OZmium Sports Betting and Horse Racing Forums - View Single Post

Quote:

Originally Posted by Shaun

Thanks mate, appreciate the feedback, how about costs associated with trading the Aussie markets, if i remember correctly you were saying they have maximum amount of markets or something then they start charging more or something.

Basically what i need to do is trade out my liability from other bets, not all of them are placed on betfair, i know trading can be a tricky game but even if i could get back half my liabilities this would improve my position.

It used to be up to 50 turnover charge markets per week and it looks like it still might be but they cottoned on to me doing mid to high 40's each week. If you trade non turnover charge markets then it is unlimited.

The only markets that don't charge it are Qld, Tas, NT, SA (although they used too so not sure what has happened there) and VIC (however Victoria going back to the turnover model meaning that Vic is out of the question again - well, up to 50 markets anyway and that's combined).

Like I said, I don't do it anymore. One of the reasons I thought of today was that I went well when I could trade every market one after the other when the turnover charge wasn't there. When they introduced it (and after I got banned for costing them too much) I just couldn't concentrate waiting around for the next legit meeting. I traded best when I was in the zone (maybe even the twilight zone

) and not waiting around for a few races to pass before trading my next one.

I hope all that makes sense. Good luck with which ever way you want to try and work it.

The turnover charge jurisdictions and the amounts are listed on a seperate page with a link at the bottom of that page UB attached. Here is that page:

http://www.betfair.com.au/helpcentr...tes_tracks.html