Betfair - Increasing rates

I cant believe after sucessful months i got this email.

Dear David, At Betfair you always get the best possible products and services. To ensure you continue to get a premium experience, we are increasing the base commission rate on Betfair Exchange markets in your country to 6.5% from January 30th. You can of course continue to earn significant discounts of up to 60% on this commission rate through the Betfair points system. A full explanation of how your commission is calculated can be found atBetfair Learning. This rate increase does not apply to any promotional markets with a fixed commission rate. Thank you for your continued business and good luck with your future betting at Betfair. Yours Sincerely, Betfair Customer Service Please note that the “Rules” tab which is found on each market on the “Classic” or “Old” version of Betfair is incorrectly displaying the Market Base Rate as 5%. Please ignore the information about the Market Base Rate on the “Classic” or “Old” version of Betfair. The correct Market Base Rate for you is 6.5%.

Betfair already increased commission for most countries before 5-6 months. Some countries have 7% commission already.

Getting greedier every year.

I got this too.

Seems high time i completely shift over to Pinnacle and Matchbook.

Why dont u play @ pinnacle?

"To ensure you continue to get a premium experience"

eh? pardon? how does that work?

I'd simply like to hear some justification for this hike in commission.

So far fortunately it doesn't apply in Australia except on racing which was supposedly to offset the unfairly applied turnover tax but I'm not sure that is justifiable in all States any more.

Originally Posted by Hareeba!

I'd simply like to hear some justification for this hike in commission.

"We basically have a monopoly, so this makes us more money".

Originally Posted by HeeeHAWWWW

"We basically have a monopoly, so this makes us more money".

I think it will actually do the opposite.

Punters will be moving in droves to Matchbook, Pinnacle and SBO.

Originally Posted by Hareeba!

I think it will actually do the opposite.

Punters will be moving in droves to Matchbook, Pinnacle and SBO.

Monopoly for betfair traders you can't find another exchange with this liquidity.

Originally Posted by Celtics08

Monopoly for betfair traders you can't find another exchange with this liquidity.

Yes, traders certainly have fewer options.
I tend to overlook them as in Australia we can't trade online in play so I don't get involved in that.

Originally Posted by Celtics08

Monopoly for betfair traders you can't find another exchange with this liquidity.

what if all traders move to betdaq ?? Betdaq will have liquidity and betfair won't.It's not that hard , just all traders move to betdaq.

How does betdaq commission works?
Do they charge by bet or by market?
What is the commission rate?

I´ve been looking in betdaq TC´s and i cant find an answer.

Originally Posted by Hareeba!

I think it will actually do the opposite.
Punters will be moving in droves to Matchbook, Pinnacle and SBO.

I certainly hope so.

Didn't happen with the premium charge though, or the super-PC.

Nobody is moving to Betdaq or Ladbrokes or wherever, Betfair has gigantic liquidity and opponents dont even offer 1/3 of their markets becose of idiotic management. they want to concentrate on fewer markets with top liquidity but they dont realise that bettors want all markets and then will move. on other hand those competitors dont want to invest in rest markets, thats it.
and betdaq has increased commisions some months ago from 3 to 5% and their commision table is even worser then betfair.
end of story.

Betdaq has no volume and looks like it never will

Pinnacle just as good as Betfair now as is Matchbook both ladder books jumping for joy