
12th April 2012, 02:17 PM
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Member
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Join Date: Dec 2011
Posts: 334
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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!!!!
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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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