Australian nsw trading - worth it?

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mormota
Posts: 4
Joined: Wed Oct 25, 2023 4:38 am

Hey guys!

I have a question. Is it worth trading on aussie nsw horse races? I know there is extra fee, and I found this section on Betfair, but I cant understand, how it's calculated exactly, because I have no experience such high amounts betting.
Is it worth to trade for 1-2-3-4-5 ticks per race? What amount Betfair will deduct exactly? The fee of the complete backing stake (for ex. complete back stake of $1.500) or just from gained profit (for ex. $50)?
Sorry for my misunderstanding.
Anbell
Posts: 2394
Joined: Fri Apr 05, 2019 2:31 am

mormota wrote:
Mon May 20, 2024 7:30 am
Hey guys!

I have a question. Is it worth trading on aussie nsw horse races? I know there is extra fee, and I found this section on Betfair, but I cant understand, how it's calculated exactly, because I have no experience such high amounts betting.
Is it worth to trade for 1-2-3-4-5 ticks per race? What amount Betfair will deduct exactly? The fee of the complete backing stake (for ex. complete back stake of $1.500) or just from gained profit (for ex. $50)?
Sorry for my misunderstanding.
The fee is on the sum of the back stake ($1500), if you don't pay much commission. If you are trading it is almost always not worth betting there.
mormota
Posts: 4
Joined: Wed Oct 25, 2023 4:38 am

Anbell wrote:
Mon May 20, 2024 7:54 am
mormota wrote:
Mon May 20, 2024 7:30 am
Hey guys!

I have a question. Is it worth trading on aussie nsw horse races? I know there is extra fee, and I found this section on Betfair, but I cant understand, how it's calculated exactly, because I have no experience such high amounts betting.
Is it worth to trade for 1-2-3-4-5 ticks per race? What amount Betfair will deduct exactly? The fee of the complete backing stake (for ex. complete back stake of $1.500) or just from gained profit (for ex. $50)?
Sorry for my misunderstanding.
The fee is on the sum of the back stake ($1500), if you don't pay much commission. If you are trading it is almost always not worth betting there.
Thank you Anbell. I am fully understand now.
obviousheinz
Posts: 5
Joined: Tue Aug 01, 2023 3:49 am

mormota wrote:
Mon May 20, 2024 7:30 am
Hey guys!

I have a question. Is it worth trading on aussie nsw horse races? I know there is extra fee, and I found this section on Betfair, but I cant understand, how it's calculated exactly, because I have no experience such high amounts betting.
Is it worth to trade for 1-2-3-4-5 ticks per race? What amount Betfair will deduct exactly? The fee of the complete backing stake (for ex. complete back stake of $1.500) or just from gained profit (for ex. $50)?
Sorry for my misunderstanding.
basketbros
It's great to know the information you share.
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