Regional Terms:
Customers in Regions with "My Betfair Rewards"
Customers In All Other Regions
These terms apply to customers in regions where "My Betfair Rewards is active. This includes customers in the United Kingdom, Ireland, Finland, Hungary, Latvia, Croatia and Ukraine.
Charges Applicable Only to the Betfair Exchange
Exchange Commission, Market Base Rate, Discount Rate, Betfair Points and Betfair Holidays
Deposit and Withdrawal Charges
1. Introduction
1.1 There are two types of charges that you may be required to pay. The charges described in the General Charges section apply in relation to your Betfair account and therefore are relevant to all customers. In addition, there are certain charges that only apply in particular circumstances to customers of the Betfair Exchange. Further details of all of the following charges can be found in the relevant sections below.
1.2 All charges are inclusive of VAT, if applicable.
2. General Charges
2.1 Charges relating to the Deposit and Withdrawal of funds to or from Betfair are set out in the deposit and withdrawal pages within the My Account section on the website. However, additional charges may apply in some cases. These charges are set out in Section 7.
3. Charges applicable only to the Betfair Exchange
3.1 For the vast majority of Betfair Exchange customers, the only charges paid to Betfair will be Commission on net winnings in an Exchange market, as set out in more detail in Section 4 below.
3.2 There are additional charges on the Exchange to deter extreme usage of the facilities provided by Betfair: customers who place more than 5000 bets in any hour on the Exchange may also be charged Transaction Charges depending on the number of bets placed and the amount of commission they have already paid, as set out in Section 6 below.
3.3 A small number of customers who, in the long-term, generate very little commission compared to the amount they win may incur Expert Fees. Any customer affected by this charge will be notified in advance. Details of the Expert Fee are set out in Section 8 below.
3.4 A Turnover Charge will be payable by a very small number of our customers who engage with the Betting Exchange on certain Australian racing markets in a particular way. Details of the Turnover Charge are set out in Section 9 below.
4. Exchange Commission, Market Base Rate, Discount Rate Betfair Points and Betfair Holidays
4.1 This section only applies to the Betfair Exchange.
4.2 Betfair charges a Commission on your net winnings on a market. If you have a net loss on a market you do not pay commission.
4.3 Your commission rate is determined by your package choice in the "My Betfair Rewards" section of My Account.
Example:
You have a net profit in a market of £100.
You are opted into the Basic package of My Betfair Rewards.
The commission rate in this package is 2%.
Therefore the commission is £2.00 (£100 x 2%).
4.4 The above does not apply if the betting event is an Australasian Event or your account is part of a Master/Sub-Account structure, where the following charges will apply.
4.5 For Australasian events, or if your account is part of a Master/Sub-Account structure, Betfair charges a Commission on your net winnings on a market. If you have a net loss on a market you do not pay commission.
4.6 Commission is calculated by multiplying your net winnings by the Market Base Rate. From this we will, for customers based in most countries, apply a discount. The more you bet with us the greater the discount you will receive (if applicable).
4.7 In order to see the Market Base Rate applicable to you, please refer to emails and web messages from Betfair setting out current charges, or click here to see the Market Base Rate section on our Help and Learning pages.
4.8 Please note that the Rules tab which is found on each market on the Classic or Old version of Betfair is incorrectly displaying the Market Base Rate as 5%. Please ignore the information about the Market Base Rate on the Classic or Old version of Betfair.
4.9 The size of this discount, or your Discount Rate, if applicable to your country, is determined by the number of Betfair Points you have accrued on your account. Betfair Points are earned in proportion to your betting activity - the more you bet, the more points you accrue, the greater your Discount Rate. Please note that your discount rate will be capped at 20% unless you have completed Betfair's Know Your Customer check requirements.
4.10 Customers in different countries/States will receive different discount rates (and, in certain countries, customers will not receive a discount rate). Customers should refer to emails and web messages from Betfair which set out their discount rate. More information can be found here and below.
4.11 You earn Betfair Points every time you bet on a market. You will earn 1 point for every 10 pence of commission paid (if you have net winnings) or implied commission (if you have a net loss). Implied commission is calculated in exactly the same way as commission but refers to losses rather than winnings. Betfair Points are awarded equally whether you win or lose.
Example:
You have net winnings in a market of £400.
The Market Base Rate is 5%.
Your current Discount Rate is 40%.
Therefore the commission you pay is £12 (£400 x 5% x (1-40%)).
You earn 120 Betfair Points.
Example (using implied commission):
You have net losses in a market of £100.
The Market Base Rate is 5%.
Your current Discount Rate is 30%.
Therefore the implied commission is £3.50(£100 x 5% x (1- 30%)).
You earn 35 Betfair Points.
4.12 For the purpose of calculating Betfair Points your commission or implied commission on a market is rebased to British Pounds at the time of settlement.
4.13 Your Discount Rate is calculated from your current Betfair Points every week. This occurs at midnight (GMT) every Sunday using one of the tables set out here
4.14 Once your Discount Rate has been calculated, your Betfair Points balance is reduced by 15%. This is known as the Weekly Decay. If you continue to bet at the same level each week, your Discount Rate will remain unchanged. If your Betfair Points at any time imply a higher Discount Rate, you will move to that rate immediately.
4.15 Discount Rates are applied at the time of market settlement rather than bet placement. These might be different for you in long term markets.
4.16 The Betfair Points Statement within your My Account section provides a full history of your Betfair Points, showing changes as a result of your betting activity, weekly decay and any relevant promotions. This statement also shows your current Discount Rate.
4.17 You are able to prevent the weekly decay of your Betfair Points by using a Betfair Holiday. You may continue to bet during your Betfair Holiday but will not earn Betfair Points for any markets settled during this period.
4.18 You earn one Betfair Holiday when you register and one additional Betfair Holiday every three months thereafter. You may use your Betfair Holiday at any time but cannot accrue more than four unused Betfair Holidays on your account.
4.19 You may use your Betfair Holiday at any time but cannot accrue more than four unused Betfair Holidays on your account.
4.20 The Betfair Holidays section within the My Account section provides a calendar of the next 26 weeks and enables you to book or cancel Betfair Holidays for any of these weeks.
5. Tote betting
5.1 When placing Tote bets with Betfair (for example UK Tote bets) you earn 1 Betfair Point for every 1 GBP staked. All Betfair Points earned from Tote bets over the course of a week (Monday to Sunday) will be credited to your Betfair account the following Monday.
5.2 For the purpose of calculating Betfair Points your total stake is rebased to British Pounds and you earn 1 Betfair Point for every full Pound staked.
6. Transaction Charges
6.1 This section only applies to the Betfair Exchange.
6.2 In addition to any commission payments, Betfair customers will be charged a transaction fee if they process a large number of transactions on the main Betting Exchange.
This charge is designed to limit inefficient transactional behaviour, particularly at peak times.
Bets which are placed as part of a significant market-making strategy (defined as Put-Up Bets with a backer's stake >= £10 or layer's liability >= £100 ) can be placed without incurring a charge (see costs per bet below for details).
Key Definitions
6.3 A 'transaction' shall include all bets placed and all failed transactions, defined as:
- A Placed Bet is bet that is matched, unmatched, cancelled or lapsed.A Put-Up Bet is a placed bet that enters a market and is not immediately matched (and therefore appears available liquidity for others to match). A Take Bet is a placed bet that enters a market and matches a bet which already in the market.
- A Failed Transaction is an action that leads to an API error, resulting in a failed bet placement, failed cancellation or other failed transaction. Full descriptions of each failed transaction type can be found in the following link: APIErrorCodes
- Successful Cancellations don't count as extra transactions (Txn). Placing and then cancelling a bet is a single transaction: bet placement (1 Txn) + cancellation (0 Txn).
- Failed Cancellations count as failed transactions: bet placement (1 Txn) + failed cancellation (1 Txn)
6.4 Transaction Charges only apply to customers recording more than 5000 qualifying transactions in any given hour, where an "hour" refers to a continuous period of 60 minutes based on the standard 24-hour clock system (e.g. running from 10:00:00 until 10.59:59).
6.5 Qualifying transactions and their associated cost can be summarised as follows:
*Put-Up Bets with a backer's stake >= £10 or layer's liability >= £100 . For the avoidance of doubt, this refers to bets with a stake >= £10 if you are the backer and bets with a liability >= £100 if you are the layer.
**Will return the error code "DUPLICATE_TRANSACTION"
Calculation Details
6.6 At the end of every day, in any hour where the number of qualifying transactions exceeded 5000, we will multiple the number of each type of qualifying transactions by its associated cost. We then deduct £5 which represents the total cost of the first 5000 transactions, based on the standard cost per transaction of £0.001.
Hourly Charge (applicable only in hours where qualifying transactions >=5000)
= (Total TX Per Type x Associated Cost Per TX) - (5000 x Standard TX Cost of £0.001)
6.7 At the end of every day, we shall sum up any hourly charges and deduct any commission generated during the day to calculate the daily charge. Should your (commission) exceed this amount, you will not be charged a transaction fee:
Daily Charge
= Sum of Hourly Charges - Daily Commission Generated
Where
Commission Generated
= (Commission Paid + Implied Commission*) / 2
*3% of Market Level Losses
6.8 After offsetting commission, any remaining amount will be charged to your account on a daily basis.
6.9 Accounts that relate to one person, entity, API subscription or a Master account with related Sub accounts are treated as one customer for the purposes of transaction charging. Note transaction charges will not generate Betfair points or offset any Expert Fees.
Notifications
6.10 The first time that you qualify for the charge, you will be sent a notification email to confirm this. This will only apply to newly qualifying accounts and not to anyone who has incurred any previous Transaction Charges.
Example
You are a Betfair Exchange user who exceeds 5000 qualifying transactions in two hours on a particular day. You generate £6.10 in commission across the day:
*Excluding Put-Up Bets with Backer's Stake >= £10 or Layer's Liability >= £100
Hourly Charges for 13:00:00 to 13:59:59 =
(1000 x £0.005) + (1000 x £0.001) + (8000 x £0.001) - (5000 x £0.001) = £9.00
Hourly Charges for 16:00:00 to 16:59:59 =
(2000 x £0.001) + (5000 x £0.001) - (5000 x £0.001) = £2.00
Daily Charge =
£9.00 + £2.00 - £6.10 = £4.90
Therefore, your account will be debited £4.90 the following day.
7. Deposit and withdrawal charges
7.1 Charges relating to the deposit and withdrawal of funds to or from your Betfair account are set out in the deposit and withdrawal pages within the My Account section on the website. However, additional charges may apply in some cases to reflect the cost incurred by Betfair as a result of processing excessive transactions.
7.2 Please note that if you become eligible to incur additional deposit and withdrawal charges, we will contact you before any charges are paid.
8. Expert Fees
8.1 The Expert Fee only applies in respect of bets placed on the Betfair Exchange and it does not apply to any bets placed on other Betfair products.
8.2 In addition to the other charges detailed above, a small number (less than 0.5%) of our customers will incur Expert Fees.
8.3 Any customer affected by the Expert Fee will be notified in advance.
Values are stated in GBP Sterling (£). Currency equivalents apply using the GBP local currency exchange rate on the date of charge calculation.
Calculating Expert Fees
8.4 An account will only be considered for the Expert Fee if the last 52 active week gross profit is greater than £25,000.
Key Definitions
- An Active Week will be considered any Monday - Sunday period in which you have at least one settled bet in a market that fully settles in that week, and your total commission generated is greater than £0.
- Gross P&L is the total amounts won, excluding commission, less the amounts lost, on all Betfair Exchange markets.
- Last 52 Active Week Gross P&L is the sum of the Gross P&L in the last 52 active weeks of the account.
- For accounts with less than 52 active weeks, the Last 52 Active Week Gross P&L will be the gross P&L since account creation.
- Commission Generated includes half the commission paid on winnings, but also half the commission that Betfair makes from the other customers who win in markets in which you've lost, which we call Implied Commission. When you win, Betfair collects commission at your rate of commission, but when you lose, the commission collected by Betfair from the winners at their rate. So we'll determine the commission generated by your betting activity to be:
Commission Generated = (Commission Paid + Implied Commission) ÷ 2
where
Implied Commission = Market Losses x 2.5%
Calculation Details
8.5 At the start of each week Betfair will calculate your Last 52 Active Week Gross P&L and assign you to a fee rate as follows:
8.6 Customers will only be considered for the Expert Fee after they have bet in more than 100 Betfair Exchange markets.
8.7 Each Monday, we will aggregate the Gross P&L and Commission Generated in the previous week (Monday to Sunday).
8.8 If you have losses or have generated excess commission since you last paid Expert Fees or moved to a new fee rate, this will be factored into your calculation in the form of a Buffer. The Buffer represents the gross profit that can be won before incurring further Expert Fees. We will calculate the Buffer at the start of each activity week and apply to the following calculation:
Expert Fee Due = (Weekly Gross P&L - Buffer) * Current Expert Fee Rate - Weekly Commission Generated
where Buffer is the greater of:
(Commission Generated Since Last Expert Fee / Current Expert Fee Rate) - Gross P&L Since Last Expert Fee
(Commission Generated Since Last Rate Change / Current Expert Fee Rate) - Gross P&L Since Last Rate Charge
8.9 There are some considerations relating to the Buffer:
- a) If both of these values are negative, then the Buffer is zero.
- b) The Buffer will be available to view in the account page each Monday, displaying the value the start of last week and the value at the start of the current week. This allows the customer to see how much they can win before incurring further Expert Fees.
- c) For any accounts that have not previously paid Expert Fees (or Premium Charge), the since last charge calculation part of the Buffer calculation will be based on the full lifetime of your account.
8.10 For worked examples of this calculation, see the following link: https://support.betfair.com/app/answers/detail/expert-fee-faqs
8.11 Expert Fees will be deducted from customer accounts weekly (after Monday noon) in relation to the previous week's activity (Monday to Sunday)
Change of Charge Rates & Notifications
8.12 Upon initial qualification for the Expert Fee, you will be sent an email notification and will have the first debit reversed. This will not apply to customers who previously qualified for Premium Charge.
8.13 Should you qualify for a higher rate in future, then a further notification email will be sent out and a grace period of 1 week given before you are moved to the new higher rate. This will be a one-time goodwill gesture - if you move between fee rates in the future, then the new rate will come into effect from the following week of activity. Email communications will not be sent at this stage, but all changes will be displayed within your account page. Any notification emails and grace periods will not apply if you ever qualified for the higher rate during the time that Premium Charge was in effect.
8.14 Where Betfair is unable to provide email communication due to a reason out of its control, then any qualifying customers will be able to track their charges within their account page under Expert Fee.
Expert Fee Avoidance
8.15 You may only use the Betfair Exchange, including your account, in accordance with these terms. You may not engage in any activity which Betfair define as a "Prohibited Betfair Exchange Activity" including:
(i) an individual or group of people using multiple accounts to avoid or reduce liability for Expert Fee;
(ii) purposely manipulating the terms and conditions in order to avoid or reduce liability for the Expert Fee;
(iii) engaging in any form of abuse or activity that is detrimental to the Exchange ecosystem.
8.16 In circumstances where Betfair is satisfied that you have engaged in Prohibited Betfair Exchange Activity, Betfair may:
(i) link accounts and/or treat multiple accounts as if they relate to one person for the purposes of calculating Expert Fees. Linked accounts shall be jointly and severally liable for any unpaid Expert Fees. For the purpose of calculating unpaid Expert Fees, Betfair will review the historic betting activity of the linked accounts and apply the Expert Fee retrospectively as it should have been paid based on the combined activity of the linked accounts. The additional fees will be debited from any such account(s) where applicable;
(ii) suspend and/or close the accounts;
(iii) reactivate your account subject to reviewing the fee rate and/or commission rate, and Betfair has full discretion to increase your rate where appropriate. Customers will be informed of any changes to their rate. The rate will thereafter be applicable, regardless of a customer's 52 active week P&L position.
8.17 Please note that Betfair does not disclose details of the criteria it uses when linking accounts. If Betfair did, those seeking to avoid paying the Expert Fee might try to use that information to their advantage. Betfair adopts stringent and detailed forensic measures to analyse links between betting accounts. These measures allow Betfair to confirm, robustly, where accounts are linked for Expert Fee purposes.
9. Turnover Charge
9.1 This section only applies to the Betfair Exchange.
9.2 In addition to the other charges detailed above a very small number of our customers who engage with the Betting Exchange in a particular way on turnover charge markets (as defined below) will incur Turnover Charges.
9.3 Please note that if you become eligible to incur Turnover Charges, we will contact you before any charges are paid.
9.4 Wagering operators in Australia are required to pay a fee based on turnover defined as aggregate of back bets) to Racing NSW for the right to accept bets on its racing. From time to time, other Australian racing bodies may impose similar turnover based fees and, should they do so, we will communicate this to you in advance.
9.5 Who will pay the Turnover Charge?
9.5.1 This charge will only apply to customers who during a particular week (Monday to Sunday GMT) meet each of the below criteria:
a. have matched back bets on 1 or more markets on which Betfair is subject to a turnover fee from Racing NSW (turnover charge markets)
b. have matched back bets with an aggregate value of AUS $1,000 or greater on turnover charge markets; and
c. the total commission generated by the customer on turnover charge markets is less than 1.25% of the aggregate value of matched back bets placed by the customer on those markets.
9.5.2 Total commission generated is half of the commission paid plus half of implied commission, calculated by the formula = (commission paid + implied commission) / 2
Implied commission is 3% of player losses where players make an overall loss on a single market.
Turnover charge markets will be identified in the Market Information (located on every Betfair market either under the tab entitled "Rules" or under the 'Rules' or 'i' (information) button).
9.6 What is the Turnover Charge?
11.6.1 The turnover charge will be 3.0% of the aggregate value of matched back bets on turnover charge markets.
11.6.2 The charge will be calculated for the period from each Monday to Sunday (GMT), and will be payable on a retrospective basis. The charge will be debited from a customer's wallet each Wednesday, alongside any applicable premium charge.
11.6.3 The charge will only be incurred for any week when a customer's betting activity meets the criteria. Please note the charge will not be applicable to any lay bets.
9.7 Example of the Turnover Charge
9.7.1 During a weekly cycle, a customer has matched back bets to an aggregate value of AUS $10,000 on 6 NSW thoroughbred markets. The customer has AUS $100 in Total Commission generated.
Criteria:
9.7.2 Turnover Charge payable will be 3.0% of $10,000 = $300
9.8 How will I be notified if I am required to pay the Turnover Charge?
9.8.1 Customers will be contacted directly by a Betfair representative and informed on the first occasion on which this turnover charge would have been payable.
9.8.2 Customers will also be afforded a one-week "grace period" designed to give them an opportunity to refine their betting habits should they wish to do so.
9.8.3 A summary report of an individual's weekly activity will also be available if requested.
These terms apply to customers in regions where "My Betfair Rewards" is not available.
Charges Applicable Only to the Betfair Exchange
Exchange Commission, Market Base Rate, Discount Rate, Betfair Points and Betfair Holidays
Deposit and Withdrawal Charges
1. Introduction
1.1 There are two types of charges that you may be required to pay. The charges described in the 'General Charges section apply in relation to your Betfair account and therefore are relevant to all customers. In addition, there are certain charges that only apply in particular circumstances to customers of the Betfair Exchange. Further details of all of the following charges can be found in the relevant sections below.
1.2 All charges are inclusive of VAT, if applicable.
2. General Charges
2.1 Charges relating to the Deposit and Withdrawal of funds to or from Betfair are set out in the deposit and withdrawal pages within the My Account section on the website. However, additional charges may apply in some cases. These charges are set out in Section 6.
3. Charges applicable only to the Betfair Exchange
3.1 For the vast majority of Betfair Exchange customers, the only charges paid to Betfair will be Commission on net winnings in an Exchange market, as set out in more detail in Section 4 below.
3.2 There are additional charges on the Exchange to deter extreme usage of the facilities provided by Betfair: customers who place more than 5000 bets in any hour on the Exchange may also be charged Transaction Charges depending on the number of bets placed and the amount of commission they have already paid, as set out in Section 6 below.
3.3 A small number of customers who, in the long-term, generate very little commission compared to the amount they win may incur Expert Fees. Any customer affected by this charge will be notified in advance. Details of the Expert Fee/Premium Charge are set out in Section 8 & Section 9 below.
3.4 A Turnover Charge will be payable by a very small number of our customers who engage with the Betting Exchange on certain markets in a particular way. Details of the Turnover Charge are set out in Section 10 below.
4. Exchange Commission, Market Base Rate, Discount Rate, Betfair Points and Betfair Holidays
4.1 This section only applies to the Betfair Exchange.
4.2 Betfair charges a Commission on your net winnings on a market. If you have a net loss on a market you do not pay commission.
4.3 Commission is calculated by multiplying your net winnings by the Market Base Rate. From this we will, for customers based in certain countries, apply a discount. The more you bet with us the greater the discount you will receive (if applicable).
4.4 In order to see the Market Base Rate applicable to you, please refer to emails and web messages from Betfair setting out current charges, or click here to see the Market Base Rate section on our Help and Learning pages.
4.5 Please note that the Rules tab which is found on each market on the Classic or Old version of Betfair is incorrectly displaying the Market Base Rate as 5%. Please ignore the information about the Market Base Rate on the Classic or Old version of Betfair.
4.6 The size of this discount, or your Discount Rate, if applicable to your country, is determined by the number of Betfair Points you have accrued on your account. Betfair Points are earned in proportion to your betting activity - the more you bet, the more points you accrue, the greater your Discount Rate. Please note that your discount rate will be capped at 20% unless you have completed Betfair's Know Your Customer check requirements.
4.7 Customers in different countries will receive different discount rates (and, in certain countries (such as Albania, Australia and New Zealand), customers will not receive a discount rate). Customers should refer to emails and web messages from Betfair which set out their discount rate. More information can be found here and below.
4.8 You earn Betfair Points every time you bet on a market. You will earn 1 point for every 10 pence of commission paid (if you have net winnings) or implied commission (if you have a net loss). Implied commission is calculated in exactly the same way as commission but refers to losses rather than winnings. Betfair Points are awarded equally whether you win or lose.
Example:
You have net winnings in a market of £400.
The Market Base Rate is 5%.
Your current Discount Rate is 40%.
Therefore the commission you pay is £12 (£400 x 5% x (1-40%)).
You earn 120 Betfair Points.
Example: (using implied commission):
You have net losses in a market of £100.
The Market Base Rate is 5%.
Your current Discount Rate is 30%.
Therefore the implied commission is £3.50(£100 x 5% x (1- 30%)).
You earn 35 Betfair Points.
4.9 For the purpose of calculating Betfair Points your commission or implied commission on a market is rebased to British Pounds at the time of settlement.
4.10 Your Discount Rate is calculated from your current Betfair Points every week. This occurs at midnight (GMT) every Sunday using one of the Discount Rate tables set out here
4.11 Once your Discount Rate has been calculated, your Betfair Points balance is reduced by 15%. This is known as the Weekly Decay. If you continue to bet at the same level each week, your Discount Rate will remain unchanged. If your Betfair Points at any time imply a higher Discount Rate, you will move to that rate immediately.
4.12 Discount Rates are applied at the time of market settlement rather than bet placement. These might be different for you in long term markets.
4.13 The Betfair Points Statement within your My Account section provides a full history of your Betfair Points, showing changes as a result of your betting activity, weekly decay and any relevant promotions. This statement also shows your current Discount Rate.
4.14 You are able to prevent the weekly decay of your Betfair Points by using a Betfair Holiday. You may continue to bet during your Betfair Holiday but will not earn Betfair Points for any markets settled during this period.
4.15 You earn one Betfair Holiday when you register and one additional Betfair Holiday every three months thereafter. You may use your Betfair Holiday at any time but cannot accrue more than four unused Betfair Holidays on your account.
4.16 You may use your Betfair Holiday at any time but cannot accrue more than four unused Betfair Holidays on your account.
4.17 The Betfair Holidays section within the My Account section provides a calendar of the next 26 weeks and enables you to book or cancel Betfair Holidays for any of these weeks.
5. Tote betting
5.1 When placing Tote bets with Betfair (for example UK Tote bets) you earn 1 Betfair Point for every 1 GBP staked. All Betfair Points earned from Tote bets over the course of a week (Monday to Sunday) will be credited to your Betfair account the following Monday.
5.2 For the purpose of calculating Betfair Points your total stake is rebased to British Pounds and you earn 1 Betfair Point for every full Pound staked.
6. Transaction Charges
6.1 This section only applies to the Betfair Exchange.
6.2 In addition to any commission payments, Betfair customers will be charged a transaction fee if they process a large number of transactions on the main Betting Exchange.
This charge is designed to limit inefficient transactional behaviour, particularly at peak times.
Bets which are placed as part of a significant market-making strategy (defined as Put-Up Bets with a backer's stake >= £10 or layer's liability >= £100 ) can be placed without incurring a charge (see costs per bet below for details).
Key Definitions
6.3 A 'transaction' shall include all bets placed and all failed transactions, defined as:
- A Placed Bet is bet that is matched, unmatched, cancelled or lapsed.A Put-Up Bet is a placed bet that enters a market and is not immediately matched (and therefore appears available liquidity for others to match). A Take Bet is a placed bet that enters a market and matches a bet which already in the market.
- A Failed Transaction is an action that leads to an API error, resulting in a failed bet placement, failed cancellation or other failed transaction. Full descriptions of each failed transaction type can be found in the following link: APIErrorCodes
- Successful Cancellations don't count as extra transactions (Txn). Placing and then cancelling a bet is a single transaction: bet placement (1 Txn) + cancellation (0 Txn).
- Failed Cancellations count as failed transactions: bet placement (1 Txn) + failed cancellation (1 Txn)
6.4 Transaction Charges only apply to customers recording more than 5000 qualifying transactions in any given hour, where an "hour" refers to a continuous period of 60 minutes based on the standard 24-hour clock system (e.g. running from 10:00:00 until 10.59:59).
6.5 Qualifying transactions and their associated cost can be summarised as follows:
*Put-Up Bets with a backer's stake >= £10 or layer's liability >= £100 . For the avoidance of doubt, this refers to bets with a stake >= £10 if you are the backer and bets with a liability >= £100 if you are the layer.
**Will return the error code "DUPLICATE_TRANSACTION"
Calculation Details
6.6 At the end of every day, in any hour where the number of qualifying transactions exceeded 5000, we will multiple the number of each type of qualifying transactions by its associated cost. We then deduct £5 which represents the total cost of the first 5000 transactions, based on the standard cost per transaction of £0.001.
Hourly Charge (applicable only in hours where qualifying transactions >=5000)
= (Total TX Per Type x Associated Cost Per TX) - (5000 x Standard TX Cost of £0.001)
6.7 At the end of every day, we shall sum up any hourly charges and deduct any commission generated during the day to calculate the daily charge. Should your (commission) exceed this amount, you will not be charged a transaction fee:
Daily Charge
= Sum of Hourly Charges - Daily Commission Generated
Where
Commission Generated
= (Commission Paid + Implied Commission*) / 2
*3% of Market Level Losses
6.8 After offsetting commission, any remaining amount will be charged to your account on a daily basis.
6.9 Accounts that relate to one person, entity, API subscription or a Master account with related Sub accounts are treated as one customer for the purposes of transaction charging. Note transaction charges will not generate Betfair points or offset any Expert Fees.
Notifications
6.10 The first time that you qualify for the charge, you will be sent a notification email to confirm this. This will only apply to newly qualifying accounts and not to anyone who has incurred any previous Transaction Charges.
Example
You are a Betfair Exchange user who exceeds 5000 qualifying transactions in two hours on a particular day. You generate £6.10 in commission across the day:
*Excluding Put-Up Bets with Backer's Stake >= £10 or Layer's Liability >= £100
Hourly Charges for 13:00:00 to 13:59:59 =
(1000 x £0.005) + (1000 x £0.001) + (8000 x £0.001) - (5000 x £0.001) = £9.00
Hourly Charges for 16:00:00 to 16:59:59 =
(2000 x £0.001) + (5000 x £0.001) - (5000 x £0.001) = £2.00
Daily Charge =
£9.00 + £2.00 - £6.10 = £4.90
Therefore, your account will be debited £4.90 the following day.
7. Deposit and withdrawal charges
7.1 Charges relating to the deposit and withdrawal of funds to or from your Betfair account are set out in the deposit and withdrawal pages within the 'My Account' section of the website. However, additional charges may apply in some cases to reflect the cost incurred by Betfair as a result of processing excessive transactions.
7.2 Please note that if you become eligible to incur additional deposit and withdrawal charges, we will contact you before any charges are paid.
8. Expert Fees - Other Regions not including Australia or New Zealand
8.1 The Expert Fee only applies in respect of bets placed on the Betfair Exchange and it does not apply to any bets placed on other Betfair products.
8.2 In addition to the other charges detailed above, a small number (less than 0.5%) of our customers will incur Expert Fees.
8.3 Any customer affected by the Expert Fee will be notified in advance.
Values are stated in GBP Sterling (£). Currency equivalents apply using the GBP local currency exchange rate on the date of charge calculation.
Calculating Expert Fees
8.4 An account will only be considered for the Expert Fee if the last 52 active week gross profit is greater than £25,000.
Key Definitions
- An Active Week will be considered any Monday - Sunday period in which you have at least one settled bet in a market that fully settles in that week, and your total commission generated is greater than £0.
- Gross P&L is the total amounts won, excluding commission, less the amounts lost, on all Betfair Exchange markets.
- Last 52 Active Week Gross P&L is the sum of the Gross P&L in the last 52 active weeks of the account.
- For accounts with less than 52 active weeks, the Last 52 Active Week Gross P&L will be the gross P&L since account creation.
- Commission Generated includes half the commission paid on winnings, but also half the commission that Betfair makes from the other customers who win in markets in which you've lost, which we call Implied Commission. When you win, Betfair collects commission at your rate of commission, but when you lose, the commission collected by Betfair from the winners at their rate. So we'll determine the commission generated by your betting activity to be:
Commission Generated = (Commission Paid + Implied Commission) ÷ 2
where
Implied Commission = Market Losses x 2.5%
Calculation Details
8.5 At the start of each week Betfair will calculate your Last 52 Active Week Gross P&L and assign you to a fee rate as follows:
8.6 Customers will only be considered for the Expert Fee after they have bet in more than 100 Betfair Exchange markets.
8.7 Each Monday, we will aggregate the Gross P&L and Commission Generated in the previous week (Monday to Sunday).
8.8 If you have losses or have generated excess commission since you last paid Expert Fees or moved to a new fee rate, this will be factored into your calculation in the form of a Buffer. The Buffer represents the gross profit that can be won before incurring further Expert Fees. We will calculate the Buffer at the start of each activity week and apply to the following calculation:
Expert Fee Due = (Weekly Gross P&L - Buffer) * Current Expert Fee Rate - Weekly Commission Generated
where Buffer is the greater of:
(Commission Generated Since Last Expert Fee / Current Expert Fee Rate) - Gross P&L Since Last Expert Fee
(Commission Generated Since Last Rate Change / Current Expert Fee Rate) - Gross P&L Since Last Rate Charge
8.9 There are some considerations relating to the Buffer:
- a) If both of these values are negative, then the Buffer is zero.
- b) The Buffer will be available to view in the account page each Monday, displaying the value the start of last week and the value at the start of the current week. This allows the customer to see how much they can win before incurring further Expert Fees.
- c) For any accounts that have not previously paid Expert Fees (or Premium Charge), the since last charge calculation part of the Buffer calculation will be based on the full lifetime of your account.
8.10 For worked examples of this calculation, see the following link: https://support.betfair.com/app/answers/detail/expert-fee-faqs
8.11 Expert Fees will be deducted from customer accounts weekly (after Monday noon) in relation to the previous week's activity (Monday to Sunday)
Change of Charge Rates & Notifications
8.12 Upon initial qualification for the Expert Fee, you will be sent an email notification and will have the first debit reversed. This will not apply to customers who previously qualified for Premium Charge.
8.13 Should you qualify for a higher rate in future, then a further notification email will be sent out and a grace period of 1 week given before you are moved to the new higher rate. This will be a one-time goodwill gesture - if you move between fee rates in the future, then the new rate will come into effect from the following week of activity. Email communications will not be sent at this stage, but all changes will be displayed within your account page. Any notification emails and grace periods will not apply if you ever qualified for the higher rate during the time that Premium Charge was in effect.
8.14 Where Betfair is unable to provide email communication due to a reason out of its control, then any qualifying customers will be able to track their charges within their account page under Expert Fee.
Expert Fee Avoidance
8.15 You may only use the Betfair Exchange, including your account, in accordance with these terms. You may not engage in any activity which Betfair define as a ''Prohibited Betfair Exchange Activity'' including:
(i) an individual or group of people using multiple accounts to avoid or reduce liability for Expert Fee;
(ii) purposely manipulating the terms and conditions in order to avoid or reduce liability for the Expert Fee;
(iii) engaging in any form of abuse or activity that is detrimental to the Exchange ecosystem.
8.16 In circumstances where Betfair is satisfied that you have engaged in Prohibited Betfair Exchange Activity, Betfair may:
(i) link accounts and/or treat multiple accounts as if they relate to one person for the purposes of calculating Expert Fees. Linked accounts shall be jointly and severally liable for any unpaid Expert Fees. For the purpose of calculating unpaid Expert Fees, Betfair will review the historic betting activity of the linked accounts and apply the Expert Fee retrospectively as it should have been paid based on the combined activity of the linked accounts. The additional fees will be debited from any such account(s) where applicable;
(ii) suspend and/or close the accounts;
(iii) reactivate your account subject to reviewing the fee rate and/or commission rate, and Betfair has full discretion to increase your rate where appropriate. Customers will be informed of any changes to their rate. The rate will thereafter be applicable, regardless of a customer's 52 active week P&L position.
8.17 Please note that Betfair does not disclose details of the criteria it uses when linking accounts. If Betfair did, those seeking to avoid paying the Expert Fee might try to use that information to their advantage. Betfair adopts stringent and detailed forensic measures to analyse links between betting accounts. These measures allow Betfair to confirm, robustly, where accounts are linked for Expert Fee purposes.
9.Premium Charges - Australia/New Zealand only
9.1 The Premium Charge only applies in respect of bets placed on the Betfair Exchange and it does not apply to any bets placed on other Betfair products.
9.2 In addition to the other charges detailed above, a small number (less than 0.5%) of customers will incur Premium Charges.
9.3 Any customer affected by the Premium Charge will be notified in advance.
Calculating Potential Charges
9.4 An account will only be considered for the Premium Charge if the last 52 active week gross profit is greater than £25,000.
Key Definitions
- An Active Week will be considered any Monday - Sunday period in which there was at least one fully settled market.
- Gross P&L is the total amounts won, excluding commission, less the amounts lost, on all Betfair Exchange markets.
- Last 52 Active Week Gross P&L is the sum of the Gross P&L in the last 52 active weeks of the account.
- For accounts with less than 52 active weeks, the Last 52 Active Week Gross P&L will be the gross P&L since account creation.
- Commission Generated includes half the commission paid on winnings, but also half the commission that Betfair makes from the other customers who win in markets in which you've lost, which we call Implied Commission. When you win, Betfair collects commission at your rate of commission, but when you lose, the commission collected by Betfair from the winners at their rate. So we'll determine the commission generated by your betting activity to be:
Commission Generated = (Commission Paid + Implied Commission) ÷ 2
where
Implied Commission = Market Losses x 3%
Calculation Details
9.5 At the start of each week Betfair will calculate your Last 52 Active Week Gross P&L and assign you to a charge rate as follows:
9.6 Customers will only be considered for the Premium Charge after they have bet in more than 100 Betfair Exchange markets.
9.7 Each Monday, we will aggregate the gross P&L and commission generated in the previous week (Monday to Sunday).
9.8 If you have losses or have generated excess commission since you last paid Premium Charge or moved to a new charge rate, this will be factored into your calculation in the form of a Buffer. The buffer represents the gross profit that can be won before incurring further Premium Charges. We will calculate the buffer at the start of each activity week and apply to the following calculation:
Premium Charge Due = (Weekly Gross P&L - Buffer) * Current Premium Charge Rate - Weekly Commission Generated
where Buffer is the greater of:
(Commission Generated Since Last Premium Charge / Current Premium Charge Rate) - Gross P&L Since Last Premium Charge
(Commission Generated Since Last Rate Change / Current Premium Charge Rate) - Gross P&L Since Last Premium Charge
9.9 There are some considerations relating to buffers:
- a) If both of these values are negative, then the buffer is zero.
- b) The Buffer will be available to view in the account page each Monday, displaying the value at the start of last week and the value at the start of the current week. This allows the customer to see how much they can win before incurring further Premium Charges.
- c) For any accounts that have not previously paid Premium Charge, the since last charge calculation part of the Buffer calculation will be based on the full lifetime of your account.
9.10 Premium Charges will be deducted from customer accounts weekly (after Monday noon) in relation to the previous week's activity (Monday to Sunday).
Change of Charge Rates & Notifications
9.11 Upon initial qualification for the Premium Charge, you will be sent an email notification and will have the first debit reversed. This will not apply to customers who previously qualified for Premium Charge.
9.12 Should you qualify for a higher rate in future, then a further notification email will be sent out and a grace period of 1 week given before you are moved to the new higher rate. This will be a one-time goodwill gesture - if you move between charge rates in the future, then the new rate will come into effect from the following week of activity. Email communications will not be sent at this stage, but all changes will be displayed within your account page. Any notification emails and grace periods will not apply if you ever qualified for the higher rate during the time that Premium Charge was in effect.
9.13 Where Betfair is unable to provide email communication due to a reason out of its control, then any qualifying customers will be able to track their charges within their account page under Premium Charge or Expert Fee.
Premium Charge Avoidance
9.14 Accounts that are operated by one person, group of people, entity, API subscription or a Master Account with related Sub- accounts are treated as one customer for the purposes of calculating Premium Charges.
9.15 In circumstances where Betfair is satisfied that multiple accounts have been used by one person or group of persons in order to avoid or reduce liability for the Premium Charge, Betfair shall be entitled to treat those accounts as if they relate to one person for the purposes of calculating Premium Charges. In such circumstances Betfair shall link those accounts and the linked accounts shall be jointly and severally liable for any unpaid Premium Charge. The additional Premium Charge will be debited from any such account(s) where applicable.
9.16 Please note that Betfair does not disclose details of the criteria it uses when linking accounts. If Betfair did, those seeking to avoid paying the Premium Charge might try to use that information to their advantage. Betfair adopts very stringent and detailed forensic measures to analyse links between betting accounts. These measures allow Betfair to confirm, robustly, where accounts are linked for Premium Charge purposes.
9.17 In circumstances where Betfair is satisfied that any single account has purposely manipulated the terms and conditions in order to avoid or reduce liability for the Premium Charge, Betfair shall be entitled to notify you that it is suspending your account. Betfair may reactivate your account, subject to reviewing the charge rate, and Betfair has full discretion to increase your charge rate where appropriate. Customers will be informed of any changes to their rate. The rate will thereafter be applicable, regardless of a customer's 52 active week P&L position.
10. Turnover Charge
10.1 This section only applies to the Betfair Exchange.
10.2 In addition to the other charges detailed above a very small number of our customers who engage with the Betting Exchange in a particular way on turnover charge markets (as defined below) will incur Turnover Charges.
10.3 Please note that if you become eligible to incur Turnover Charges, we will contact you before any charges are paid.
10.4 Wagering operators in Australia are required to pay a fee based on turnover (defined as aggregate of back bets)to (a) Racing NSW for the right to accept bets on its racing; and (b) the NRL for the right to accept bets on certain rugby league events. From time to time, other Australian racing and/or sporting bodies may impose similar turnover based fees and, should they do so, we will communicate this to you in advance.
10.5 Who will pay the Turnover Charge?
10.5.1 This charge will only apply to customers who during a particular week (Monday to Sunday GMT) meet the below criteria:
For Racing NSW Markets:
a. have matched back bets on 1 or more markets on which Betfair is subject to a turnover fee from racing NSW (RNSW turnover charge markets);
b. have matched back bets with an aggregate value of AUS $1,000 or greater on RNSW turnover charge markets; and
c. the total commission generated by the customer on RNSW turnover charge markets is less than 1.25% of the aggregate value of matched back bets placed by the customer on those markets.
For NRL Markets:
a. have matched back bets on 1 or more settled markets on which Betfair is subject to a turnover fee from the NRL (NRL turnover charge markets);
b. have matched back bets with an aggregate value of AUS $500 or greater on NRL turnover charge markets; and
c. the total commission generated by the customer on NRL turnover charge markets is less than 0.85% of the aggregate value of matched back bets placed by the customer on those markets.
10.5.2 Total commission generated is half of the commission paid plus half of implied commission, calculated by the formula = (commission paid + implied commission) / 2.
Implied commission is 3% of player losses where players make an overall loss on a single market.
Turnover charge markets will be identified in the Market Information (located on every Betfair market either under the tab entitled "Rules" or under the Rules or 'i' (information) button).
10.6 What is the Turnover Charge?
Racing NSW Markets
11.6.1 The turnover charge will be 3.0% of the aggregate value of matched back bets on RNSW turnover charge markets.
NRL Markets
10.6.2 The turnover charge will be 2.5% of the aggregate value of matched back bets on NRL turnover charge markets.
10.6.3 The charge will be calculated for the period from each Monday to Sunday (GMT), and will be payable on a retrospective basis. The charge will be debited from a customer's wallet each Wednesday, alongside any applicable premium charge.
10.6.4 The charge will only be incurred for any week when a customer's betting activity meets the criteria. Please note the charge will not be applicable to any lay bets.
10.7 Examples of the Turnover Charge
Racing NSW Markets
10.7.1 During a weekly cycle, a customer has matched back bets to an aggregate value of AUS $10,000 on 6 NSW thoroughbred markets. The customer has AUS $100 in Total Commission generated.
Criteria:
10.7.2 In the above example, the Turnover Charge payable will be 3% of $10,000 = $300
NRL Markets
10.7.3 During a weekly cycle, a customer has matched back bets to an aggregate value of AUS $10,000 on 6 NRL markets. The customer has AUS $50 in Total Commission generated.
Criteria:
10.7.4 In the above example, the Turnover Charge payable will be 2.5% of $10,000 = $250
10.8 How will I be notified if I am required to pay the Turnover Charge?
10.8.1 Customers will be contacted directly by a Betfair representative (via email or phone) and informed on the first occasion on which this turnover charge would have been payable.
10.8.2 Customers will also be afforded a one-week "grace period" designed to give them an opportunity to refine their betting habits should they wish to do so.
10.8.3 A summary report of an individual's weekly activity will also be available if requested.
Index
A. Customers in all regions (except for customers specified in Tables B, C or D below)
B. Customers in Austria, Switzerland and Ukraine
D. Customers in Albania, Australia and New Zealand
Table A
This table applies to customers in all regions (other than those specified in Tables B, C or D below):
Table B
This table applies to customers in Austria, Switzerland, and Ukraine
Table C
This table applies to customers in Hungary with effect from 1st May 2017 (until which the rates in table A shall continue to apply).
Table D
No discount rate will apply to customers in the following territories (with effect from the date set out next to the applicable territory).
V 05.25 09/10/25