I dream of ever having to be concerned about the Betfair premium charge, but since I happened to be reading about it this week, and saw this statement that says you will only be considered for the PC if "You bet in more than 250 markets" , then what exactly is a market ?
The reason I ask, is because despite only betting on horses, I see in my Betfair P&L from yesterday, the following - "Showing 1 - 16 of 16 markets". This was of course after trading in 16 different races.
Does every single horse race constitute a unique market ? If yes, then how can anyone ever really be under 250 ?
Beginner Question - What exactly is a Betfair "Market" ?
Yes a market is each individual horse race or event. In football the match odds is a market, Over/Under 2.5 goals is a market and Over/Under 3.5 goals is another market and so on.
That particular part is to try and give the occasional big gambler a bit of breathing space otherwise a big win and they could be in PC territory very quickly then likely not to bother to bet again. By allowing the first 250 markets betfair must feel they have more chance of keeping them hooked when they do start charging them PC.
That particular part is to try and give the occasional big gambler a bit of breathing space otherwise a big win and they could be in PC territory very quickly then likely not to bother to bet again. By allowing the first 250 markets betfair must feel they have more chance of keeping them hooked when they do start charging them PC.