Question on betfair commission

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  • Spacefrog
    SBR Sharp
    • 08-12-10
    • 476

    #1
    Question on betfair commission
    Anyone from Spain, Italy and France using betfair?
    What is your exchange commission?

    Do you pay any other commissions (on deposits/withdrawals or on the sportsbook or any others?)
  • kkkkk
    SBR Wise Guy
    • 03-30-09
    • 523

    #2
    if im not wrong customers in those countries cant use betfair exchange so they are not subject of any comission. they can use only their sportsbook. check comission site of betfair
    Comment
    • Spacefrog
      SBR Sharp
      • 08-12-10
      • 476

      #3
      I live in Portugal.

      Portuguese government aproved today the new online gaming law. I still dont know the details but news are that the French, the Spanish and the Italian laws were used as models.

      I think that Betfair does no longer operate in France but they are working in Spain and Italy.

      In Betfair site i just find this http://corporate.betfair.com/media/p...8-04-2014.aspx wich is just scaring.

      Is someone here from these countries?
      What can you tell us from your experience?
      Comment
      • Digo
        SBR Wise Guy
        • 01-21-12
        • 563

        #4
        In Brazil the commission is 6.5%
        Comment
        • chachi
          SBR MVP
          • 02-16-07
          • 4571

          #5
          Originally posted by Spacefrog
          In Betfair site i just find this http://corporate.betfair.com/media/p...8-04-2014.aspx wich is just scaring.
          Why? It is saying that the company "Betfair Italy" will pay Italian corporate tax at a rate of 20% on its commissions charged
          Comment
          • shaunovery
            SBR Posting Legend
            • 11-15-07
            • 18143

            #6
            No deposit if withdrawal commionsion here
            Comment
            • Spacefrog
              SBR Sharp
              • 08-12-10
              • 476

              #7
              Originally posted by chachi
              Why? It is saying that the company "Betfair Italy" will pay Italian corporate tax at a rate of 20% on its commissions charged
              It also says (at least thats how i understand it) that it works as an "italian only" market - ring fenced national liquidity.
              That is what really scares me. Liquidity will be near zero.
              Comment
              • xtrader
                SBR Rookie
                • 09-18-14
                • 45

                #8
                You can only bet at betfair's sportsbook from Italy, not at the exchange.
                Comment
                • Spacefrog
                  SBR Sharp
                  • 08-12-10
                  • 476

                  #9
                  Originally posted by xtrader
                  You can only bet at betfair's sportsbook from Italy, not at the exchange.
                  Hi xtrader,

                  Are you from Italy?

                  Your information conflicts with the one from betfair http://corporate.betfair.com/media/p...8-04-2014.aspx
                  Comment
                  • xtrader
                    SBR Rookie
                    • 09-18-14
                    • 45

                    #10
                    Originally posted by Spacefrog
                    Hi xtrader,

                    Are you from Italy?

                    Your information conflicts with the one from betfair http://corporate.betfair.com/media/p...8-04-2014.aspx
                    I see. They launched a separate exchange just for Italians. If only I could play there ...
                    Comment
                    • Optional
                      Administrator
                      • 06-10-10
                      • 61490

                      #11
                      That link says page not found for me.

                      Would like to read it.
                      .
                      Comment
                      • T4TRUTH
                        SBR Sharp
                        • 06-25-12
                        • 289

                        #12
                        has betfair logo but says page not found . maybe global location thing only works from inside Italy.
                        I used betfair back in its early days inside the US , this used to be amazing. Bring laptop to simulcast location and lay horses all day long, exchange of course.
                        Then one day tried to sign in and it said , "not available in your geographical location" well it was time to find how to have proxy then. but when it worked prior it was heaven for printing cash.
                        Now just a daily grind.
                        If exchange is available in Italy great, if not it probably will soon.
                        I beleive it is or ahs been the first fully licensed outfit through germany a few years back so probably something similar for Italy.
                        Comment
                        • Spacefrog
                          SBR Sharp
                          • 08-12-10
                          • 476

                          #13
                          Originally posted by Optional
                          That link says page not found for me.

                          Would like to read it.


                          Try this one.
                          Comment
                          • Spacefrog
                            SBR Sharp
                            • 08-12-10
                            • 476

                            #14
                            And here we have an image of live exchange in betfair italy taken few minutes ago.

                            Click image for larger version

Name:	betfair italy.jpg
Views:	1
Size:	21.5 KB
ID:	29129253


                            And following is an image of the live exchange in "normal" betfair taken at the same moment.

                            Click image for larger version

Name:	betfair.jpg
Views:	1
Size:	25.6 KB
ID:	29129254

                            The italian exchange is dead. I just hope they are not doing the same thing in Portugal.
                            Last edited by Spacefrog; 03-02-15, 10:32 AM.
                            Comment
                            • Optional
                              Administrator
                              • 06-10-10
                              • 61490

                              #15
                              Originally posted by Spacefrog
                              And here we have an image of live exchange in betfair italy taken few minutes ago.

                              [ATTACH]79097[/ATTACH]


                              And following is an image of the live exchange in "normal" betfair taken at the same moment.

                              [ATTACH]79099[/ATTACH]

                              The italian exchange is dead. I just hope they are not doing the same thing in the Portugal.
                              I can't imagine even the UK would provide enough liquidity to please punters if ring fenced on its own.

                              I wonder what was behind that plan. Had to be a door opener for something else at a guess.
                              .
                              Comment
                              • shaunovery
                                SBR Posting Legend
                                • 11-15-07
                                • 18143

                                #16
                                Why charge 20% commission that would offset the better prices offered
                                Comment
                                • Spacefrog
                                  SBR Sharp
                                  • 08-12-10
                                  • 476

                                  #17
                                  Originally posted by shaunovery
                                  Why charge 20% commission that would offset the better prices offered
                                  I believe that all this shit is regulatory demand.

                                  You can check this also.


                                  The exchange is closed between 02AM and 06AM.
                                  I can´t believe this is the future i´m facing.
                                  Comment
                                  • chachi
                                    SBR MVP
                                    • 02-16-07
                                    • 4571

                                    #18
                                    We cannot accept betting offers with potential winnings, calculated on the basis of the pre-selected odds that exceed the amount envisaged by article 12, paragraph 4, of Finance Minister Decree no. 111 of 1 March 2006 (10,000 Euros). N.B. This amount includes the original stake.
                                    So you cannot have much liquidity at either extreme of the price ladder either, as one cannot lay more than 5k at the bottom (5k profit plus 5k stake (?)) or necessarily buy to cover at extremes as if you put in buy 20 at 400 and market screams to 800 on a spike, your buy of 20 will be refused/kicked out, and if the spike subsides you're unfilled and unable.

                                    Wow ...
                                    Comment
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