1.1 There are two types of charges that you may be required to pay. The charges described in the General Charges section apply in relation to your Betfair account and therefore are relevant to all customers. In addition, there are certain charges that only apply in particular circumstances to customers of the Exchange. Further details of all of the following charges can be found in the relevant sections below.
2.1 Charges relating to the Deposit and Withdrawal of funds to or from Betfair are set out in the deposit and withdrawal pages within the My Account section on the website. However, additional charges may apply in some cases. These charges are set out in Section 6.
2.2 An Inactive Account Fee will be payable by customers who have not logged in to their Betfair account for thirteen consecutive months or more and who have a Betfair account in credit. Details of the Inactive Account Fee are set out in Section 8 below.
3.1 For the vast majority of Exchange customers, the only charges paid to Betfair will be Commission on net winnings in an Exchange market, as set out in more detail in Section 4 below.
3.2 There are additional charges on the Exchange to deter extreme usage of the facilities provided by Betfair: customers who place more than 5,000 bets in any hour on the Exchange may also be charged Transaction Charges depending on the number of bets placed and the amount of Commission they have already paid, as set out in Section 5 below.
3.3 A small number of customers may incur Premium Charges. Details of the Premium Charge are set out in Section 7 below.
3.4 A Turnover Charge will be payable by a very small number of our customers who engage with the Exchange on certain markets in a particular way. Details of the Turnover Charge are set out in Section 9 below.
3.5 Betfair may, in its discretion, allow a customer to access Betfair’s API services (API Services). Details of the API Access Fee are set out in Section 10 below.
4.1 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.
4.2 Commission is calculated by multiplying your net winnings by the Market Base Rate.
4.3 In order to see the Market Base Rate applicable to you, please refer to emails and web messages from Betfair setting out current charges, or click here to see the Market Base Rate section on the Betfair Hub website.
Example:
You have net winnings in a market of $400.
The Market Base Rate is 6%.
Therefore the Commission you pay is $24 ($400 x 6%).
5.1 In addition to any Commission payments, Betfair customers will be charged a Transaction Charge if they process a large number of transactions on the Exchange. This charge is designed to limit inefficient transactional behaviour, particularly at peak times.
Key Definitions
5.2 A 'transaction' shall include Placed Bets and Failed Transactions, defined as:
A Put-Up Bet is a Placed Bet that enters a market and is not immediately matched (and therefore appears available liquidity for others to match).
A Failed Transaction is an action that leads to an API error, resulting in a failed bet placement, Failed Cancellation or other failed transaction. Full descriptions of each failed transaction type can be found in the following link: APIErrorCodes
Successful Cancellations don't count as extra transactions (Txn). Placing and then cancelling a bet is a single transaction: bet placement (1 Txn) + cancellation (0 Txn).
Failed Cancellations count as Failed Transactions: bet placement (1 Txn) + failed cancellation (1 Txn).
5.3 Transaction Charges only apply to customers recording more than 5,000 qualifying transactions in any given hour, where an "hour" refers to a continuous period of 60 minutes based on the standard 24-hour clock system (e.g. running from 10:00:00 until 10.59:59).
5.4 Qualifying transactions, and their associated cost, are as follows:
| Transaction Type | Cost Per Transaction | |
|---|---|---|
| Market Making Bet* | Free | |
| Any Other Placed Bet | £0.001** | |
| Failed Transaction | Duplicate Transaction | £0.005** |
| Any Other Error Code | £0.001** | |
*Means:
(a) Put-Up Back Bets with a backer's stake >= the equivalent AUD amount of £10 based on the GBP to AUD exchange rate at approximately 23:00 GMT per the Morningstar live currency exchange (https://www.morningstar.com/markets/currencies); and
(b) Put-Up Lay Bets with a layer's liability >= the equivalent AUD amount of £100 based on the GBP to AUD exchange rate at approximately 23:00 GMT per the Morningstar live currency exchange (https://www.morningstar.com/markets/currencies)
(Qualifying Put-Up Bets).
**The equivalent AUD amount of GBP amounts listed above based on the GBP to AUD exchange rate at approximately 23:00 GMT per the Morningstar live currency exchange (https://www.morningstar.com/markets/currencies).
Calculation Details
5.5 At the end of every day, in any hour where the number of qualifying transactions exceeded 5,000, we will multiply the number of each type of qualifying transactions by its associated cost. We then deduct the AUD equivalent of £5 based on the GBP to AUD exchange rate at approximately 23:00 GMT per Morningstar live currency exchange (https://www.morningstar.com/markets/currencies) which represents the total cost of the first 5,000 transactions, based on the standard cost per transaction of the AUD equivalent of £0.001.
Hourly Charge (applicable only in hours where qualifying transactions >=5,000)
= (Total TX Per Type x Associated Cost Per TX) -- (5,000 x Standard TX Cost of the AUD equivalent of £0.001 based on the GBP to AUD exchange rate at approximately 23:00 GMT per Morningstar live currency exchange (https://www.morningstar.com/markets/currencies))
5.6 At the end of every day, we shall sum up any hourly charges and deduct any Commission generated during the day to calculate the daily charge. Should your Commission generated exceed this amount, you will not be charged a Transaction Charge:
Daily Charge
= Sum of Hourly Charges -- Daily Commission Generated
Where
Commission Generated
= (Commission Paid + Implied Commission*) / 2
*3% of Market Level Losses
5.7 After offsetting Commission, any remaining amount will be charged to your account on a daily basis.
5.8 Accounts that relate to one person, entity, API subscription or a Master account with related Sub accounts are treated as one customer for the purposes of transaction charging. Note that Transaction Charges will not offset any Premium Charge.
Notifications
5.9 The first time that you qualify for the Transaction Charge, you will be sent a notification email to confirm this. This will only apply to newly qualifying accounts and not to anyone who has incurred any previous Transaction Charges.
Example
You are an Exchange user who exceeds 5,000 qualifying transactions in two hours on a particular day. You generate £6.10* in Commission across the day:
| Between 13:00:00 & 13:59:59 | Between 16:00:00 & 16:59:59 | |
|---|---|---|
| Duplicate Failed TX | 1,000 | 0 |
| Non-Duplicate Failed TX | 1,000 | 2,000 |
| Placed Bets (excluding Qualifying Put-Up Bets) | 8,000 | 5,000 |
| Total | 10,000 | 7,000 |
Hourly Charges for 13:00:00 to 13:59:59 =
(1,000 x £0.005*) + (1,000 x £0.001*) + (8,000 x £0.001*) -- (5,000 x £0.001*)) = £9.00*
Hourly Charges for 16:00:00 to 16:59:59 =
(2,000 x £0.001*) + (5,000 x £0.001*) -- (5,000 x £0.001*) = £2.00*
Daily Charge =
£9.00* + £2.00*) - £6.10* = £4.90*
Therefore, your account will be debited £4.90* the following day.
*The equivalent AUD amount of GBP amounts listed above based on the GBP to AUD exchange rate at approximately 23:00 GMT per the Morningstar live currency exchange (https://www.morningstar.com/markets/currencies).
6.1 Charges relating to the deposit and withdrawal of funds to or from your Betfair account are set out in the deposit and withdrawal pages within the My Account section of the website. However, additional charges may apply in some cases to reflect the cost incurred by Betfair as a result of processing excessive transactions.
6.2 Please note that if you become eligible to incur additional deposit and withdrawal charges, we will contact you before any charges are paid.
7.1 The Premium Charge applies in respect of bets placed on the Exchange.
7.2 In addition to the other charges detailed above, a small number of customers will incur Premium Charges.
7.3 An account will only be considered for the Premium Charge if the last 52 active week gross profit is greater than the equivalent AUD amount of £25,000 based on the GBP to AUD exchange rate at approximately 23:00 GMT on the last day of the Active Week per the Morningstar live currency exchange (https://www.morningstar.com/markets/currencies).
Key Definitions
Calculation Details
7.4 At the start of each week Betfair will calculate your Last 52 Active Week Gross P&L and assign you to a charge rate as follows:
| Last 52 Active Week Gross P&L | Charge Rate |
|---|---|
| <£25,000* | 0% |
| £25,000* - £100,000* | 20% |
| >£100,000* | 40% |
* the equivalent AUD amount of GBP amounts listed above based on the GBP to AUD exchange rate at 23:00 GMT on the last day of the Active Week per the Morningstar live currency exchange (https://www.morningstar.com/markets/currencies).
7.5 A customer will only be considered for the Premium Charge: (a) after they have bet in more than 100 Exchange markets; and (b) if their lifetime Gross P&L is >$0.
7.6 Each Monday, we will aggregate the gross P&L and Commission generated in the previous week (Monday to Sunday).
7.7 If you have losses or have generated excess Commission since you last paid Premium Charge or moved to a new charge rate, this will be factored into your calculation in the form of a Buffer. The Buffer represents the gross profit that can be won before incurring further Premium Charges. We will calculate the Buffer at the start of each activity week and apply to the following calculation:
Premium Charge Due = (Weekly Gross P&L – Buffer) * Current Premium Charge Rate - Weekly Commission Generated
where Buffer is the greater of:
(Commission Generated Since Last Premium Charge / Current Premium Charge Rate) - Gross P&L Since Last Premium Charge
(Commission Generated Since Last Rate Change / Current Premium Charge Rate) - Gross P&L Since Last Premium Charge
7.8 There are some considerations relating to Buffers:
7.9 Premium Charges will be deducted from customer accounts weekly (after Monday noon) in relation to the previous week’s activity (Monday to Sunday).
7.10 Upon initial qualification for the Premium Charge, you will be sent an email notification and will have the first debit reversed. This will not apply to customers who previously qualified for Premium Charge.
7.11 Should you qualify for a higher rate in future, then a further notification email will be sent out and a grace period of 1 week given before you are moved to the new higher rate. This will be a one-time goodwill gesture - if you move between charge rates in the future, then the new rate will come into effect from the following week of activity. Email communications will not be sent at this stage, but all changes will be displayed within your account page. Any notification emails and grace periods will not apply if you ever qualified for the higher rate during the time that Premium Charge was in effect.
7.12 Where Betfair is unable to provide email communication due to a reason out of its control, then any qualifying customers will be able to track their charges within their account page under Premium Charge or Expert Fee.
7.13 Accounts that are operated by one person, group of people, entity, API subscription or a Master Account with related Sub accounts are treated as one customer for the purposes of calculating Premium Charges.
7.14 In circumstances where Betfair is satisfied that multiple accounts have been used by one person or group of persons in order to avoid or reduce liability for the Premium Charge, Betfair shall be entitled to treat those accounts as if they relate to one person for the purposes of calculating Premium Charges. In such circumstances Betfair shall link those accounts and the linked accounts shall be jointly and severally liable for any unpaid Premium Charge. The additional Premium Charge will be debited from any such account(s) where applicable.
7.15 Please note that Betfair does not disclose details of the criteria it uses when linking accounts. If Betfair did, those seeking to avoid paying the Premium Charge might try to use that information to their advantage. Betfair adopts very stringent and detailed forensic measures to analyse links between betting accounts. These measures allow Betfair to confirm, robustly, where accounts are linked for Premium Charge purposes.
7.16 In circumstances where Betfair is satisfied that any single account has purposely manipulated the terms and conditions in order to avoid or reduce liability for the Premium Charge, Betfair shall be entitled to notify you that it is suspending your account. Betfair may reactivate your account, subject to reviewing the charge rate, and Betfair has full discretion to increase your charge rate where appropriate. Customers will be informed of any changes to their rate. The rate will thereafter be applicable, regardless of a customer’s 52 active week P&L position.
8.1 We will charge you a fee (as indicated in the table below) per calendar month ("Inactive Account Fee") if:
8.2 We will contact you via email after 12 months inactivity and, after that, the monthly Inactive Account Fee will apply until your remaining balance reaches zero.
8.3 The Inactive Account Fee will be withdrawn from the main licence wallet of your Betfair account (your "Main Wallet") on a monthly basis to the extent that the Main Wallet remains in credit and only for the period during which there remains no Account Activity after the initial thirteen month period has passed.
8.4 If you have been subject to one or more Inactive Account Fee(s), we will reimburse you on request 100% of the amount you have been charged to date.
To request a refund, please contact our Customer Service team here.
8.5 If you hold more than one Betfair account, you will only incur an Inactive Account Fee in respect of one account at any one time (meaning that you will never pay more than one Inactive Account Fee per month).
| Currency in which Betfair account is transacted | Inactive Account Fee |
|---|---|
| AUD | 10 |
| CAD | 5 |
| EUR | 5 |
| GBP | 4 |
| HKD | 30 |
| NOK | 30 |
| SEK | 30 |
| SGD | 5 |
| USD | 5 |
9.1 In addition to the other charges detailed above a very small number of our customers who engage with the Exchange in a particular way on turnover charge markets (as defined below) will incur Turnover Charges.
9.2 Wagering operators in Australia are required to pay a fee based on turnover (defined as aggregate of back bets) to: (a) Racing NSW for the right to accept bets on its racing; and (b) the NRL for the right to accept bets on certain rugby league events. From time to time, other Australian racing and/or sporting bodies may impose similar turnover based fees and, should they do so, we will communicate this to you in advance.
9.3.1 This charge will only apply to customers who during a particular week (Monday to Sunday GMT) meet the below criteria:
For Racing NSW Markets:
9.3.2 Total Commission generated is half of the Commission paid plus half of implied Commission, calculated by the formula = (Commission paid + implied Commission) / 2.
Implied Commission is 3% of player losses where players make an overall loss on a single market.
Turnover charge markets will be identified in the Market Information (located on every Betfair market either under the tab entitled "Rules" or under the Rules or ‘i’ (information) button).
Racing NSW Markets
9.4.1 The turnover charge will be 3.0% of the aggregate value of matched back bets on RNSW turnover charge markets.
NRL Markets
9.4.2 The turnover charge will be 2.5% of the aggregate value of matched back bets on NRL turnover charge markets.
9.4.3 The charge will be calculated for the period from each Monday to Sunday (GMT), and will be payable on a retrospective basis. The charge will be debited from a customer's wallet each Wednesday, alongside any applicable Premium Charge.
9.4.4 The charge will only be incurred for any week when a customer's betting activity meets the criteria. Please note the charge will not be applicable to any lay bets.
Racing NSW Markets
9.5.1 During a weekly cycle, a customer has matched back bets to an aggregate value of AUD $10,000 on 6 NSW thoroughbred markets. The customer has AUD $100 in Total Commission generated.
Criteria:
| CRITERIA | APPLICABLE | ACTIVITY |
| Matched back bets placed in 1 or more RNSW turnover charge markets | YES | 6 RNSW turnover charge markets |
| Matched back bets with an aggregate of AUD $1,000 or greater on RNSW turnover charge markets | YES | AUD $10,000 of matched back bets on RNSW turnover charge markets |
| Total Commission generated on RNSW turnover charge markets is less than 1.25% of aggregate matched back bets | YES | AUD $100/$10,000 = 1% |
9.6.2 In the above example, the Turnover Charge payable will be 3% of $10,000 = $300
NRL Markets
9.6.3 During a weekly cycle, a customer has matched back bets to an aggregate value of AUD $10,000 on 6 NRL markets. The customer has AUD $50 in Total Commission generated.
Criteria:
| CRITERIA | APPLICABLE | ACTIVITY |
| Matched back bets placed in 1 or more settled NRL turnover charge markets | YES | 6 NRL turnover charge markets |
| Matched back bets with an aggregate of AUD $500 or greater on NRL turnover charge markets | YES | AUD $10,000 of matched back bets on NRL turnover charge markets |
| Total Commission generated on NRL turnover charge markets is less than 0.85% of aggregate matched back bets | YES | AUD $50/$10,000 = 0.5% |
9.5.2 In the above example, the Turnover Charge payable will be 3% of $10,000 = $300
NRL Markets
9.5.3 During a weekly cycle, a customer has matched back bets to an aggregate value of AUD $10,000 on 6 NRL markets. The customer has AUD $50 in Total Commission generated.
Criteria:
| CRITERIA | APPLICABLE | ACTIVITY |
| Matched back bets placed in 1 or more settled NRL turnover charge markets | YES | 6 NRL turnover charge markets |
| Matched back bets with an aggregate of AUD $500 or greater on NRL turnover charge markets | YES | AUD $10,000 of matched back bets on NRL turnover charge markets |
| Total Commission generated on NRL turnover charge markets is less than 0.85% of aggregate matched back bets | YES | AUD $50/$10,000 = 0.5% |
9.5.4 In the above example, the Turnover Charge payable will be 2.5% of $10,000 = $250
9.6.1 Customers will be contacted directly by a Betfair representative (via email or phone) and informed on the first occasion on which this Turnover Charge would have been payable.
9.6.2 Customers will also be afforded a one-week “grace period” designed to give them an opportunity to refine their betting habits should they wish to do so.
9.6.3 A summary report of an individual's weekly activity will also be available if requested.
10.1 Betfair may, in its discretion, at any time: (a) allow you to access the API Services; or (b) remove your access to the API Services. Subject to clause 10.5, customers will be charged the API Access Fee referred to in clause 10.2 if they login to any of the API Services using an API key with the version designation '1.0' (Version 1.0 API Key).
10.2 Calculation of the API Access Fee
10.2.1 The API Access Fee will be calculated, on a monthly basis, as follows:
API Access Fee =$200×(Login Days)/(Month Calendar Days) - Commission paid in the previous 12 calendar months
10.2.2 For the purpose of clause 10.2.1:
10.2.3 Accounts that relate to one person, entity, API subscription, or a Master account (Trading version only) with related Sub accounts are treated as one customer for the purposes of calculating the API Access Fee.
10.3 Examples
10.3.1 A customer logs into the API Services with a Version 1.0 API Key on 15 days in April and has paid $47 Commission in the previous 12 calendar months. The API Access Fee payable by the customer (for April) will be $53 ($200 x 15/30 - $47 = $53) and will be debited from the customer's account on (or around) the second Friday in May.
10.3.2 A customer logs into the API Services with a Version 1.0 API Key on 15 days in April and has paid $80 Commission in the previous 12 calendar months. The API Access Fee payable by the customer (for April) will be $20 ($200 x 15/30 - $80 = $20) and will be debited from the customer's account on (or around) the second Friday in May.
10.3.3 A customer logs into the API Services with a Version 1.0 API Key on 15 days in April and has paid $100 Commission in the previous 12 calendar months. The API Access Fee payable by the customer (for April) will be $0 ($200 x 15/30 - $100 = $0).
10.4 Payment of the API Access Fee
10.4.1 The API Access Fee will be debited on (or around) the second Friday of each month for the previous month's charges.
10.4.2 The first time that a customer becomes obligated to pay the API Access Fee in accordance with this clause 10, Betfair will: (a) notify the customer, via email, that they have qualified for the API Access Fee; and (b) as a one-off goodwill gesture, afford the customer a one-month grace period from the API Access Fee, to give the customer an opportunity to refine their usage of the API Services.
10.5 Exemptions
Betfair may, in its discretion: (a) enter into an alternative agreement with a customer in relation to the API Services; or (b) waive the payment of the API Access Fee until the customer's Version 1.0 API Key has been activated for 12 months
V 01.25 28/11/25