Category: Betting

Essentially a bookmaker will charge your account an inactivity fee (usually £4/£5 a month – varies by bookmaker) if you have a balance and haven’t used the account for a period of time (12 months+ – again varies by bookmaker). They will keep taking money each month from the account until the balance is zero. … Continue reading 123. Inactivity Fees

Let’s take a look at a real life example of Premium Charges and how it works in reality. Whilst being profitable on Betfair the introduction of the two iterations of the Premium Charge had zero impact on me. I didn’t start making decent profits until 2011/2012.  I was well aware of the Premium Charge obviously … Continue reading 122. Premium Charges (3)

So the way Betfair tried to justify the second iteration of the Premium Charge was by telling all and sundry that they would use the money it generated to bring in new players. They were in essence saying they would replenish the pond with fish. It’s important to understand how the Betfair ecosystem works. Like the … Continue reading 121. Premium Charges (2)

This is always a pretty emotive subject as it has had such a big impact on the Betfair ecosystem and despite being first introduced in 2008 it still has a huge and lasting impact today. Let’s look at its history and why it was introduced. I was working at Betfair when it happened. The first … Continue reading 120. Premium Charges (1)

This is a subject that has been incredibly well covered over the years and there is huge amounts of content/research out there relating to it. It affects every walk of life though and is incredibly important to understand if you want to be successful, especially at gambling. One of the great joys I have about … Continue reading 119. Biases

Another day another fine handed out by the Gambling Commission. This time it was £2.87m to Betfred for social responsibility and anti-money laundering failures. Another slap on the wrist warning about future failures. One of the headline aspects to the story was a customer being able to deposit and lose £70k over a ten hour … Continue reading 115. Responsible Gambling (2)

I have always thought staking and staking plans to be one of the more overrated factors when it comes to being successful at betting. That’s not to say that if you absolutely butcher it that it wont be a potential game changer. So much attention is given to it though. Relatively. I think as long … Continue reading 113. Staking Plans

I was recently reminded of a very simple premise in this game. If you place a bet that cant win, it shouldn’t be able to lose either. There tends to be a fairly unique set of circumstances around these bets these days. Most non starters have bets voided/refunded.  The one I was reminded of involved … Continue reading 112. Can’t win can’t lose