27th April 2012, 09:05 PM
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Member
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Join Date: Dec 2011
Posts: 334
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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,
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