Do the bet exchanges work with a winning system?

**Shifty** · 10-31-09, 12:06 PM

Betfair has a complex formula for their "premium charges". If you win too often over an extended period they will charge you a 20% tax on winnings. It mostly applies to professional arbitrageurs who back and lay the same market.

**JoeVig** · 10-31-09, 12:23 PM

Originally posted by bobsimmons

If you are using a system that allows you to win consistently

How much are you having to pay for this "system" ?

**moonbeam** · 11-01-09, 01:55 PM

Originally posted by bobsimmons

If you are using a system that allows you to win consistently and you need to follow the system, will places like BetFair and MatchBook always have the bet you need and at the amount you need it and at the value you need it like Bet Jamaica, The Greek, and Pinnacle provide it for?

Also, what does the "premium charge" mean?

I am not familiar with these exchanges as I have not done opened an account with them yet.

Thanks for you help, Bob

Thats a funny post bobbsimmons.

And the simple answer is NO

**moonbeam** · 11-01-09, 02:05 PM

Originally posted by JoeVig

How much are you having to pay for this "system" ?

it depends on the system sellers

**Jontheman** · 11-01-09, 04:55 PM

Originally posted by bobsimmons

If you are using a system that allows you to win consistently and you need to follow the system, will places like BetFair and MatchBook always have the bet you need and at the amount you need it and at the value you need it like Bet Jamaica, The Greek, and Pinnacle provide it for?

Also, what does the "premium charge" mean?

I am not familiar with these exchanges as I have not done opened an account with them yet.

Thanks for you help, Bob

Whatever system you have is (in theory) less likely to be succesfull on an exchange because the market is more efficient.

The premium charge on BF applies to people whose winnings are large relative to the amount of commission they pay. This means people who back and lay the same market at BF so that they only pay commission on their profit. Normal bettors are very unlikely to be affected.

**moonbeam** · 11-01-09, 05:04 PM

Originally posted by Jontheman

Whatever system you have is (in theory) less likely to be succesfull on an exchange because the market is more efficient.

The premium charge on BF applies to people whose winnings are large relative to the amount of commission they pay. This means people who back and lay the same market at BF so that they only pay commission on their profit. Normal bettors are very unlikely to be affected.

I really changed my mind about their premium fee nowadays.

Betfair are really assholes but I welcome this fee now

**HeeeHAWWWW** · 11-01-09, 06:06 PM

Originally posted by Jontheman

The premium charge on BF applies to people whose winnings are large relative to the amount of commission they pay. This means people who back and lay the same market at BF so that they only pay commission on their profit. Normal bettors are very unlikely to be affected.

Not that unlikely (I was).

**Art Vandeleigh** · 11-02-09, 03:46 AM

Originally posted by bobsimmons

If you are using a system that allows you to win consistently and you need to follow the system, will places like BetFair and MatchBook always have the bet you need and at the amount you need it and at the value you need it like Bet Jamaica, The Greek, and Pinnacle provide it for?

Also, what does the "premium charge" mean?

I am not familiar with these exchanges as I have not done opened an account with them yet.

Thanks for you help, Bob

Betfair is not a magic place, but in sports like soccer, tennis, golf, horse racing, it is very liquid and can probably fill your "winning system" requirements.

**GETMONEYKID** · 11-02-09, 04:35 AM

no such thing as a winning system bud

we all lose a little more than half our bets