The Betfair Points System is a system of credits that are used to calculate your commission rate - the percentage of winnings (and losses) that is paid to Betfair for use of their service. Points are accrued each time you bet on the Betfair Exchange. You earn one point per 10p of commission paid on winnings (or implied commission, if you have net losses). For example: Net market winnings of £100. 5% base rate commission. Current discount rate is 0%. Commission paid is £5. You gain 50 ... Betfair Points is a reward scheme for using the Betfair Exchange. Points are used to decide how much commission is charged to customers when they win. Both winning and losing bets placed on the exchange qualify for points and the more points, the less commission is charged. Customers receive 1 point for every 10p of commission paid on net winnings and 1 point for every 10p of commission that would have been paid on a net loss. Betfair Points are used to determine how much commission you pay when you win, which the more you bet, the less you pay and helps you win bigger. You earn Betfair Points every time you bet on a Betfair Exchange market regardless of the outcome, you’ll earn 1 point for every 10 pence of commission you paid (if you have net winnings) or would have paid (implied commission if you have a net loss). Get the latest offer from Betfair™ Exchange: Bet on the Betfair Exchange and any commission paid within the first 30 days will be refunded in cash, up to a max of £500.Plus we've automatically opted you into the Basic Package, which will give you a 2% commission rate after the promotion period has ended. You can change this at any time from the Betfair Rewards menu. Betfair Points are given to customers every time they play, with players earning 1 Betfair Point for every 10p in commission paid. Losing bets also earn Betfair Points based upon the commission that would have been paid. How much discount is offered is then determined by how many points you have, building up over time. Discounts begin when you reach 1,000 Betfair Points, where 2% is discounted. 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. Betfair Commission Discount. Betfair reward your loyalty in using them by awarding Betfair Points. These points accumulate and, if you earn enough, will result in a discount being applied to the base 5% commision rate. You can earn points every time you use the exchange, win or lose. Betfair points will continue to accrue in your account when you bet on Betfair Exchange. However, these points will not affect your commission rate, except for events base in Australia. Your Discount Rate reduces the amount of commission you pay and is based on how many Betfair Points you’ve earned. We reward you with Betfair Points when you win or lose on the Betfair Exchange. When do I pay Commission? Betfair charges Commission only on your net winnings on a market. You do not pay commission on losing bets.
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