Betfair cash race

News, chat and debate about the Betfair betting exchange.
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Cards37
Posts: 234
Joined: Sun Oct 01, 2017 7:40 am
Location: Canberra, Australia

spreadbetting wrote:
Tue Jun 05, 2018 4:13 pm
A new cash race up at the moment. This one spans the WC so should be easy enough for most people to churn their way to the top.

https://cashrace.betfair.com/en
So annoying this is (yet another) thing I can't do from Australia
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whimsies
Posts: 179
Joined: Sun Oct 02, 2016 7:37 am
Location: Uk

Yes I agree

+1
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Last day to log in and claim your prize
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PDC
Posts: 2272
Joined: Sun Jul 24, 2016 5:52 pm

I never noticed a new Cash Race was on until I logged in just now and had a pop up asking if I wanted to opt in, been going for 3 weeks already:

"What do I need to do to earn my cash prize?
You must first opt into the promotion by logging in to the Cash Race site.

Once you’ve opted in, all the Betfair Points you earn through placing Exchange and Tote bets between 00:00:01 BST 21/11/2018 - 23:59:59 BST 19/12/2018 (even those you might have placed before opting in) will qualify for this promotion and contribute to your progress towards a cash prize."
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Derek27
Posts: 23471
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Your points should be backdated.
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PDC
Posts: 2272
Joined: Sun Jul 24, 2016 5:52 pm

There is a new cash race on btw.
JTEDL
Posts: 536
Joined: Wed Aug 23, 2017 2:21 pm

I'm sure most are aware but just in case - If you opted in for the 2% commission option then you don't get the cash race points.
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Derek27
Posts: 23471
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Last time I only reached 90% of my first target but they gave me the prize anyway for getting close!
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

4 targets to aim for this time and the top one is worth getting, might actively chase this one
rik
Posts: 1583
Joined: Sat Jan 25, 2014 5:16 am
Location: London

JTEDL wrote:
Fri Feb 15, 2019 12:13 pm
I'm sure most are aware but just in case - If you opted in for the 2% commission option then you don't get the cash race points.

There is a 2% comission option on Betfair?
I am wondering are everyone elses cash race points calculated correctly? I seem to only get fraction of the of the Betfair comission points for the cash race, I make about 1000 points a day but after 4 weeks my cash race balance is just 2900 points??? Anyone the same problem?
spreadbetting
Posts: 3140
Joined: Sun Jan 31, 2010 8:06 pm

Seems to be working fine for me, on 98% of the final prize so should have just made it with today's points.

They calculate it by 1 point every 10p paid in commission, pretty sure they round down and don't aggregate either.
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Derek27
Posts: 23471
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

If they calculate 9.5 pence commission for a market they round up to 10p and you get one point. But you could pay 9p commission on each of ten markets, paying 90p commission in total but get no points.

Discriminates against £2 traders who are new to Betfair and learning the ropes, in my opinion.
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Naffman
Posts: 5626
Joined: Sun Aug 11, 2013 5:46 am

Those people using £2 would only probably get a target of £5 tbf so not exactly missing out on much
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Kafkaesque
Posts: 886
Joined: Fri Oct 06, 2017 10:20 am

Naffman wrote:
Sun Mar 10, 2019 8:31 am
Those people using £2 would only probably get a target of £5 tbf so not exactly missing out on much
Correct, that it's not so much of an issue with the cash race. It is though in issue with the commission discount rate.

You'd think BF would want those learning the ropes to stick around and having an arbitrary lower limit, below which you get nothing, keeps those learning the ropes from gaining advantages of a discount (and getting the feeling of being appreciated that goes along with it).
rik
Posts: 1583
Joined: Sat Jan 25, 2014 5:16 am
Location: London

nothing to do with rounding down, just on the cash race they give mr less than 1/10 of the betfair points i made since start if the cash race, no idea why
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