I've searched here, google and Betfair for a definitive answers to see if I will be charged for going over 1000 in an hour but get conflicting answers
Someone on the Betfair forum said you don't get charged the provided a link to the T&Cs but that says:
So far I've been limited the bot to about half the time it should be active (5 minutes from start until 2.20) but this is probably throwing the results out because it's not working in the time range it is supposed to (5 minutes out until 20 seconds)Transaction Charges
This section only applies to the Betfair Exchange.
In addition to any commission payments, Betfair customers will be charged a transaction fee if they process a large number of transactions on either the main Betting Exchange or on Exchange Games.
NB - Transaction Charges only apply to customers placing or editing more than 1000 bets an hour (although in the case of Exchange Games, the editing of bets is not included). The number of bets placed across the Betting Exchange and Exchange Games are calculated separately for the purposes of calculating any Transaction Charges payable. So, for example, if within the same hour you placed 800 bets on the Betting Exchange and 700 bets on Exchange Games, no Transaction Charges would be payable in respect of any of those bets.
At the end of every day, we add up all the bets you placed or edited (whether matched, cancelled or lapsed). If this number is in excess of 1000 in any hour of the day then:
for customers placing bets through the Application Programmers Interface (API) on the Betting Exchange or for customers placing bets either through the API or on the website on Exchange Games, we will multiply this number by 1p; and
for website customers on the Betting Exchange, we will multiply this number by 2p.
For the purpose of Transaction Charges, bets on financial markets will count as 0.25 of a bet. This will form the basis of the transaction fee, but we will offset this fee against the following amount:
Any help would be appreciated