Betfair Exchange’s Lay Commission. Betfair make money (and a lot of it!) through commission. Whenever a bet wins, Betfair takes a certain percentage. This commission changes based on how much you use the service. This is Betfair’s way of rewarding frequent users and keeps punters regularly placing bets. Betting Exchange Commision Fees Betfair. Betfair charges a Commission on your net winnings on a market. If you have a net loss on a market you do not pay commission. Commission is calculated by multiplying your net winnings by the Market Base Rate (MBR), as shown on the Rules tab of each market. For example, if you win £100 on a market with an MBR of 5%, you will pay £5 in commission. Attention: Bear in mind that Betfair charges a commission of up to 5 % from the profit of your bet; that means your account will only be credited with 95 % of the profit you generate. If you lose your bet you do not have to pay any commission. figure 3: Betfair screen after placing a back bet on Manchester. What is “lay”-betting? Betfair commission is derived from a market base rate of 5%. Commission Here is an example £400 x 5% x (1- 40%) = £12 commission. 40% is an example of a customer who has earned a 40% discount Bet on the Betfair Exchange and any commission paid within the first 30 days will be refunded in cash, up to a max of £500. Plus we've automatically opted you into the Basic Package, which will give you a 2% commission rate after the promotion period has ended. Betfair Exchange charges Commission on winning bets. If you are opted into “My Betfair Rewards”, we use your chosen package to decide on commission rate. Otherwise, we use a Market Base Rate according to where you live to calculate your commission. The commission applied by Betfair on this game is 2.5%. The commission charged by Betfair is applied only to the profit (i.e. net winnings) which you obtain in the game market so you only pay commission if you are successful in a given game market. If you have a net loss on a game market you do not pay commission. Customising the game What is Betfair commission? Betfair charges its customers betting exchange fees in the form of commission. 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). Betfair International Plc is licensed and regulated by the Malta Gaming Authority. Licence Number: MGA/CL3/454/2008 17th March 2015, Triq il-Kappillan Mifsud, St. Venera, SVR 1851, MALTA. Warning: Although the current score, time elapsed, video and other data provided on this site is sourced from "live" feeds provided by third parties, you should be aware that this data may be subject to a time delay and/or be inaccurate. Please also be aware that other Betfair customers may have access to data that is faster and/or more accurate than the data shown on the Betfair site.
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