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News, chat and debate about the Betfair betting exchange.
LinusP
Posts: 1871
Joined: Mon Jul 02, 2012 10:45 pm

gstar1975 wrote:
Fri Aug 10, 2018 11:39 am
Another question: What about if you just did straight betting would the PC be different if you managed to make profit just straight betting?
Same rules for everyone but you tend to pay a lot of commission (implied and generated) straight betting, its traders which get penalised the most.
poklius
Posts: 105
Joined: Sun May 17, 2009 11:58 am

spreadbetting wrote:
Thu Aug 09, 2018 1:32 pm

I got on the pc allowance trial and had my first allowance yesterday , hopefully they'll consider going down the allowance route as the £250k level is very restrictive for any players who've been with them since the start and aren't necessarily making large profits from the exchange.
How does pc allowance work?
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Grinderman
Posts: 94
Joined: Sun Mar 08, 2015 2:44 pm

Anyone on here actually done it? Closed their account, had a couple of years off, then opened a new one?
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Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Grinderman wrote:
Fri Aug 10, 2018 11:20 am
Hyperthetical question. Does anyone know, if you were to close your Betfair account and have a couple of years off, would PC reset if you then opened your new account?
Extremely unlikely. If they like different accounts that they suspect are being operated by the same entity they will certainly like the accounts of the same person!
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Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

gstar1975 wrote:
Fri Aug 10, 2018 11:39 am
Another question: What about if you just did straight betting would the PC be different if you managed to make profit just straight betting?
You basically pay PC if you lose less than £75 for every £100 that you win, depending on commission rate. Straight gambling usually has a fairly slim ROI so few gamblers would have a high enough win to lose ratio to be affected by PC.
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Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Grinderman wrote:
Fri Aug 10, 2018 12:26 pm
Anyone on here actually done it? Closed their account, had a couple of years off, then opened a new one?
I'll close my account tonight and report back in a couple of years. ;)
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Kafkaesque
Posts: 886
Joined: Fri Oct 06, 2017 10:20 am

Derek27 wrote:
Fri Aug 10, 2018 4:42 pm
Grinderman wrote:
Fri Aug 10, 2018 12:26 pm
Anyone on here actually done it? Closed their account, had a couple of years off, then opened a new one?
I'll close my account tonight and report back in a couple of years. ;)
I guess this is about to happen, eh :lol:

Image
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

poklius wrote:
Fri Aug 10, 2018 12:25 pm
[

How does pc allowance work?
Bit like the way you get a personal allowance for income tax, you just get a weekly allowance before they start to charge your account, so say you had a weekly allowance of £500 and your PC charges came to £400 they wouldn't make a deduction, if your pc came to £1000 you'd only be debited £500. Makes a lot more sense than the current method of using a lifetime figure.
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Derek27
Posts: 23475
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Kafkaesque wrote:
Fri Aug 10, 2018 5:08 pm
Derek27 wrote:
Fri Aug 10, 2018 4:42 pm
Grinderman wrote:
Fri Aug 10, 2018 12:26 pm
Anyone on here actually done it? Closed their account, had a couple of years off, then opened a new one?
I'll close my account tonight and report back in a couple of years. ;)
I guess this is about to happen, eh :lol:

Image
Thanks, I've just used that image for my desktop wallpaper. :lol:
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Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

Any uptick in volume in the racing markets because of this new PC trial?

Would highly doubt it...
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megarain
Posts: 2040
Joined: Thu May 16, 2013 1:26 pm
Contact:

https://soundcloud.com/matthew-trenhaile

Podcast can be a touch dry, but it does explain the PC 'problem'.
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LeTiss
Posts: 5386
Joined: Fri May 08, 2009 6:04 pm

megarain wrote:
Wed Nov 14, 2018 7:00 am
https://soundcloud.com/matthew-trenhaile

Podcast can be a touch dry, but it does explain the PC 'problem'.
That's quite a tough listen! - the guy has one of the most boring voices I've ever heard on a podcast
lmigueltavares
Posts: 13
Joined: Mon Aug 02, 2010 1:09 pm

They returned today to charge the premium charges :oops:
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PDC
Posts: 2272
Joined: Sun Jul 24, 2016 5:52 pm

megarain wrote:
Wed Nov 14, 2018 7:00 am
https://soundcloud.com/matthew-trenhaile

Podcast can be a touch dry, but it does explain the PC 'problem'.
Thank you for linking to that, I had never heard of that podcast. It was a long (I could have skipped the first 30 minutes or so as wasn't to do with the PC) but interesting listen that gave quite a different take on the PC to what I have heard before also interesting to hear about some of the names mentioned which starts to give you an idea of the size and scale of some of the market participants such as Zeljko Ranogajec. I read on 'the spookiest thing' thread a post by ShaunWhite that said Peter had recently said he had made more money than anyone else ever has on horse markets so I was surprised to not hear Peter mentioned at all in the podcast.
LinusP
Posts: 1871
Joined: Mon Jul 02, 2012 10:45 pm

PDC wrote:
Fri Nov 16, 2018 12:52 pm
megarain wrote:
Wed Nov 14, 2018 7:00 am
https://soundcloud.com/matthew-trenhaile

Podcast can be a touch dry, but it does explain the PC 'problem'.
Thank you for linking to that, I had never heard of that podcast. It was a long (I could have skipped the first 30 minutes or so as wasn't to do with the PC) but interesting listen that gave quite a different take on the PC to what I have heard before also interesting to hear about some of the names mentioned which starts to give you an idea of the size and scale of some of the market participants such as Zeljko Ranogajec. I read on 'the spookiest thing' thread a post by ShaunWhite that said Peter had recently said he had made more money than anyone else ever has on horse markets so I was surprised to not hear Peter mentioned at all in the podcast.
I think you misread.
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