Betfair Rewards Plan - 2% commission!!

[jamesedwards]

Thanks @jamesedwards and @ShaunWhite

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

This hint is the key that solves the puzzle

(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.

[account_deactivated]

The big question is how houdini rakes in a massive 16k a month without being a maths expert haha? Very apt username...

[Jim Royle]

The big question is how houdini rakes in a massive 16k a month without being a maths expert haha? Very apt username...

[houdini]

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.

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

[jamesedwards]

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

[eightbo]

You still pay PC so they could offer you 0% and it wouldn't make a blind bit of difference.

It does make a bit of difference. On 2% most traders would be generating more commision than paying, and vice versa with 5% comm rate. I'm calculating paid/generated commision of my bots and can simulate different commision rates. You'll have to trust me that these figures are correct or do your own excel simulations.


Scenario 5%:
gross pl 1790.92
paid comm 405.77
generated comm 297.75
PC 60.43 (1790.92 * 0.2 - 297.75)
total comm 466.2 or 26% of gross pl

Scenario 2%:
gross pl 1790.92
paid comm 162.31
generated comm 176.02
PC 182.16 (1790.92 * 0.2 - 176.02)
total comm 344.47 or 19.2% of gross pl

2% scenario you get a lot bigger PC charge, but total comm paid is 122 less

i'm using 2% flat, and my activity still produces a buffer so dont pay any fees as of right now
which is better —
1) Stay on 2% then churn comms using a 50.3% value betting bot (currently on the shelf) ?
2) Stay on 2% then increase to 5% if start running out of expert fee?