To get the number youвЂ™re looking for, just turn percentages into decimal numbers. в‚¬200 (Your Net Winnings) x 5% (Market Base Rate) x (1 - 2% Discount Rate) = Commission HereвЂ™s how youвЂ™re going to calculate the commission youвЂ™re going to pay on a profit of в‚¬200: LetвЂ™s say you have collected more than 1,000 Betfair Points (2% off) and the Market Base Rate for your country is 5%. Remember the formula for calculating the commission? Well, itвЂ™s time to use it with the Betfair Discount Rate included. How to Calculate Commission When Betfair Discount Rate is Applied? Practically, this means that you get the fee reduction after youвЂ™ve paid a total of в‚¬100 in commission (or implied commission). And once you collect enough of them to reach a certain milestone, a Discount Rate will be applied.ДЄs you can see in the example above, the number of Betfair Points you need in order to qualify for a 2% Discount Rate is 1,000. So, for a commission fee of в‚¬20, youвЂ™re going to receive 200 Betfair Points. In both cases, one Betfair Point is rewarded for every 10 cents of commission. In the case of a losing bet, the number of points the player gets depends on the implied commission, that is, on the fee they would have paid if their bet were a winning one. In the case of a winning bet, points are calculated based on the commission the player has to pay. The obvious question is how do I collect Betfair Points? The answer is through backing and laying bets on this betting exchange platform.Д«etfair Points are rewarded to every bettor, regardless of whether their bet is a winning or a losing one. The more points you collect, the higher the discount youвЂ™re going to get. In order to get your discount, you need to collect enough Betfair Points. The fee that Betfair charges goes down when the Discount Rate is taken into account. And if youвЂ™re a matched bettor, youвЂ™re going to be betting quite a lot! What Is Betfair Discount Rate? You just need to earn the Betfair Discount Rate, which is achieved through betting a lot. Although itвЂ™s not possible to do it straight away, you can get a fee reduction in a matter of days. Giving away в‚¬10 to the exchange for a net profit of в‚¬200 might seem too much in your eyes, but the good news is that there is a way to reduce the fee. As your default Discount Rate is zero, you can simply disregard this part of the equation. In maths, 5% equals to 0.05, so in this particular case, your commission is 200 x 0.05, which is в‚¬10. LetвЂ™s say that youвЂ™ve won в‚¬200, the commission youвЂ™re going to be charged equals 5 percent of that amount. In most cases, the Market Base Rate is 5%. Your Net Winnings x Market Base Rate x (1 - Discount Rate) = Commission To calculate how much money youвЂ™re going to have to give away to Betfair, you can use this simple formula: It depends on several factors, including the location of the player and their Discount Rate.ДЄt the beginning, your Discount Rate is going to be zero, meaning that you will be charged a 5% commission fee on your betting profits. The commission a player has to pay to Betfair betting exchange can be anywhere from 7% to as low as 2%. How Does Betfair Commission Structure Work? You collect Betfair Points by backing and laying bets at this exchange.By collecting Betfair Points, you qualify for a Discount Rate that can get to as much as 60%.Betfair commission depends on your location and on the Discount Rate.To understand how Betfair commissions work, keep on reading! But, unlike other betting exchanges, the commission Betfair charges is not the same for all players. Betfair, the same as any other betting exchange earns its money by taking a commission from the players.

Betfair exchange rates