Post
Topic
Board Gambling discussion
Merits 1 from 1 user
Re: Is there a "betfair" for bitcoin up and running yet?
by
SyGambler
on 16/02/2019, 19:56:05 UTC
⭐ Merited by arco-yabamba (1)

commission in both of Orbit and 9wickets is 3% on winnings , which is lower than the standard betfair but as I understood from support commissions don't get lower lower even if you wager hundred of thousands with them unlike betfair where high rollers get discounts

I didn't get what you mean about premium charge , can you explain it ?

3% is not too bad given what you are getting (i.e. access to Betfair markets with BTC and no KYC).

Premium Charge is an *extra* fee that Betfair charge long-term winners. They introduced it years ago, this is from their website:
https://en-betfair.custhelp.com/app/answers/detail/a_id/6156/~/premium-charge---what-is-it%3F-will-i-need-to-pay-it%3F

Basically, it was introduced to take a bigger chunk of the profits their professional users were making. And because of their market position it is something a lot of very unhappy Betfair pros have had to put up with. A source of continued irritation to most.

oh , nothing at all mentioned about that so I guess there is no premium charge at all
didn't know that betfair charges more for winners , this makes no sense since they are getting their commissions no matter of the traders' results