Betfair Rewards Plan - 2% commission!!

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jamesedwards
Posts: 3996
Joined: Wed Nov 21, 2018 6:16 pm

houdini wrote:
Sun Jun 22, 2025 8:07 pm
Thanks @jamesedwards and @ShaunWhite

The answers are enlightening and the calculations are easy to understand even for those who are not math expert :D

This hint is the key that solves the puzzle
jamesedwards wrote:
Sun Jun 22, 2025 6:03 pm
(always returning1.25% of losing markets no matter which commission rate you pay)
Although my win% is high, I think I will have an advantage in changing to the 2% plan, here are the values ​​of my last 30 days so that you can make a more accurate calculation.

profit.png
Here's what I make it...

On 6% plan:
Gross profit = £17,367
Commission paid = £1,663
Commission generated = £960 = (£831 + £129)
Expert fee due = £5,987
Net profit = £9,717

On 2% plan:
Gross profit = £17,367
Commission paid = £554
Commission generated = £406 = (£277 + £129)
Expert fee due = £6,541
Net profit = £10,272

A difference of £555.
csewell1987
Posts: 19
Joined: Wed Feb 14, 2024 1:51 pm

The big question is how houdini rakes in a massive 16k a month without being a maths expert haha? Very apt username...
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Jim Royle
Posts: 72
Joined: Tue Dec 10, 2019 3:21 pm

:lol: :lol: :lol: :lol:
csewell1987 wrote:
Sun Jun 22, 2025 11:44 pm
The big question is how houdini rakes in a massive 16k a month without being a maths expert haha? Very apt username...
houdini
Posts: 3
Joined: Sun Jun 22, 2025 3:58 pm

jamesedwards wrote:
Sun Jun 22, 2025 9:02 pm
Here's what I make it...

On 6% plan:
Gross profit = £17,367
Commission paid = £1,663
Commission generated = £960 = (£831 + £129)
Expert fee due = £5,987
Net profit = £9,717

On 2% plan:
Gross profit = £17,367
Commission paid = £554
Commission generated = £406 = (£277 + £129)
Expert fee due = £6,541
Net profit = £10,272

A difference of £555.
Perfect, even discounting £225 in freebets, 2% plan is clearly better and in months with a worse win% the difference will be more noticeable. I will request the change for next month.
csewell1987 wrote:
Sun Jun 22, 2025 11:44 pm

The big question is how houdini rakes in a massive 16k a month without being a maths expert haha?
I'm not an expert in math but I'm not dumb either :lol:
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jamesedwards
Posts: 3996
Joined: Wed Nov 21, 2018 6:16 pm

csewell1987 wrote:
Sun Jun 22, 2025 11:44 pm
The big question is how houdini rakes in a massive 16k a month without being a maths expert haha? Very apt username...
Consistently Betfair profitable - level 3 difficulty
Consistently five figures profitable - level 5 difficulty
Properly understanding PC/EF - level 10 difficulty :lol: :lol: :lol:
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