That's good to know.
But do they impose the same sort of "60% winners tax" that betfair does? Or anything close to that?
Because if so, I wouldn't even bother signing up.
I don't need to gamble that badly!
How long do you estimate it will take you to clear £250k profit in Betfair? I'd say sign up and worry about it when it's likely to happen.
Basically, all the money goes on Betfair because that’s where all the money is. It’s a vicious circle, great for BF and very difficult for any competitors to break in to the market.
However, if people are worried about hitting the Premium Commission levels on Betfair, and the other exchanges are mirroring prices, then surely it's worthwhile spreading stakes around.