Account suspended for premium charge avoidance

[Rush1980]

Rush1980 - you said in November you received an email from Betfair Pricing - so this was in 2010 obviously? Before the new Premium Charge. So your case is slightly different to the other two recent cases that have been posted about as they have happened since the latest Premium Charge changes.

You must have had some seriously good system/method to have gone from being new to Betfair and joining in June 2010 at the earliest to stopping in October 2010 (5 months at most) and then being liable for 53,500 Euro in Premium Charge under Premium Charge 2 when it was just 20%, that is a gross profit of over 250,000 Euro averaging 50,000 Euro a month from start to finish.

All of the above is of course perfectly possible, just a few things seem a little odd to me but I hope you get your case sorted out and I would pursue them legally as if you win I suspect as would be the case in the UK you could reclaim all your legal expenses from Betfair. So if you are telling the truth you would have nothing to lose and everything to gain.

Finally with those kind of winnings, fancy lending me your system for a few months

My account was suspended in November 2010.
Betfair has accused me, Betfair has judged me, Betfair has removed from my account 30,500 and betfair invited me to pay another 23,000 euros.

Betfair said that I, with others, I have acted in collusion in order to avoid the payment of the premium charge (the first premium charge, the one with fees of less than 20% of gross profit).

The system was not good, the system is exceptional.
It took me about 6 months to learn, I paid 15,000 euros in advance to the teacher, I paid a lot of money to buy "technology" required for the activity.
I risked a lot. My time... my money...
I could be with a system that did not make me earn money.

I began the business in June 2010.
I made a deposit about 10,000 euros an I worked until August 2010, all days (12 hours a day).
I made about 100,000 euro. Not bad
It was incredible, very exciting, very tiring but also very very stressful.
Then I had big health problems (stress?)that I have not completely solved even today, and I sospended the business.
On 9 th November I received the first email from Betfair.
I was not working on Betfair by more than three months due to my disease.(Do you believe that a cheat leave more 30,000 euros in his account? )
This is a proof that shows my absolute good faith.

After about 20 days Betfair sent me a second email:

Money confiscated, a request to pay other 23,000 euros!!

My operation has been wrongly associated to operations of other people.
Of these people I only know my teacher, other people do not know who they are.
my teacher only taught me the theory.

[Iron]

Hi Rush1980

I realise you can't go into any details, but out of interest, were you using a backing or laying system, or a trading method?

Jeff

[Rush1980]

Hi Rush1980

I realise you can't go into any details, but out of interest, were you using a backing or laying system, or a trading method?

Jeff

Hi Jeff,
Backing, laying and trading method.
The system is synergistic, its essence based on odds fluctuations

[Iron]

Thanks

Do you know whether anyone else taught by the guy who taught you has also had problems with Betfair?

Jeff

Hi Jeff,
Backing, laying and trading method.
The system is synergistic, its essence based on odds fluctuations

[Euler]

My wife had problems after I oversaw her trading!

[Zenyatta]

This is madness on the part of Betfair, just retarded. The huge negative PR and opening themselves to be sued, these premium charge rules are just vague and completely impossible to enforce (without shutting everyone down).

Surely now we should all move to betdaq, it's the only rational course of action?

[Euler]

If Betfair are going to link accounts by activity then they should really come out and say that and put it in their terms and conditions. They will almost certainly be challenged on this activity given the sums of money involved and the fact it is not in their t&c's.

[Iron]

I am dubious about whether Betfair employ people who are so good at interpreting betting patterns of top traders and gamblers that they can tell when two people are using the same method.

If they do, Betfair's security team must have a high staff turnover, as people who know how the top guys work their magic aren't going to remain in a 9-5 job for long...

Jeff

[to75ne]

if i understand correctly, by some spurious similarity between various accounts i assume trading style for instance, they are deciding that the accounts are linked in some way, and therefore avoiding pc and or super tax.

if this is the case, what is to stop them linking accounts to people that they assume have attended one of those courses run by a certain noddy for centaur i believe on betunfairs behalf.

surely they would know who attended the courses, and the content etc. if two or more people who became good enough to start incurring pc, using techniques they learned on said course, would have their accounts linked,and be assumed to be avoiding pc etc.

or have i got it wrong?

[Iron]

It is worrying.

There are only so many ways to trade and gamble, and I imagine very few people have a style that's so unique that Betfair can't say it's very similar to someone else's methodology...

Jeff

[Innertube]

if this is the case, what is to stop them linking accounts to people that they assume have attended one of those courses run by a certain noddy for centaur i believe on betunfairs behalf.

Both the tutor and student would have to make money for that to happen. So I doubt there is even half a chance here on that basis.

[to75ne]

Both the tutor and student would have to make money for that to happen. So I doubt there is even half a chance here on that basis.

having re read is would seem rather far fetched that the idiot could make money let alone pay pc.

[Rush1980]

Thanks
Do you know whether anyone else taught by the guy who taught you has also had problems with Betfair?
Jeff

Hi,
Betfair, in his second email, he communicated to me the usernames (which associated to my state).
Among those mentioned, I have found my teacher (the username is very similar at his name).
The others did not know them, I do not know to whom they belong.
The two cases are:
1 - other "students" of my teacher and so in this case there will be quite different activities but identical strategies.
I do this example:
if my Spanish teacher uses particular words or phrases, I, of course, they learn.
If Iuse them to write a composition or an article do I copied from my teacher, perhaps?

2 - Betfair has made a mistake and has associated similar strategies.

In both cases Betfair was wrong.
Betfair confuses theory with practice.
Betfair confuses theoretical strategy with concrete activity.
Betfair, in its terms and conditions, is vague, ambiguous.
Betfair can not simplify more advanced concepts as theory, strategy, operativity and activity.
The most worrying thing is that they have not asked anything of me.
I could not explain my reasons.
Betfair has an attitude despotic.
I asked "if you have proofs, please show me."
Nothing!

[to75ne]

rush 1980.
in short,

you attended a course or received tuition of some sort (i presume paid for).

now betunfair are linking accounts of people who attended the same/similar courses and the instructors/teachers account?

[andyfuller]

Cheers for the replies Rush1980. As I said before I am not saying you are not telling the truth just trying to understand a bit more about the situation.

What I don't really get is what Betfair are accusing you off, yes Premium Charge avoidance but surely you were paying the 20% PC anyway?

If all the linked accounts were trading the same way there wouldn't be any anything to be gained would there by linking the accounts as the combined would be equal to each of the individuals in terms of the 20% PC?

I am struggling to get my head around what they think you were doing to avoid the 20% PC as I would suspect you would have already been paying that, were you?