2% flat rate commission until halloween

News, chat and debate about the Betfair betting exchange.
eightbo
Posts: 2154
Joined: Sun May 17, 2015 8:19 pm
Location: Malta / Australia

spreadbetting wrote:
Wed Aug 15, 2018 12:14 pm
They'll claw it back in PC don't worry :)
That's the plan
Emmson
Posts: 3363
Joined: Mon Feb 29, 2016 6:47 pm

So I am now on 2% commision until January 31st and I could have chosen to be on 8% commision....was very tempting that.
You do not have the required permissions to view the files attached to this post.
User avatar
Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

I've had several people contact me about these promotions, I guess terms apply and it probably isn't applicable to premium charge payers who will end up paying the higher rate?
JTEDL
Posts: 536
Joined: Wed Aug 23, 2017 2:21 pm

Got this too, I had a survey showing these kind of options a while ago, looks like they've acted on it. It's like booking a Ryanair flight now!

no frills basic option 2% commission, no offers no bonuses - most traders likely to take this
middle option 5% with couple of bonuses/offers - pretty much as it is now
'diamond' option, 8% commission and loads of offers - aimed at mug punters surely, can't imagine any trader going for this?!
User avatar
Euler
Posts: 24701
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ

Was it emailed to you, did it pop up?

Nobody, or anybody I'm linked with ever gets these promotions.
JTEDL
Posts: 536
Joined: Wed Aug 23, 2017 2:21 pm

Got an email, a text and then a pop up when I logged into website!
User avatar
Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

JTEDL wrote:
Mon Oct 01, 2018 8:23 pm
Got an email, a text and then a pop up when I logged into website!
I got a pop up too, can't imagine PC payers will get the options even if they do opt in
User avatar
Derek27
Posts: 23477
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

JTEDL wrote:
Mon Oct 01, 2018 8:05 pm
Got this too, I had a survey showing these kind of options a while ago, looks like they've acted on it. It's like booking a Ryanair flight now!

no frills basic option 2% commission, no offers no bonuses - most traders likely to take this
middle option 5% with couple of bonuses/offers - pretty much as it is now
'diamond' option, 8% commission and loads of offers - aimed at mug punters surely, can't imagine any trader going for this?!
What are the 'diamond' offers? If you're paying PC the commission rate shouldn't make any difference.
JTEDL
Posts: 536
Joined: Wed Aug 23, 2017 2:21 pm

DIAMOND

10% MONTHLY
REFUND ON LOSSES
Bet on min 20 Exchange markets. If you make a net loss over the month on the Exchange we'll refund 10% of losses. Max refund £100. Refund credited 1st working day of the next calendar month. T&Cs apply.


£10 MONTHLY FREE ACCA
Bet on min 20 Exchange markets. Bets must settle within calendar month of promotion. Free acca credited 1st working day of the next calendar month. T&Cs apply.


25 MONTHLY
FREE SPINS
Bet on min 20 Exchange markets. 25 free spins to be used on "Age of Gods". Free spins expire after 7 days of acccepting. Credited 1st working day of the next calendar month. T&Cs apply.


CASH RACE
EXTRA PRIZES
Only winning and losing Exchange & Tote bets count. Paid in Cash. Premium, self-excluded and customers on Betfair holidays will be unable to take part. T&Cs apply.


BEST ODDS GUARANTEED
ON SPORTSBOOK RACING
Applies to Sportsbook Horse Racing bets. Win and Each Way bets only, selected UK and Irish markets.T&Cs apply.


ACCESS ALL
PROMOTIONS
Customers are eligible to take part in promotions offered on site to all e.g. Money Back If Your Horse Trades Odds On And Loses. T&Cs apply.


8%
COMMISSION
Customers will pay 8% commission in exchange markets which settle within the stated promotional period.T&Cs apply.
User avatar
Derek27
Posts: 23477
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Thanks for posting that JTEDL, I see it's not much to get too excited about. :)
pythonic
Posts: 65
Joined: Sun Jul 08, 2018 10:20 pm

I see it as betfair experimenting with their commission rate vs bonus incentives for non-PC customers, given that smarkets and betdaq are both at 2% commisson rate for while now.
Basically you can opt in for 2% commission now if you got this offer.
If you pay PC anyway then the bonuses would represent a windfall, so you don't get the offer in the first place.
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

pythonic wrote:
Tue Oct 02, 2018 11:57 am
If you pay PC anyway then the bonuses would represent a windfall, so you don't get the offer in the first place.
Euler wrote:
Mon Oct 01, 2018 7:28 pm
...it probably isn't applicable to premium charge payers who will end up paying the higher rate?
As a 60% PC payer I was given this offer a few weeks ago and as with all the other offers I keep getting from Betfair I would still have to pay 60% PC so for me I would opt for paying 8% and getting all the bonuses etc. What is interesting to me is that I am getting offers almost every week like this despite not taking them up on a single one of them.

I have never been offered the PC rebate offer though of £500 a week like some have been given.
pythonic
Posts: 65
Joined: Sun Jul 08, 2018 10:20 pm

I also can't be bothered to deal with offers like Free Spins worth 0.20 but I like the Cash Race.
The Super-PC at 60% is hard, andyfuller. But paying 8% commission should at least get you down to 40 or 50% at some point once you have generated enough lifetime commission.
Oscar
Posts: 33
Joined: Wed Mar 07, 2018 6:29 pm

Hi,
I hope I've got the right thread here.

I was going to ask whether any of you seasoned traders had any experience, from your distant past, of Betfair's lowest staking tolerance threshold.

I need to practice in "live" mode, once I've tested in "practice mode", and although I have been using small stakes of £2, this does eventually erode my bank.

I decided to use very small stakes of less than £1. This has been much easier on my bank whilst at the same time highlighting my mistakes. I'm not interested in making money just yet, just perfecting my little bot.

Interestingly, Betfair has charged me higher commission the lower I go :lol: This is fine with me, as long as that's the end of it.
But, if I continue, could there be a penalty looming? and
Does the fact that I need to use "streaming" influence their rates?

Thanks in advance,
Jackie
Emmson
Posts: 3363
Joined: Mon Feb 29, 2016 6:47 pm

Pop up
You do not have the required permissions to view the files attached to this post.
Post Reply

Return to “Betfair exchange”