Betfair Commission & Market Base Rate
Betfair Commission is the only charge that the majority of customers on Betfair will ever have to pay.
Each market that you bet on has a Market Base Rate (MBR). This Rate is the maximum percentage of your winnings that you will pay in commission. To find out what the Market Base Rate is for a market, simply click on the “Rules” section of the Market you wish to place a bet on to find it.
Betfair Commission is automatically removed from your winnings when the market is settled.
Betfair Commission Example
For example, Victoria thoroughbred racing (i.e. the Melbourne Cup market) has a 6% Market Base Rate.
You place a $50 BACK bet on Horse 1 in the Melbourne Cup at odds of $3.00. Horse 1 Wins. This means that your winnings is $100 ($150 return – $50 stake).
With the Market Base Rate at 6%, the commission you will pay is $100 x 6% = $6.00.
What are the different Market Base Rates?
Market Base Rates for Sport and International Racing Markets is currently 5%.
On Australian thoroughbred, harness and greyhound racing, the Market Base Rate ranges from 6% – 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.
Discount Rates on MBRs
Betfair offers automatic discounts on commission paid by its customers as high as 60%. Depending on how and how much you use your account, you may be automatically paying less commission. Find our more about Discounts Rates.
Some customers may incur other types of charges through extremely high activity on the Betfair Exchange. The majority of Betfair customers will never encounter these charges. To find out more about these charges, please click on the relevant titles below: