Commission

In this section, we cover how to set your Commission Percentage in the trading software.

🧮 Commission Percentage:

• You can enter your personal commission rate here. While Betfair typically uses a standard 2% commission rate, your rate might differ due to various factors such as your trading volume or any specific arrangements you have with the platform.

💼 How It Works:

• The software will automatically deduct your specified commission percentage from the profit on your winning trades.
• It’s important to note that commission is calculated on a market basis. This means that if you have multiple bets within the same market—some of which win and some lose—your overall market position will determine whether you pay any commission.

Key Concept:

• Setting the correct commission rate ensures that your profit calculations are accurate, reflecting the real-world costs of your trades. Adjusting this to match your actual trading conditions is crucial for realistic backtesting and strategy evaluation.