6.3% Betfair Commission

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nadeoye
Posts: 15
Joined: Sat Jun 22, 2019 4:37 pm

A quick one here.

For quite sometime, I have noticed that Betfair charges me approx 6.3% in commissions for my winners. Is this normal?
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Derek27
Posts: 23478
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

nadeoye wrote:
Wed Dec 07, 2022 11:57 am
A quick one here.

For quite sometime, I have noticed that Betfair charges me approx 6.3% in commissions for my winners. Is this normal?
Are they small wins? After rounding off, the smaller the profit the bigger the discrepancy.
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

Australian markets or elsewhere? UK markets should be 2%. Aus is more but you get a base rate discount on those dependant on how many points you've accrued. (for UK account holders) which might explain the fraction.

https://www.betfair.com.au/hub/help/com ... s-charges/
nadeoye
Posts: 15
Joined: Sat Jun 22, 2019 4:37 pm

Derek27 wrote:
Wed Dec 07, 2022 12:00 pm
nadeoye wrote:
Wed Dec 07, 2022 11:57 am
A quick one here.

For quite sometime, I have noticed that Betfair charges me approx 6.3% in commissions for my winners. Is this normal?
Are they small wins? After rounding off, the smaller the profit the bigger the discrepancy.
From what I have seen so far, it looks like I am being charge a standard commission of 6.5%. I am actually residing in Nigeria so maybe that's why.
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Archangel
Posts: 1987
Joined: Thu Jun 27, 2013 3:03 pm
Location: Polo Lounge, Beverly Hills Hotel

You have to select the option to be put on 2% or they will put you on 5% as far as I know for UK markets
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ShaunWhite
Posts: 9731
Joined: Sat Sep 03, 2016 3:42 am

nadeoye wrote:
Sat Jan 14, 2023 5:49 pm
From what I have seen so far, it looks like I am being charge a standard commission of 6.5%. I am actually residing in Nigeria so maybe that's why.
Yep that's why. https://oddshero.io/en/blog/betfair-com ... -explained
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Realrocknrolla
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Joined: Fri Jun 05, 2020 7:15 pm

thetennispredict wrote:
Wed May 17, 2023 6:47 pm
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