Thread: Calling Chrome
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  #27  
Old 12th April 2012, 02:17 PM
norisk norisk is offline
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Join Date: Dec 2011
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Quote:
Originally Posted by Chrome Prince
How on earth is this sustainable for any Betfair user?
It simply isn't.
If one backs or lays more than one horse in a race, it becomes a massive hit.

I just did a realtime example @ 5% commission over a certain timespan.

Turnover $44,296.62
Profit $710.81
POT 1.60%
1.50% turnover tax -$664.45
Nett Profit $46.36
So POT drops to 0.10%
And if it goes to 2%, -$175.12, or LOT 0.39%

It cannot be successful.

So will they apply the levy to backers only, layers only, split between matched bets, or perish the thought.....both!!!!



Doesnt make for good reading...

Surely to be fair(ish) the 1.5% would be split between the matched bets? Although 0.75% still has a massive effect on your scenario Chrome Prince.

Guess we will find out soon enough
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