I believe people who haven't yet been charged PC don't have access to their PC page. I've even heard of people who used to pay it but no longer do have their page removed.LinusP wrote: ↑Wed Oct 02, 2019 5:28 pmThis is the link not sure if you need permission
https://myaccount.betfair.com/activity/premium-charges
New Betfair Plan
- ShaunWhite
- Posts: 9731
- Joined: Sat Sep 03, 2016 3:42 am
That's right, but like I said by the time you can see it it's too late. If you plan ahead the only one you need to worry about is the 250k+ higher rate. Unless I'm misunderstanding the rules, std PC is avoidable.Derek27 wrote: ↑Wed Oct 02, 2019 7:27 pmI believe people who haven't yet been charged PC don't have access to their PC page. I've even heard of people who used to pay it but no longer do have their page removed.LinusP wrote: ↑Wed Oct 02, 2019 5:28 pmThis is the link not sure if you need permission
https://myaccount.betfair.com/activity/premium-charges
Hi all,
New user here and very confused with what to do with these new commission rates..
In Particular with ref to PC
Lifetime commission generated to gross profits ratio Applicable Premium Charge Rate
< 5% 60%
5% - 10% 50%
10%+ 40%
Is commission different to total charges? (ie commission plus PC?
New user here and very confused with what to do with these new commission rates..
In Particular with ref to PC
Lifetime commission generated to gross profits ratio Applicable Premium Charge Rate
< 5% 60%
5% - 10% 50%
10%+ 40%
Is commission different to total charges? (ie commission plus PC?
Hi all,
When we talk about commission (with regard to moving up to the 40% bracket) here -
The Premium Charge rate applied to each customer that satisfies these conditions is dependent on their lifetime commission generated to gross profits ratio. The exact rate will be determined by the following table:
Lifetime commission generated to gross profits ratio Applicable Premium Charge Rate
< 5% 60%
5% - 10% 50%
10%+ 40%
Are we talking about purely commission
or commission plus pc ( ie the premium charge paid at 20%)
When we talk about commission (with regard to moving up to the 40% bracket) here -
The Premium Charge rate applied to each customer that satisfies these conditions is dependent on their lifetime commission generated to gross profits ratio. The exact rate will be determined by the following table:
Lifetime commission generated to gross profits ratio Applicable Premium Charge Rate
< 5% 60%
5% - 10% 50%
10%+ 40%
Are we talking about purely commission
or commission plus pc ( ie the premium charge paid at 20%)
That sounds smort Shaun but I'm not one for planning ahead too much, things kind of sort of always seem to somehow work out I've ditched the worrying strategy in general after realizing it only had about 1% hitrate Inb4 somebody posts "If you fail to plan, you are planning to fail!” as a counterargument.ShaunWhite wrote: ↑Wed Oct 02, 2019 6:57 pmYou need to know your rate long before getting hit with PC. It's a figure that should be available to anyone anytime especially with it being so important. Truth is they benefit from making it hard to find so keeping your own records is important and it keeps them honest.
- jamesedwards
- Posts: 2324
- Joined: Wed Nov 21, 2018 6:16 pm
I dont know what the criteria is but I had access to my PC page several months before I qualified.Derek27 wrote: ↑Wed Oct 02, 2019 7:27 pmI believe people who haven't yet been charged PC don't have access to their PC page. I've even heard of people who used to pay it but no longer do have their page removed.LinusP wrote: ↑Wed Oct 02, 2019 5:28 pmThis is the link not sure if you need permission
https://myaccount.betfair.com/activity/premium-charges
- jamesedwards
- Posts: 2324
- Joined: Wed Nov 21, 2018 6:16 pm
Hi Derek, I have been told that for the PC commission calculation it takes 50% of your commission paid on winnings and adds this to 50% of implied commission on losses. If I have been informed correctly (and my PC page would back up that I have), then your spreadsheet doesn't take this into account?Derek27 wrote: ↑Wed Oct 02, 2019 1:56 amHere's a little spreadsheet - you'll find you're better off on 2% because you only acutally get credited for half the commission you pay. Annoyingly, the guy who lost the money gets credited for the other half.
Bear in mind that if this plan comes to an end and you switch back to the standard 5%, your points and commission discount will have slipped away.
That's not quite correct. It only takes into account implied commission.jameegray1 wrote: ↑Tue Oct 22, 2019 10:51 pmHi Derek, I have been told that for the PC commission calculation it takes 50% of your commission paid on winnings and adds this to 50% of implied commission on losses. If I have been informed correctly (and my PC page would back up that I have), then your spreadsheet doesn't take this into account?Derek27 wrote: ↑Wed Oct 02, 2019 1:56 amHere's a little spreadsheet - you'll find you're better off on 2% because you only acutally get credited for half the commission you pay. Annoyingly, the guy who lost the money gets credited for the other half.
Bear in mind that if this plan comes to an end and you switch back to the standard 5%, your points and commission discount will have slipped away.
Implied commission = (commission paid + 3% of losses) / 2.
- jamesedwards
- Posts: 2324
- Joined: Wed Nov 21, 2018 6:16 pm
So does that mean the spreadsheet isn't correct? Does the PC calculation use implied commission or actual commission?Derek27 wrote: ↑Wed Oct 23, 2019 12:02 amThat's not quite correct. It only takes into account implied commission.jameegray1 wrote: ↑Tue Oct 22, 2019 10:51 pmHi Derek, I have been told that for the PC commission calculation it takes 50% of your commission paid on winnings and adds this to 50% of implied commission on losses. If I have been informed correctly (and my PC page would back up that I have), then your spreadsheet doesn't take this into account?Derek27 wrote: ↑Wed Oct 02, 2019 1:56 am
Here's a little spreadsheet - you'll find you're better off on 2% because you only acutally get credited for half the commission you pay. Annoyingly, the guy who lost the money gets credited for the other half.
Bear in mind that if this plan comes to an end and you switch back to the standard 5%, your points and commission discount will have slipped away.
Implied commission = (commission paid + 3% of losses) / 2.
- jamesedwards
- Posts: 2324
- Joined: Wed Nov 21, 2018 6:16 pm
Thanks. Sorry, I was looking at the commission cell rather than the PC cell so I didnt see the applied comm calculation.
- jamesedwards
- Posts: 2324
- Joined: Wed Nov 21, 2018 6:16 pm
Thanks so much for the spreadsheet and advice. I've just started to pay 20% PC and based on my projected P&L going forwards my options are:
1) Continue on 2% commission but by the time I get to £250k net profit I will be on 4.1% and therefore stuck in the 60% bracket.
2) Move back to 5% commission (costing me £40 per week) and be on 5.7% and therefore 50% bracket.
3) Move up to 8% commission (costing me £80 per week) and be on 7.4% and therefore 50% bracket.
Anyone have any views or advice to share based on these options please?
1) Continue on 2% commission but by the time I get to £250k net profit I will be on 4.1% and therefore stuck in the 60% bracket.
2) Move back to 5% commission (costing me £40 per week) and be on 5.7% and therefore 50% bracket.
3) Move up to 8% commission (costing me £80 per week) and be on 7.4% and therefore 50% bracket.
Anyone have any views or advice to share based on these options please?