Premium charge from BetFair
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Just clicked on my balance and I saw the premium charge notice. My charges are huge and I’m wondering if anyone know what this figure actually represents
+0January 1, 2016 at 5:35 pm
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Lifetime summary
Applies across 687 Exchange markets
Gross profit & loss
£1,900.22
Commission
£369.15
Other charges
+ £1.89
Premium charges
+ £219.34
Total charges (31.07%)
= £590.38
+0I assume you haven’t actually paid the premium charges yet as you haven’t used up the allowance?
It’s hard to say how they’ve got the premium charge number as it depends on weekly profit.
+0Just read through it some more. The commission for the calculation isn’t actually the amount you have paid – it includes an implied commission plus your commission divided by 2. This seems ludicrous – how are people supposed to work that out! I’ll edit my comment above as the £10000 mark will be wildly inaccurate.
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Lifetime summary
Applies across 599 Exchange markets
Gross profit & loss
£1,459.08
Commission
£507.10
Other charges
+ £0.00
Premium charges
+ 0.00
Total charges (34.75%)
= £507.10
Anyone care to explain why RCW has charges and I have none? Still says I have my full £1000 so can’t see this ever being a problem since I have yet to eat into my £1000 and been doing this for 7 months?
+0Please note that if you become eligible to incur Premium Charges, we will contact you before any charges are paid.
Now im on my computer its easier to navigate to see what this is. Im assuming bookies will be paying these charges not us. I havent been contacted about any charges yet
+0How do you access the lifetime summary report you have shown.
+0On the comp its in the account section under Activity
+0Still cant find where to view the lifetime summary under activity, help, anyone?
Thanks
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