It brings us great joy to announce another major win for Betfair customers today.
Effective as of May 1st, we are dropping our Market Base Rate (MBR) across all 3 Western Australia (WA) racing codes from 8% to 6%.
That means for any winnings generated on WA based racing (thoroughbreds, harness, and greyhounds), customers will now only pay 6% in commission compared to the previous 8%.
That represents a 25% saving to customers and one that we are sure will encourage further participation, deeper liquidity, and better prices on WA racing markets.
We would like to praise the efforts and progressive thinking from Racing and Wagering Western Australia (RWWA), which has understood the need for improved wagering conditions for punters and to continue to allow their products to grow into the future.
We see this change as not only a win for punters but also for RWWA who will undoubtedly see a dramatic improvement in their turnover growth and participation.
Increased participation breeds liquidity which ultimately allows for a better customer experience. We encourage all punters who are enthusiastic about having a wagering industry that provides better value, to support RWWA and get behind their product on the Betfair Exchange.
To make the most of this exciting MBR reduction, utilise our expert insights for WA Racing for Saturday thoroughbred meetings here.
For any further information related to MBR changes, stay tuned to the Betfair Hub.