betfair commission

hi oxa,tim
my betfair commission is now 7.5%.
but the profit shown in the markets is for 5%, this means that what i see and what my triggers see is not correct.
if i use the commission formula, it is wrong.
i do use *1.08 and *.92 as my calculations.
it would be better if we had an option to pre set the commission rate in the settings to what we are charged by betfair.
because it looks like there are going to be many different commission rates soon.


mcbee

Are the rates still the same for this month?

hi
it depends on the country that you live in, but betfair will inform you by email of any changes to your commission rate.

mcbee

mcbee, the P/L is calculated with the market's commission rate in mind. I wonder what happens if it is different from the actual commission BetFair charges you based on your location.

Is the market commission somehow overruled if your personal commission has a higher rate?

Interestingly, there is such thing as a "user discount" which implies you may have the base market commission discounted, i.e. lessened, but not sure it applies the other way round when the commission is in fact increased.