Editing Betfair (section)

===Premium charge===
In September 2008, Betfair introduced a "Premium Charge" for wagerers whose winnings are particularly high compared to the amount of commission they pay. Specifically, members whose commission charges amount to less than 20% of their gross profits, and have placed bets in at least 250 markets, are required to pay the additional charge to make up the difference.<ref>{{cite web|url=http://content.betfair.com/aboutus/?product=exchange&sWhichKey=Betfair%20Charges|title=Betfair Charges|publisher=betfair.com|access-date=8 April 2009|archive-url=https://web.archive.org/web/20090228144048/http://content.betfair.com/aboutus/?product=exchange&sWhichKey=Betfair%20Charges|archive-date=28 February 2009|url-status=live}}</ref>

Though Betfair stated that the charge would only affect less than 0.5% of its members, it attracted criticism on its member forum and from the broader exchange betting community.<ref>{{cite news|url=https://www.independent.co.uk/sport/racing/betfair-faces-criticism-for-massive-rise-in-charges-924359.html|title=Betfair faces criticism for massive rise in charges|work=The Independent|access-date=8 April 2009|location=London|first=John|last=Cobb|date=10 September 2008|archive-url=https://web.archive.org/web/20090619185001/http://www.independent.co.uk/sport/racing/betfair-faces-criticism-for-massive-rise-in-charges-924359.html|archive-date=19 June 2009|url-status=live}}</ref><ref>{{cite web|url=http://green-all-over.blogspot.com/2008/09/betfair-premium-charge-racing-post.html|title=Betfair bosses deny being too "greedy"|date=12 September 2008 |publisher=racingpost.co.uk|access-date=8 April 2009|archive-url=https://web.archive.org/web/20090524083957/http://green-all-over.blogspot.com/2008/09/betfair-premium-charge-racing-post.html|archive-date=24 May 2009|url-status=live}}</ref> According to ''The Guardian'', the charge significantly changed the relationship between Betfair and its customers, as Betfair can no longer claim to be a neutral betting exchange "where winners are welcome" (its mantra for many years).<ref>{{cite news|url=https://www.theguardian.com/sport/2008/sep/09/horseracing1|title=Betfair: where winners have just become losers|work=The Guardian|access-date=8 April 2009|location=London|first=Greg|last=Wood|date=9 September 2008|archive-url=https://web.archive.org/web/20150109053445/http://www.theguardian.com/sport/2008/sep/09/horseracing1|archive-date=9 January 2015|url-status=live}}</ref>
In June 2011 Betfair raised its Premium Charge to 60% for some customers, a move which was met by outrage.<ref>Hayler, Will. [https://www.theguardian.com/sport/2011/jun/29/betfair-premium-charge-increase "Betfair's premium charge increase welcomes winners with open palms"] {{Webarchive|url=https://web.archive.org/web/20160312134600/http://www.theguardian.com/sport/2011/jun/29/betfair-premium-charge-increase |date=12 March 2016 }}. ''[[The Guardian]]''. 29 June 2011. Retrieved 1 July 2011.</ref>