New Posts For Thread: Explanation needed... fees and profit calculationhttps://community.betfair.com/general_betting/go/thread/view/94082/25616433/explanation-needed-fees-and-profit-calculationHello to all, as you can suppose, i'm a newbie inhere... been betting for years with traditional bookmakers (mostly Pinny and some asian books), now I want to see howz things going on exchanges.Decided to take my first bet just to see how it works, aAnd I did received a 4.10 profit, all clear :)Just one little thing that I don't get: why they take off my balance 4.52€, when I placed a wager worth 4.50€? Currencies differences? OK, but why no other book takes that? When I wager 50€ on Pinnahttps://community.betfair.com/general_betting/go/thread/view/94082/25616433/explanation-needed-fees-and-profit-calculation?post_id=461758917#461758917And I did received a 4.10 profit, all clear :)Just one little thing that I don't get: why they take off my balance 4.52€, when I placed a wager worth 4.50€? Currencies differences? OK, but why no other book takes that? When I wager 50€ on PinnaFri, 13 Aug 2010 19:08:38 -0500Betfair always round up the commission to the nearest 0.01By my calculations, you should have received 4.10 profithttps://community.betfair.com/general_betting/go/thread/view/94082/25616433/explanation-needed-fees-and-profit-calculation?post_id=461752609#461752609Betfair always round up the commission to the nearest 0.01By my calculations, you should have received 4.10 profitFri, 13 Aug 2010 18:21:59 -0500You mean this:(Betfair quote -1) x (1 - 0.05) +1 = Actual price? :)Found just what I needed... but thanx anyway ;)But still those 0.02€ remains mistery :)https://community.betfair.com/general_betting/go/thread/view/94082/25616433/explanation-needed-fees-and-profit-calculation?post_id=461751153#461751153You mean this:(Betfair quote -1) x (1 - 0.05) +1 = Actual price? :)Found just what I needed... but thanx anyway ;)But still those 0.02€ remains mistery :)Fri, 13 Aug 2010 18:11:22 -0500Sorry(odds-1)x0.95=potential profithttps://community.betfair.com/general_betting/go/thread/view/94082/25616433/explanation-needed-fees-and-profit-calculation?post_id=461746041#461746041Sorry(odds-1)x0.95=potential profitFri, 13 Aug 2010 17:30:49 -0500odds x 0.95 hthhttps://community.betfair.com/general_betting/go/thread/view/94082/25616433/explanation-needed-fees-and-profit-calculation?post_id=461745653#461745653odds x 0.95 hthFri, 13 Aug 2010 17:27:19 -0500Hello to all, as you can suppose, i'm a newbie inhere... been betting for years with traditional bookmakers (mostly Pinny and some asian books), now I want to see howz things going on exchanges.Decided to take my first bet just to see how it works, ahttps://community.betfair.com/general_betting/go/thread/view/94082/25616433/explanation-needed-fees-and-profit-calculation?post_id=461735197#461735197Hello to all, as you can suppose, i'm a newbie inhere... been betting for years with traditional bookmakers (mostly Pinny and some asian books), now I want to see howz things going on exchanges.Decided to take my first bet just to see how it works, aFri, 13 Aug 2010 16:11:29 -0500