30th September 2008, 03:22 PM
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Member
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Join Date: Apr 2006
Posts: 368
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Quote:
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Originally Posted by jfc
Actually Betfair are not saying anything remotely like your claim.
You apparently have missed the part where Betfair reveal what covering the cost really means.
Now if you study the situation there is no valid reason to suggest that Trader B costs Betfair more than Punter A.
Loser C who very rarely gets a bet matched but wastes tons of resources might actually cost much more.
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Quote from the link you posted in your first Post
"The Premium Charge will only apply to customers who pay us less in commission than it costs for us to service them. The reason they do is because a) many of them use the Betfair infrastructure extensively, or b) they drain liquidity from the exchange by withdrawing their winnings faster than new funds are added back by other existing or new Betfair customers, or c) both of the above. Overall, these customers are a cost to Betfair, which means ultimately that they are a cost to the entirety of our customer base."
Trader A and B cost the same, 100 bets each. Trader A pays $600 commission betfair happy. Trader B uses same amount of resources pays only $100 commission.
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