Betfair initially deducted 20pc of gross profits from successful punters gambling in more than 250 betting markets. In July, such charges were raised to 40pc to 60pc for customers who have won more than £250,000.
Mr Sayaniya alleges he has bet in less than 250 markets and made a £24,000 profit. However, he claims that on September 5 his account was suspended \”under investigation of Premium Charge avoidance\”. On September 20 he received an email from Betfair\’s \”pricing team\” stating his account shared a similar betting strategy with four others, all of which would be taken into consideration for the charges. Betfair deducted all £52,352.85 in his account.
So if you happen to win then they charge you extra fees? Up to 60% of what you\’ve won?