No idea. He was moaning about one of there golf tipsters saying he was a fraud and this sort of thing. Then his account was shut. He threw up the email saying that heād over 27k profit since opening the account but it was closed for reckless gambling.
A quick back of the fag packet calculation tells me youād actually be better off on the 8% commission if you are a punter who loses more than 70% of bets, assuming even money stakes and giving no monetary value to any of the perks.
Above that win rate the 2% commission is obviously much better.
At no point is 5% commission structure better for the punter, either winner or loser.
Not sure how it would hold up beyond even money stakes, I donāt think it would make a massive difference overall assuming the same win rate.
Of course if you are losing 70% of even money bets you place, you really should stop gambling because you arenāt very good at it.
Most of the big gamblers on the exchange would chop their hands off for 2 percent. Any small time Punter should be given no commission. Betfair would make more in the long run.
Iām not positive but a lot of the professionals set up there own books or run private tipping services to avoid charges I believe. Two of my friends are at it. One sends out an email of tips every day and the other lad set up his own book and takes bets on various sports just to avoid charges.
Betdaq are using 2% for ages but anytime that i ever look there isnāt much volume. I use Betfair primarily these days and my commission was about 4% or so. it use to be a bit lower years ago but they changed commission scales a while back. At one time there used to be a fair overnight market but that is now ruined mainly due to the bots arbing with the bookies.