Here is how our managed account scheme works;

Step 1
Choose the level of your initial trading bank. The options are shown on the Centaur Managed Account application form. Step 2
Complete the Centaur Managed Account application form and return it together with your cheques in respect of your initial trading bank/subscription.

Step 3
We send you a confirmation letter accepting and confirming your instructions, plus a receipt in respect of your payments.

Step 4
Acting in accordance with our daily instructions, our agents are responsible for the placing of all Centaur trades on behalf of Centaur Managed Account holders. All trades will be advised by email/text to Centaur Managed Account holders prior to the match taking place.

Step 5
Winnings/losses are calculated daily and you will receive a monthly statement detailing all transactions on your account. In order to help offset the additional Centaur Managed Account administration costs we charge a 5% commission on the profit element of winning trades. This is in line with the 5% Betting Exchange commission deducted from the winnings of those trading for themselves. If you have chosen the income option a cheque for any end-month net balance in excess of your initial trading bank will be sent with your statement.

Settlement of Trades

For the avoidance of doubt, all Centaur Managed Account trades are settled on the basis of the traded prices.

The performance of managed accounts for the Bismark and Maxnet products is identical to published website performance. However performance for Racing and In The Pink Managed Accounts can vary due to the special market conditions that exist in the Racing Market.

Security of Your Funds

Your funds are held in the segregated Centaur Group Client Account at Barclays Bank, Morpeth, Northumberland, NE61 3YY. Monies held in this account remain at all times the property of our clients and save in accordance with your written instructions will neither be used in any other way by Centaur, nor form any part of the assets of the Group. No interest is payable on this account either to Centaur or Centaur Managed Account holders.