The nail in the coffin for me. :(

extract from statement issued -

"In order for us to continue to offer an Australian racing product to customers, it is necessary to implement an increase to prices on all Australasian racing markets," Betfair announced in a statement issued late on Friday.

"From May 1 2012, Betfair's market base rate on all thoroughbred, harness and greyhound races in Australia and New Zealand will increase from 5% to 6.5%.

"Customers will still obtain Betfair Points on these markets in the ordinary manner and will remain eligible to receive a discount on the commission payable in accordance with their discount rate (the maximum discount rate remains 60%).

"This price increase does not apply to any sport or overseas racing markets.


Had to happen & still much better than the alternative, feel for the traders tho,

it does not effect traders unless liquidity drops as they are on a low percentage anyways and pay little commission, that's why they pay PC

That's a 30% increase in the commission. :mad: :(

thank you for that NoRisk

Up a whole 1.5%
WOW - I'm shaking at the knees - How on earth am i ever going to survive.

They could have gone up 20% and I reckon I would still be doing better at Betfair than I am with a tote system that continually drops well over 100% after the race has started.
Thats the greyhounds , don't know about you horse people.

I wish they had of increased it to 10%.
How the ******** will I be able to mentally work out 6.5% :(

then I dont feel for the traders...

I'm not sure everyone understands the difference an extra 1.5% makes when applied to every single winning bet, no matter how little you end up winning overall.

From what i have seen if you are on lower commission you will not have to pay the 1.5% it will be staggered just like it is now, those on 2% might pay 2.6%

It certainly will have an impact Chrome - for example my commission for the last few days is $139, estimate it would have been $194 under the new structure.

The suppose the impact appears extreme as I mainly back or lay on 1 or 2 runners a race, but regardless still much better off than having to move back to the TAB's.

Well, Chrome I won't say it, I would love to say it but I won't but I will say that I would love to say it but I won't hee hee!