How is the Betfair commission calculated?
This is how Betfair make their money: they charge a commission rate of 5% on your net profit on an event. You may have had numerous bets and numerous lays on the one event. Your turnover on that event may be 2000 but if you only ended up making 10 on that event (once all your bets are settled on it) then you just pay 5% of that 10 (ie: 50p commission). If you lose on an event then you pay no commission. The 5% commission rate that Betfair charges can be reduced but this only happens as your turnover on the Betfair betting exchange increases. The more you use Betfair the more your commission decreases from that 5% level. Go Back to Top What is the minimum stake on Betfair?: Whether you are placing a Back Bet or a Lay Bet the minimum stake is 2 or currency equivalent. Go Back to Top Can I cancel a bet on a betting exchange?: Not if it has already been matched and placed. If your bet has not been matched but is waiting to be matched then you can cancel it. You can even alter it. You can a
