Author Topic: Premium Charge tab appeared  (Read 1664 times)

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Premium Charge tab appeared
« on: 29 Jan 2021, 10:59 »
Hi all,

I've had a Premium Charge menu item appear under the Betting Activity drop-down menu on the Betfair website. Should I be worried?...I guess I should.

I get how it works, except for how they've come up with my Gross profit & Loss. I would have thought my gross profit and loss should be equal to my Total Net Deposit (turned to a positive number) plus my balance. But my gross profit and loss is very nearly twice that amount. Does anyone know how this is calculated?

Reggie

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Re: Premium Charge tab appeared
« Reply #1 on: 29 Jan 2021, 11:14 »
Hi
They explain PC in section 9 here
Please read the following disclaimer with regards to the information you may request and obtain on our forum. This specifically concerns trigger files and various instructions as to how to implement a strategy.

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Re: Premium Charge tab appeared
« Reply #2 on: 29 Jan 2021, 11:29 »
Hi MarkV,

Thanks for the link. I've actually read that already. It says "By ‘gross profits’ we mean the amounts won, excluding total charges, less the amounts lost, on all Betfair markets.", which I understand. I was just wondering why the gross profits amount is double the amount of net deposits.