The basic rewards plan basically excludes you from any interim promotions but gives you a 2 per cent commission on net winnings on Betfair exchange markets. I am sure that this will be attractive to many people. The other two schemes give you varying commissions and varying incentives to take up additional offers that take place. Betfair Poker has always enjoyed a good player active base on the poker side, reason for running numerous monthly promotions here. Even from the beginning, the welcome package rewards new depositor players with free tokens to different tournaments for the Betfair Poker Live team qualification.

Betfair Exchange is the industry's most popular betting exchange. Until recently, the exchange took some pretty hefty commissions. However, in response to new competition, Betfair have released a new commission model which involves commissions as low as 2% on your winning bets. In this article, we'll look at how commissions work on the Betfair Exchange, with the newly implemented rewards plans.

What Is the Commission on Betfair Exchange?

The lowest commission available on the Betfair Exchange is 2%. This applies to all winning bets, and is calculated based on net winnings, which is the total profit from a bet plus the original stake. In other words, if you win a £100 bet at 1.5 odds, you'll pay 2% of £150, or £3, in commission. The commission on Betfair Exchange can rise to 5% or 8% if you choose to sign up for one of Betfair's new rewards plans. While this might not sound so attractive, it can be a good trade-off for casual punters. Of course, if you have a betting strategy that profits consistently, you're better off sticking with the 2% commission.

Betfair Rewards Plans

As mentioned, commissions on the Betfair Exchange depend on which of Betfair's rewards plans you are signed up to. There are a total of three rewards plans. While they cost nothing to sign up for, they each have their own pros and cons.

Basic

Betfair's Basic rewards plan is exactly what it sounds like: basic. This plan offers no rewards; in fact, it even disqualifies you from some of Betfair's promotional offers. However, the Basic rewards plan allows you to make use of the minimum, 2% commission rate.

Rewards

The next rewards plan offered by Betfair is called Rewards. This plan will increase your Exchange commission to 5%, which is a big jump. In exchange, Betfair provides a fair few bonuses for users of this plan. First of all, users on this plan will get a free £5 accumulator bet every month. What's more, they'll get 10 free spins a month on Betfair's Age of Gods. They'll also get access to the Cash Race promotion. Last but not least, users on this plan will get to play Betfair's Beat the Drop for free, once a month, with the chance to win up to £32,000. There's no doubt about it: this plan is definitely less favourable for professional sports betters, who'll lose out on a further 3% of their winnings for mediocre rewards. But for the casual punter, with just a few hundred pounds to play with, this plan is a lot more interesting.

Rewards+

The third and final rewards plan on Betfair is called Rewards+, or Rewards Plus. This plan increases your commission rate to 8%, but the rewards are even better. Perhaps the most interesting reward on this plan is that users will get 10% back on their losses, on a monthly basis, per the terms and conditions. Aside from that, users on this plan get similar, but more significant benefits to users on the Rewards plan. This includes a free £10 accumulator every month, 25 free spins every month, extra prizes for the Cash Race promotion, and two free plays of Beat the Drop every month.

Once again, the Rewards+ plan isn't too interesting if you consistently profit from sports betting. However, it can be beneficial for casual punters, who don't always turn a profit.

Which Betfair Rewards Plan Should You Choose?

Best Betfair Rewards Plan

So, we've looked at the three rewards plans offered by Betfair and how they affect your commission rate on the Betfair Exchange. But which plan should you choose? If you have a betting system that allows you to make more than £200 a month, like Hinto, we'd absolutely recommend sticking with the Basic plan. If you mainly bet for fun or make less than that, we think the Rewards+ plan is the way to go, because of all the fun and exciting rewards it offers. Truth be told, we can't see too many reasons to go for the middle-tier Rewards plan. Either you're making some decent money with sports betting, in which case you'll want the lowest commission, or you're not, in which case you'll want all the rewards you can get.

How Do Rewards Work with Betfair Premium Charge?

Unfortunately, there's a separate commission for the most profitable Betfair users called Betfair Premium Charge. No matter which rewards plan you choose, you'll be hit with the Premium Charge if you meet certain conditions, which are related to how much you profit versus the amount of commission you pay.

How to Reduce Betfair Exchange Commissions

If you're already on Betfair's Basic rewards plan, there's nothing you can do to reduce your commission rate any further. If you're on either of the other two rewards plans, you can of course change to the Basic plan to pay lower commissions. As for Premium Charge, there's unfortunately no feasible way to get around it, as we explain in this article.

Forget Commissions and Improve Your Results!

Betfair Rewards Plan Login

If you're getting caught up with Betfair's commissions, it might be because you're not seeing the betting results you had hoped for. Our betting algorithm, Hinto, allows you to turn a real profit on sports betting, even after accounting for Betfair's fee! Based on years of sporting data and advanced machine learning techniques, we've perfected a strategy for finding the best sports bets out there.

Final Thoughts

Commissions on the Betfair Exchange can be as low as 2% of your net winnings, if you opt for the Basic rewards plan. There are a total of three reward plans, and the other two sacrifice a low commission rate for monthly rewards and promotions. In general, we recommend sticking with the commission-friendly Basic plan if you're a profitable better; otherwise, you can consider the Rewards+ plan for some more excitement in your punting adventures.In any case, don't get too caught up with how much commission you're paying. If you're using the right betting system, like Hinto, you can turn a monthly profit even with the heftiest commissions!

At the beginning of October 2019, Betfair introduced a brand new rewards program which gives all customers the choice of three plans, each with various benefits including a new lower commission rate of just 2%!

Since Betfair Exchange launched back in 2000, it has been considered the biggest and best betting exchange by many in terms of available markets and liquidity. One aspect of Betfair Exchange which has perhaps let other betting exchanges compete in the market is their above-average commission rate of 5%. However, with the new Betfair Rewards program, customers can get a new lower rate of just 2% along with additional benefits depending on the plan they choose.

Betfair Rewards Plan Sign Up

Customers can choose one of three plans with the basic details of each plan being listed in the table below.

As you can see, there are pros and cons for each plan. With the Basic plan, you get the low commission rate of just 2% but you are excluded from promotions. With the Rewards and Rewards+ plans, you get access to promotions and some additional benefits but pay a higher commission.

Below is an image which may help you compare plans and decide which one is right for you.

Betfair Rewards Plan Account

We expect the majority of Betfair Exchange users to opt for the Basic plan due to the huge difference in commission rates. If you’re a matched bettor or trader then it’s likely that you’ll be making a large number of lay bets on a daily basis and a difference of 3% commission is additional profit on each trade. There may be a small number of customers who do not place a large number of exchange bets and choose to participate in some of Betfair’s promotions such as their 3/1 horse racing offer on ITV races which is very popular. These users may opt for the middle ‘Rewards’ plan which isn’t too different to what the majority of customers were getting prior to Betfair releasing Betfair Rewards.

How to Choose your Betfair Rewards Plan

Betfair Rewards was introduced at the beginning of October 2019 and customers have until 31st October to select which plan they would like to be on. If you do not select a plan before this date, you will automatically be enrolled onto the Rewards plan and as this is similar to the terms prior to Betfair Rewards, you shouldn’t see much difference apart from the addition of a £5 free Acca bet each month and the other perks listed in the table above. However, if you don’t select your plan before the end of October, don’t panic as you can change which plan you are on simply by contacting Betfair support.

To select your plan, simply log into your Betfair account and head to the Betfair Rewards page by clicking on ‘My Account’ > ‘Promotions & Rewards’ and then on ‘My Betfair Rewards’.

You’ll see the three available plans along with details of what you get with each one. Simply click on the ‘Select Plan’ button next to the corresponding plan and you will be enrolled onto that plan. The exchange commission of the plan you select will take effect immediately and so if you chose the Basic plan, you can enjoy 2% commission from that point onwards.

Should you wish to change the plan you are on at any point, simply contact Betfair support who will action the change. Change of plans can be requested at any time and will take effect onthe 1st day of each month.

Betfair Rewards Summary & Additional Information

1. You have until the end of October 2019 to select a Betfair Rewards plan. If you do not select a plan before this time, you will automatically be enrolled onto the ‘Rewards’ plan which has a commission rate of 5%

2. If you wish to change your plan, contact Betfair support. Changes to plans take effect on the 1st day of each month.

3. If you currently receive a discounted rate on Betfair Exchange to Betfair Points, this will not apply whilst you are opted into a Betfair Reward plan.

4. In order to receive the additional bonuses such as the Free Acca Bet and the 10% Refund on Losses, you must meet the minimum bet requirements each month. You are required to place bets in at least 20 Exchange markets each month to receive the rewards.

5. The maximum amount you can receive each month from the 10% Refund on Losses perk is £100.

6. Refund on losses and free bets are credited on the 1st of each month should you be eligible to receive them.