Betfair points

[slayer14]

What are these do you get any cashback or anything?

[Hareeba!]

What are these do you get any cashback or anything?

You get reduced commission:

Commission, Market Base Rate, Discount Rate, Betfair Points, Betfair Points Statement and Betfair Holidays

Betfair charges a Commission on your net winnings on a market. If you have a net loss on a market you do not pay commission.

Commission is calculated by multiplying your net winnings by the Market Base Rate, as shown on the Rules tab. From this we will apply a discount. The more you bet with us the greater the discount you will receive.

The size of this discount, or your Discount Rate, is determined by the number of Betfair Points you have accrued on your account. Betfair Points are earned in proportion to your betting activity - the more you bet, the more points you accrue, the greater your Discount Rate. Please note that your discount rate will be capped at 20% unless you have completed Betfair's Know Your Customer check requirements.

You earn Betfair Points every time you bet on a market. You will earn 1 point for every 10 pence of commission paid (if you have net winnings) or implied commission (if you have a net loss). Betfair Points are awarded equally whether you win or lose.

Example:
You have net winnings in a market of £400.
The Market Base Rate is 5%.
Your current Discount Rate is 40%.
Therefore the commission you pay is £12 (£400 x 5% x (1-40%)).
You earn 120 Betfair Points.

For the purpose of calculating Betfair Points your commission or implied commission on a market is rebased to British Pounds at the time of settlement.

Your Discount Rate is calculated from your current Betfair Points every week. This occurs at midnight (GMT) every Sunday using the table below:

Betfair Points Discount Rate From To
0 999 0%
1,000 2,499 2%
2,500 3,999 4%
4,000 5,499 6%
5,500 6,999 8%
7,000 8,999 10%
9,000 10,999 12%
11,000 12,999 14%
13,000 14,999 16%
15,000 16,999 18%
17,000 18,999 20%
19,000 20,999 22%
21,000 22,999 24%
23,000 25,999 26%
26,000 28,999 28%
29,000 31,999 30%
32,000 35,999 32%
36,000 39,999 34%
40,000 43,999 36%
44,000 48,999 38%
49,000 54,999 40%
55,000 60,999 42%
61,000 66,999 44%
67,000 72,999 46%
73,000 79,999 48%
80,000 87,999 50%
88,000 95,999 52%
96,000 107,999 54%
108,000 125,999 56%
126,000 149,999 58%
150,000 - 60%

Once your Discount Rate has been calculated, your Betfair Points balance is reduced by 15%. This is known as the Weekly Decay. If you continue to bet at the same level each week, your Discount Rate will remain unchanged. If your Betfair Points at any time imply a higher Discount Rate, you will move to that rate immediately.

Discount Rates are applied at the time of market settlement rather than bet placement. These might be different for you in long term markets.

[tommygun]

you get a discount, thus paying less commission

[virtozo]

http://www.betdaq.co.uk/UI/Promotions/?utm_source=Circulator&utm_medium=Email&utm_campaign=firstname%20BETDAQ%20To%20Benefit%20From%20Liquidity%20Boost#LDBEX_LandingPageTab

hope this will be much better than betfair bullcrap points discount.

[Hareeba!]

http://www.betdaq.co.uk/UI/Promotion...LandingPageTab

hope this will be much better than betfair bullcrap points discount.

doubt it
doesn't count for much if there's no liquidity or competitive odds

[allin1]

doubt it
doesn't count for much if there's no liquidity or competitive odds

I thought the liquidity on horse racing markets and major soccer matches is decent

[bettingstation]

this is a very good move...

[tommygun]

doubt it
doesn't count for much if there's no liquidity or competitive odds

+1.

[YPS]

discriminated countries have different discount rates like this:

0 - 999 0%
1,000 - 3,999 1%
4,000 - 6,999 2%
7,000 - 10,999 3%
11,000 - 14,999 4%
15,000 - 18,999 5%
19,000 - 20,999 6%
21,000 - 22,999 8%
23,000 - 25,999 10%
26,000 - 28,999 12%
29,000 - 31,999 14%
32,000 - 35,999 16%
36,000 - 39,999 20%
40,000 - 43,999 22%
44,000 - 48,999 24%
49,000 - 54,999 26%
55,000 - 60,999 30%
61,000 - 66,999 32%
67,000 - 72,999 34%
73,000 - 79,999 36%
80,000 - 87,999 40%
88,000 - 95,999 42%
96,000 -107,999 44%
108,000-125,999 46%
126,000 - ----- 50%

I hate betfair

[Hareeba!]

discriminated countries have different discount rates like this:

0 - 999 0%
1,000 - 3,999 1%
4,000 - 6,999 2%
7,000 - 10,999 3%
11,000 - 14,999 4%
15,000 - 18,999 5%
19,000 - 20,999 6%
21,000 - 22,999 8%
23,000 - 25,999 10%
26,000 - 28,999 12%
29,000 - 31,999 14%
32,000 - 35,999 16%
36,000 - 39,999 20%
40,000 - 43,999 22%
44,000 - 48,999 24%
49,000 - 54,999 26%
55,000 - 60,999 30%
61,000 - 66,999 32%
67,000 - 72,999 34%
73,000 - 79,999 36%
80,000 - 87,999 40%
88,000 - 95,999 42%
96,000 -107,999 44%
108,000-125,999 46%
126,000 - ----- 50%

I hate betfair

That's unfortunate. But is the cause of that not some hostile approach from those countries rather than Betfair discriminating unfairly?

For example, in Australia, horse racing is subject to an additional 1.5% commission because of a levy imposed by the authorities which deliberately discriminates against Betfair's model.

[King_Suckerman]

They do regularly promos where you are given a points target and if you hit it you get a cash reward - at least they do for UK bettors.

[Digo]

If you are a small bettor, these points will mean nothing.