Betfair calculates its commission by multiplying your net profit by the Market Base Rate. From there, they apply a discount depending on how much money you have put through the exchange. At the time of writing, the Betfair Market Base Rate in the UK is 5% so if you're a new customer, that's what you will be charged. However, the most experienced traders who trade with much larger stakes have been able to get their commission rate down to around the 2% mark. WOM is usually shown as a percentage, although it can also be displayed as a monetary amount. In the example above, the Iguacu horse shows a percentage of 81% shown above the back side of the book. If you are a new to Betfair the best thing to do is undertake this simple exercise: Navigate your way to the racing markets the evening before the races; Find a race with small amounts traded on the favourite and put in a bet offer for the Betfair minimum of £2. Don’t take the price which is available or you are likely to get matched. Offer ... Used by professional Betfair traders all over the world, Bet Angel users now account for a huge amount of liquidity in their key markets. Introduced in 2004, Bet Angel has constantly been upgraded with more features and improved performance over any alternative software. It now has an unrivalled ranges of features, whatever you wish to achieve on the Betfair betting exchange. I’m led to believe, in the early days of Betfair this could be considered as an indicator. Now it’s more likely to be traded volume, or weight of flow as it’s sometimes referred to. Traded Volume is different to WOM. When traders refer to the traded volume they are talking about the money that has already been matched at a price. The two other products you must consider are the Betfair Exchange, when the markets are liquid, and the Betfair Starting Price. They are 100% markets with a State specific commission applied to winning bets only. Betting at the right time on the right product is imperative. Don’t lose when you win. Traditional bookmakers usually build a percentage into their book so that the prices never add up to 100%. This is called the over-round and is basically how the bookmakers ensure their profit on an event. Because multiple people price the Betfair Exchange, the book in a liquid market adds up to around 100%, giving you a much truer price. The Exchange Rules apply to all bets placed on Betfair’s Exchange markets. The Exchange Rules also apply to Betfair’s Exchange ’Multiples’ product (see the Multiples section below for further details). The Exchange Rules do not apply to markets offered or bets placed on the Betfair Sportsbook or on Betfair’s ‘Fixed Odds’ product. The Exchange Rules consist of the following: This Betfair were already beating the traditional bookmaker with their exchange; next it was time to play them at their own game. Betfair Exchange offers higher prices than any bookmaker (99%+ of the time) and this is because you’re betting against real people – with Betfair themselves simply taking a small commission to earn their keep. No bookmaker margins, here. Given Betfair offer the highest liquidty and most markets on their exchange they’re my go to site for sports trading and I’ve had an account for over 10 years. I’ve also used their bookmaker service during that period and am pleased to report I’ve never had issues getting money on or off the site. All new punters at Betfair can claim one of the biggest sign up offers available when ...
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