Nobody wants to speak about this, not Betfair, not Betangel, but the fact is, that, if you are profitable on Betfair, with Betangel, you will be punished, first by 20%, then by 60% of your winnings. I understand that it is about business, of course Betfair does want to hide this, if new customers of Betfair would know this, they would use another place to do their bets, and new customers of Betangel, if they would know this, would try other ways to do their bettings.
Sorry that I bring this fact up in this forum, but is it wrong that we try to be honest about things?
Profitable accounts on Betfair
do you have any thing to back this up with ??
please explain why betfair would descriminate against betangel..?? and isnt the pc the same for any trader regardless of what software they use if any ?
in short please back up your comments ,or in short stop talking crap,,,,,,,,,
Marc
please explain why betfair would descriminate against betangel..?? and isnt the pc the same for any trader regardless of what software they use if any ?
in short please back up your comments ,or in short stop talking crap,,,,,,,,,
Marc
There is a lot of discussion on this forum about everything, Betfair charges, Betdaq, everything. As one of the first vendors to produce a Betdaq product we have been committed for ages to trying to create a good environment for open and honest discussion, as well as encouraging people to try all options.
I think that's pretty clear from all the topics on the forum. There is nothing more we would like than vigorous competition between exchanges. That can only benefit everybody.
I think that's pretty clear from all the topics on the forum. There is nothing more we would like than vigorous competition between exchanges. That can only benefit everybody.
(I am not an English person, I do my best to express myself) ... and ... Yes, I give you all my credits that I am able to, I can sense the honest and transparent touch you have. I have not yet checked it, but I believe that today I got more profit on Betdaq than Betfair even before the 60% punishment!!!
As many of you know I have made a fabulous living using BA on BF for nearly 6 years now. With the higher PC I became very disillusioned with Bf and decided to take a break.
After many months of trying I was offered a decent job (paying 40k a year). The kicker was I was travelling over an hour each way and doing horrible shifts. This is the same for most jobs these days, at least I was getting a good wage.
It took me some time to get back into the swing of working again. I enjoyed the interaction with the people I met. I did not enjoy the interaction with the tosser who was my boss. Things were going OK until I started to pay income tax again once my allowance had been reached. INCOME TAX = 40% + NI = PC
My eureka moment came when I had made on Saturday even allowing for my PC more than I had earned going to work all week.
I am very unhappy about paying the PC, but putting things into perspective I'll live with it.
I was becoming lazy, been used to helping myself for so long. The reality of it is getting up at 5.00 am, driving 60 miles doing a 9 hour shift and then driving home again, having tea then going to bed just to "spite" Betfair by not paying the PC was a wake up call I needed.
I have massive respect to everyone who does this, most because they have no choice. It really has made me realise how privileged I am.
I used to have a boss who was demanding, unfair and expects more than he is entitled too. I have changed it around slightly now.
My "boss" is Betfair. He lets me work when I want, he doesn't make me travel. I get days off and holidays when I want (unpaid). He doesn't hassle me or shout at me. Doesn't have bad breath and no sense of humor (BF have an awesome sense of humour, just look at the stunts they pull!) My pay is performance related. The better I do my job the more I earn. The taxation system is similar. (I'd rather pay tax into the treasury so they can buy more weapons to get involved with wars that have nothing to do with them)
Work:
Tried it.......didn't like it.
Betfair:
Thank you for saving me from my suffering, I won't complain anymore. Just work even harder to make up the shortfall from the PC.
I am still fed up with Betfair's arrogance, but more tolerant now.
Sorry for waffling, posting helps me think clearly:)
After many months of trying I was offered a decent job (paying 40k a year). The kicker was I was travelling over an hour each way and doing horrible shifts. This is the same for most jobs these days, at least I was getting a good wage.
It took me some time to get back into the swing of working again. I enjoyed the interaction with the people I met. I did not enjoy the interaction with the tosser who was my boss. Things were going OK until I started to pay income tax again once my allowance had been reached. INCOME TAX = 40% + NI = PC
My eureka moment came when I had made on Saturday even allowing for my PC more than I had earned going to work all week.
I am very unhappy about paying the PC, but putting things into perspective I'll live with it.
I was becoming lazy, been used to helping myself for so long. The reality of it is getting up at 5.00 am, driving 60 miles doing a 9 hour shift and then driving home again, having tea then going to bed just to "spite" Betfair by not paying the PC was a wake up call I needed.
I have massive respect to everyone who does this, most because they have no choice. It really has made me realise how privileged I am.
I used to have a boss who was demanding, unfair and expects more than he is entitled too. I have changed it around slightly now.
My "boss" is Betfair. He lets me work when I want, he doesn't make me travel. I get days off and holidays when I want (unpaid). He doesn't hassle me or shout at me. Doesn't have bad breath and no sense of humor (BF have an awesome sense of humour, just look at the stunts they pull!) My pay is performance related. The better I do my job the more I earn. The taxation system is similar. (I'd rather pay tax into the treasury so they can buy more weapons to get involved with wars that have nothing to do with them)
Work:
Tried it.......didn't like it.
Betfair:
Thank you for saving me from my suffering, I won't complain anymore. Just work even harder to make up the shortfall from the PC.
I am still fed up with Betfair's arrogance, but more tolerant now.
Sorry for waffling, posting helps me think clearly:)
That's a great post mugsgame
I don't fall into 60% yet, but I had the same thought process when I started paying 20%. I don't pay income tax. If I had a job that gave me the same salary as BF, I'd be paying more in tax, NI and travelling expenses than what my 20% to BF amounts to.
My boss is Betfair, that's exactly how I described my job to my mum a few months back!
I don't fall into 60% yet, but I had the same thought process when I started paying 20%. I don't pay income tax. If I had a job that gave me the same salary as BF, I'd be paying more in tax, NI and travelling expenses than what my 20% to BF amounts to.
My boss is Betfair, that's exactly how I described my job to my mum a few months back!
Good morning all
This is my first post, instigated by mention above of a 60% charge in addition to the 20% PC charge.
It is highly likely that I've missed out on a bit of widely publicised news regading this and I would firstly, normally go running off doing my research on what this relates to, which will be my next move.
In the meantime, I thought it might be prudent to ask exactly what this 60% charge is, if someone would be so kind as to explain?
Wishing you all luck with your strategies and also your outright punts!!
Good luck
Peter
This is my first post, instigated by mention above of a 60% charge in addition to the 20% PC charge.
It is highly likely that I've missed out on a bit of widely publicised news regading this and I would firstly, normally go running off doing my research on what this relates to, which will be my next move.
In the meantime, I thought it might be prudent to ask exactly what this 60% charge is, if someone would be so kind as to explain?
Wishing you all luck with your strategies and also your outright punts!!
Good luck
Peter
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Might help if you opened your eyes a bit!kemabet wrote:Nobody wants to speak about this, not Betfair, not Betangel....
Sorry that I bring this fact up in this forum, but is it wrong that we try to be honest about things?
As Peter has said it has been discussed to death on this forum and on his blog and in numerous other places.
YOU even took part in a thread (look 7 threads below this one at the moment) where it was discussed at great length! Recently I asked specifically YOU for an update about it but you haven't bothered to reply????
See viewtopic.php?f=2&t=2835&start=360
If you want to be pointed to any of the numerous other threads covering the topic just ask!
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
A good place to start will be this thread called Premium Charge:PeterC wrote: This is my first post, instigated by mention above of a 60% charge in addition to the 20% PC charge....
In the meantime, I thought it might be prudent to ask exactly what this 60% charge is, if someone would be so kind as to explain?
viewtopic.php?f=2&t=4224
Though Kemabet seems to be unable to view these type of threads on his computer so I hope you can
BTW, don't take another 2 years to make your second post on the forum
That's a good post by Mugsgame and puts things into perspective, (very much a half glass full attitude)..
Each quarter (if i'm lucky) I get a nice commission statement from work, and readily accept that half of it will go in NI and tax; but it doesn't stop me striving for more next quarter.
I know its hard for the people who have never had to pay the 60% and will take time to adjust but 40% of something is better than 100% of nothing??
Each quarter (if i'm lucky) I get a nice commission statement from work, and readily accept that half of it will go in NI and tax; but it doesn't stop me striving for more next quarter.
I know its hard for the people who have never had to pay the 60% and will take time to adjust but 40% of something is better than 100% of nothing??
I see this sort of post a lot. In fact I was having a conversation with one of the PC team at Betfair a while back and he mentioned something along these lines.PeterC wrote:It is highly likely that I've missed out on a bit of widely publicised news regading this and I would firstly, normally go running off doing my research on what this relates to, which will be my next move.
The people that are most vocal about the PC don't pay it and never will.
My advice to anyone who is worried about it is don't even think about it. By the time you are £250k up you will be good enough for it not to worry you too much. Don't fall into the trap I did, where I was so concerned about paying half my profits to BF I cut my nose off to spite my face. (Good old Brit saying)
I guess it's like all jobs, you can get in a rut. You need to freshen things up a bit. I am glad a went back to work. I had guys working for me doing a shit job, shit shifts, dirty and unpleasant and paid £6.08 per hour. They didn't complain. I had it in my head that if you earned minimum wage it was your own fault for not finding a better job. The reality of it is there IS nothing else. The labour market is such that the employers can get away with it; there are plenty who will take it up too. I found it a humbling experience and very sad.
Le Tiss & PeterLe, cheers for the comments. You caught the flavour of what I was trying to say.
would seem betfair have judged things correctly in that most people will accept massive tax hikes after an initial bout of outrage, the threat of mass exodus to betdaq will not occur.
would seem betdaq have failed (in the short term at least) to capitalise on betfairs perceived (real or imagined) negative actions i.e. super tax, lax/inadequate security, infrastructure that at various times cant handle the load, inconsistent application of their “rules” and terms/conditions, and a general contempt for their customers.
Reckon betfair having proved to themselves people will accept more or less anything they do, people don’t like/cant change, and they will just turn the “screw” tighter, also knowing betdaq are unable to exploit adequately any of their actions.
would seem betdaq have failed (in the short term at least) to capitalise on betfairs perceived (real or imagined) negative actions i.e. super tax, lax/inadequate security, infrastructure that at various times cant handle the load, inconsistent application of their “rules” and terms/conditions, and a general contempt for their customers.
Reckon betfair having proved to themselves people will accept more or less anything they do, people don’t like/cant change, and they will just turn the “screw” tighter, also knowing betdaq are unable to exploit adequately any of their actions.
That's about the size of it.to75ne wrote:would seem betfair have judged things correctly in that most people will accept massive tax hikes after an initial bout of outrage, the threat of mass exodus to betdaq will not occur.
I tried the alternatives
Betdaq is ok for pre play. But most of my strategies involve in play. That's a no go for me on Betdaq.
I have explained work earlier in the thread.
The "romance" of "we are all going to Betdaq (and as you have called it have not capitalised fully on Betfair's PC hike) is just that, a romantic fantasy. I may be being selfish a little here, but when I was driving to work at 5:15am or driving back from work at 2:00am (shifts) I wasn't thinking "Ah ah. that has taught Betfair a lesson!!!" I was thinking "Fook me, this is shit, I wish I was paying Betfair a couple of grand a week and keeping the other 2k for myself.
Selfish yeah...........stupid? No!