Market base rate

[mrbruce]

It would appear you can get the market base rate from the MarketCatalogue / MarketDescription.

https://docs.developer.betfair.com/d...ketDescription

marketBaseRate

double

The commission rate applicable to the market

However, testing would suggest this might be wrong (seeing 5% listed, but having 4.5% applied on markets)

The discount rate, appears to be attached to the account funds (at least from non-AU/NZ)

discountRate

double

User Discount Rate. Please note: Betfair AUS/NZ customers should not rely on this to determine their discount rates which are now applied at the account level.

The links provided on the "info" link on a market are both broken:

https://support.betfair.com.au/en/ap...etail/a_id/414
https://myaccount.betfair.com.au/rew...s-and-holidays

This page suggests AU/NZ discount rates don't apply anymore: https://www.betfair.com/aboutUs/Betfair.Charges/

Table D
No discount rate will apply to customers in the following territories (with effect from the date set out next to the applicable territory).

Territory	Date
Albania	1 May 2017
Australia	1 March 2022
New Zealand	1 March 2022

However, if my testing is correct, I can see a 4.5% rate being charged but advertised at 5%?

I cannot for the life of me work out the current state of commission rates & discounts. So my question is,

- Through the API, what is the correct field to know (a) the commission rate for a market and (b) the current discount rate for an account
- Through the website, where can a user go to see both (a) and (b) as above?

[jabe]

Users can earn lower coimmission rates through a certain amount of usage. It's to do with keeping liquidity in markets. I don't know all the details.

Unfortunately what appear likely to be the same users can be penalised if they make too much profit, but it's some years since I read about all this. I don't recall the details, but one needed turnover in excess of £250,000 for this penalty. It may have been a lifetime profit. As I said, I can't recall the details.

[BetfairDeveloperProgram]

Hi mrbruce,

For Australian customers, you can see further details via https://www.betfair.com.au/hub/help/...racing%20code.

As mentioned in the documentation, discountRate is no longer applicable to AUS/NZ customers.

Customers who are applicable for My Betfair Rewards (inc UK customers) (see https://www.betfair.com/aboutUs/Betfair.Charges/) will see their discount rate as '0' and the relevant commission rate shown as the Market Base Rate via the API. For example, on the BASIC package commission is charged at a flat rate of 1.75% across all markets

Customers in all other regions (apart from AUS/NZ) and where My Betfair Rewards isn't available will have commission charged based on their Market Base Rate minus their discount rate (https://www.betfair.com/aboutUs/Betfair.Charges/#CIAOR), both of which are availble via the above mentioned API fields.

jabe

Re:

Unfortunately what appear likely to be the same users can be penalised if they make too much profit, but it's some years since I read about all this. I don't recall the details, but one needed turnover in excess of £250,000 for this penalty. It may have been a lifetime profit.

You are referring to Premium Charge - details of which can be found via https://www.betfair.com/aboutUs/Betf...rges/#Premium2

Thanks

Neil

[mrbruce]

Thanks for the replies. Makes sense Neil.