New Premium Charge on the way

[LinusP]

Another question: What about if you just did straight betting would the PC be different if you managed to make profit just straight betting?

Same rules for everyone but you tend to pay a lot of commission (implied and generated) straight betting, its traders which get penalised the most.

[poklius]

I got on the pc allowance trial and had my first allowance yesterday , hopefully they'll consider going down the allowance route as the £250k level is very restrictive for any players who've been with them since the start and aren't necessarily making large profits from the exchange.

How does pc allowance work?

[Grinderman]

Anyone on here actually done it? Closed their account, had a couple of years off, then opened a new one?

[Derek27]

Hyperthetical question. Does anyone know, if you were to close your Betfair account and have a couple of years off, would PC reset if you then opened your new account?

Extremely unlikely. If they like different accounts that they suspect are being operated by the same entity they will certainly like the accounts of the same person!

[Derek27]

Another question: What about if you just did straight betting would the PC be different if you managed to make profit just straight betting?

You basically pay PC if you lose less than £75 for every £100 that you win, depending on commission rate. Straight gambling usually has a fairly slim ROI so few gamblers would have a high enough win to lose ratio to be affected by PC.

[Derek27]

Anyone on here actually done it? Closed their account, had a couple of years off, then opened a new one?

I'll close my account tonight and report back in a couple of years.

[Kafkaesque]

Anyone on here actually done it? Closed their account, had a couple of years off, then opened a new one?

I'll close my account tonight and report back in a couple of years.

I guess this is about to happen, eh

[spreadbetting]

[

How does pc allowance work?

Bit like the way you get a personal allowance for income tax, you just get a weekly allowance before they start to charge your account, so say you had a weekly allowance of £500 and your PC charges came to £400 they wouldn't make a deduction, if your pc came to £1000 you'd only be debited £500. Makes a lot more sense than the current method of using a lifetime figure.

[Derek27]

Anyone on here actually done it? Closed their account, had a couple of years off, then opened a new one?

I'll close my account tonight and report back in a couple of years.

I guess this is about to happen, eh

Thanks, I've just used that image for my desktop wallpaper.

[Naffman]

Any uptick in volume in the racing markets because of this new PC trial?

Would highly doubt it...

[megarain]

https://soundcloud.com/matthew-trenhaile

Podcast can be a touch dry, but it does explain the PC 'problem'.

[LeTiss]

https://soundcloud.com/matthew-trenhaile

Podcast can be a touch dry, but it does explain the PC 'problem'.

That's quite a tough listen! - the guy has one of the most boring voices I've ever heard on a podcast

[lmigueltavares]

They returned today to charge the premium charges

[PDC]

https://soundcloud.com/matthew-trenhaile

Podcast can be a touch dry, but it does explain the PC 'problem'.

Thank you for linking to that, I had never heard of that podcast. It was a long (I could have skipped the first 30 minutes or so as wasn't to do with the PC) but interesting listen that gave quite a different take on the PC to what I have heard before also interesting to hear about some of the names mentioned which starts to give you an idea of the size and scale of some of the market participants such as Zeljko Ranogajec. I read on 'the spookiest thing' thread a post by ShaunWhite that said Peter had recently said he had made more money than anyone else ever has on horse markets so I was surprised to not hear Peter mentioned at all in the podcast.

[LinusP]

https://soundcloud.com/matthew-trenhaile

Podcast can be a touch dry, but it does explain the PC 'problem'.

Thank you for linking to that, I had never heard of that podcast. It was a long (I could have skipped the first 30 minutes or so as wasn't to do with the PC) but interesting listen that gave quite a different take on the PC to what I have heard before also interesting to hear about some of the names mentioned which starts to give you an idea of the size and scale of some of the market participants such as Zeljko Ranogajec. I read on 'the spookiest thing' thread a post by ShaunWhite that said Peter had recently said he had made more money than anyone else ever has on horse markets so I was surprised to not hear Peter mentioned at all in the podcast.

I think you misread.