Betfair commission increases to 6.5%
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#1 by lowercase on 04 Feb 2014
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
lowercase
#2 by mkas on 05 Feb 2014
Hi,
I don't mind the increase but different commission is "betUNfair". Everyone should get an even break ...
mkas
#3 by tupp on 09 Feb 2014
Why is the commission differentiated between countries, does anyone know or have an idea ?
tupp
#4 by peleus on 09 Feb 2014
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.
peleus
#5 by tupp on 09 Feb 2014
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.
tupp
#6 by
racepro on 09 Feb 2014
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
racepro
#7 by mkas on 09 Feb 2014
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
mkas
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