Betfair want 20% of your profits!

Just received the email confirmation that I will be subject to the new 'premium' charge. Hey guys thanks for the warning, after eight years on Betfair and having paid a lot in commission in that time I would have thought a call would have been nice. In the email it states that it will affect only 0.50% of Betfair. However, given that traders contribute so much volume to the market I would have thought it would affect a huge amount of customers. Betfair even produced some analysis of their own a little while ago on how the market is made up and I would think that this new 20% charge would affect the majority of active users.

To find out more about these charges visit the Betfair home page, click on about us and charges.