General Betting
There is currently 1 person viewing this thread.
Can someone explain why this varies from market to market, even if it is the same sport. On horseracing today I noticed a different commission rate on nearly every single return? I've never really noticed this until today-I always thought the rates were static dependent on how much turn over you put through...or was that the olden days?
sort by:
Show
per page
Replies: 6
|
By:
Because the amounts are rounded off to the nearest penny. For instance, exactly 5% on 98p would be 4.9p. They round it to 5p. This 5p then shows up as 5.1% commission.
|
|
By:
I had a 6.67% on an American Football bet too :0
|
|
By:
what was your prophet?
|
|
By:
Moses.
|
|
By:
The maximum anyone can be charged is 10%. This is someone on 5% commission who wins 10p, as they will be charged 0.5p rounded off = 1p = 10%
Because the amounts involved are minuscule, it's not really relevant. It also works both ways. For instance, if you win 9p or less, you will pay 0% commission, so it all evens out. |
|
By:
I get it now ;-)
|