Betfair have scrapped the Premium Charge

[Euler]

I just captured my last ever screenshot.

[Leb]

It feels like far too little, far too late. The biggest problem in terms of liquidity is that there aren't many customers left. Compared to let's say 10 years ago, the drop is probably around 70% as Betfair has withdrawn from almost all the countries where it previously operated. It feels like things won't continue like this for many more years, and the exchange will end up being sold to the next experimenter.

[wearthefoxhat]

It feels like things won't continue like this for many more years, and the exchange will end up being sold to the next experimenter.

Reckon that's the way it'll go too. On balance, I see it more as a positive though.

[ForFolksSake]

It feels like things won't continue like this for many more years, and the exchange will end up being sold to the next experimenter.

Reckon that's the way it'll go too. On balance, I see it more as a positive though.

It feels like things won't continue like this for many more years, and the exchange will end up being sold to the next experimenter.

Reckon that's the way it'll go too. On balance, I see it more as a positive though.

I think it will last longer than the current Labour Government if that's any consolation

[wearthefoxhat]

It feels like things won't continue like this for many more years, and the exchange will end up being sold to the next experimenter.

Reckon that's the way it'll go too. On balance, I see it more as a positive though.

It feels like things won't continue like this for many more years, and the exchange will end up being sold to the next experimenter.

Reckon that's the way it'll go too. On balance, I see it more as a positive though.

I think it will last longer than the current Labour Government if that's any consolation

That accounts for the next 3 years at least.....

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[ShaunWhite]

Speaking of fees. It would be handy if this new "Expert Fee" page had a way to track your Turnover Charge, that's a SoB too.
And your MBR Discount rate to get it all in one place?

The UK team assumes we don't bet on Aus markets for some reason.

[Revenant]

Do you have a list of turnover charge courses Shaun? Been ages since I looked seriously at the AUs markets and I'd guess they've added loads of new courses since I started to bot them.

It's a pity they don't include an API indicator for them too (or do they?) I just avoided them completely on my bots as the 3% made trading them pointless, for me.

[Euler]

Anything in New South Wales

[ShaunWhite]

Do you have a list of turnover charge courses Shaun? Been ages since I looked seriously at the AUs markets and I'd guess they've added loads of new courses since I started to bot them.

It's a pity they don't include an API indicator for them too (or do they?) I just avoided them completely on my bots as the 3% made trading them pointless, for me.

I updated my list last night actually, i'll put it up later. The allowance dropping from 6k to 1k, the rate going from 2.5% to 3% and a MBR of 10% makes it mountain to climb. I'm just hoping for a bit more viability in case I did any accidentally. Hence updating the list. I do filter out anything with an MBR of 10% too but that's a bodge not a solution.

The danger of course is waking up to find you've done $20k in bets and owe 600 bucks, so it's a figure I think should be front and centre on your fees page even if it's zero, which is the number I want to see.

[Driftspite]

I am not sure how the AU turnover charge relates to UK Betfair. I make circa £100k p/a from AU horse racing. I have not been made aware of Turnover charge, and have not had the information to see if I am exposed:

[Driftspite]

(sorry posted before I finished writing the post).

From betfair AU:

WHO WILL PAY THE TURNOVER CHARGE?
For NSW Thoroughbred Racing;
This charge will only apply to customers who during a week (Monday to Sunday GMT time) meet all three of the below criteria:

have matched back bets on 1 or more NSW thoroughbred markets [Yes];
have matched back bets with an aggregate value of $1,000 or greater on NSW thoroughbred markets [Yes]; and
the total commission generated by the customer on NSW thoroughbred markets is less than 1.25% of the aggregate value of matched back bets placed by the customer on those markets.
Total commission generated is half of the commission paid plus half of the implied commission, calculated by the formula = (commission paid + implied commission) ÷ 2. More information here.

I think in the UK the reflect this in higher market base rate for AU as Ipswich (Queensland) I pay 3.65, whereas Tamworth (NSW) I pay 5.2%. (Yes the new implied commission will screw me over)

[ShaunWhite]

I think in the UK the reflect this in higher market base rate for AU as Ipswich (Queensland) I pay 3.65, whereas Tamworth (NSW) I pay 5.2%. (Yes the new implied commission will screw me over)

I've never seen anywhere it says that UK customers are exempt? But 10% MBR before discounts sure feels like it should be enough. Nothing I'd like more than to set Incl NSW = True.

[Revenant]

Do you have a list of turnover charge courses Shaun? Been ages since I looked seriously at the AUs markets and I'd guess they've added loads of new courses since I started to bot them.

It's a pity they don't include an API indicator for them too (or do they?) I just avoided them completely on my bots as the 3% made trading them pointless, for me.

I updated my list last night actually, i'll put it up later. The allowance dropping from 6k to 1k, the rate going from 2.5% to 3% and a MBR of 10% makes it mountain to climb. I'm just hoping for a bit more viability in case I did any accidentally. Hence updating the list. I do filter out anything with an MBR of 10% too but that's a bodge not a solution.

The danger of course is waking up to find you've done $20k in bets and owe 600 bucks, so it's a figure I think should be front and centre on your fees page even if it's zero, which is the number I want to see.

Thanks, this is the list I'd used previously, need to get back into the swing of things with the new expert fee as been in sleep mode for a while for various reasons. Probably well out of date and missing courses by now as put my efforts elsewhere. My bots were all trading rather than punting so the MBR's etc never made much difference cos most markets in profit, turnover was a killer for trading though as you'd easily pay more in turnover than the actual profits when churning through low priced runners.

Albury (AUS)
Armidale (AUS)
Ballina (AUS)
Bankstown (AUS)
Bathurst (AUS)
Blayney (AUS)
Bowraville (AUS)
Broken Hill (AUS)
Bulli (AUS)
Canberra (AUS)
Canterbury (AUS)
Casino (AUS)
Cessnock (AUS)
Coffs Harbour (AUS)
Coolamon (AUS)
Coonabarabran (AUS)
Coonamble (AUS)
Cootamundra (AUS)
Corowa (AUS)
Cowra (AUS)
Dubbo (AUS)
Eugowra (AUS)
Fairfield (AUS)
Forbes (AUS)
Gilgandra (AUS)
Glen Innes (AUS)
Gosford (AUS)
Goulburn (AUS)
Grafton (AUS)
Griffith (AUS)
Gundagai (AUS)
Gunnedah (AUS)
Hawkesbury (AUS)
Inverell (AUS)
Junee (AUS)
Kembla Grange (AUS)
Kempsey (AUS)
Leeton (AUS)
Lismore (AUS)
Maitland (AUS)
Menangle (AUS)
Moree (AUS)
Moruya (AUS)
Mudgee (AUS)
Murwillumbah (AUS)
Muswellbrook (AUS)
Narrabri (AUS)
Narrandera (AUS)
Narromine (AUS)
Newcastle (AUS)
Nowra (AUS)
Orange (AUS)
Parkes (AUS)
Peak Hill (AUS)
Penrith (AUS)
Port Macquarie (AUS)
Queanbeyan (AUS)
Quirindi (AUS)
Randwick (AUS)
Rosehill (AUS)
Sapphire Coast (AUS)
Scone (AUS)
Tamworth (AUS)
Taree (AUS)
Temora (AUS)
Tumut (AUS)
Tuncurry (AUS)
Wagga (AUS)
Walcha (AUS)
Warren (AUS)
Warwick Farm (AUS)
Wellington (AUS)
Wentworth Park (AUS)
West Wyalong (AUS)
Wyong (AUS)

[ShaunWhite]

My bots were all trading rather than punting so the MBR's etc never made much difference cos most markets in profit

10% makes a difference however you slice it.

That list tallys with mine, unless there's a civil war and they move the state boundaries I think we're alright.

[Revenant]

Thanks, maybe I'll take another look at the AUS markets. I was on the 40% and trading so never really cared too much about the base rates as it always seemed a case of giving with one hand and taking with the other with BF.

Can't say I'm a fan of the new expert fee page either.