Betting restrictions from Betfair

Terence Wilson

With all the the profits everyone should be making from BTC strategies let it run . Has anyone's accounts been restricted by betfair , do they see it as betting not trading

Terence Wilson

Thanks for your replies everyone

Ryan

@chris-osborne I reckon they should be paying me too the amount of times I've bigged em up!

Martin

@terence-wilson Betfair exchange is for betting and trading, they make money off you either way, they love it!

? Offline

@kevin-pepper said in Betting restrictions from Betfair:

Anyone can check where they stand regarding the Premium Charge:-
My Account / Betting Activity / Premium Charges

They should be paying me

Kevin Pepper

Anyone can check where they stand regarding the Premium Charge:-
My Account / Betting Activity / Premium Charges

Ryan

As long as you are putting these on the Exchange they won't restrict you, you will hit Premium Charge mind. BUT Matchbook is doing a good job of liquidity now, with no PC - again though cross that bridge when you come to it.

james everard

@terence-wilson said in Betting restrictions from Betfair:

With all the the profits everyone should be making from BTC strategies let it run . Has anyone's accounts been restricted by betfair , do they see it as betting not trading

Ha ha not making decent profits yet one day hopefully. I think you will find the Betfair exchange is different to normal online bookie accounts. You are betting against other people and Betfair aren't losing out when you win a trade so they don't care.
All you will find i think it something like around once you have made £10k profit overall on the account you could then incur the premium charge on profits . Probably best if Martin or Ryan who are full time traders to confirm for sure what the charges are mate