3rd April 2006, 05:46 PM
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Member
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Join Date: Jan 1970
Location: Port Macquarie
Posts: 1,694
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Quote:
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Originally Posted by La Mer
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.
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No thats not what I said... I did not say there was a commission owed on break even (overall).... looking at the 2 bets as one trade, as it appears is the case. I made the mistake of treating each bet as an individual thats where the 50c commission came into it... As i said earlier you are right in that instance...
I admiited I was wrong.... take the victory
I said in first post that I could be wrong... |