Question about Betfair commision

Pages: [1]
Author Topic: Question about Betfair commision  (Read 1317 times)
georg41
Newbie
*

Karma: 0
Posts: 36


View Profile

georg41

Question about Betfair commision
« on: June 30, 2017, 02:01:53 AM »

Hi..I dont use 'lay¨ at Betfair, just i use back at arbing.
But i think to start to do trading sometimes, no between betfair-bookmakers, trading only at betfair back-lay.
my betfair account  have around 6% commision.
Tell me..For example,
If i place at the same market,  lay 1.10 (100.91€ my liability) and then i place 1000€ back 1.11, and if wins back,
then how will culculate Betfair commision? At 110€ of back - 6% commision(6.60€) 110-6.60= 103.40..?
Or betfair will charge me commision at 9.09€ who is my sure profit, so bf commision is 0.55€?
(look at my screen)
https://image.prntscr.com/image/oWcNfaIFSL_DPjHGW07D9w.png
« Last Edit: June 30, 2017, 02:05:20 AM by georg41 » Logged
ppintaluba
Pro
*****

Karma: 34
Posts: 618


View Profile WWW

ppintaluba

Re: Question about Betfair commision
« Reply #1 on: June 30, 2017, 02:06:21 AM »

Commission is based on the profit for each market (9.09)
Logged

Smart Bet Tracker
www.smartbettracker.com
gamblehappier
Has some experience
**

Karma: -2
Posts: 157


Gambling is the key in order to survive.


View Profile

gamblehappier

Re: Question about Betfair commision
« Reply #2 on: June 30, 2017, 04:31:32 AM »

If your trading profit at a market:  under 2.5-over 2.5  is 100$, then your commission is 6 $ and clear profit 94
Logged

Believe to yourself is the secret to success.
georg41
Newbie
*

Karma: 0
Posts: 36


View Profile

georg41

Re: Question about Betfair commision
« Reply #3 on: June 30, 2017, 05:30:05 PM »

If your trading profit at a market:  under 2.5-over 2.5  is 100$, then your commission is 6 $ and clear profit 94

Yes i know this. But i ask about trading in betfair , trading in the same market..
1st bet.... lay 1.10 ...backers stake 1009.09€...my liability 100.91€..
2nd bet,....back 1.11...my stake 1000€.
If win my back bet 1.11, then  betfair charge me commision 6% for my 110€? 6.60 commision ,,110-6.60=103.40
Or betfair will charge me commision at 9.09€ ? (0.55€)
Here is my screen
https://image.prntscr.com/image/oWcNfaIFSL_DPjHGW07D9w.png
Logged
ppintaluba
Pro
*****

Karma: 34
Posts: 618


View Profile WWW

ppintaluba

Re: Question about Betfair commision
« Reply #4 on: June 30, 2017, 05:50:11 PM »

My answer was straight. You will pay commission on your 9.09 profit.

Gamblehappier said the same, in other words.

No matter if you placed 1 bet or one hundred bets, back or lay you will pay commission on the net profit for each market.
Logged

Smart Bet Tracker
www.smartbettracker.com
georg41
Newbie
*

Karma: 0
Posts: 36


View Profile

georg41

Re: Question about Betfair commision
« Reply #5 on: June 30, 2017, 06:19:25 PM »

My answer was straight. You will pay commission on your 9.09 profit.

Gamblehappier said the same, in other words.

No matter if you placed 1 bet or one hundred bets, back or lay you will pay commission on the net profit for each market.
Ok, thank you i understand. I will pay commission only at the net profit (9.09€)..I will pay 0.55€ commission.

Now i want to ask something else.
If i do something like this every day at betfair, 10 bets per day (1.10 lay 1.11 back with 1000+€)
 With this way i will place 11.000€ wagers per day and betfair will win only 5.55€ of my bets
So i think that after some bets  they will charge at my account special charges.(i think this is PREMIUM CHARGES)
Something like this i understand when i read terms of betfair for customers who are winners and they have betting  strategy with very low commision
Do you know to explain me about this?
« Last Edit: June 30, 2017, 06:28:00 PM by georg41 » Logged
gamblehappier
Has some experience
**

Karma: -2
Posts: 157


Gambling is the key in order to survive.


View Profile

gamblehappier

Re: Question about Betfair commision
« Reply #6 on: July 01, 2017, 02:44:52 AM »

As ppintaluba said ,the commission is on your net profit.

Premium charges is extra charge you should pay due to winnings.Most traders will pay premium charges but also some arbers.This is the move of betfair to reduce profit form winners and especially traders.
Premium charges move some people to matchbook ,smarkets and of course stocks.Check also this

You will only be considered for the Premium Charge if, over the lifetime of your account, you satisfy all of the following criteria:

Your account is in profit;
Your total charges generated are less than 20% of gross profits; and
You bet in more than 250 markets.

I hope it helps..
Logged

Believe to yourself is the secret to success.
betlucky
Newbie
*

Karma: -2
Posts: 30


View Profile

betlucky

Re: Question about Betfair commision
« Reply #7 on: July 21, 2017, 12:46:05 PM »

Commission is based on the profit for each market (9.09)
that's right
Logged
DkStyle
Newbie
*

Karma: 0
Posts: 8


View Profile

DkStyle

Re: Question about Betfair commision
« Reply #8 on: July 22, 2017, 10:21:54 PM »


You will only be considered for the Premium Charge if, over the lifetime of your account, you satisfy all of the following criteria:

Your account is in profit;
Your total charges generated are less than 20% of gross profits; and
You bet in more than 250 markets.

I hope it helps..

Question. I always wondered about the 250 markets thing. Does that mean 250 different markets? Or does it mean that if I have bet the 1X2 winner market in 250 games, then I qualify? Because you can pretty quickly get to have bet on 250 different soccer games I think.
Logged
dealer wins
Pro
*****

Karma: -5
Posts: 546



View Profile

dealer wins

Re: Question about Betfair commision
« Reply #9 on: July 22, 2017, 10:54:19 PM »

Its 250 individual markets , whether they be different markets on the same match, or 250 markets on separate events.

Logged

Never trust a goose!!!
DkStyle
Newbie
*

Karma: 0
Posts: 8


View Profile

DkStyle

Re: Question about Betfair commision
« Reply #10 on: July 23, 2017, 10:47:40 AM »

Its 250 individual markets , whether they be different markets on the same match, or 250 markets on separate events.

Ok, thanks for clarifying that. Then I guess there is no need to worry if you just bet 1X2 winner and Over/under markets.
Logged
betlucky
Newbie
*

Karma: -2
Posts: 30


View Profile

betlucky

Re: Question about Betfair commision
« Reply #11 on: August 11, 2017, 09:30:50 AM »

Its 250 individual markets , whether they be different markets on the same match, or 250 markets on separate events.
thank you it's very clear
Logged
Pages: [1]
Print