*** Only 50% Commission for this Sunday ***Try our platform today with this little incentive.
Campaign valid for all markets until midnight UTC (of monday)
Good luck
What is your commission structure? Is it like betfair in that commission is only charge on the end market result, not on each trade on a market?
Do you have in-play betting, if so, what delay do you have on the bets being accepted?
Sorry if these are dumb questions but I am at work at the moment but would like to try out your website tonight. I didn't know there was a bitcoin betting exchange, I used to work for betfair and think bitcoin is perfect for a p2p betting exchange.
Hello
Our commissions are charged exactly like on betfair.
You pay nothing more than a commission on your gross winnings on a market.
This means that if the global trading activity on a market for a user is negative, that user won't be charged anything even if he/she had one on more positive bets on that market.
InPlay betting is allowed and welcome. There is no delay for inplay bets, exactly the same as other bets.
If you have additional questions let me know.
Your answer was not clear. I think we can assume "market" means sport but I think you should define that better as well (in case you actually count different soccer leagues (for example) as different markets.
You also need to define the period over which gross winnings are calculated and commissions are charged. Is this weekly? Monthly? Or is some other time period used.
For example if I win 2btc the first week of April but lose 3btc the 2nd week of April (and dont bet for the rest of the month) and I charged commissions for the first week? Or am I not charged at all since my gross profit/loss for the month is actually a 1btc loss
This page needs a lot more detail:
https://betbtc.zendesk.com/hc/en-us/articles/201851991-How-is-my-comission-calculated-Your question is very pertinent and I can assure you that we will update the wiki ASAP with more corrected and simplified information.
Direct replying to your question, a BetBTC market is not the event itself as you sugested but "where are you betting on an event".
To give a concrete example on an
event At.Madrid vs Real Madrid, we offer the
markets Match Odds, Over/Under 2.5 Goals, etc...
The bet settlement is processed from all
markets instantly after the
event is finished. At this time all winnings are credited and commissions deducted from winning players (
market)
Hope this clarifies your question
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