How To Use Betfair Points

Are you confused about how to use Betfair points? Maybe you’ve never heard of them, or are unsure about what they are. We explain it all in the latest of our in-depth Betfair tutorials.

As a Betfair participant, you have two primary avenues for placing bets: the sportsbook, known for its straightforward approach akin to other bookmakers, and the exchange, favored for its complex features like lay betting. Lay betting allows you to wager against an event happening. For instance, a successful back bet might predict Liverpool winning against Arsenal, whereas a lay bet profits if Liverpool does not win, whether Arsenal triumphs or the match ties. Such bets are exclusive to exchanges like Betfair, the world's largest, offering typically better odds sans bookmaker overround as they charge commissions instead.

Accumulating Betfair Points only occurs through the Exchange, leaving wagers on the Sportsbook, Arcade, Casino, and other platforms without points.

What Are Betfair Points?

To gather Betfair Points, engage with the Betfair Exchange. Points accumulate regardless of bet outcomes, fostering more points as your betting frequency increases.

The Betfair Exchange imposes a 5% commission rate on successful bets, yet you can leverage your Betfair points to lessen this, enhancing your net winnings.

Maximizing the commission reduction to a substantial 60% can markedly boost your profitability from frequent exchange use.

You earn 1 Betfair Point for every £0.10 of paid commission, applicable both on net winnings and hypothetical commission from losses.

Methods for determining your commission payments

Your commission on winning bets decreases with more Betfair Points. Note that losses incur no commission.

The accompanying illustration clarifies Betfair's commission integration with Betfair Points.

Analyzing the provided scenario, a net win of £400 would ordinarily draw a £12 commission, with base 5% fees raising this to £20 absent point-based discounts.

While losing bets incur no commission, they still grant points. Calculate assumed commissions on losses for accurate point allocation.

The diagram elucidates inferred commission calculations for Exchange losses.

How Do I Use My Betfair Points?

Utilizing your Betfair points requires no manual intervention as discounts automatically adjust your commission rate. Refer to Betfair’s help centre for specific rate details and necessary points.

How to Freeze your Betfair Points

Non-exchange betting results in no point accrual. A weekly 15% discount decrease mandates regular exchange activity for continued benefits, though point freezing is an option.

Freezing points is temporary, lasting a week with restrictions on consecutive weeks. New accounts receive a complimentary '1-week freeze' post-registration, with quarterly renewals. A total of four freezes per account is permitted.

Be mindful that freezing halts point earnings from Exchange bets, though betting continues unaffected. Cancellations are possible up to 3 hours before Sunday’s weekly rate cut at 9 pm GMT.

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