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Betfair drops Market Base Rate

West Australian Racing
PerthTurfTalkPerthTurfTalk    3,054 posts

Effective as of May 1st, Betfair are dropping the Market Base Rate (MBR) across all 3 Western Australia (WA) racing codes from 8% to 6%.

That means for any winnings generated on WA based racing (thoroughbreds, harness, and greyhounds), customers will now only pay 6% in commission compared to the previous 8%.

That represents a 25% saving to punters and one thatwill encourage further participation, deeper liquidity, and better prices on WA racing markets.

Betfair praised the efforts and progressive thinking from Racing and Wagering Western Australia (RWWA), which has understood the need for improved wagering conditions for punters and to continue to allow their products to grow into the future.

Betfair see this change as not only a win for punters but also for RWWA who will undoubtedly see a dramatic improvement in their turnover growth and participation.

Increased participation breeds liquidity which ultimately allows for a better customer experience. It encourages all punters who are enthusiastic about having a wagering industry that provides better value, to support RWWA and get behind their product on the Betfair Exchange.
+1 -1

Gilgamesh likes this post.

Comments

  • RodentRodent    6,011 posts
    Awesome news. If they got rid of the premium charge I'd be ecstatic
  • GilgameshGilgamesh    3,775 posts
    A trial of minimum bet laws from opening markets on Vic racing.

    Be fantastic to have something like this across all states on all codes.

    Chris likes this post.

  • GilgameshGilgamesh    3,775 posts
    Gilgamesh said:

    A trial of minimum bet laws from opening markets on Vic racing.

    Be fantastic to have something like this across all states on all codes.




    Racing in QLD following suit and implementing minimum bet laws from as soon as a market is put up but they have taken it one step further and it will be across all 3 codes.

    Meanwhile unless I am wrong we still have no minimum bet law at all in WA?
  • AbbysAceAbbysAce    378 posts
    Gilgamesh said:

    Gilgamesh said:

    A trial of minimum bet laws from opening markets on Vic racing.

    Be fantastic to have something like this across all states on all codes.




    Racing in QLD following suit and implementing minimum bet laws from as soon as a market is put up but they have taken it one step further and it will be across all 3 codes.

    Meanwhile unless I am wrong we still have no minimum bet law at all in WA?
    WA still 2 hours and 20 years behind..............
  • RodentRodent    6,011 posts
    RWWA has a conflict of interest. They might be worried the smarties will fleece Tabtouch.

    Gilgamesh likes this post.

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