The Betfair Exchange is one of the most popular and oldest betting exchanges in the industry. It is more than 20 years old and has amassed millions of users from around the world as a replacement for sportsbook betting.
Apart from being an effective alternative, the Betfair exchange rate has always been a hot topic. Previously, it was charging a hefty commission. However, when competition increased over the years, the company revamped its commission structure, which involves a percentage as low as 2%.
What is the Betfair Exchange Commission?
At Betfair, the lowest commission is 2%. However, it applies only to winnings.
To understand more, assume you put £100 on a match at 1.5 odds. If you win, your winning amount will be £150. In this case, you’ll pay a commission of £3 to Betfair. In case you choose multiple reward plans, you may have to pay 5% to 8% in commission to the company. Some regular punters know tricks and techniques to win more while paying a commission of only 2%.
Become aware of live Betfair prices to know more about the exchange commission.
Different Betfair Reward Plans
Betfair is a popular platform for new, advanced, and pro punters. It has multiple plans and rewards for different types of users. Although there’s no cost for a sign-up, all plans have their own pros and cons.
- Basic
As clear from the name, it is a very basic and standard plan. Although it enables you to reap the benefits of the 2% Betfair exchange rate, there are no rewards that you can enjoy with this offer.
Apart from that, the basic plan disqualifies you from the platform’s promotional offers.
- Rewards
After basic, the next reward plan by Betfair is rewards. Although it comes with lots of bonuses from the platform, it charges around 5% of commission – which is a steep increase from 2% in the basic reward plan.
When it comes to bonuses, you can enjoy a free £5 accumulator bet each month. Apart from that, you’ll get 10 free spins per month. Apart from that, there are many other rewards and bonuses that you can enjoy.
- Rewards+
The final plan is Rewards+, which comes with a commission rate of 8%. However, it has multiple bonuses and rewards. One of the most exciting rewards is giving you 10% on your losses on a monthly basis.
In addition, the Rewards+ plan has all those bonuses and offers that come with the rewards plan.
Which is the Right Betfair Reward Plan for You
Now that you are aware of different reward plans, it’s time to choose the right plan for your requirements. If you are someone who can make £200 monthly, then stick to the basic plan. If you want to play for fun, then choose the other plans.
To increase your chances of winning, study all the Betfair cricket match odds.
