Betfair - Third Party commissions

[Euler]

I ran something on the blog out of interest, though it yielded next to nothing, but it did tell us if people click on these sort of things which was useful. We run banners on Betfair around the site but they never seem to yield much either.

I let somebody else control this content as it's not core to our business and not really worth any effort on our behalf.

[andyfuller]

What deal do you get with Betdaq Peter? Is it a fee if they open an account or a % of what they pay BD or something else?

[Euler]

I think you can choose on a lot of these whether you want a bounty payment or a %. I'm not sure what the Betdaq link was as I didn't supply the link or look after that side of things. I can tell you we didn't get a make anything out of the link so far though!

[pdupre1961]

My question is: "Does anyone make money on me losing OR winning on Betfair?"

As I have losses and winnings (less commissions) most days...

[BackHighLayLow]

If you are refferred by a 3rd party affiliate link when you first open your account, yes.

They have both changed their reward programmes recently, but this is what referring parties are suposed to get...

With Betfair it is too complex to explain here, but the link is here...

http://affiliates.betfair.com/page.aspx?p=3&l=1

With Betdaq it is currently a lifetime revenue share of between 25% & 35% of comission paid by you.

https://twitter.com/#!/BETDAQAffiliate
http://affiliate.betdaqaffiliates.com/

[JollyGreen]

My question is: "Does anyone make money on me losing OR winning on Betfair?"

As I have losses and winnings (less commissions) most days...

I would say this is almost certainly no. They would lose control of revenue because they would have no idea what you are going to do in terms of profits. I still think they will pay a referral fee and that is it.

[andyfuller]

With Betdaq it is currently a lifetime revenue share of between 25% & 35% of comission paid by you.

I can tell you we didn't get a make anything out of the link so far though!

That could prove very profitable if you got lucky. You probably won't make anything for now but in the long term if you hit upon a few good customers and you could make a mint.

I wouldn't mind getting 25% to 35% of what I fork out to BF each year and there will be others who pay a heck of a lot more! Imagine hitting on the next Peter Webb and getting a 25% to 35% share of what they pay - you could stop trading yourself and just live off that

[andyfuller]

The guy I mentioned earlier in the thread said he ended up with a few high rollers (this was with bookmakers not exchanges) and was getting a % cut - can't remember exactly how much he told me he made in one year from just a handful of clients but let's just say my eye watered when I heard!

[Euler]

[quote="andyfuller]I wouldn't mind getting 25% to 35% of what I fork out to BF each year and there will be others who pay a heck of a lot more! Imagine hitting on the next Peter Webb and getting a 25% to 35% share of what they pay - you could stop trading yourself and just live off that [/quote]

Totally unrealistic according to what I have seen. I'm not aware of any affilaites that have benefitted to that scale. I don't believe that you could get comissioned that much as a % any how as there would likely be a clawback in that figure or other restrictions limiting your payout. If somebody is out there with that sort of deal then I think I need to get on the phone!

[BackHighLayLow]

Betdaq define NET revenue as...

"Net Exchange Commission" means total commission generated by BETDAQ from exchange betting via the http://www.BETDAQ.com and http://www.BETDAQ.co.uk internet sites less adjustments made for any deposit charges, credit card charge-backs or any other reversal of a payment, fraudulent or otherwise voided or modified transactions, bad debts, the cost of any promotional offers (including but not limited to any sign up bonuses and free bets), payments to any sporting bodies (including but not limited to any football governing bodies, British Horse Racing Board and the Irish Horse Racing Board or any similar body in any jurisdiction) and liability to any betting duty or licensing fees for data or other duty, tax or expense that may arise;

So in other words, 25% - 35% after numerous costs have been taken out.

Probably why Peter gets eff all.