Many thanks for the replies and info over the weekend guys!
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To answer your premium charge question on betfair,they very cleverly market the exchange as a "5% commission paid on winning bets" as they're general rule of thumb.
However the actual reality is that for a long term winning bettor on betfair their pricing structure and premium charge means you will pay a MINIMUM of 22.5% ish in commission,staggering I know! (I generally hover between 21% and 25% myself....21% means I'm on a good run...25% makes me cry a lot lol)
Hi Josjac,
I'm glad my initial post here in this thread helped you (and maybe others) see there is an easier way to bet in "BetFair" using Bitcoin. Using agents is simply next to none, you won't get any better than this.
Now regarding the commission - I know with Orbit the commission is 3% flat, so you would never pay more than 3% on your winnings - so in that case this is better for you than using BetFair website, isn't it?
Thanks getpaid,yes the commission rates are lower than betfair and the lure of no premium charge,or the constant fear of getting trapped into it at least,does make it attractive!
Orbit is geoblocked though for UK users(i am one) and yes i can go the vpn route i suppose but again its just an added hassle and they arent foolproof either as lots of betting companies automatically restrict your betting when they detect youre using a vpn (betvictor is one sportsbook i know of that automatically do this).