Betfair premium charge

[jacsman]

I am trying to get my head around the Betfair premium charge and if there is any way around it.
I was looking at doing the overnight trading but by the time you green up you will only be looking at 10 - 15% of the lay bet as profit. If I was looking at making £100 per day profit it would mean laying £1000 per day and I would reach the lifetime threshold of £250K within a year even though I have only achieved £25k - £35k profit.
I hope I have misunderstood and that someone will point me in the right direction but I must say that I cant understand Betfair implementing this rule as in the long run it will affect a lot of people and the liquidity in the market when people who have reached their limit start migrating to other exchanges.

[SharpeShooter]

The BF Premium charge is levied on profit (afaik) not turnover. It is designed precisely to stop the kind of trading you are talking about as BF believe that this takes liquidity out of the market and claim that these accounts run at no profit.

The premium charge affects approx 1-2% of BF accounts and is primarily designed for High Volume Traders (thousands per day). If you ever reach the threshold, open an account in your mum, dad or Goldfishes name