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I just received some particularly devastating news from Betfair regarding the new premium charge starting Monday. They are only reviewing what lifetime commission to gross profits ratio a customer is on every 3 months. Meaning if you are under 5% you will be charged 60% every week for 3 months regardless of whether you move up over 5% or even over 10%. I'm currently just under 5% and was hoping to move over 5% with a slight change in betting strategy over the next few weeks but I'll still be charged 60% even when my ratio is over 5%. Can anyone else confirm or deny this?
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I can't, but from what I know of the PC every week when the charge is taken there are checks done on your account. You need to tick the right (wrong?) sections to be eligible for the PC so I don't see why this would be any different. It would be harder for them to check every 3 months than every week when it has to be checked anyway, and I am sure they don't need the extra headache of somebody hitting 5% and paying up to 60%, they would surely end up in court for sure.Originally posted by mrcelebrity View Post -
"If your rate changes from below 5% to above 5% then it is correct you woudl change. We will review it every 3 months so if you moved up above 5% then we would change you to 50%"
That is what a representative of Betfair sent to me. I know it would be easier and make a lot more sense if they updated pc rates weekly, but maybe Betfair see this as a way to suck a few more dollars out of it's customers
I've emailed them back, hopefully I've just misunderstood the email or the representative was confused what I was askingComment
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They want to try and screw as much money out of their 'customers' as possible...hopefully I've just misunderstood the email or the representative was confused what I was asking
So I think you'll be stuck on 60% for three months.If you want more luck... Take more chances!Comment
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They can't charge you a weekly sum based on certain criteria when 1 of those criteria is only checked every 3 months. Can't see it happening.Comment
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Anythings possible with these subtle con artistsComment
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They'll adjust it straight away if someone drops below 5%Comment
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I cannot claim that I am anywhere near £250,000 so this will probably apply to me in about a million years.
But I thought the lifetime commission to gross profits ratio for the 60% PC2 was 40%. Not 5%.
What have I misunderstood?
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it's lifetime comm generated.
if it's less than 5% of your gross profit then you pay 60% PC
between 5-10% is 50% PC
over 10% and it's 40% PCComment
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