I asked Stephen Burn why he supports Ca takeout raise.

[Charlie D]

Again Foolish Pleasure. EDUCATE YOURSELF.(Spend a few days on Betfair website reading)

4) Transaction Charges

In addition to any commission payments, Betfair customers will be charged a transaction fee if they process a large number of transactions.

NB – Transaction Charges only apply to customers placing or editing more than 1000 bets an hour.

At the end of every day, we add up all the bets you placed or edited (whether matched, cancelled or lapsed). If this number is in excess of 1000 in any hour of the day then: i) for customers placing bets through the Application Programmers Interface (API), we will multiply this number by 1p; andii) for website customers, we will multiply this number by 2p.



For the purpose of Transaction Charges, bets on financial markets will count as 0.25 of a bet. This will form the basis of the transaction fee, but we will offset this fee against the following amount:

(Commission + Implied Commission) ÷ 2

where

Implied Commission = market losses x 3%

Any remaining amount will be charged to your account on a daily basis. Should your (commission + implied commission) ÷ 2 exceed this amount, you will not be charged a transaction fee. Accounts that relate to one person, entity, API subscription or a Master account (Trading version only) with related Sub accounts are treated as one customer for the purposes of transaction charging. Note that no Betfair points will accrue for transaction fees.

Example 1:
You are an API user who pays (commission + implied commission) ÷ 2 of £18.50 throughout a given day.
However, between the hours of 14:00 and 15:00 you placed 2500 bets and between the hours of 15:00 and 16:00 you placed 3250 bets, but in other hours you placed less than 1000 bets.
Your base transaction charge is (2500-1000)*£0.01 + (3250-1000)*£0.01 = £37.50.
Therefore you will be billed an additional £37.50-£18.50 = £19.00 on the following day.

Example 2:
You are a Website user who pays (commission + implied commission) ÷ 2 of £20.00 throughout a given day.
However, between the hours of 14:00 and 15:00 you placed 3000 bets on financial markets and 1500 bets on non financial markets. In all other hours you placed less than 1000 bets on all markets.
Your base transaction charge is (((3000*0.25) + 1500)-1000)*£0.02 = £25.00.
Therefore you will be billed an additional £25.00-£20.00 = £5.00 on the following day

[Foolish Pleasure]

Thanks for posting exactly what I posted.

The obvious bot fee.
Humans don't post 1000 bets an hour.


The premium fee has nothing to do with bots.

[Charlie D]

I will repeat once more, because you certainly need some from what i have been reading.

EDUCATE YOURSELF