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can anyone tell me in laymans terms what commission i would pay on winnings per say backing or laying one horse per race at local meetings and irish meetings only for around £40 per race? thnx
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thnx lori, so is it 5% on all winning bets? its so confusing when u go into the terms and conditions.
If you treat it as 5% you won't be disappointed.
If you get a few thousand up, ask again about extra charges, but at £40 a race you'll pay a max of 5% (and it'll be a little less most likely) for the forseeabe future.
If you get a few thousand up, ask again about extra charges, but at £40 a race you'll pay a max of 5% (and it'll be a little less most likely) for the forseeabe future.
thnx again lori, im new to betfair. do u know at what point u start to pay extra and how much?
It's based on way too many factors to bother with until you're 6000 or so ahead.
It's also unlikely (but not at all impossible) that it will impact you, so your time is better spent worrying about winning the money at this stage.
If you get more comfortable with the normal commission system and want to read up on it, read up on "premium charge" in the rules/regs/etc part of the site, but my advice is not to let it clutter things up until you're winning regularly.
In the short term, the more you bet the lower your commission gets.
It's also unlikely (but not at all impossible) that it will impact you, so your time is better spent worrying about winning the money at this stage.
If you get more comfortable with the normal commission system and want to read up on it, read up on "premium charge" in the rules/regs/etc part of the site, but my advice is not to let it clutter things up until you're winning regularly.
In the short term, the more you bet the lower your commission gets.
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