Question about Commission

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  • The Edge
    Junior Member
    • Aug 2010
    • 25

    #1

    Question about Commission

    Last week I won around £500.00, betting on 63 Horse Racing markets.

    I won 60% of my bets.

    I have 2,000 betfair points, which equates to a 2% commission discount.

    According to the Premium Charge page, my total commission for the week came to 4.33% of my profits.

    How can this be? I would have thought that my total commission would be atleast 0.98 * 5% = 4.9%.
  • Franklin1
    Junior Member
    • Mar 2012
    • 91

    #2
    http://www.betfair.com/aboutUs/Betfair.Charges/

    I haven't been through your calcs, but do you understand PC is based on total charges generated, which assumes 3% comm generated on the other side of your losing bets?

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