Betfair - Increasing rates

At the moment i have 106.000 betfair points and i have to pay a commission of 3,64% ! (instead of 2,3)

Not enough they increased the the base commission rate to 6,5%, they also reduced the discount rate to this scheme:

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%

That means UK customers needs lousy 23.000 betfair points for a 3,6% commission,
i need a minimum of 96.000 bf points for a 3,64% commission.

That is completely unfair. And greedy

And no, i´m not from Russia, Ukraine or Serbia, i´m from Austria

You must do alright there hareeba! or very poorly to have 49,000pts, well done, or unlucky?

Originally Posted by Hareeba!

certainly not an arber or trader

so I s'pose that qualifies me as a handicapper?

not necessarily

do you bet a lot of 3 way money lines on soccer instead of AH lines?

so no hedging? just straight betting?

and no math models either? just... instinct?

you must be making a lot of bets or at least huge ones to have such a discount at betfair and unless you are hedging/arbing your bets at pinny matchbook and sbo then... you must be a constant winner... either that or a rich guy with deep pockets. well done.

matchbook is underrated

pinny, matchbook and betfair all they leaders of the industry period with zero competiton other than sbobet for asian soccer handicaps

Originally Posted by allin1

not necessarily

do you bet a lot of 3 way money lines on soccer instead of AH lines?

so no hedging? just straight betting?

and no math models either? just... instinct?

you must be making a lot of bets or at least huge ones to have such a discount at betfair and unless you are hedging/arbing your bets at pinny matchbook and sbo then... you must be a constant winner... either that or a rich guy with deep pockets. well done.

I tend to bet more AH than 1x2 in soccer.

Not a hedger, I leave that to the landscapers

Most of my Betfair volume is on racing. I find and follow good judges. Also make a lot of bets 7 days/week based on ratings for volume with no expectation of net profit or loss but just strategy to boost commission payments to stay out of PC territory and to maintain commission discount.

Certainly not a rich guy with deep pockets!

Originally Posted by Hareeba!

make a lot of bets 7 days/week based on ratings for volume with no expectation of net profit or loss but just strategy to boost commission payments to stay out of PC territory and to maintain commission discount.

how exactly based on ratings for volume?

Originally Posted by allin1

how exactly based on ratings for volume?

As the PC is assessed on having relatively low commission paid as compared to profits generated, the idea is to employ a strategy which creates plenty of turnover, generating commission payments but insignificant net gain/loss. Using good ratings it isn't too difficult to find bets which at Betfair's low juice can break-even or show just marginal profits thus keeping commissions paid at a relatively high percentage of overall profits.

Hareeba! how are your points so high? Do you lose a lot? The highest i've got up to was 20,000pts and thats when I was wagering $5000 minimum per trade on tennis.
Do you lay horses or just back? How much money do you keep in your betfair wallets?
I'm very interested. You don't have to answer all I just want to get more of an understanding.

Its not about the signle bet! if you trade even 5000 then when you cover you can have a net profit ot 5 usd, theoretically. dont forget the famous game between Nadal and Federer where 52 milions were traded and betfair announced just 17 000 net profit for them - > 340k for the players(0.6% of the 52M!).so what counts is net result.

Originally Posted by kkkkk

Its not about the signle bet! if you trade even 5000 then when you cover you can have a net profit ot 5 usd, theoretically. dont forget the famous game between Nadal and Federer where 52 milions were traded and betfair announced just 17 000 net profit for them - > 340k for the players(0.6% of the 52M!).so what counts is net result.

so what are u trying to tell me about hareeba!?

Originally Posted by tommygun

Hareeba! how are your points so high? Do you lose a lot? The highest i've got up to was 20,000pts and thats when I was wagering $5000 minimum per trade on tennis.
Do you lay horses or just back? How much money do you keep in your betfair wallets?
I'm very interested. You don't have to answer all I just want to get more of an understanding.

I win but not overly much relative to turnover and commission due to the strategy I outlined.
To maintain 49,000 pts balance for 40% discount requires generating an avg. 7,350 pts per week. Just one $500 loser earns me 103 pts. Winners a whole lot more.
I rarely lay but do when I'm playing a matched bet on a freeplay from another bookie, usually on a golf tournament.
My account balance hovers around the $50k mark.

Is that all?

I have over 100k in each book of sportsbet, iasbet, paddypower, will hill, bet365, unibet, ladbrokes and victor chandler (vicbet).

Originally Posted by Hareeba!

I win but not overly much relative to turnover and commission due to the strategy I outlined.
To maintain 49,000 pts balance for 40% discount requires generating an avg. 7,350 pts per week. Just one $500 loser earns me 103 pts. Winners a whole lot more.
I rarely lay but do when I'm playing a matched bet on a freeplay from another bookie, usually on a golf tournament.
My account balance hovers around the $50k mark.

nice work, i pictured you as a layer for some reason, if you're backing winners you are killing it. how much research do u do?

Originally Posted by tommygun

nice work, i pictured you as a layer for some reason, if you're backing winners you are killing it. how much research do u do?

None in the traditional handicapping sense.
Only into profitable angles to use race ratings and finding good people and services to follow.

Hareeba, have enjoyed reading your posts in this thread. Just wanted to ask if you have tried the WBX exchange?

I joined the other day and found an old article that they match commission discounts from other exchanges (http://www.prlog.org/10115420-wbx-to...sion-rate.html). I emailed them to find out if it’s still offered and they said yes.

So I managed to get my discount rate carried over from Betfair which I thought was decent, and managed to get my bets matched (mostly betting on NBA and Premier League). Thought it might be useful for you or anyone else in here with good discount rates at Betfair/Betdaq.