What commission does Bettor.com charge?


Author admin acount on November 19, 2010 | Print | Bookmark

We have created a betting exchange specifically for the casual bettor. When you sign up at Bettor.com, your commission rate will start at a rate of 1.5%.

We charge commission on the net profit of each bet. We do not charge commission on the net profit per market. In our opinion, this method of charging commission is more favourable for casual bettors and worse for professionals.

As you start betting, your commission rate may start to change as it is based on your net profit or loss after commission paid over the past 24 months.

However, to ensure that we do not raise the commission rate of casual bettors who have had the fortune of winning money over a small number of bets, we exclude their three biggest winning days out of the calculations if the user is at a net profit.

If this calculation makes the users profit into a loss, we assume the profit to be zero. For example, if the user is up 3,400 in the past 24 months and their three biggest winning days totaled to 5,000, we will assume a profit of zero and not a loss of 1,600.

For those accounts that are non-sterling, the profit or loss is converted into sterling and calculations will be based on the current exchange rate.

If you are at a net loss on your account, your commission rate will decrease and can even go as low as 0%. If you are at a net profit on your account, your commission rate will increase and can go as high as 5%.

The commission rate is updated on a daily basis at midnight (GMT).

The net profit and loss is based on the settlement date of bets not the date that the bets were matched.

The commission rate scale is as follows:

Net profit/loss in POUNDS Commission Rate
+17500 and higher 5.0%
+17000 to +17499.99 4.9%
+16500 to +16999.99 4.8%
+16000 to +16499.99 4.7%
+15500 to +15999.99 4.6%
+15000 to +15499.99 4.5%
+14500 to +14999.99 4.4%
+14000 to +14499.99 4.3%
+13500 to +13999.99 4.2%
+13000 to +13499.99 4.1%
+12500 to +12999.99 4.0%
+12000 to +12499.99 3.9%
+11500 to +11999.99 3.8%
+11000 to +11499.99 3.7%
+10500 to +10999.99 3.6%
+10000 to +10499.99 3.5%
+9500 to +9999.99 3.4%
+9000 to +9499.99 3.3%
8500 to +8999.99 3.2%
+8000 to +8499.99 3.1%
+7500 to +7999.99 3.0%
+7000 to +7499.99 2.9%
+6500 to +6999.99 2.8%
+6000 to +6499.99 2.7%
+5500 to +5999.99 2.6%
+5000 to +5499.99 2.5%
+4500 to +4999.99 2.4%
+4000 to +4499.99 2.3%
+3500 to +3999.99 2.2%
+3000 to +3499.99 2.1%
+2500 to +2999.99 2.0%
+2000 to +2499.99 1.9%
+1500 to +1999.99 1.8%
+1000 to +1499.99 1.7%
+500 to +999.99 1.6%
0 to +499.99 1.5%
-0.01 to -499.99 1.4%
-500 to -999.99 1.3%
-1000 to -1499.99 1.2%
-1500 to -1999.99 1.1%
-2000 to -2499.99 1.0%
-2500 to -2999.99 0.9%
-3000 to -3499.99 0.8%
-3500 to -3999.99 0.7%
-4000 to -4499.99 0.6%
-4500 to -4999.99 0.5%
-5000 to -5499.99 0.4%
-5500 to -5999.99 0.3%
-6000 to -6500 0.2%
-6500 to -6999.99 0.1%
-7000 and lower 0.0%

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Category: About Us, Betting With Us

Last updated on November 21, 2010 with 13910 views