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31st March 2017, 09:08 PM
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Member
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Join Date: Sep 2011
Posts: 1,492
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Are you trading Aus or UK Markets ?
Unfortunately you will be warned off Aus markets eventually due to the turnover tax.
https://www.betfair.com.au/hub/gett...urnover-charge/
Traders eventually not liked on these markets.
So lets say you make 1 tick on a $2.20 shot. So it goes up to $2.22. This means you make less than 1% profit. The turnover charge is 1.2%. You are now losing.
Keep it in mind but you can just exclude the states which are an issue.
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