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Betfair Commission and Charges | Your State By State Guide

On Australian thoroughbred, harness and greyhound racing, the Market Base Rate ranges from 6% – 10% depending on the state and racing code. Betfair is charged different fees to provide the betting exchange from state to state. These variable Market Base Rates are reflective of the fees each racing body charges Betfair.

What are the Betfair commission rates for each state ...

What are the Betfair commission rates for each state? Betfair has a standard commission rate of 5%. That applies to almost every sport, in every country, around the globe…except Australia. Due to the differing fees charged by the AFL, NRL, and the various racing commissions, Betfairs commission rate for Australian sports is variable.

Betfair Commissions and Charges | Before You Bet

However on Australian racing, the MBR is set at between 6% and 10% depending on the state and racing code. The commission is automatically deducted from your winnings after the market is settled, regardless of whether your bet is a lay or back bet. For higher volume customers, there are deductions from these rates, while extremely high activity ...

Exchange: What is the Discount Rate? - Betfair

Betfair Exchange charges Commission on winning bets. If you are opted into My Betfair Rewards, the discount rate only applies in Australasian markets. Otherwise, we use a Market Base Rate according to where you live to calculate your commission.

Betfair: Calculating the Commission - Champion Bets

There is no commission payable on losing bets: as Betfair is a betting exchange, each bet has a winner and a loser on either side of the wager. The winner pays the commission. The vast majority of Betfair markets worldwide – sports and international racing – have a 5% market base rate. Australian thoroughbred racing is higher (lucky us ...

Racing NSW Turnover Charge | Betfair Commission & Charges

Betfair Pty Limited is licensed and regulated by the Northern Territory Government of Australia. Betfair Pty Limited's gambling operations are governed by its Responsible Gambling Code of Conduct and for South Australian residents by the South Australian Responsible Gambling Code of Practice. Think! About your choices. Don’t let the game play ...

Racing NSW Race Fields Fees Explained | Betfair

betfair's customer objective - low commission rate Since its inception in Australia in 2006, Betfair has fought tirelessly to gain a level playing field and negotiate an equitable product fee model for a betting exchange.

Betfair Charges

certain Australian racing markets in a particular way. Details of the Turnover Charge are set out in Section 8 below. 1. Commission, Market Base Rate, Discount Rate, Betfair Points, Betfair Points Statement and Betfair Holidays This section only applies to the Betfair Exchange. Betfair charges a Commission on your net winnings on a market. If ...

Betfair Charges - Betfair Online Betting

The Market Base Rate is 5%. Your current Discount Rate is 40%. Therefore the commission you pay is £12 (£400 x 5% x (1-40%)). You earn 120 Betfair Points. Example (using implied commission): You have net losses in a market of £100. The Market Base Rate is 5%. Your current Discount Rate is 30%.