premium charge

[N Counter]

I am hoping that some one might be able to give me some inspiration. Since January of last year I have been clobbered with this premium charge. They have very kindly taken over £4,000 from me to date. At first I thought I could get around it by find neutral arbs between betfair markets to creat more commision, but soon found this to be far more difficult than I expected because of having to allow for the commision on which ever bet should win. I would be so grateful to anyone who can suggest two markets that might work well in this way. I'm not looking to make any profit, just creat commision.

Thanks.

[doris_day]

I generate neutral turnover by arbing with bookmakers. I try to look for arbs where the bookie is more likely to win than Betfair. There are plenty each day but they take a lot of effort and its a pain in the neck. Knowing where to look is the key You'll have to work that one out

[alrodopial]

Can someone explain what are you trying to achieve?

[N Counter]

The premium charge comes into effect when your win to lose ratio excedes a certain level where by betfair say that the combiination of commision charged and implied commision from losses does not outweigh the liquidity you use up (although I would question the maths behind this arguement). They say that if commision plus implied commision do not come to 20% of your profits they will impose a charge equal to the deficit.

That's why if you have to pay the premium charge non profit making arbs effectively reduce the amount you are charged.

[DFK]

Do you actually save much Doris in percentage terms of pc? I have always thought it wouldnt work long term.