Commission at Betfair

[Stephen999]

Firstly hello everyone.

I recently purchased Bet Angel on a one month trial. I am not a gambler, I am looking at arbitraging and also back/lay for small individual profit with the aim of a little extra potential income and some brain exercise. Well I am certainly getting the brain exercise!
I have been through the forums, and also looked on Google, but I cannot find anything to help me understand why I would not want to be able to account for Betfair commissions on winnings, as surely this is crucial? If I have a back/lay in place with say £200 lay liability versus £205 payout on a back bet, then if the back wins I lose £200 on the lay liability and win £205 less commision of 5% on the back, giving me a net back win of £194.75 against £200 paid on the lay liability. Therefore the profit I have is in fact a loss after commission.

One poster said that they could see no reason why a trader would want to know about commission. Why on earth would that be the case?

As far as I can find out it is not possible to configure Bet Angel to account for commission.

Help!

[andyx1x]

Hi,

You only pay the commision on the overall winnings.

So you would be winning £5 in this case, so the commision would be 5% of the £5, not on the whole £200.

[Stephen999]

Thanks so much, now I see why commission is of no interest.