have 40 grand, which I won't, I know to move to another country and play pinnacle I guess.

move to a canadian city that borders with the us, that way you get to enjoy the little things not available to us citizens like gambling, and you are within driving distance of the Us

[Domer]

it would take about 30 seconds to place 3x40,000 wagers and you already have 120,000 down on the match

just as an fyi, your max bet would move the line and you'd have to wait 60 seconds between bets

[Hareeba!]

I think you will find that you are wrong as usual.

The current -149/140 line on the final is eqv to 6c pricing.

All men's tennis at least starts at 8 cents

but the games line is set at 8 cents

btw ,, strange thing there atm

you can get Djokovic -3 +105 for up to $3k and Nadal +3 +101 for up to $5k

[durito]

but the games line is set at 8 cents

btw ,, strange thing there atm

you can get Djokovic -3 +105 for up to $3k and Nadal +3 +101 for up to $5k

wow you mean pinny has different holds for different markets on the same game? i'm shocked.

[Justin7]

An acquaintance of mine called in Greek to place a bet on Djokovic, on the moneyline. Greek would only take a dime. Greek takes a lot of the joy out of line shopping, taking 1k when Pinny was taking 50k.

[Robber]

Wow wonder how many big wagers pinky has taken on this

[SportsMushroom]

just as an fyi, your max bet would move the line and you'd have to wait 60 seconds between bets

ok so you could get 120,000 down in 3 minutes, my mistake


and the fact that the line will move is moot, the line will move at any book if you bet that much

pick any sport, any game and compare the lines between all books, lines are more or less clones of each other, only difference between books is the juice, if the line moves at pinnacle it will move at other books too, you cannot get a better price somewhere else

best thing to do is bet the max, and if line moves wait for it to move back before you bet again

[SportsMushroom]

An acquaintance of mine called in Greek to place a bet on Djokovic, on the moneyline. Greek would only take a dime. Greek takes a lot of the joy out of line shopping, taking 1k when Pinny was taking 50k.

I wonder if the reason they are taking such small amounts is due to lower liquidity since they lost the US market

can the greek survive? without the US?

[FourLengthsClear]

i bet the smaller tourneys at pinny and up to now only noticed -103 lines, havent been with them that long so I will take your word on that one


also 3% commission is essentially a -103 line

if you bet $1 on a -100 line and win, you will be charged 3% or 0.03 on the dollar you just made, hence -103 effective line

also out of pure interest, not regarding the argument, do you incur premium charges? if yes, when do they kick in? and can they be avoided?

http://forum.sbrforum.com/sportsbooks-industry/1295271-betfair-premium-charges.html

[Winner_13]

An acquaintance of mine called in Greek to place a bet on Djokovic, on the moneyline. Greek would only take a dime. Greek takes a lot of the joy out of line shopping, taking 1k when Pinny was taking 50k.

Justin check my thread:

http://forum.sbrforum.com/sportsbooks-industry/1533165-i-dont-understand-how-greek-gets-much-action.html

Pinny prob has more handle on this match than greek does in 2 weeks