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.
2.1 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 8.
2.2 An Inactive Account Fee will be payable by customers who have not logged in to their Betfair account for thirteen consecutive months or more and who have a Betfair account in credit. Details of the Inactive Account Fee are set out in Section 10 below.
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 7 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 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 Australian racing markets in a particular way. Details of the Turnover Charge are set out in Section 11 below.
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.
5.1 This section only applies to the Betfair Exchange Multiples product and does not apply to the Sportsbook ˜(Fixed Odds) Multiples product.
5.2.1 Betfair charges commission on winning sports Multiples bets. The commission is usually 5% of winnings but may vary from time to time. Always check the Rules tab to be sure what commission rate applies. If your Multiples bet loses you do not pay commission; and -
5.2.2 Betfair Points are awarded in the same way as for sports betting markets. If your bet wins you will be awarded 1 Betfair Point for every 10 pence of commission paid. If your bet loses you will be awarded 1 Betfair Point for every 10 pence of implied commission.
5.3.1 When betting on horse racing Multiples the odds of each leg will be based on the Betfair SP, adjusted by a margin. This margin is usually 5% but may vary from time to time. No commission is payable on winnings on horse racing Multiples.
5.3.2 Betfair Points are awarded on the basis of one Betfair Point for every £2 won or lost on each Multiple. E.g. a £10 winning multiple with combined odds of 11 would be awarded 50 Betfair Points based on £100 of winnings. If the same multiple were a loser 5 Betfair Points would be awarded on the £10 loss.
6.1 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.
6.2 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.
7.1 This section only applies to the Betfair Exchange.
7.2 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 or on Exchange Games.
This charge is designed to limit inefficient transactional behaviour, particularly at peak times.
7.3 A ‘transaction’ shall include all bets placed and all failed transactions. Transaction Charges only apply to customers recording more than 5000 transactions an hour.
7.4 For the purpose of calculating Transaction Charges, an “hour” means a continuous period of 60 minutes based on the standard 24-hour clock system. Each new ‘hour’ will start at on the hour (e.g. 10:00:00) and finish at 59 minutes and 59 seconds past that hour (e.g.10.59:59).
What is placed bet?
Any bet that is matched, cancelled or lapsed.
What is a failed transaction?
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 link below:
At the end of every day, we add up all the transactions you have recorded. If this number is in excess of 5000 in any hour of the day then (based on the 24-hour clock system) then we will multiply the exceeded amount by 0.2p.:
(Commission Generated = (Commission Paid + Implied Commission) ÷ 2
where
Implied Commission = market losses x 3%
Any remaining amount will be charged to your account on a daily basis. Should your (commission) exceed this amount, you will not be charged a transaction fee. Accounts that relate to one person, entity, API subscription or a Master account (Trading version only) with related Sub accounts are treated as one customer for the purposes of transaction charging. Note transaction charges will not generate Betfair points or be offset against any Expert Fees.
Example::
You are a Betfair Exchange user who pays commission generated of £2.10 throughout a given day.
However, between the hours of 14:00:00 and 14:59:59 you placed 4800 bets and recorded 3400 failed transactions, between the hours of 15:00:00 and 15:59:59 you placed 2250 bets and recorded 4200 failed transactions, but in other hours you recorded less than 5000 transactions. Your base transaction charge is (4800+3400-5000) X £0.002 + (2250+4200-5000) X £0.002 = £9.30.
Therefore you will be billed an additional £9.30-£2.10 = £7.20 on the following day.
8.1 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.
8.2 Please note that if you become eligible to incur additional deposit and withdrawal charges, we will contact you before any charges are paid.
9.1 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.
9.2 In addition to the other charges detailed above, a small number (less than 0.5%) of our customers will incur Expert Fees.
9.3 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.
9.4 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
9.5 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:
| Last 52 Active Week Gross P&L | Fee Rate |
|---|---|
| <£25,000 | 0% |
| £25,000 - £100,000 | 20% |
| >£100,000 | 40% |
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 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
9.9 There are some considerations relating to the Buffer:
9.10 For worked examples of this calculation, see the following link: https://support.betfair.com/app/answers/detail/expert-fee-faqs
9.11 Expert Fees will be deducted from customer accounts weekly (after Monday noon) in relation to the previous week’s activity (Monday to Sunday)
9.12 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.
9.13 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.
9.14 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.
9.15 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 Expert Fees. /p>
9.16 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 Expert Fee, Betfair shall be entitled to treat those accounts as if they relate to one person for the purposes of calculating Expert Fees. In such circumstances Betfair shall link those accounts and the linked accounts shall be jointly and severally liable for any unpaid Expert Fees. The additional fees will be debited from any such account(s) where applicable.
9.17 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.
9.18 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 Expert Fee, or deemed to be engaging in any form of abuse or activity that is detrimental to the Exchange ecosystem, Betfair shall be entitled to notify you that it is suspending your account. Betfair may 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.
10.1 We will charge you* a fee†^ (as indicated in the table below) per calendar month ("Inactive Account Fee") if:
10.2 We will contact you via email after 12 months’ inactivity and, after that, the monthly Inactive Account Fee will apply until your remaining balance reaches zero.
10.3 The Inactive Account Fee will be withdrawn from the main licence wallet of your Betfair account (your "Main Wallet") on a monthly basis to the extent that the Main Wallet remains in credit and only for the period during which there remains no Account Activity after the initial thirteen month period has passed. If the Inactive Account Fee is due to be withdrawn from your account and the balance of your Main Wallet is less than €5 (or equivalent currency), the Inactive Account Fee shall comprise the remaining funds in your Main Wallet.
10.4 If you have been subject to one or more Inactive Account Fee(s), we will reimburse you on request 100% of the amount you have been charged to date.
To request a refund, please contact our Customer Service team here.
10.5 For example: if your account is transacted in EUR, the last time you engaged in Account Activity was 28 February 2010, and your Main Wallet held funds of €25 as at 31 March 2011, then Betfair would charge its first Inactive Account Fee on or around 31 March 2011, and would continue to charge the Inactive Account Fee on a monthly basis thereafter. If you then placed a bet on 15 May 2011 and notified Betfair that you would like to be reimbursed, Betfair would reimburse you the €10 Inactive Account Fee imposed (€5 on 31 March and €5 on 30 April).
10.6 *Customers registered in the United Kingdom, shall not be subject to the Inactive Account Fee. If your country of registration is outside the UK, and you hold more than one Betfair account, you will only incur an Inactive Account Fee in respect of one account at any one time (meaning that you will never pay more than one Inactive Account Fee per month).
†If you are VAT registered and require a VAT invoice, this will be available on request from the Betfair Helpdesk.
^All charges quoted are inclusive of VAT.
±Funds in the Casino wallet and the Exchange Games wallet of your Betfair account shall not be affected by the Inactive Account Fee.
| Currency in which Betfair account is transacted | Inactive Account Fee |
|---|---|
| BRL | 15 |
| CAD | 5 |
| EUR | 5 |
| GBP(for customers whose country of registration is outside the UK) | 4 |
| HKD | 30 |
| NOK | 30 |
| SEK | 30 |
| PEN | 15 |
| SGD | 5 |
| USD | 5 |
11.1 This section only applies to the Betfair Exchange.
11.2 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.
11.3 Please note that if you become eligible to incur Turnover Charges, we will contact you before any charges are paid.
11.4 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.
11.5.1 This charge will only apply to customers who during a particular week (Monday to Sunday GMT) meet each of the below criteria:
11.5.2 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).
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.
11.7.1 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:
| CRITERIA | APPLICABLE | ACTIVITY |
| Matched back bets placed in 1 or more turnover charge markets | YES | 6 turnover charge markets |
| Matched back bets with an aggregate of AUS $1,000 or greater on turnover charge markets | YES | AUS $10,000 of matched back bets on turnover charge markets |
| Total Commission generated on turnover charge markets is less than 1.25% of aggregate matched back bets | YES | AUS $100/$10,000 = 1% |
11.7.2 Turnover Charge payable will be 3.0% of $10,000 = $300
11.8.1 Customers will be contacted directly by a Betfair representative and informed on the first occasion on which this turnover charge would have been payable.
11.8.2 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.
11.8.3 A summary report of an individual's weekly activity will also be available if requested.
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.
2.1 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 8.
2.2 An Inactive Account Fee will be payable by customers who have not logged in to their Betfair account for thirteen consecutive months or more and who have a Betfair account in credit. Details of the Inactive Account Fee are set out in Section 10 below.
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 7 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 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 11 below.
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.
5.1 This section only applies to the Betfair Exchange Multiples product and does not apply to the Sportsbook (˜Fixed Odds) Multiples product.
Betfair charges commission on winning sports Multiples bets. The commission is usually 5% of winnings but may vary from time to time. Always check the Rules tab to be sure what commission rate applies. If your Multiples bet loses you do not pay commission.
Betfair Points are awarded in the same way as for sports betting markets. If your bet wins you will be awarded 1 Betfair Point for every 10 pence of commission paid. If your bet loses you will be awarded 1 Betfair Point for every 10 pence of implied commission.
When betting on horse racing Multiples the odds of each leg will be based on the Betfair SP, adjusted by a margin. This margin is usually 5% but may vary from time to time. No commission is payable on winnings on horse racing Multiples.
Betfair Points are awarded on the basis of one Betfair Point for every £2 won or lost on each Multiple. E.g. a £10 winning multiple with combined odds of 11 would be awarded 50 Betfair Points based on £100 of winnings. If the same multiple were a loser 5 Betfair Points would be awarded on the £10 loss.
6.1 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.
6.2 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.
7.1 This section only applies to the Betfair Exchange.
7.2 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.
7.3 A ‘transaction’ shall include all bets placed and all failed transactions. Transaction Charges only apply to customers recording more than 5000 transactions an hour.
7.4 For the purpose of calculating Transaction Charges, an “hour” means a continuous period of 60 minutes based on the standard 24-hour clock system. Each new ‘hour’ will start at on the hour (e.g. 10:00:00) and finish at 59 minutes and 59 seconds past that hour (e.g.10.59:59).
What is a placed bet?
Any bet that is matched, cancelled or lapsed.
What is a failed transaction?
An action that leads to your bet not being placed on the Betfair Exchange.Full descriptions of each failed transaction type can be found in the link below:
At the end of every day, we add up all the transactions you have recorded. If this number is in excess of 5000 in any hour of the day then (based on the 24-hour clock system) then we will multiply the exceeded amount by 0.2p.:
Commission generated =(Commission Paid + Implied Commission) ÷ 2
where
Implied Commission = market losses x 3%
Any remaining amount will be charged to your account on a daily basis. Should your commission generated exceed this amount, you will not be charged a transaction fee. Accounts that relate to one person, entity, API subscription or a Master account (Trading version only) with related Sub accounts are treated as one customer for the purposes of transaction charging.
Note transaction charges will not generate Betfair points or be offset against any Expert Fees.
Example::
You are an API user who pays (commission + implied commission) ÷ 2 of £18.50 throughout a given day.
However, between the hours of 14:00:00 and 14:59:59 you placed 4800 bets and recorded 3400 failed transactions, between the hours of 15:00:00 and 15:59:59 you placed 2250 bets and recorded 4200 failed transactions, but in other hours you recorded less than 5000 transactions. Your base transaction charge is (4800+3400-5000) X £0.002 + (2250+4200-5000) X £0.002 = £9.30.
Therefore you will be billed an additional £9.30-£2.10 = £7.20 on the following day.
8.1 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.
8.2 Please note that if you become eligible to incur additional deposit and withdrawal charges, we will contact you before any charges are paid.
9.1 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.
9.2 In addition to the other charges detailed above, a small number (less than 0.5%) of our customers will incur Expert Fees.
9.3 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.
9.4 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
9.5 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:
| Last 52 Active Week Gross P&L | Fee Rate |
|---|---|
| <£25,000 | 0% |
| £25,000 - £100,000 | 20% |
| >£100,000 | 40% |
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 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
9.9 There are some considerations relating to the Buffer:
9.10 For worked examples of this calculation, see the following link: https://support.betfair.com/app/answers/detail/expert-fee-faqs
9.11 Expert Fees will be deducted from customer accounts weekly (after Monday noon) in relation to the previous week’s activity (Monday to Sunday)
9.12 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.
9.13 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.
9.14 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.
9.15 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 Expert Fees. /p>
9.16 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 Expert Fee, Betfair shall be entitled to treat those accounts as if they relate to one person for the purposes of calculating Expert Fees. In such circumstances Betfair shall link those accounts and the linked accounts shall be jointly and severally liable for any unpaid Expert Fees. The additional fees will be debited from any such account(s) where applicable.
9.17 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.
9.18 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 Expert Fee, or deemed to be engaging in any form of abuse or activity that is detrimental to the Exchange ecosystem, Betfair shall be entitled to notify you that it is suspending your account. Betfair may 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.
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.
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
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:
| Last 52 Active Week Gross P&L | Charge Rate |
|---|---|
| <£25,000 | 0% |
| £25,000 - £100,000 | 20% |
| >£100,000 | 40% |
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:
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).
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.
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.
10.1 We will charge you* a fee†^ (as indicated in the table below) per calendar month ("Inactive Account Fee") if:
10.2 We will contact you via email after 12 months inactivity and, after that, the monthly Inactive Account Fee will apply until your remaining balance reaches zero.
10.3 The Inactive Account Fee will be withdrawn from the main licence wallet of your Betfair account (your "Main Wallet") on a monthly basis to the extent that the Main Wallet remains in credit and only for the period during which there remains no Account Activity after the initial thirteen month period has passed. If the Inactive Account Fee is due to be withdrawn from your account and the balance of your Main Wallet is less than €5 (or equivalent currency), the Inactive Account Fee shall comprise the remaining funds in your Main Wallet.
10.4 If you have been subject to one or more Inactive Account Fee(s), we will reimburse you on request 100% of the amount you have been charged to date.
To request a refund, please contact our Customer Service team here.
10.5 For example: if your account is transacted in EUR, the last time you engaged in Account Activity was 28 February 2010, and your Main Wallet held funds of &euro25 as at 31 March 2011, then Betfair would charge its first Inactive Account Fee on or around 31 March 2011, and would continue to charge the Inactive Account Fee on a monthly basis thereafter. If you then placed a bet on 15 May 2011 and notified Betfair that you would like to be reimbursed, Betfair would reimburse you the &euro10 Inactive Account Fee imposed (&euro5 on 31 March and &euro5 on 30 April).
10.6 *Customers registered in the United Kingdom shall not be subject to the Inactive Account Fee. If your country of registration is outside the UK and you hold more than one Betfair account, you will only incur an Inactive Account Fee in respect of one account at any one time (meaning that you will never pay more than one Inactive Account Fee per month).
†If you are VAT registered and require a VAT invoice, this will be available on request from the Betfair Helpdesk.
^All charges quoted are inclusive of VAT.
Funds in the Casino wallet and the Exchange Games wallet of your Betfair account shall not be affected by the Inactive Account Fee.
| Currency in which Betfair account is transacted | Inactive Account Fee |
|---|---|
| BRL | 15 |
| CAD | 5 |
| EUR | 5 |
| GBP(for customers whose country of registration is outside the UK) | 4 |
| GBP(for customers whose country of registration is the UK) | 5 |
| HKD | 30 |
| HUF | 1500 |
| ISK | 600 |
| MXN | 100 |
| NOK | 30 |
| SEK | 30 |
| PEN | 15 |
| SGD | 5 |
| USD | 5 |
| AUD | 10 |
11.1 This section only applies to the Betfair Exchange.
11.2 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.
11.3 Please note that if you become eligible to incur Turnover Charges, we will contact you before any charges are paid.
11.4 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.
11.5.1 This charge will only apply to customers who during a particular week (Monday to Sunday GMT) meet the below criteria:
For Racing NSW Markets:
11.5.2 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).
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
11.6.2 The turnover charge will be 2.5% of the aggregate value of matched back bets on NRL turnover charge markets.
11.6.3 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.
11.6.4 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.
Racing NSW Markets
11.7.1 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:
| CRITERIA | APPLICABLE | ACTIVITY |
| Matched back bets placed in 1 or more RNSW turnover charge markets | YES | 6 RNSW turnover charge markets |
| Matched back bets with an aggregate of AUS $1,000 or greater on RNSW turnover charge markets | YES | AUS $10,000 of matched back bets on RNSW turnover charge markets |
| Total Commission generated on RNSW turnover charge markets is less than 1.25% of aggregate matched back bets | YES | AUS $100/$10,000 = 1% |
11.7.2 In the above example, the Turnover Charge payable will be 304% of $10,000 = $300
NRL Markets
11.7.3 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:
| CRITERIA | APPLICABLE | ACTIVITY |
| Matched back bets placed in 1 or more NRL turnover charge markets | YES | 6 NRL turnover charge markets |
| Matched back bets with an aggregate of AUS $1,000 or greater on NRL turnover charge markets | YES | AUS $10,000 of matched back bets on NRL turnover charge markets |
| Total Commission generated on NRL turnover charge markets is less than 0.65% of aggregate matched back bets | YES | AUS $50/$10,000 = 0.5% |
11.7.4 In the above example, the Turnover Charge payable will be 2.5% of $10,000 = $250
11.8.1 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.
11.8.2 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.
11.8.3 A summary report of an individual's weekly activity will also be available if requested.
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
This table applies to customers in all regions (other than those specified in Tables B, C or D below):
| Betfair Points | ||
|---|---|---|
| From | To | Discount Rate |
| 0 | 999 | 0% |
| 1,000 | 2,499 | 2% |
| 2,500 | 3,999 | 4% |
| 4,000 | 5,499 | 6% |
| 5,500 | 6,999 | 8% |
| 7,000 | 8,999 | 10% |
| 9,000 | 10,999 | 12% |
| 11,000 | 12,999 | 14% |
| 13,000 | 14,999 | 16% |
| 15,000 | 16,999 | 18% |
| 17,000 | 18,999 | 20% |
| 19,000 | 20,999 | 22% |
| 21,000 | 22,999 | 24% |
| 23,000 | 25,999 | 26% |
| 26,000 | 28,999 | 28% |
| 29,000 | 31,999 | 30% |
| 32,000 | 35,999 | 32% |
| 36,000 | 39,999 | 34% |
| 40,000 | 43,999 | 36% |
| 44,000 | 48,999 | 38% |
| 49,000 | 54,999 | 40% |
| 55,000 | 60,999 | 42% |
| 61,000 | 66,999 | 44% |
| 67,000 | 72,999 | 46% |
| 73,000 | 79,999 | 48% |
| 80,000 | 87,999 | 50% |
| 88,000 | 95,999 | 52% |
| 96,000 | 107,999 | 54% |
| 108,000 | 125,999 | 56% |
| 126,000 | 149,999 | 58% |
| 150,000 | - | 60% |
This table applies to customers in Austria, Switzerland, and Ukraine
| Betfair Points | ||
|---|---|---|
| From | To | Discount Rate |
| 0 | 999 | 0% |
| 1,000 | 3,999 | 1% |
| 4,000 | 6,999 | 2% |
| 7,000 | 10,999 | 3% |
| 11,000 | 14,999 | 4% |
| 15,000 | 18,999 | 5% |
| 19,000 | 20,999 | 6% |
| 21,000 | 22,999 | 8% |
| 23,000 | 25,999 | 10% |
| 26,000 | 28,999 | 12% |
| 29,000 | 31,999 | 14% |
| 32,000 | 35,999 | 16% |
| 36,000 | 39,999 | 20% |
| 40,000 | 43,999 | 22% |
| 44,000 | 48,999 | 24% |
| 49,000 | 54,999 | 26% |
| 55,000 | 60,999 | 30% |
| 61,000 | 66,999 | 32% |
| 67,000 | 72,999 | 34% |
| 73,000 | 79,999 | 36% |
| 80,000 | 87,999 | 40% |
| 88,000 | 95,999 | 42% |
| 96,000 | 107,999 | 44% |
| 108,000 | 125,999 | 46% |
| 126,000 | - | 50% |
This table applies to customers in Hungary with effect from 1st May 2017 (until which the rates in table A shall continue to apply).
| Betfair Points | ||
|---|---|---|
| From | To | Discount Rate |
| 0 | 29,999 | 0% |
| 30,000 | 30,999 | 10% |
| 31,000 | 31,999 | 12% |
| 32,000 | 33,999 | 14% |
| 34,000 | 35,999 | 16% |
| 36,000 | 37,999 | 18% |
| 38,000 | 39,999 | 20% |
| 40,000 | 41,999 | 22% |
| 42,000 | 43,999 | 24% |
| 44,000 | 46,499 | 26% |
| 46,500 | 48,999 | 28% |
| 49,000 | 51,999 | 30% |
| 52,000 | 54,999 | 32% |
| 55,000 | 57,999 | 34% |
| 58,000 | 60,999 | 36% |
| 61,000 | 63,999 | 38% |
| 64,000 | 66,999 | 40% |
| 67,000 | 69,999 | 42% |
| 70,000 | 72,999 | 44% |
| 73,000 | 76,499 | 46% |
| 76,500 | 79,999 | 48% |
| 80,000 | 87,999 | 50% |
| 88,000 | 95,999 | 52% |
| 96,000 | 107,999 | 54% |
| 108,000 | 125,999 | 56% |
| 126,000 | 149,999 | 58% |
| 150,000 | - | 60% |
No discount rate will apply to customers in the following territories (with effect from the date set out next to the applicable territory).
| Territory | Date |
| Albania | 1 May 2017 |
| Australia | 1 March 2022 |
| New Zealand | 1 March 2022 |
V 01.25 09/01/25