Am I missing something??

[stig125]

Hi all,
Well, my last problem was solved and I am up and running. Ok, I have still got the training wheels on (thanks to 1.28 having the practice mode) BUT...
One thing that I am well confused about is this -

After watching the vid, I set reverse book and offset at 1 tick etc and laid at £10 at 10 got matched and it fired the offset back... nice £5 profit which I repeated 4 times.

Now, I greened up to a massive £1.05 profit win or lose. Now I am not knocking a £1.05 profit but my losses were £400 and my wins were £420. Am I right in thinking that Betfair will take a chunk (5%) off my £420 ie £21. If that's so, my greened up £1.05 would have turned into a minus £19.95.

Have I got this right??? or, does BetAngel take into account the 5% commission.

Should I cancel the Porsche?

Thanks
Wal

[MarketTrader]

Commission is charged on net winnings.

http://help.betfair.com/contents/itemId ... ex.en.html

[stig125]

Thanks MT.. once again.. I get it now. I have only ever laid or backed a selection before, not both, so have always been charged on winnings.

Thanks for your time
Wal