New tax base rate

Posted by admineasy on Nov 13, 2014 in Blog, Easysportbet, Informations, Platform | 0 comments

Easysportbet is pleased to announce its new commission rates.These will be reduced both in trading and gambling mode from December 1, 2014 (except in cases of force majeure).

Our current base rate of 7% will be reduced to 6.5% to align ourselves with the basic rate of betfair which is 6.5% for most countries since February 2014.

From now commissions will be applied to all the winning and losing bets and our base rate will be 3.6% on winning bets and 3.1% on losing bets in gambling mode, as you can see in the demo below it corresponds exactly to a rate of 6.5% levied on each winning bet.

Demonstration:

If you bet €100 at @2 with a commission of 6.5%, you win €93.5 net or lose €100. Real net odds : (93.5/100) + 1 = 1.935

If you bet €100 at @2 with our commission, you win €96.4 (net) or lose €103.10 (net). Real net odds : (96.4/103.10) + 1 = 1.935

VIP Levels :

We are also pleased to announce that two new VIP level will be implemented to reward all users obtaining relatively high Profits/Loss per bet or per market traded. That is to say, if you get a gross profit or loss equal to or greater than €1500€, you automatically get rates of 2.8% / 1.2% whatever your actual points.

Here are new tables with the new tax base rate applied from December 1, 2014:

Do not hesitate to comment this article.

Easysportbet Team.