There have been several organised moves in the past, when the Pc first came in,
sadly it didn't work well and most soon went back to Betfair.
Hopefully with Betdaq's new Make/Take APi commision structure, which is apparently starting March 1st.
Things will start to pick up again.
Betfair Down / Betfair site crash
touch wood, but please excuse my negative attitude/ lack of faithfreddy wrote:There have been several organised moves in the past, when the Pc first came in,
sadly it didn't work well and most soon went back to Betfair.
Hopefully with Betdaq's new Make/Take APi commision structure, which is apparently starting March 1st.
Things will start to pick up again.
If anyone wants to make any suggestions to Shane McLaughlin, Betdaq's Marketing Director, his email address is [email protected].
Jeff
Jeff
to75ne wrote:touch wood, but please excuse my negative attitude/ lack of faithfreddy wrote:There have been several organised moves in the past, when the Pc first came in,
sadly it didn't work well and most soon went back to Betfair.
Hopefully with Betdaq's new Make/Take APi commision structure, which is apparently starting March 1st.
Things will start to pick up again.
.
.From March 1st 2011 we will introduce a new commission structure that will operate for API users as follows:
BETDAQ will operate a scalable commission structure whereby the greater the proportions of offers you make that are taken by others, the lower your rate will be. Commission will continue to be charged on your market winnings from any single market.
The standard commission rate is 5 per cent, but you will be able to bring that down to as low as 1 per cent depending on your activity Take/Make % over a rolling 7 weeks period.
How it Works
1. At the end of each week (0400 Hrs Monday) your Take/Make % over the previous seven weeks will be calculated and your commission rate will be updated on the scale shown below.
2. New customers will automatically enter at the 3% rate.
3. Users with no activity over a 7 week period will be deemed to be 100% Take for their next active week.
(MatchedStake/TotalForsideStake) = Backerstake when user is the backer or Layer of a selection.
(TakeMatchedStake/TotalForsidetakestake) = This is where a user takes an available bet from the site, rather than placing an offer onto the site.
N.B. “Rate” in the example below in any week i.e. (3.5% in Week 1**) is the rate that will be effective for all orders placed during the following week. In the example below therefore, in week 1 the customer would pay 3.00% and in week 2 would pay 3.5%
Scalable Commission Table
Take% Comm Rate
95-100 5%
90-94 4.50%
85-89 4%
75-84 3.50%
65-74 3%
55-64 2.50%
45-54 2%
35-44 1.75%
25-34 1.50%
15-24 1.25%
0-14 1%
Example 1.0 Make Vol Take Vol Take % Rate
Week -7 2500 2500 50% 2.00%
Week -6 2500 2500 50% 2.00%
Week -5 2500 2500 50% 2.00%
Week -4 2500 2500 50% 2.00%
Week -3 2500 2500 50% 2.00%
Week -2 0 5000 57% 2.50%
Week -1 0 5000 64% 2.50%
Week 0 0 5000 71% 3.00%
Week 1** 0 5000 79% 3.50%
Week 2 0 5000 86% 4.00%
Week 3 0 5000 93% 4.50%
Week 4 1000 4000 97% 5.00%
Week 5 2500 2500 90% 4.50%
Week 6 5000 0 76% 3.50%
Week 7 5000 0 61% 2.50%
Additional information
· Promotional commission offers are not available to API customers.
· All customers who wish to use Betdaq via an API must accept the new commission structure and the amended terms and conditions.
· GBE will add details to the Betdaq API program website in the near future on how you can calculate your Take/Make % using existing API calls
· GBE are also reviewing API call limits and profiles and a further update will follow in the near future
We recognise that the move to a scalable market winnings commission structure will impact on those users who predominantly ‘Take’ offers to trade, but this impact can be reduced by adjusting the trading methodology to increase the proportion of ‘Make’ offers. We are determined to restructure the way we charge to motivate users to align their activities with the best interests of our business.
If you require any further clarification please contact us at [email protected]
BETDAQ will operate a scalable commission structure whereby the greater the proportions of offers you make that are taken by others, the lower your rate will be. Commission will continue to be charged on your market winnings from any single market.
The standard commission rate is 5 per cent, but you will be able to bring that down to as low as 1 per cent depending on your activity Take/Make % over a rolling 7 weeks period.
How it Works
1. At the end of each week (0400 Hrs Monday) your Take/Make % over the previous seven weeks will be calculated and your commission rate will be updated on the scale shown below.
2. New customers will automatically enter at the 3% rate.
3. Users with no activity over a 7 week period will be deemed to be 100% Take for their next active week.
(MatchedStake/TotalForsideStake) = Backerstake when user is the backer or Layer of a selection.
(TakeMatchedStake/TotalForsidetakestake) = This is where a user takes an available bet from the site, rather than placing an offer onto the site.
N.B. “Rate” in the example below in any week i.e. (3.5% in Week 1**) is the rate that will be effective for all orders placed during the following week. In the example below therefore, in week 1 the customer would pay 3.00% and in week 2 would pay 3.5%
Scalable Commission Table
Take% Comm Rate
95-100 5%
90-94 4.50%
85-89 4%
75-84 3.50%
65-74 3%
55-64 2.50%
45-54 2%
35-44 1.75%
25-34 1.50%
15-24 1.25%
0-14 1%
Example 1.0 Make Vol Take Vol Take % Rate
Week -7 2500 2500 50% 2.00%
Week -6 2500 2500 50% 2.00%
Week -5 2500 2500 50% 2.00%
Week -4 2500 2500 50% 2.00%
Week -3 2500 2500 50% 2.00%
Week -2 0 5000 57% 2.50%
Week -1 0 5000 64% 2.50%
Week 0 0 5000 71% 3.00%
Week 1** 0 5000 79% 3.50%
Week 2 0 5000 86% 4.00%
Week 3 0 5000 93% 4.50%
Week 4 1000 4000 97% 5.00%
Week 5 2500 2500 90% 4.50%
Week 6 5000 0 76% 3.50%
Week 7 5000 0 61% 2.50%
Additional information
· Promotional commission offers are not available to API customers.
· All customers who wish to use Betdaq via an API must accept the new commission structure and the amended terms and conditions.
· GBE will add details to the Betdaq API program website in the near future on how you can calculate your Take/Make % using existing API calls
· GBE are also reviewing API call limits and profiles and a further update will follow in the near future
We recognise that the move to a scalable market winnings commission structure will impact on those users who predominantly ‘Take’ offers to trade, but this impact can be reduced by adjusting the trading methodology to increase the proportion of ‘Make’ offers. We are determined to restructure the way we charge to motivate users to align their activities with the best interests of our business.
If you require any further clarification please contact us at [email protected]
Betfair are planning a forum chat about the outage
http://community.betfair.com/general_be ... ry_6pm_GMT
http://community.betfair.com/general_be ... ry_6pm_GMT
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Was it not due to them moving the data centre to Ireland?
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Will be interesting to hear what they have to say for themselves and their shocking communication of the problems. Why they can't use twitter and the like to get instant messages out to everyone is beyond me and why some of us were not informed via email!
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andyfuller
- Posts: 4619
- Joined: Wed Mar 25, 2009 12:23 pm
Was it for an amount over £10? They often give a goodwill gesture of £10 if you kick up enough fuss but never known of one for more than that?