With the Market Base Rate at 6%, the commission you will pay is $100 x 6% = $6.00. What are the different Market Base Rates? Market Base Rates for Sport and International Racing Markets is currently 5%.
Betfair charges Commission only on your net winnings on a market. You do not pay commission on losing bets. How much Commision do I pay? This is how it is calculated: Commission = Net Winnings x Market Base Rate x (100%-Discount Rate).
Betfair charges commission on winning sports Multiples bets. The commission is usually 5% of winnings but may vary from time to time. Always check the Rules tab to be sure what commission rate applies. If your Multiples bet loses you do not pay commission. Betfair Points are awarded in the same way as for sports betting markets.
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In recent years, new entrants into the exchange market have undercut Betfair’s commission rate in an attempt to wrestle business away from Betfair. Until now Betfair has held their position on commission charges, a standard 5% with reductions down to a minimum of 2% for loyal customers based on their turnover.
Betfair has a standard commission rate of 5%. That applies to almost every sport, in every country, around the globe…except Australia. Due to the differing fees charged by the AFL, NRL, and the various racing commissions, Betfairs commission rate for Australian sports is variable.
Commission is only charged on the net winnings of bets. Losing bets aren’t subject to any charges. Betfair commission is calculated using a market base rate of 5%. Commission = Net Winnings x 5% x (1 – Discount Rate). However, over time the commission Betfair charges its customers can change by way of a discount rate.
The reality is, you probably don’t qualify for the Betfair premium charge yet…. If you do, unlucky. This post will help…. Plenty make the lower threshold at 20%. Whilst less hit the upper bracket of 40% plus. But don’t let it stop you, it’s only a small obstacle.
Betfair commission is paid on winnings and rates are on a sliding scale, starting at 5% and down to a low of 2%. Your discount rate reduces the percentage of commission you pay and is based on how many Betfair points you earn.