Betfair
Betfair has announced news that has, once again, confirmed in our minds that online casinos are definitely the best way to gamble on the internet. This news is that Betfair exchange (not casino) customers will have to pay a higher premium commission rate.
Betfair betting exchange punters, more specifically the top 500, will be forced to pay commission of 40% - 60% instead of the 20% that they would have previously paid on wins. The top 500 will be worked out via highest lifetime profit and could have already won as much as £250,000.
This move doesn't affect casino players, meaning it will create what Betfair is calling 'a level playing field' for all players in the company's eco-system. The Hammersmith based company claimed that with the previous commission rates they could only break even and these new rates will allow for a 'fairer field'.
A premium commission was first introduced in September 2008 to the top 500 Betfair punters, whereas before these was no commission whatsoever. One Betfair product that continues to charge no commission and even has no house edge is the Zero Lounge in the Betfair casino.
The Betfair Zero Lounge offers players the chance to play blackjack, roulette, baccarat and video poker with absolutely no house. This provides the best odds you'll ever find and means you have better chance of winning long term.
So, why would you pay commission when you can play without house edge?
