What Is PB77.co (Premium Bet)?
Premium Bet is a Betfair-powered premium bookmaker in India. Premium Bet promises to provide you with a platform that meets all of your betting requirements in one location. Visit our world-class exchange and sportsbook sites, as well as our upcoming slots and casino offerings. Premium Bet is the portal for all betting lovers.
In general, Indians are interested in making money by placing bets. So every time they are in quest of trustworthy websites. We mainly target Indians between the ages of 22 and 40.
What would a bank do if a segment of clients received a lot of value from a product but paid far lower fees and charges than other customers (and the bank has a near-monopoly on the product)? A bank would raise these customers’ fees and levies, making them so convoluted that most customers couldn’t grasp them. This is precisely the method Betfair employs when it slaps a premium charge on its long-term winning consumers.
Betfair’s premium fee has been a public relations disaster. Customers who used to love Betfair and were their best source of positive word of mouth have now turned into Betfair’s worst source of negative word of mouth.
View your premium charge portal or reports to see how close you are to having to pay the premium charge. To make things more difficult, Betfair alters where you can find this information on a regular basis; first, check your my account section, and if you can’t locate it, contact support.
If you have a premium charge, here’s how it works.
- There are over 250 markets to choose from.
- Are profitable for the duration of your account.
- Have paid less than 20 percent of your lifetime profit in “total charges”.
At the end of any productive week in which you paid less than 20% of profit in “total charges,” you are qualified to pay the premium charge. The premium charge you must pay will bring you up to a profit of 20% for that week. It is withdrawn from your account balance automatically.
- Any win that accounts for more than 50% of your lifetime earnings isn’t worth counting.
- You have a £1000 premium charge allowance, which means that even if you fulfill the criteria, you won’t have to pay the first £1000 premium fee.
- Your premium price for the first week will be refunded.
Confused? You should be because it’s part of the plan. It continues getting more convoluted such that no one can understand it except those in the banking and finance industries who implemented it.
If you win all of your bets in a week and pay a 5% commission, Betfair will treat your account as if you paid 2.5 percent “total charges.”
They will charge you another 17.5 percent premium fee, taking your total premium charge to 22.5 percent, which Betfair would claim is 20% under the premium charge guidelines.
Betfair tries to justify this by claiming that if you lost bets, they would have applied a 2.5 percent implied commission to your “total charges,” despite the fact that you pay no commission on losing bets. The implied commission and “total charges” nonsense will always slant in their favor because the premium price is by definition for winning consumers. It exists to increase premium charges and to make the process more cumbersome and confusing.
What are your options?
During the premium charge allowance period, a dedicated bettor, especially one who has loved and supported Betfair as much as I have, conducts a lot of soul searching. To get your total charges over the 20% mark, you could consider changing your betting style or placing unique bets. I strongly advise avoiding it for two reasons. Sports betting with a profit is a game of razor-thin margins. If you’ve figured out how to make money in the long run, changing your betting strategy to avoid the premium charge is likely to make you lose money. Premium charge avoidance is expressly forbidden by Betfair’s terms and conditions, so you’ll be caught anyhow.
What you should do is consider other betting options. I did, and I discovered cryptocurrency betting; Betfair did me a huge favor there! If you’re about to be charged a premium, the greatest crypto sportsbooks, such as Cloudbet (review) and Sportsbet (review), will more than suffice.
The odds are favorable, and the websites and customer service are outstanding. You can gamble anonymously, nearly for free, and make deposits and withdrawals of any amount at any time, without paying a premium! The premium price will not be eliminated. They won’t want to lose revenue because of the effect it would have on the stock price now that their public relations have taken a knock. So, rather than fighting it, simply migrate to cryptopia; it’s much better.
The Betfair Exchange is a relatively unknown betting alternative for many casual gamblers. However, everyone in the betting industry is aware of the benefits of the Betfair Exchange, which allows you to acquire the best possible odds for your bets, among other things.
Only a few betting sites now provide a betting exchange service, and you’ve probably seen how many different betting sites are available these days.
We believe Betfair, which has a near-monopoly on the betting exchange side of the market, will continue to dominate this sector in the foreseeable future. The British betting site provides by far the most options on its exchange, as well as a user-friendly website. Betfair offers a £100 free wager to new clients who want to try out the Betfair Exchange.
Andrew Black and Edward Wray, two Brits, founded the Betfair Exchange at the turn of the millennium.
Black came up with the initial concept after combining two of his passions: betting and the stock market. He ultimately desired to establish a free betting marketplace. He is also the grandson of UK Conservative Party politician Sir Cyril Black, who was known as a Baptist for his staunch resistance to the legalization of betting shops in the UK.
Because of the popularity of its betting exchange business, Betfair is one of the world’s leading betting companies.
Andrew Black, evidently unaffected by his grandfather’s ideas, tore up the rulebook in 2000 and founded the Betfair Exchange. His co-founded betting enterprise immediately became a betting hit, attracting players from all around the world.
Betfair is now one of the world’s most successful betting organizations, thanks in large part to the popularity of its betting exchange service. The sharpest players can receive the best odds here, and any curious punters looking for the finest odds should give it a shot.
Premium Bet Exchange FAQs
- Is Premium Betting fraught with danger?
Premium Betting is relatively risk-free as long as you approach it with a no-risk mentality and use it appropriately.
- What is the most effective method for winning a premium bet exchange?
Premium Bets are a popular type of wager among punters because they provide them with the opportunity to earn significant quantities of money. To win the bet, punters must make many selections for a single wager, and each selection must win.
- What happens if you have a draw no bet on a Premium Bet Exchange?
Draw No Wager is a simple betting option in which the wager is void if the game ends in a tie.