Today's Horse Racing
At least nobody needs to post their P/L on here anymore - you can work it out just by reading their posts!cappy77 wrote: ↑Fri Nov 09, 2018 12:24 pmI dont have the time and nor do I want to take this thread off course by replying to all your messages but I do understand exactly how PC works and is calculated, and from the replys posted yesterday by some of the pro's on here my view they had the same train of thought were also right.Derek27 wrote: ↑Thu Nov 08, 2018 3:25 pmYou're just demonstrating how little you know about the premium charge cappy. PC isn't based on how much you win but your profit/loss ratio. Basically, if you lose less then £75 for every £100 you win (depending on discount rate) you become liable to pay it once your £1000 allowance is used up regardless of how much you trade.cappy77 wrote: ↑Thu Nov 08, 2018 11:52 am
Sorry i might have misread yourt reply slightly and im sorry to appear negative in one of my first posts but as a long time lurker on here I really enjoy reading 90% of the posts each day but seeing Derek continually post about his premium charge for the umteenth time in the last few weeks and in between how he trades illiquid markets with small stakes doesn't add up to me.
I guess if it makes him feel better to pretend to be a PC payer thats up to him, im sure im not the only one to see through him and expect the real racing pros who frequent the forum daily and keep track of most comments could certainly tell he's not in the pc catagory.
Anyway now i've joined up i hope to get involved with some more postive posts and discussion with members of the forum in the coming weeks
Every £100 that you lose on Betfair through arbing means you're about £20 better off if you're a 20% payer, and betting is all about maximising profits.
I'm sorry if I sound boastful by talking about PC but I just assumed many traders on here are paying it (some are even paying 40, 50 & 60%) and it's very much the norm.
Anyway, welcome to the forum cappy. I'm honoured that your first post is about me.
I'd like to get on with some afternoon trading now and something more productive so this will be my final word on the matter
I'd suggest you start speaking for yourself - LeTiss already had to correct your interpretation of his post so I suspect you're just seeing what you want to see.
Air ambulance to land for the jockey with lower back and pelvis injuries
Fingers crossed for him.