Retained Commision

[Onlyforfun]

On my Betfair "Account Funds" statement it shows that I have £1.06 retained commission.

Can't find this anywhere on their help files or terms and conditions - any ideas?

[zomby]

Retained commission: Commission withheld in lieu of bets that have been settled ahead of the underlying market being settled.

[Onlyforfun]

As in the comms on any "hedged" positions?


Thanks for the super fast response!

[zomby]

Damned if I know what it means OFF, I'm just a cut & paster :) . No doubt one of the gurus will clear it up.

[sparkyminer]

Damned if I know what it means OFF, I'm just a cut & paster :) .
:laugh :laugh :laugh Lol. Know what you mean Zomby. :)

[Onlyforfun]

Say I back and lay the same selection to gurantee a profit, that is a hedged position. As my account funds show that profit (as it is locked in unless I make another back or lay) my guess is that the retained commission is given separately to keep the P&L in line. :)


I spent an hour looking for it on their site and couldn't find it!

[Onlyforfun]

In the case of the £1.06, I had 2 liabilities in 1 market: one for £400 and one for £375 (approx.)

Now, both can't lose so the retained commision is the commission on the extra £25.

Confusing myself now. :doh