Australian racing

[Naffman]

Not seen an update on the Betfair site yet but if this is the case..Rosehill,Randwick game set and match for me

I guess PVL forces BF's hand by continuing to raise the taxes, problem for BF Aus. is other states are starting to raise it too

[Naffman]

Seen Canberra is now 10% commission too, I do wonder when all of Aus will be 10% or TC

[ShaunWhite]

Seen Canberra is now 10% commission too, I do wonder when all of Aus will be 10% or TC

They need a Gordon Brown. When you think back to the days when we only had betting shops and 9% tax it makes you wonder how we made a buck.

http://news.bbc.co.uk/sport1/hi/front_p ... 20scrapped.

[Derek27]

Does the $1000 limit only apply to Australian customers? I haven't heard from Betfair over hear?

[Bog]

Seen Canberra is now 10% commission too, I do wonder when all of Aus will be 10% or TC

This is new! I traded Canberra and didn't look because I knew it wasn't on 'Turnover Charge territory'
It's just 10% or it's included in TO markets? If it's included, I may pay some money back for last week

Does the $1000 limit only apply to Australian customers? I haven't heard from Betfair over hear?

Any news on this, Derek?

I think I found something. So it's game over for me with NSW markets, if the new rule with AUS $1,000 allowance is true for all customers
https://www.betfair.com.au/hub/help/acc ... er-charge/

Not seen an update on the Betfair site yet but if this is the case..Rosehill,Randwick game set and match for me

Cheers, Mcgoo, for notifying us.

[Dim]

thank for the update on the new rules on NSW markets . No email on them from BF in my box.

[Anbell]

This is only if your comm/turnover is < 1.25%

[Bog]

This is only if your comm/turnover is < 1.25%

It sounds so easy...

[Naffman]

Seen Canberra is now 10% commission too, I do wonder when all of Aus will be 10% or TC

This is new! I traded Canberra and didn't look because I knew it wasn't on 'Turnover Charge territory'
It's just 10% or it's included in TO markets? If it's included, I may pay some money back for last week

Just 10% commission no TC I believe

[Derek27]

Does the $1000 limit only apply to Australian customers? I haven't heard from Betfair over hear?

Any news on this, Derek?

No, I still haven't heard anything from Betfair but I didn't trade NSW last week. They have a habit of changing the rules without telling you.

[Derek27]

Not seen an update on the Betfair site yet but if this is the case..Rosehill,Randwick game set and match for me

Thanks for the warning McGoo. I've just checked and Bumfair's updated their terms & conditions to $1000. I would have been badly stung if you hadn't alerted me.

[sa7med]

Thanks for suggesting I post here Dallas. Are NSW harness tracks now included in the turnover charge markets?

[Derek27]

Thanks for suggesting I post here Dallas. Are NSW harness tracks now included in the turnover charge markets?

I haven't read this but it may contain your answer.

https://www.betfair.com.au/hub/nsw-harn ... er-charge/

[JCB]

Several of the larger AU bookmakers are currently advocating on behalf of Betfair for a change in the exchange taxation model. They recognise how important it is for Betfair to thrive but the way things are going, BFAU is going to be all but dead soon. They can't absorb any more of the fees, traders are being driven out of the markets (as evidenced by several posts here) and punters will shop elsewhere as BO4 is now a superior product in most cases.

Sad state of affairs.

[Euler]

Apart from NSW tracks, Betfair is still growing in Australia and on a Saturday often posts more matched turnover than a lot of UK racing.

The Group 1 at Flemington matched £803k this morning.

If Aussie bookmakers try and shut out the exchange they are stupid. It's one of few ways that people in the UK and ROW can bet on Aussie racing. It's incremental revenue.