Betfair commission %?

[Robbo71]

Hello, very new to this. Just downloaded Bet angel yesterday. I am a bit confused about how betfair commission is/is not factored in, does the 5% commission not eat up any small profits.
Hope someone can help.
cheers

[Dallas]

It only comes off your profits at the end when the market is settled, so even if you won a £1 you'd pay just 5p in commission on that market.

Bet Angel Pro also has the option to show your P/L net of commission so you can what you would actually win once you are paid out

[Robbo71]

Ok Thanks, so I was experimenting with low stakes on scalping, and got a match on back and lay 1 point apart with a trade profit of 40p, but when calculating the win profit commission and taking that off, I have actually lost 12p. Doing something wrong somewhere obviously, LOL.
Glad I didnt go in at £10.

[Dallas]

Ok Thanks, so I was experimenting with low stakes on scalping, and got a match on back and lay 1 point apart with a trade profit of 40p, but when calculating the win profit commission and taking that off, I have actually lost 12p. Doing something wrong somewhere obviously, LOL.
Glad I didnt go in at £10.

Not sure how you done that
but the commission on 40p would have been 2p, so you'd have won 38p when the market was settled

[Robbo71]

Laying and betting at £2
So, if the horse won, I would get £11.60 less 58p commission, leaving £11.02
with a liability of £11.20

if the horse lost I lose £2 from back bet , but get £2 back from lay, less 10p commission, so have lost 10p


Or is the commission charged on the trade as a whole, i.e 5% of the 40p trade profit?

If on total trade, then happy, it means I might be starting to get the hang of it a little.

Thanks for your help.

[Dallas]

Laying and betting at £2
So, if the horse won, I would get £11.60 less 58p commission, leaving £11.02
with a liability of £11.20

if the horse lost I lose £2 from back bet , but get £2 back from lay, less 10p commission, so have lost 10p


Or is the commission charged on the trade as a whole, i.e 5% of the 40p trade profit?

If on total trade, then happy, it means I might be starting to get the hang of it a little.

Thanks for your help.

Its only charged on the total not individual bets

[Robbo71]

Thanks very much for that clarification, yay I made a total of 13p after greening out on two such trades in the race. Better that nowt just for learning.

[jamesedwards]

Thanks very much for that clarification, yay I made a total of 13p after greening out on two such trades in the race. Better that nowt just for learning.

You have an option of 3 different Betfair "Reward plans". The standard has 5% commission but there is a 2% commission option with reduced perks. Most Traders on here will have moved to the 2% option. Check out "My Betfair rewards" under "Promotions and Rewards" tab on your account.