24th November 2009, 11:25 PM
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Member
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Join Date: Jan 1970
Posts: 4,426
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How's Betdaq's liquidity these days?
I must confess, I've never been hit with the Premium Charge.
Although I make a profit, I pay commission on every part of every little win, not just the longterm win, whereas many pay little commission on little wins so pay Premium Charge on top.
a) scenario one
Turnover $10,000 and make $2,000 profit.
Pay 5% plus premium charge on $2,000 profit because there are hardly any losses.
b) scenario two
Turnover $10,000 and make $2,000 profit.
Pay 5% with no premium charge because I've been paying 5% on every winning bet that has to counter losing bets.
Basically they slug all traders and "book" makers, they also slug bookmakers for laying off.
If I were to ever pay premium charge, I'd ditch them, however, it's unlikely.
My approach is to play bookmaker so I don't pay any extra "tax".
I ensure my book is unbalanced but in my favour longterm, if that makes sense.
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