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Betfair commission increases to 6.5%
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Topic: Betfair commission increases to 6.5% (Read 8599 times)
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Posts: 1
Betfair commission increases to 6.5%
«
on:
04 Feb 2014, 00:00 »
Not sure if this has been posted up yet but couldn't find it on the boards, yet worthy of discussion. Betfair increased the commission charges last week.
Here are Betfair's new commission rates:
5% Commission Charge:
United Kingdom
Ireland
Italy
Gibraltar
Malta
Denmark
7% Commission Charge:
Albania
Armenia
Croatia
Monaco
Serbia & Montenegro
Slovakia
6.5% Commission Charge:
All other countries
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mkas
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Posts: 40
Re: Betfair commission increases to 6.5%
«
Reply #1 on:
05 Feb 2014, 21:26 »
Hi,
I don't mind the increase but different commission is "betUNfair". Everyone should get an even break ...
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tupp
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Posts: 365
Re: Betfair commission increases to 6.5%
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Reply #2 on:
09 Feb 2014, 15:25 »
Why is the commission differentiated between countries, does anyone know or have an idea ?
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peleus
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Posts: 80
Re: Betfair commission increases to 6.5%
«
Reply #3 on:
09 Feb 2014, 16:28 »
They're trying to milk the users again. I just wish they have the decency to give out at least a reason for those changes.
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We only live once.
tupp
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Posts: 365
Re: Betfair commission increases to 6.5%
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Reply #4 on:
09 Feb 2014, 16:37 »
In my opinion betfair don't have the same risk as ordinary bookmaker. I read the report from Unibet and if I remember there profit last year in sports betting where ~ 7 %. An ordinary bookie have the risk of not being balanced.
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racepro
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Posts: 829
Re: Betfair commission increases to 6.5%
«
Reply #5 on:
09 Feb 2014, 16:46 »
Hi Tupp and all,
I think the difference in commissions between countries may be related to what percentage tax Betfair needs to pay in each country.
I'm only guessing this may be the case. Perhaps the Betfair community has an answer.
R
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My grandma taught me not to run downstairs and never back odds on.
mkas
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Posts: 40
Re: Betfair commission increases to 6.5%
«
Reply #6 on:
09 Feb 2014, 23:17 »
Hi,
As far as I know betfair has no licenece for online betting in my country. However, its services are let's say tolerated because we belong to EU countries. So they pay no taxes and things like that.
mkas
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Betfair commission increases to 6.5%
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