PC - Going from 50% to 40%

[JohnT]

Derek27 "other charges" never changes--yours will always be 0


To calculate buffer you can divide total charges by 0.4 and subtract gross profit.

That calculation works out to a really big number (which i know can't be right).

So I thought maybe it's because total charges still shows 50.09%. So I divided total charges by 50.09 and multiplied by 40.00 first, but that works out to -£20 (which can't be right either).

Although already used in Total charges, I'm wondering if Other Charges has some kind of role... it's baffling...

I'll post again when Betfair have responded.

For example if you've been on 50%.
Gross profit £500K
Total charges £250K

£250K divided by 0.4 = £625K.

You're able to win £125K plus all the commision generated in wimning that amount.

[Derek27]

Derek27 "other charges" never changes--yours will always be 0


To calculate buffer you can divide total charges by 0.4 and subtract gross profit.

That calculation works out to a really big number (which i know can't be right).

So I thought maybe it's because total charges still shows 50.09%. So I divided total charges by 50.09 and multiplied by 40.00 first, but that works out to -£20 (which can't be right either).

Although already used in Total charges, I'm wondering if Other Charges has some kind of role... it's baffling...

I'll post again when Betfair have responded.

For example if you've been on 50%.
Gross profit £500K
Total charges £250K

£250K divided by 0.4 = £625K.

You're able to win £125K plus all the commision generated in wimning that amount.

I'm with you now. I mistook total charges for gross profit.

[tees]

So I got a partial response from Betfair over a week later after using their messenger service. My PC portal page will reflect 40% from next week. However, I didn't get a response on how to work out the offset/buffer amount, so I've asked this question again via their messenger service.

[Derek27]

So I got a partial response from Betfair over a week later after using their messenger service. My PC portal page will reflect 40% from next week. However, I didn't get a response on how to work out the offset/buffer amount, so I've asked this question again via their messenger service.

When I inquired about my PC portal when getting a new account the woman on rhe chat facility never even heard of it!

[gazuty]

When I inquired about my PC portal when getting a new account the woman on rhe chat facility never even heard of it!

Paid by 0.1% of customers and known by 0.1% of customer service staff

[tees]

I never did get a response back from Betfair on how to work out the 'buffer'.

However, I did finally manage to work it out. It can never be an exact amount, as the goal posts move depending on the results of your future trading/betting.

From your PC portal page, let's say your details have just been updated, and you have gone from 50% to 40% and it shows the following new figures:

Your Gross profit & loss = 500,000
Your Total charges = 210,000

210,000/500,000 = 42%

You have 'paid' 2% more than the 40%. So:

210,000/40% = 525,000

And the difference is the 'buffer':

525,000-500,000 = 25,000

Ta da!

Of course, as mentioned above - goal posts - this is will never be an exact amount but it serves as a useful guide.

Hope it makes sense!?