A bit of scare mongering going on here. Those of you that do high volume / low margin trading/laying or whatever, for sure the goal posts have been dismantled. But I'm not sure Betfair will be sorry to see the back of them. But for old-fashioned pure speculators that back their opinion & lay / backand earn a higher margin, say 20% after comm, this will decrease their profit, but a good profit will still be made.

I'd much prefer a 1.5% fee plus 5% comm on each winning wager and do away with this PC nonsense altogether.

think it is

http://www.melbourneracingclub.net....portingbet-park

Raven of course it is going to impact various types differently.
Worst will be traders and high volume low margin backers or layers.
But, 1.5% does not sound much under your scenario, but if every winning bet has an additional 1.5% commission regardless of your end profit, it's still a massive hit.

For example the difference in profit between 4% commission and 5% commission is enormous even with larger margins when calculated not on your profit, but each winning bet.

This isn't going to impact the Saturday recreational punter too much who picks out a few good things, but the more you use the exchange the worse it will be.

I guess my reaction could be seen as a bit over the top to position takers, but people like myself and Mark (and a few others) who derive almost full income from the exchange, it's a severe blow.

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This is where you have it a bit wrong this will be just added to the lot, PC is here to stay and may even grow larger.

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Yes, doubt the PC will be going anywhere in a hurry as the 1.5% is a totally separate issue.

PC nonsense?
I'm sure it doesn't stand for Personal Computer.
At the moment I have Politically Correct as my top selection , but I wouldn't back it.
I have made up one called Profit Commision.
Could someone put me out of my misery please?

"Politically Correct"?
You read too many blogs moeee.

It stands for Premium charge, ie. you win more than others you pay extra!
Nothing in this game is free it seems my friend, Or should I say FAIR?

Lol
Thanks Lomaca.

Had another thought while I was in the shower, best thinking done there :P

If BF have to supply turnover figures and thus the calculations of what 1.50% should return to the various raceclubs on a regular basis.

a) will they not include their crossmatching and skimming bots in those figures?
b) will they only declare customer transactions?
c) might they cease and desist this practice altogether?

The thought occurred to me that turnover is turnover, no matter where it originates from, thereby rendering those practices unprofitable.

We live in interesting times, it's like watching the evolution of betting in fast reverse.

__________________
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Now with over 400,000 Metropolitan, Provincial and Country races!
http://www.propun.com.au/horse_raci...ng_systems.html
*RaceCensus now updated to 30/04/2024
Video overview of RaceCensus here:
http://www.youtube.com/watch?v=W821YP_b0Pg

I seem to do my best thinking on the bog, which might explain why my betting bankroll keeps going down the toobes.

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