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1st April 2017, 06:09 PM
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Member
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Join Date: Sep 2011
Posts: 1,492
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Quote:
Originally Posted by Every Topic
Thanks UB.
I am betting Aus markets only.
According to BF this is the current rule...
This charge(turnover charge) will only apply to customers who during a week meet all three of the below criteria:
have matched back bets on 1000 or more markets which Betfair is subject to a turnover fee from a racing body (‘turnover charge markets’);
have matched back bets with an aggregate value of $2000 or greater on turnover charge markets; and
the total commission generated by the customer on turnover charge markets is less than 1.5% of the aggregate value of matched back bets placed by the customer on those markets.
I am betting on up to 30 races/ markets per day. If I do this 7 days a week then I am betting in 210 markets per week.
It also states that the turnover charge only applies to racing in ACT, WA and NSW.
Unless I have this all wrong, it doesnt appear to me that I could be placing bets into 1000 or more markets in a week using my system.
(of course their web page may not be up to date)
ET
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Yes it has changed since it was first introduced. It is impossible now to get charges the turnover charge if they do it by a week. Between WA, NSW and ACT there wouldn't be 1000 markets across the codes to bet against.
You should be fine.
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