SPORTSBOOK REVIEW NEWSWIRES
Tradesports Betting Exchange improves fee structure
6/22/2007 4:54:49 PM
Tradesports (SBR rating C+) changes to more player-friendly fee structure
TradeSports Announces New Fee Structure
Thursday, Jun 21, 2007
http://tradesports.com/aav2/news/news_140.html
TradeSports has announced that it will introduce an entirely new fee structure for its members.This will go live on 27th June 2007*.
The new fee structure will mean:
- Trading Fees of 5c per lot and Expiry Fees of 10c per lot will be withdrawn.
- Members will pay a simple commission of 4% of the profits they make from trading on a TradeSports market (a market is an individual contract or a group of linked contracts).
- Trading profits before the expiry of an event may generate a commission, but it will be your overall net profit on settlement of the event that will dictate your net commission payable.
More detailed information will be made available on the site closer to the go-live date.
*Unless we advise an updated go-live date.