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Premium Charges
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srjota6
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April 24, 2020 - 6:57 am
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Hey guys,

Not that I’m there just yet (quite far actually) but I found myself thinking about the Premium Charges the other day, and would like some opinions to clear my ideas. All of my questions are assuming that the account is eligible to pay them of course.

Basically I’d like to know how to input the extra charges in our FTS spreadsheets (ex. Change the 0.95 value to 0.75) or do we have to go week by week and check if we were profitable that week and then calculate the charges?

Or do we just subtract the percentage of the charges to our final profit?

Any insights that you may have on this topic are welcome!

Cheers

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wils2004
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April 26, 2020 - 3:29 pm
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If i’m not mistaken but you’ve got to be making serious money if you’re getting charged.

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srjota6
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April 27, 2020 - 9:54 am
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Yes, we need to be in profit overall and I think it is about 250k. But with a long term approach and aiming high in a 10-15 year plan it is perfectly possible, that’s why I am curious about how it can/will affect our FTS strategies.

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DarrenP66
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October 20, 2020 - 5:00 pm
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I am also looking at what to do if and when I hit the premium charge level.

I have just started eating into my £1000 allowance, which I believe should at least hold out for this season. This equates to £5000 profit, and then the charge increases to 20% of all future profits.

I currently only have pure bets, utilising 4 ultimate systems.

I do have accounts with Smarkets, Matchbook, and Betdaq due to Matched betting in the past, so should I be looking to utilise these instead of Betfair where possible?

My concern should I do this would be with liquidity, which would be in the Match Odds market.

Any other suggestions or guidance that members might be able to offer would be greatly appreciated.

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