The Dark Truth Behind Betfair's Secret Charge

Breaking down Betfair’s premium charge.
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Thanks for watching this deconstruction of Betfair’s premium charge :)

[@lurifixen0]

Great video! Do you know how the yearly comparison for traded volume on football markets looks like on Betfair? Can't seem to find anything myself

[@Motivation-qn5ss]

Hiya

[@Bruno-gj5vn]

Kie, your content is in another level man. Keep up the good work and Thanks!

[@neilratcliffe6814]

Great work as usual Kie. look forward to your next video buddy 👍

[@kopthelotklopp1523]

As a trader in the industry I can say bookmakers dont make 4 percent on every race or football match. They'll usually have big liabilities on one outcome or another but as long as they lay at the right prices they'll win in the long run.

[@michaelbarry5869]

why is there not competition to betfair

[@pauldennis1670]

Hi Kie, thanks for taking the time to make the video. Can I please ask do you do this full time? If so what’s your plan going forward if the premium charge makes it worse value than betting with the bookies? Also do you think the upcoming affordability laws will kill it for the pros? Thanks.

[@arthurbarneys7249]

Great video as always Kie. Just checked that tab and I have that premium tab too. Though I must admit my allowance is still £1000. Just playing devils advocate but maybe betfair put that tab there because the details were previously buried in small print and they realise people have realised that, and big players can afford legal help to make that bad practice a realization for betfair. Just thinking out loud.

[@darshakfaria1938]

Excellent content.

[@pdawgbetscasually1885]

God job dude. Betfair wont hold the monopoly forever. I saw in canada a company called STX offering exchange since betfair left in 2016. The biz model is interesting and it can last. It justa need less negative publicity from the press.

[@potblack7951]

Excellent Kie!…hope this video has some effect somewhere!👊

[@UnderwaterFishFilms]

genuine question then, why not just make new account in my friends or families name and give them money for it? i dont see any problem because they cant see whos playing irl?

[@tiffisfine1665]

At what level of lifetime profit did your premium charge kick in? From your screen shot around £5k?

[@Vgk155]

Had no idea of this…thanks

[@Mightyflynn77]

Why are smarkets not an option? Lower liquidity?

[@zalibecquerel3463]

Greetings from Australia, with a 7% betfair commission on all racing products, 5% on Football, and 10% on Rugby League and some horse racing markets. With no "commission discounts" for those with high turnover.

[@simonegiberti7680]

Hi but isn't 5% the commission that Betfair or Betflag apply?

[@stevemarchant3670]

Is it a £1000 a week allowance or £1,000 lifetime allowance before the 20% premium charge kicks in?

[@mrpatel4873]

Plenty of people selling losing accounts I got one last year 60k down 🥳

[@chollis380]

1st band premium charge works out more than 20% since the Betfair parasites sneakily charge implied commission, so eg if you are on 5% and pay PC you actually end up paying 22.5% on your winnings