12th April 2012, 10:11 AM
|
|
Member
|
|
Join Date: Jan 1970
Posts: 4,367
|
|
How on earth is this sustainable for any Betfair user?
It simply isn't.
If one backs or lays more than one horse in a race, it becomes a massive hit.
I just did a realtime example @ 5% commission over a certain timespan.
Turnover $44,296.62
Profit $710.81
POT 1.60%
1.50% turnover tax -$664.45
Nett Profit $46.36
So POT drops to 0.10%
And if it goes to 2%, -$175.12, or LOT 0.39%
It cannot be successful.
So will they apply the levy to backers only, layers only, split between matched bets, or perish the thought.....both!!!!
|