Betfair Exchange charges Commission on winning bets. If you are opted into My Betfair Rewards, the discount rate only applies in Australasian markets. Otherwise, we use a Market Base Rate according to where you live to calculate your commission. Your Discount Rate reduces the amount of commission you pay and is based on how many Betfair points you’ve earned. We reward you with Betfair Points when you win or lose on the Betfair Exchange.

Your Discount Rate reduces the commission you pay and is calculated for you by your accumulation of Betfair Points.

Additional Information:
Your Discount Rate is calculated from your current Betfair Points every Sunday at Midnight (GMT).

Your Discount Rate will be capped at 20% unless you have completed Betfair's identity and verification requirements.

Our Discount Rates are slightly different for some countries, below is for the majority but take a look here if your account is registered in Switzerland, Ukraine, Hungary and Albania.