Friday, December 5, 2008

Pondering premium

I've taken to mailing Betfair weekly to get my premium charge statement. The reason, it seems to be jumping around all over the place. Recently I had a remarkably low charge and I couldn't tally it to my weekly total, not moaning of course. But it does seem to rise and fall subject to all the other stuff that's going on your accounts. One thing for sure it that it contains a big fat negative each week, quite an incentive to find ways to mitigate it. I suggest its worth checking yours so you get an understanding of exactly how it's generated. There is nothing more gutting that getting off to a bad start to the week and seeing it vanish from your account mid day on Wednesday.

One 'benefit' of the premium charge statement is that Betfair neatly line out your profits per week for the last 60 weeks. It makes analysis easy and gives you a useful reference point on how you are performing year on year. It also gives you the perfect Betfair rubber stamped authenticity on your abilities. So you see, there is a positive in every negative, especially when people doubt your ability and you need evidence to the contrary ;)

Also I am now waiting with interest to see what Betfair send me for Christmas this year. After all I am now paying four times more commission than last year. Does this mean a gift of four times the value?!?