Betfair Commissions & Charges

BETFAIR COMMISSION EXAMPLE

For example, Victorian thoroughbred racing (i.e. the Melbourne Cup market) has a 7% Market Base Rate.

You place a $50 BACK bet on Incentivise in the Melbourne Cup at odds of $3.00. Incentivise wins. This means that your winnings are $100 ($150 return – $50 stake).

With the Market Base Rate at 7%, the commission you will pay is $100 x 7% = $7.00.

What are the different Market Base Rates?

Market Base Rates for Sport and International Racing Markets are currently 5%, except for NRL at 10%.

On Australian thoroughbred, harness and greyhound racing, the Market Base Rate ranges from 5% – 10% depending on the state and racing code. Betfair is charged different fees to provide the betting exchange from state to state. These variable Market Base Rates are reflective of the fees each racing body charges Betfair.

Refer to the image below to find exactly what rate is charged.

Market Base Rates

We advise that, on 1 March 2022, we revised our pricing structure.  For a number of years, Betfair saw ever increasing costs associated with providing our markets. As such, the pricing changes were necessary to ensure our product offerings remained sustainable across the entire wagering platform.  If you are an existing (non-South Australian) customer and want more information about the pricing changes, please click the link here and log-in using your Betfair account details.

Other Charges

Some customers may incur other types of charges through extremely high activity on the Betfair Exchange. Most Betfair customers will never encounter these charges. To find out more about these charges, please click on the relevant links below:

Racing NSW Turnover Charge 

NRL Turnover Charge

NSW Harness Turnover Charge

Premium Charges

Transaction Charges