Betfair commission.

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P1BP27
Posts: 28
Joined: Wed Apr 15, 2009 6:35 pm

I Have been testing a system at prices at 2.0
i know if I get 1 matched at 2.0 I would win £47.50 to a £50.00 stake after commission.
i know if i get two matched at 2.0 I win nothing...

Question I have is if I get 3 selections matched at 2.0 do i lose £-52.50 or £50.00 as my system works on around a profit of 5%



Many thanks
LinusP
Posts: 1918
Joined: Mon Jul 02, 2012 10:45 pm

You only pay commission on net profit, go onto betfair and check the settings that say something about showing commission. You can then just plug in the 3 bets and it will show you the outcome with commission included.
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Like LinusP states you only pay commission on the overall profit for the market not individual bets within the market. As your position on the market would be a loss of £50 that's all you'd pay.
marko236
Posts: 737
Joined: Fri Jul 12, 2013 11:54 am

Was looking at Betdaq the other day, only 3% comm.
surly most of you pc guys must be using it as much as possible?

And do you get any chances of cross trading if the markets are at different odds?
doncht
Posts: 74
Joined: Mon May 05, 2014 3:57 pm

On paper, looks like Betdaq got the advantage by only 3% commission. But is there a reason why not a lot of people are going that route? Image
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