Fixed rate / premium charge
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Is it a complete replacement for the Premium charge or do they still calculate any possible charges weekly and you pay if any are due.
I was just typing that question as you posted.spreadbetting wrote: ↑Tue Dec 29, 2020 6:08 pmIs it a complete replacement for the Premium charge or do they still calculate any possible charges weekly and you pay if any are due.
So, if you traded just one market and made £1K. PC with 2% commission would be £980 profit, less PC of £200 - (£20 / 2) leaving you with £790.
At 17% commission your profit is £830. What happens next TisTheOne?
If they still apply PC they surely wouldn't credit you for generating only half of the 17%: £200 - (£170 / 2) leaving you with £715 ?
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- Posts: 3140
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Yep be interesting to know if you do avoid the PC calculations with a fixed rate. Whenever I've done their Premium Deals they've always gone thru the PC calculation at the end of it and PC charged, maybe at a more favourable rate for whatever reason/s but still calculated and charged.
For a period I was satisfied and consoled myself with this explanation.
But now I wonder, if my spouse and adult children developed an interest in exchanges and opened their own accounts would I sooner (probably) or later receive an email congratulating the enthusiasm of my family and very much welcoming them but also noting that all our accounts had been combined for PC calculation purposes?
Maybe I just read the blog again and be consoled. First world problem.
Somebody on this forum checked with Betfair if it's okay for his wife to have her own account in the same household and they said it's fine. The problem is, if somebody trains their partner to trade and they trade in the same style, I wonder if that would fall foul of their PC avoidance algorithm?gazuty wrote: ↑Wed Jan 20, 2021 12:57 amFor a period I was satisfied and consoled myself with this explanation.
But now I wonder, if my spouse and adult children developed an interest in exchanges and opened their own accounts would I sooner (probably) or later receive an email congratulating the enthusiasm of my family and very much welcoming them but also noting that all our accounts had been combined for PC calculation purposes?
Maybe I just read the blog again and be consoled. First world problem.
Ok let’s leave my wife out of it for the moment. My adult children are genetically predisposed to developing remarkably similar automations.Derek27 wrote: ↑Wed Jan 20, 2021 1:20 amSomebody on this forum checked with Betfair if it's okay for his wife to have her own account in the same household and they said it's fine. The problem is, if somebody trains their partner to trade and they trade in the same style, I wonder if that would fall foul of their PC avoidance algorithm?