3rd April 2006, 04:21 PM
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Member
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Join Date: Jan 1970
Posts: 578
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Quote:
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Originally Posted by xptdriver
Hang on, yeah I know that... (re winnings) i am saying he is square, minus commission... on the lay bet. Now you are saying net commission is per race or per bet? I assume you mean per race.. If that is the case yep you are right.. I have had the odd trade there too over time.. gave it away when they flicked vic racing....
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XPT, you can have as many bets in the one race as you like - commission is based only on net profit - if for instance I win $200 on the 'back' side of the ledger but lose $150 on the 'lay' side of the ledger then commission is only paid of the $50 net winnings. Not sure how you can claim there is a liability for commission when it's a break even situation, there is simply no liability in such circumstances.
It would be the same if I Dutch booked, which I do with some success - the amount won on the winning bet would be offset by the amount lost on the losing bets re the commission paid. |