i think it's something really excessive like $250k lifetime profits, and even then not all pay it, only those that win in such a way that they pay little commission
Betting restrictions and limits for constant winners?
- Thread starter BallerO
- Start date
- Tagged users None
yeah, but only if you haven't paid enough commission that week, so if you net $1k but it's made up of $10k in profitable markets (and commission paid on this $10k) and $9k in losing markets, you pay less than if you just win $1k in one market
- Jul 23, 2010
- 5,767
- 4,141
- AFL Club
- Hawthorn
In light of the requirements for such a cap in think it's time for an 'official betting thread'.betfair do care if you win, and it's called the "premium charge"
once you have 20% constantly taken away from your profit on a weekly basis you feel worse
$3.72 by any chance???
lol it's 250 markets, i wish it was 2500! you don't have to had made 250k ANY profit will see your account applicable if you've satisfied >250 markets...getting involved in 250+ markets is pretty easy if you bet regularly.
profit and <250 markets will get you in there
log into bf and go to
https://account.betfair.com/regpay-myaccount/premiumcharge/summary.html
log into bf and go to
https://account.betfair.com/regpay-myaccount/premiumcharge/summary.html
iluvparis
Import Whisperer
- Apr 1, 2005
- 50,055
- 40,651
- AFL Club
- Carlton
- Other Teams
- Calgary Flames, Man Utd
Is a single horse race a 'market'? Or is 'horse racing' a market? Or AUS horse racing?
asanque
Premium Platinum
That's the first time I've found out that I'm in the premium charges category on Betfair.Can someone help me decipher my statement?
Lifetime profile:
I hit the market criteria and profit criteria.
However, my total charges are 26.2%.
There is another column that shows I've incurred premium charges in the past (although minimal).
I don't recall ever being informed though.
Last Week profile:
There is a premium charge pre-allowance.
I assume once I exceed that figure in profit I get charged?
Is that a weekly allowance?
Edit: It looks like my lifetime profile of charges has to be <20%
And that I've had a chunk taken out of my $1000 dollar extra allowance but haven't had any premium charge actually payable as yet.
You get GBP1,000 up your sleeve before you have to pay anything.
If you are at (lifetime) 26.2% now, no need to worry for a (long) while.
Just monitor that %age figure regularly, PC is only ever invoked when you dip below 20%.
Once you do, you'll start eating into your 1,000 (GBP) buffer, once that's gone that's when the Wednesday morning bills arrive.
A million and one ways to avoid it though.
If you are at (lifetime) 26.2% now, no need to worry for a (long) while.
Just monitor that %age figure regularly, PC is only ever invoked when you dip below 20%.
Once you do, you'll start eating into your 1,000 (GBP) buffer, once that's gone that's when the Wednesday morning bills arrive.
A million and one ways to avoid it though.
they never told you?
- Nov 15, 2012
- 8
- 0
- AFL Club
- Collingwood
- Banned
- #43
Ive been restricted at sportsbet after winning only a few grand there in my lifetime. So unfair, I rarely bet over $200.
would you like to share or pm one please lol
and yes it does feel like bills are being paid every wednesday after a profitable week, really deflates that winning feeling over the last 7 days
pintsandpunts
Rookie
- Jan 31, 2012
- 29
- 1
- AFL Club
- St Kilda
How do they limit you? I.e. credit card, ip, 100 points ID?
- Nov 15, 2012
- 8
- 0
- AFL Club
- Collingwood
- Banned
- #48
Mostly NRL and AFL, some bets on the NBA and a few novelty markets. Seems there is a cap on my bets, $100 seems to be the maximum i can put on the NBA. I dont seem to be restricted on the horses though.
pintsandpunts
Rookie
- Jan 31, 2012
- 29
- 1
- AFL Club
- St Kilda
Yeah didn't make much sense.
I mean, what limits you from re-registering with different credentials? Can't remember if I needed a hundred points or just a photoID for withdrawals?
