We reward you with Betfair Points when you win or lose on the Betfair Exchange. When do I pay Commission? Betfair charges Commission only on your net winnings on a market. You do not pay commission on losing bets. How much Commision do I pay? This is how it is calculated: Commission = Net Winnings x Market Base Rate x (100%-Discount Rate).
The commission rate on Exchange Games varies between the games as specified below: Baccarat - Main market: 2%; Baccarat - Side bets market: 2.5% Blackjack: 4%; Bullseye Roulette: 4%; Card Derby Racing: 4%; Hi Lo: 3%; Texas Hold’em: 2.5%; Omaha Hi: 2.5%
Betfair Exchange Betfair commission is paid on winnings and rates are on a sliding scale, starting at 5% and down to a low of 2%. Your discount rate reduces the percentage of commission you pay and is based on how many Betfair points you earn.
This is calculated relatively easily. The base rate in which Betfair Exchange charges commission is 5% currently, which is higher than many of the brand’s competitors. The way they calculate their commission isn’t a difficult equation to understand with 5% deducted from a player’s net winnings.
With the Market Base Rate at 6%, the commission you will pay is $100 x 6% = $6.00. What are the different Market Base Rates? Market Base Rates for Sport and International Racing Markets is currently 5%.
Therefore the commission you pay is £12 (£400 x 5% x (1-40%)). You earn 120 Betfair Points. For the purpose of calculating Betfair Points your commission or implied commission on a market is rebased to British Pounds at the time of settlement.
In recent years, new entrants into the exchange market have undercut Betfair’s commission rate in an attempt to wrestle business away from Betfair. Until now Betfair has held their position on commission charges, a standard 5% with reductions down to a minimum of 2% for loyal customers based on their turnover.
PPB Counterparty Services Limited, Betfair Casino Limited, TSE Malta LP and PPB Entertainment Limited are licensed and regulated in Great Britain by the Gambling Commission under account numbers 39439, 39435, 39561 and 39426.