Betfair have scrapped the Premium Charge

[Euler]

Come the new year the Premium charge will be no more and a new expert fee will replace it. More information: -

https://www.betangel.com/betfair-scrap-premium-charge/

https://support.betfair.com/app/answers ... t-fee-faqs

[MemphisFlash]

is this the christmas present from the santa video?

[jamesedwards]

A jolly good Christmas present!

This should make a big difference to traded volumes. Will encourage people back in.

[Kai]

Peter you have outdone yourself

[Kai]

Maybe one last for the road

Throwback to this Xmas wish post a few years back, ACTUALLY came true

[LeTiss]

Absolutely perfect for traders like me.....people who have been on BF since the early days, who have earned a steady income, but not a fortune. The lifetime profits were killing off the likes of me. It's only my sheer bloody mindedness that kept me going

[Michael5482]

https://youtu.be/di60NYGu03Y?t=48

[Euler]

Absolutely perfect for traders like me.....people who have been on BF since the early days, who have earned a steady income, but not a fortune. The lifetime profits were killing off the likes of me. It's only my sheer bloody mindedness that kept me going

I think it's a really important point, one that I've been keen to push to Betfair during this process.

[Kai]

Well I really hoped there wouldn’t be a catch with such a positive title on the video

But still better than nothing

[Naffman]

Seems good, is the first 25k you earn Fee free then and 20% on that earnt between 25-100? So someone earning £110k for example will only pay for 10k at 40%?

[Euler]

It takes large amounts of people out of the former PC altogether and reduces any additional payment for most existing payers.

More importantly there is no lifetime limit anymore, so that's a massive positive.

Obviously not everybody can pay reduced fees, but it's massive step forward and should encourage more activity in the markets.

[Naffman]

Just going through it now, it seems if you earn above but close to £100k then you may as well have a couple of months off and get it down to below £100k so you pay only 20% instead of 40%

Obviously this will bring in players who gave up due to PC when earning £25kish a year but the bigger earners will probably pay a bit more due to implied commission going from 3 to 2.5%.

Overall I think it’s a good idea to bring people back and it especially rewards people who’ve given up as they’ll be on no Fees for a few months.

[BFDon]

Seems good, is the first 25k you earn Fee free then and 20% on that earnt between 25-100? So someone earning £110k for example will only pay for 10k at 40%?

Looks as if it's only one rate, so you're better off earning 100k than 133k....

I can see why they've done it but moving implied commission from 3% to 2.5% is actually going to make >100k PA 40% PC payers on 2% worse off

[Kai]

So in other words only players averaging below £68 daily will avoid PC entirely.

But for those averaging over £274 daily very little actually changes. Which still feels like a lot of people I think.

[weemac]

Measuring on a rolling basis means that your weekly charges could be highly variable if you're hovering around one of the 2 thresholds?