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Just noticed it in my account. First time I've seen it. Anybody? tia.
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https://community.betfair.com/general_betting/go/thread/view/94082/25943145/retained-commission
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say you back Rangers at 1.7 stewart for £10...
if they win you win £7... if they lose you lose £10 but you have contributed to someone else's commission by having the £10 bet in the first place... so without your bet they wouldn't have got any commission... i think retained commission is 50% of the commission the other person gets deducted from his winnings... if t's not the above scenario it's pretty close to that anyway. |
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Thanks sparrow.
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And Hibby.
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other person wins the £10 from you...
say they pay 2% comm.. that's 20p... so i think you get 10p as retained commission on your account... it's basically them giving you 'credit' for having the bet in the first place stewart. |
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Hibby, I think you are talking about 'Implied commission' which is an assumed value of commission you would have paid on a losing market. It is used to calculate 'Total commission' when working out Premium Charge etc.
[Total commission] = [Actual commission paid on winning markets / 2] + [Implied commission @ 3% / 2]. Retained commission I think is the maximum amount of commission you could pay on a partly settled market. |
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oh i think you are right tbh jamee...
no idea what retained commission is then tbh stewart. |
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No probs Hibby as I'm only talking peanuts but I was intrigued because I'd never saw it before.
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never heard of it myself tbh stewart.
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It mentions it in the BF Aus Ts and Cs but not the UK version.
Retained commission Commission withheld in lieu of bets that have been settled ahead of the underlying market being settled. https://www.betfair.com/AUS_NZL/help/Help.Managing.Account/ . |
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Retained commission is when betfair charge you extra commission because you can't stop telling lies...
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stewyb mussed be on 50% then?
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75%.
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That's five usernames he has.....so far..
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I think jamee here is right.
When BF part-settle a market, they cannot charge you commission on the runner(s) they settle (if they are winners) as they don't know if you will also have losers in the market which will reduce your overall winnings and hence commission charged. Also - if you're betting on Aus markets which are on the old base rate minus betfair points discount model - they don't know your commission rate at market settlement time So what they do is every time they settle winners, they put 5% (I think) of the winnings in a "retained commission" bucket, which acts like exposure - it's not deducted on your statement but you cannot use it for betting or withdraw it. Then when the market settles finally, you get charged commission on your overall winnings and the retained commission is released. |
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Betfair customer services.
Retained commission is similar to retained p&l. Its where a forumite posts aftertimed winning bets to achieve forum star status but if asked to post a last 30 daze encounters internet problems witch renders this request unachievable. |