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getintheir
27 May 10 22:11
Joined:
Date Joined: 29 Sep 01
| Topic/replies: 1,384 | Blogger: getintheir's blog
just noticed i have been charged 6% commission on a market which should be 5%. I have seen others markets being less to round to the penny.

does bf round commission up and down to the nearest penny?


Evening Cards BVue 27th May / 20:55 A7 470m
Comm Charged 6% On Net winnings of GBP0.5
Pause • Switch to Standard View commission (is it rounded up or down?)
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Report Rocket to the FACE • May 27, 2010 10:15 PM BST
I'll bump my thread on the exact same topic
Report Rocket to the FACE • May 27, 2010 10:17 PM BST
wait, i can't, it was on the old forum.
Report Rocket to the FACE • May 27, 2010 10:17 PM BST
it is to do with the rounding though.
Report getintheir • May 27, 2010 10:18 PM BST
is this common practice.i know its the diff between a penny but i agreed to pay 5% commission ffs.
Report Rocket to the FACE • May 27, 2010 10:20 PM BST
yeah but you'll notice on some markets you only pay 4.5% and sometimes 3.65%, sometimes 7.2% somtimes 4.1%
Report Rocket to the FACE • May 27, 2010 10:22 PM BST
i'm on 5% yet my last 5 have been

Comm Charged 5% On Net winnings
Comm Charged 4.41% On Net winnings
Comm Charged 5.19% On Net winnings
Comm Charged 7.69% On Net winnings
Comm Charged 5% On Net winnings
Report getintheir • May 27, 2010 10:28 PM BST
ok cheers.
Report Rocket to the FACE • May 27, 2010 10:29 PM BST
it should average at 5%
Report The Investor • May 28, 2010 1:14 AM BST
does bf round commission up and down to the nearest penny?

It rounds off.
Report Avocado • May 28, 2010 12:20 PM BST
How much commission do Betfair charge on winning bets? 100 percent?
Report Chilly the Dog • May 28, 2010 1:13 PM BST
5% of 50p is 2.5pence. 2.5 is rounded to the nearest penny, ie 3p. Hence you pay a higher comm rate. If it were 2.4, you'd only pay 2p so on average it's fair and you dont lose out. Frnakly, if you care about the odd ha'penny you should reconsider your strategy :)
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