Premium charge changes

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Do you pay the Premium charge

Poll ended at Mon Aug 24, 2009 8:27 pm

Yes
23
32%
No
49
68%
 
Total votes: 72
Brent
Posts: 58
Joined: Sun May 03, 2009 2:12 am

Cran wrote:The premium charge rules are about as clear as mud...

Does any one know roughly how much you would have to pay pay total (premium charge and commission) if you made (a) £12k (b)£24k (c) £36 (d) £48k per year?
Is it not 20%? If you don't pay 20% of your profit in commission, you pay it in PC.
So if you pay 10k commission, you can make 40k to avoid the charge.

I have avoided it pretty well up until now, but with betting more, it is starting to get dangerous for me. I think when it first came out, I was in negative over the 60 weeks so I was way off paying it. Now sitting at about 75%, so still a way off, but with the swings I get in my account, 1 bad week off winning too much, could cost me bulk in PC. Fortunately, I dumped 16k out of my account in the last week, so that should buy me a bit of time.
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Joao
Posts: 44
Joined: Thu Apr 16, 2009 2:14 am

If I was a novice trader I don't know if I would trade on BetDAQ. Then when I was getting sucessful I would move to Betfair and the patterns would be a lot different and had to learn all over again.

It's very hard to overcome the network effect. Here in Portugal the leading mobile network is the worst and the most expensive, but because it was the first, people are not willing to move to other ones.

But, you know, I don't think BetDAQ is making enough effort to compete with Betfair. They could start with that purple coloured website... They need more markets, casinos, pokers, exchange games and stuff like that to atract people. You can say that this stuff doesn't matter at all for trading, but it would definitely bring people to BETDaq. People who play poker but in the futue might bet on horses or have friends who bet on horses. BetDAQ need other reasons than "here you don't pay premium charges and in the other guys you pay". Premium charges are only a reason for top traders, a novice trader doesn't care about premium charges because it's still an illusion for him and I can't imagine a market composed only by top traders :lol:
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Dabbla
Posts: 665
Joined: Wed Apr 15, 2009 1:50 pm

Betdaq do have a poker site. Trading betdaq markets should not be that much diffrent from trading on betfair.If you use the Price charts in BA (betfair version )The prices will still pretty much move the same .
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Joao
Posts: 44
Joined: Thu Apr 16, 2009 2:14 am

Dabbla wrote:Betdaq do have a poker site. Trading betdaq markets should not be that much diffrent from trading on betfair.If you use the Price charts in BA (betfair version )The prices will still pretty much move the same .
Yeah surely, the prices shall move the same. I believe that might be the patterns that help you predict those movements that might be different...
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