New Posts For Thread: Are Smarkets ready to slash commission charges to below 2%?https://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2I got an email from them today, regarding a charge structure relating to various forms of deposit/withdrawals. That is never nice to see but it is still free if you use debit card or only once a month with moneybookers, much like how pinnys operate,I remember that (though was not with S.O.). I doubt anything like that would happen in the future.https://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517270961#517270961I remember that (though was not with S.O.). I doubt anything like that would happen in the future.Wed, 07 Mar 2012 14:04:54 -0600Who owns the company? For someone to bother to seed all their markets with nothing getting matched and a yearly turnover the same as a big event on bf.Maybe big punters have a say in the company, imagine your own exchange where you make the rules.https://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517270449#517270449Who owns the company? For someone to bother to seed all their markets with nothing getting matched and a yearly turnover the same as a big event on bf.Maybe big punters have a say in the company, imagine your own exchange where you make the rules.Wed, 07 Mar 2012 13:52:43 -0600I still remember 'Sporting Options & how they went bust. luckily of course Betfair bailed punters (Including me!) out. Always wary of firms offering low comm rates. If they go below 2% comm I would wonder how they could turn much of a profit!doubt ifhttps://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517270291#517270291I still remember 'Sporting Options & how they went bust. luckily of course Betfair bailed punters (Including me!) out. Always wary of firms offering low comm rates. If they go below 2% comm I would wonder how they could turn much of a profit!doubt ifWed, 07 Mar 2012 13:48:11 -0600Yes, I am telling the truth, it is all in their email.As has already been mentioned, you do not get charges if you fund your account by debit card which is easy enough for most people.If the comm rate becomes lets say, 1.5%...then compare that to herhttps://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517268763#517268763Yes, I am telling the truth, it is all in their email.As has already been mentioned, you do not get charges if you fund your account by debit card which is easy enough for most people.If the comm rate becomes lets say, 1.5%...then compare that to herWed, 07 Mar 2012 13:09:21 -0600How do they make money?- look at the numbers on the screen. They are moving in sync with betfair. Algorithms seem to be in place.- I don't know how they will make money since I can't find the rules on each market (i.e. how many places when 8 runnerhttps://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517265699#517265699How do they make money?- look at the numbers on the screen. They are moving in sync with betfair. Algorithms seem to be in place.- I don't know how they will make money since I can't find the rules on each market (i.e. how many places when 8 runnerWed, 07 Mar 2012 11:38:31 -0600by trying to get new customers obvhttps://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517258691#517258691by trying to get new customers obvWed, 07 Mar 2012 08:13:56 -0600how do they make money f they decrease the commission furtherhttps://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517257057#517257057how do they make money f they decrease the commission furtherWed, 07 Mar 2012 07:16:17 -0600as long as these new exchanges are chipping away your more likely to get a fairer deal here,nobody wants a monopoly.smarkets it is still possible to bet on Smarkets without being charged for depositing or withdrawing. As outlined above,https://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517256841#517256841as long as these new exchanges are chipping away your more likely to get a fairer deal here,nobody wants a monopoly.smarkets it is still possible to bet on Smarkets without being charged for depositing or withdrawing. As outlined above,Wed, 07 Mar 2012 07:09:05 -0600Charging people £10 to withdraw ther winnings is never going to be vote winner especially just before Cheltenham/Aintree when you'd expect to pick up some new accounts:)https://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517254229#517254229Charging people £10 to withdraw ther winnings is never going to be vote winner especially just before Cheltenham/Aintree when you'd expect to pick up some new accounts:)Wed, 07 Mar 2012 05:29:03 -0600Like the rest of the competition they can chip away all they like but until they have a credible in-running product they have no chance of tipping the balance.https://community.betfair.com/general_betting/go/thread/view/94082/28975247/are-smarkets-ready-to-slash-commission-charges-to-below-2?post_id=517250947#517250947Like the rest of the competition they can chip away all they like but until they have a credible in-running product they have no chance of tipping the balance.Wed, 07 Mar 2012 00:49:53 -0600