Getting better odds consistently can mean the difference between winning and losing long term.
Discount rates enable Betfair customers* to pay less commission providing even better odds on the exchange. Depending on how and how much you use your account, you may be automatically paying less commission.
*As of, and including 23rd October 2017, SA residents will no longer accrue Betfair Points. Read more here.
For example, if you have a discount rate of 10% and the Market Base Rate is 6%, you will pay a rate of 5.4% on net winnings instead of the full 6%.
6% Market Base Rate x 10% (your discount) = .60
6% Market Base Rate – .60 = 5.40%