https://www.youtube.com/watch?v=oOEl5Vq ... u.be&t=619
At 10:20 hes talking about paying a fixed rate rather than premium charge, Not quite sure what hes talking about, is this something you would negotiate? Anyone else paying a fixed rate, what would be the incentive for Betfair to allow that? thanks
Fixed rate / premium charge
Fixed-rate is the same as the premium charge, it's just not called it. It's what Betfair should have done from day one for PR purposes.
https://www.betfairtradingblog.com/betf ... -part-one/
https://www.betfairtradingblog.com/betf ... -part-one/
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What did you offer them to go on the fixed rate?
to pay higher commission every market as opposed to weekly premium charge,
higher rate of commission paid per market rather than a weekly charge taken on a wednesday. im aware it is basically the same thing just taken in a different way but better for me mentally rather than a lump amount taken in pc
Got offered this about 2 year ago......
From memory they offered me about 17% fixed rate which they would review every 2/3 month.
wasn't sure if after the 3 month review if I hadn't paid the equivalent of the 40% premium charge in the fixed rate if I would owe Betfair......decided to stick with Premium charge to save the hassle
From memory they offered me about 17% fixed rate which they would review every 2/3 month.
wasn't sure if after the 3 month review if I hadn't paid the equivalent of the 40% premium charge in the fixed rate if I would owe Betfair......decided to stick with Premium charge to save the hassle
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I'd always assumed the increased fixed rates still went thru the PC calculation as usual on the wednesday just meant you didn't get hit with a lump sum as it'd been spread across the markets. The premium deals seem to be handled manually by a separate pricing team as they get taken off on Wednesday at random times.
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Is it a complete replacement for the Premium charge or do they still calculate any possible charges weekly and you pay if any are due.
I was just typing that question as you posted.spreadbetting wrote: ↑Tue Dec 29, 2020 6:08 pmIs it a complete replacement for the Premium charge or do they still calculate any possible charges weekly and you pay if any are due.
So, if you traded just one market and made £1K. PC with 2% commission would be £980 profit, less PC of £200 - (£20 / 2) leaving you with £790.
At 17% commission your profit is £830. What happens next TisTheOne?
If they still apply PC they surely wouldn't credit you for generating only half of the 17%: £200 - (£170 / 2) leaving you with £715 ?
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Yep be interesting to know if you do avoid the PC calculations with a fixed rate. Whenever I've done their Premium Deals they've always gone thru the PC calculation at the end of it and PC charged, maybe at a more favourable rate for whatever reason/s but still calculated and charged.
For a period I was satisfied and consoled myself with this explanation.
But now I wonder, if my spouse and adult children developed an interest in exchanges and opened their own accounts would I sooner (probably) or later receive an email congratulating the enthusiasm of my family and very much welcoming them but also noting that all our accounts had been combined for PC calculation purposes?
Maybe I just read the blog again and be consoled. First world problem.