New Posts For Thread: Betfair raising the commissionhttps://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commissionChange to Market Base Rate: 5.5%After a recent review Betfair has decided to increase base commission rate for markets in your region. Please note the above change to the standard Market Base Rate which will come into force on Tuesday 30th April 20Investor - I meant something like capping the discount at various rates below 60% for 250K+ winners instead of the higher rate PC2.don't know if it's a flyer. out of interest, do you think you'd pay more or less with no higher rate PC but 3% commissihttps://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532411993#532411993Investor - I meant something like capping the discount at various rates below 60% for 250K+ winners instead of the higher rate PC2.don't know if it's a flyer. out of interest, do you think you'd pay more or less with no higher rate PC but 3% commissiSun, 19 May 2013 17:15:16 -0500PC paying customers have a cushion against increased base commission, since they are already getting their charges 'topped up'. Higher rates will mean that they pay less PC.So the people hit by increased commission will be predominantly newer / smallhttps://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532411779#532411779PC paying customers have a cushion against increased base commission, since they are already getting their charges 'topped up'. Higher rates will mean that they pay less PC.So the people hit by increased commission will be predominantly newer / smallSun, 19 May 2013 17:02:46 -0500Dont confuse commission on each market with overall fees (which include pc etc). Any increase in basic commission puts Betfair at a disadvantage against the bookies in the quest to get outright punters. It benefits traders and hurts those people whohttps://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532408517#532408517Dont confuse commission on each market with overall fees (which include pc etc). Any increase in basic commission puts Betfair at a disadvantage against the bookies in the quest to get outright punters. It benefits traders and hurts those people whoSun, 19 May 2013 12:29:16 -0500how do you mean viva, you pay higher commission if you've won more? That would be a terrible idea. If Betfair did that to me, I'd cut a massive chunk of my business.https://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532406339#532406339how do you mean viva, you pay higher commission if you've won more? That would be a terrible idea. If Betfair did that to me, I'd cut a massive chunk of my business.Sun, 19 May 2013 11:04:24 -0500imo they should consider relating discount to lifetime net profit as well as BF points.I wonder if they've ever crunched the numbers on replacing PC2 with a discount cap or higher starting rate.https://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532402681#532402681imo they should consider relating discount to lifetime net profit as well as BF points.I wonder if they've ever crunched the numbers on replacing PC2 with a discount cap or higher starting rate.Sun, 19 May 2013 08:36:46 -0500I think a 5% commission rate is absurdly high. It makes it pretty much impossible to make any profit from pure betting (no trading). So it's not really viable now.https://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532400185#532400185I think a 5% commission rate is absurdly high. It makes it pretty much impossible to make any profit from pure betting (no trading). So it's not really viable now.Sun, 19 May 2013 06:16:54 -0500no no no the comish is high enough at some point the so called better odds will just be gobbled up by comish if not already the people who run betfair are total tailshttps://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532376355#532376355no no no the comish is high enough at some point the so called better odds will just be gobbled up by comish if not already the people who run betfair are total tailsSat, 18 May 2013 11:59:33 -0500How much commission do they charge for just using the forum?https://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532155605#532155605How much commission do they charge for just using the forum?Fri, 10 May 2013 14:08:10 -0500well, every bet I've submitted ever has appeared to hit the exchange in full, either by matching a visible amount or showing up as an offer. if BF were front running the way you say, I'd expect to see some discrepancies with that.of course, they coulhttps://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532148777#532148777well, every bet I've submitted ever has appeared to hit the exchange in full, either by matching a visible amount or showing up as an offer. if BF were front running the way you say, I'd expect to see some discrepancies with that.of course, they coulFri, 10 May 2013 10:13:25 -0500Maybe you're not looking hard enough, viva Not too sure how trading software like the geeks toy would see things that happen at source, tbf. I run quite a bit of my own software and trade manually and odd things have been happening in the racing mahttps://community.betfair.com/general_betting/go/thread/view/94082/29904101/betfair-raising-the-commission?post_id=532143747#532143747Maybe you're not looking hard enough, viva Not too sure how trading software like the geeks toy would see things that happen at source, tbf. I run quite a bit of my own software and trade manually and odd things have been happening in the racing maFri, 10 May 2013 06:57:42 -0500