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How does Betfair premium charge work?


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Hy,

I need to know something about the Premium Charge. I called Betfair support but they just pass me arround and say they will email me but never end up doing so.

How does the premium charge work? If you make over a period of time over £120.000 it takes 60% of your money. More exactly what money all the money that you have in your wallet or just 60% of the winnings which you make that are over £120.000. Say you make £200.000 on one huge lay bet on the races and you have £200.000 in your Betfair account will Betfair take 60% of £400.000, or 60% of £200.000 your winnings. Will you end up having £160.000 in your walled or £280.000?

Thank you PLEASE HELP !!!

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