Turnover Charge Clarification

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  • BigSprout
    Junior Member
    • Feb 2011
    • 60

    #1

    Turnover Charge Clarification

    Due to the maintenance program being carried out by Betfair, I thought I would do the same and tidy up my program, adding calculations for the turnover charge that is applied to some racing markets in Australia.

    Reading the explanation, I came across this rule:

    “have matched back bets with an aggregate value of $2000 or greater on turnover charge markets”

    I searched but could not find a definition for the meaning of “aggregate value”.

    An example:
    I have 2 “BACK” Orders placed on different NSW thoroughbred markets which are matched:
    $10 @ $5.20
    $10 @ $2.60
    Is the “aggregate value” $20 – total of my stake on the runners; or
    (10 * 5.20) + (10 * 2.60) = $78

    My initial understanding was that it is $20, but the more I read it the more I confuse myself, appreciate a clarification.

    cheers
  • BigSprout
    Junior Member
    • Feb 2011
    • 60

    #2
    Answer from Help Desk Aus.

    For those that may be interested:
    “aggregate value” is the total of the "Stake" amount only of each matched Back Order

    cheers

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