Premium charge

[Bonnie]

Could someone do a rough calculation for me regarding PC - I'm having a bit of a brain freeze at the moment.

Example:
Week 1 : Net winnings +1000.00 PC 185.00 approx.
Week 2: Net winnings + 500.00 PC 93.00 approx.
Week 3: Net losses -2500.00 PC 00.00
Week 4: Net winnings +1500.00 PC ? approx.

Thanks

[Derek27]

Not enough information Bonnie, PC is dependant on your lifetime charges and last week's commission paid. The calculator below might help (I created it with a very old version of Excel).

viewtopic.php?p=142786#p142786

Edit: In your example above, assuming you generated £15 commission first week and £7 comm. second week (which is very low but equates to the PC amounts), the £2.5K loss would result in a £500 PC deficit. In other words, you're excused of the next £500 PC you would have been charged if you didn't have a losing week, resulting in nothing being paid the forth week.

[spreadbetting]

Could someone do a rough calculation for me regarding PC - I'm having a bit of a brain freeze at the moment.

Example:
Week 1 : Net winnings +1000.00 PC 185.00 approx.
Week 2: Net winnings + 500.00 PC 93.00 approx.
Week 3: Net losses -2500.00 PC 00.00
Week 4: Net winnings +1500.00 PC ? approx.

Thanks

Week 4 will be nil as you still need to absorb the -2500 loss before you'll be charged again

[Bonnie]

Thanks guys, thats what I thought.