OZmium Sports Betting and Horse Racing Forums - LAY Betting Percentage Return

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- - LAY Betting Percentage Return (http://forums.ozmium.com.au/showthread.php?t=22224)

Is anybody here paying the Premium charge?

I qualify for the premium charge other than the fact that I'm already paying close to 50% in commission now! Anybody here actually paying the charge or been threatened with it?

Quote:

Originally Posted by Mark

If you're making 2.46% after calculating this way start jumping up and down and cheering.

3.06% after Betfair tax.

Quote:

Originally Posted by Shaun

Mark, so you base your POT on your hold and not your liabilities

Yep. POT......Profit on Turnover.

Quote:

Originally Posted by AngryPixie

I qualify for the premium charge other than the fact that I'm already paying close to 50% in commission now! Anybody here actually paying the charge or been threatened with it?

Pixie, email me punt mark at hotmail dot com

Quote:

Originally Posted by Chrome Prince

Betfair are simply digging their own grave.
The market is plum for a competitor to come in with something too good to refuse.
Liquidity is the only thing saving them at this point, once liquidity starts to dwindle and similar products offered elsewhere, Betfair will be history.

It's a very sad fact, that something that started so well, had so much potential and revolutionised gambling for the punter, is now facing an agonising death due to greed.

And after they paved the way with High Court challenges, faced so much adversity and became a recognised betting medium, what a waste of a good idea due to the "accountants".

The only problem for us Aussie punters is that other exchanges aren't allowed to operate on the Oz racing. I think Betdaq tried but had to shut the Oz racing down as they are not licensed here.

Quote:

Originally Posted by Chrome Prince

Your real liability is not $30 if laying the field

Yes, you're right there Chrome. You're mind was obviously clearer than mine at that time of night.