40% v 20% on Expert Fee

[buyshirts]

Thanks Naffman

It does seem we come from a similar prespective not surely that being similar to me in anyway is where you want to be!
But im sure you get my point.

Good luck to us!

[jamesedwards]

If I understood right only the last 52 weeks should matter even if let’s say the account is on a life time loss? Is that correct?

That's my take on it too. Which can only mean that the huge buffer is an error. Unless someone else can enlighten us what might have caused this?

[tryingtotrade]

Let’s see if have to start paying think will cross the 100k 52 weeks

[jamesedwards]

Let’s see if have to start paying think will cross the 100k 52 weeks

You should already be paying 20% for being above £25k.

Please let us know what happens. I'm intrigued!

[JohnT]

The buffer is from the last time you pay the expert fee.
Otherwise they'd be charging someone who's 50K up after losing 100K the previous year.

[jamesedwards]

The buffer is from the last time you pay the expert fee.
Otherwise they'd be charging someone who's 50K up after losing 100K the previous year.

But I thought the Expert Fee was purely based on the previous 52 active weeks. I thought any profit or loss from before this period is discounted. And this poster is +£97k the last 52 active weeks. What am I missing?

[JohnT]

The buffer is from the last time you pay the expert fee.
Otherwise they'd be charging someone who's 50K up after losing 100K the previous year.

But I thought the Expert Fee was purely based on the previous 52 active weeks. I thought any profit or loss from before this period is discounted. And this poster is +£97k the last 52 active weeks. What am I missing?
[/quot

The gross profit and commission figures are 52 week but not the buffer.

One way this poster could have this buffer.

Won 1.6 million and then lost 500,000 before now starting to win again.

If on 25K band Buffer is (5 times commission generated ) minus (gross profit)
all going back to the last time you paid PC or expert fee.



Could just be a mistake.

[jamesedwards]

The buffer is from the last time you pay the expert fee.
Otherwise they'd be charging someone who's 50K up after losing 100K the previous year.

But I thought the Expert Fee was purely based on the previous 52 active weeks. I thought any profit or loss from before this period is discounted. And this poster is +£97k the last 52 active weeks. What am I missing?

The gross profit and commission figures are 52 week but not the buffer.

One way this poster could have this buffer.

Won 1.6 million and then lost 500,000 before now starting to win again.

If on 25K band Buffer is (5 times commission generated ) minus (gross profit)
all going back to the last time you paid PC or expert fee.



Could just be a mistake.

Thanks for the info.

[tryingtotrade]

The gross profit and commission figures are 52 week but not the buffer.

One way this poster could have this buffer.

Won 1.6 million and then lost 500,000 before now starting to win again.

If on 25K band Buffer is (5 times commission generated ) minus (gross profit)
all going back to the last time you paid PC or expert fee.

Could just be a mistake.

Why 5 times commission generated?

Don’t have a buffer anymore now, that I moved to the 40% charge this week.

[JohnT]

When on the 100k band the buffer changes to (2.5 times commission generated) minus (gross profit)
all going back to the last time you paid PC or expert fee.

If you'd have stayed on the 25K level your buffer would have increased £166.19 from last week

(791.97 *5) - 3793.66


Perhaps you would be better off staying below £100K.


Sometimes it's better to have a huge bet at big odds before you move up a level.

[JohnT]

If you pay a penny in expert fee this week the buffer you have at 20% will be gone forever.

[jamesedwards]

If you pay a penny in expert fee this week the buffer you have at 20% will be gone forever.

So tryingtotrade needs to decide whether to keep permanently below £100k Gross Profit to keep his huge buffer and not pay any Expert Fee for 8 years; or charge ahead to maximise Gross Profit but will forever more pay 40% above £100k or 20% above £25k.

What a load of shit the Expert Fee rules are.

[JohnT]

The 780K buffer has to be a mistake and I'm thinking that Betfair are now aware of this mistake.

But there's some chance that he'll still have a decent buffer at 20%.

[tryingtotrade]

When on the 100k band the buffer changes to (2.5 times commission generated) minus (gross profit)
all going back to the last time you paid PC or expert fee.

If you'd have stayed on the 25K level your buffer would have increased £166.19 from last week

(791.97 *5) - 3793.66


Perhaps you would be better off staying below £100K.


Sometimes it's better to have a huge bet at big odds before you move up a level.

Might win the big bet?