Your Discount Rate will be capped at 20% unless you have completed Betfair's identity and verification requirements. Our Discount Rates are slightly different for some countries, below is for the majority but take a look here if your account is registered in Switzerland, Ukraine , Hungary and Albania.
Therefore the commission you pay is Â£12 (Â£400 x 5% x (1-40%)). You earn 120 Betfair Points. Example (using implied commission): You have net losses in a market of £100. The Market Base Rate is 5%. Your current Discount Rate is 30%. Therefore the implied commission is £3.50 (£100 x 5% x (1- 30%)).
Betfair charges Commission only on your net winnings on a market. You do not pay commission on losing bets. How much Commision do I pay? This is how it is calculated: Commission = Net Winnings x Market Base Rate x (100%-Discount Rate).
How to calculate Betfair point Betfair discount rate is based on how many Betfair points you’ve earned. Betfair gives you the points every time you bet on a Betfair Exchange market regardless of the outcome. You earn 1 point for every 10 pence of commission you paid (means when you win) or would have paid (implied commission if you lose). Betfair updates Betfair Points every Sunday at Midnight (GMT). So, in order to get a 40% discount rate, you need to earn 49,000 points.
What is the discount rate? The discount rate reduces the amount of commission you pay to Betfair and is based on the number of Betfair points you earn. The discount rate is capped at 20% unless Betfair’s identity and verification requirements are completed.
With the Market Base Rate at 6%, the commission you will pay is $100 x 6% = $6.00. What are the different Market Base Rates? Market Base Rates for Sport and International Racing Markets is currently 5%.
Due to the differing fees charged by the AFL, NRL, and the various racing commissions, Betfairs commission rate for Australian sports is variable. The rates for racing are dependent on the state in which the race is being run (note: it doesn’t matter which state you are in). The rates for horse racing are as follows: New South Wales: 10%; Australian Capital Territory: 7%; South Australia: 5%
Betfair Points From To Discount Rate 0 6,999 0% 7,000 16,999 10% 17,000 28,999 20% 29,000 48,999 30% 49,000 - 40% Once your Discount Rate has been calculated, your Betfair Points balance is reduced by 15%. This is known as the Weekly Decay. If you continue to bet at the same level each week, your Discount Rate will remain unchanged.