Moderator: 2020vision
by Dai_Young » Sat Aug 15, 2020 8:22 am
by Captain Sensible » Sat Aug 15, 2020 12:04 pm
by tradeaj71 » Sat Aug 15, 2020 11:26 pm
by Castillo » Thu Aug 20, 2020 10:14 am
Dai_Young wrote:With regards to the new transaction charges being implemented by betfair from September 1st
by tradeaj71 » Thu Aug 20, 2020 11:36 pm
by Captain Sensible » Fri Aug 21, 2020 12:12 am
Transaction Charge Changes
Over the years, the Exchange has processed an increasing number of transactions at an ever-increasing
cost to infrastructure and stability.
Therefore, from 1st September 2020, Betfair will be changing the thresholds of the Transaction Charge. The
changes are as follows:
• The new limit of “free” transactions will be set at 5,000 transactions per hour.
o A “transaction” shall include all bets placed and all failed transactions.
• Every transaction that exceeds the limit will incur a cost of £0.002 (a fifth of a penny).
o This cost will be offset by a user’s commission generated.
• There will be no exemptions from this charge.
We have modelled the new charge to disincentivise wasteful transactional behaviour and promote
platform stability on a level playing field. It is possible to trade multiple events and markets without ever
incurring any of these charges.
Your account manager will be in touch if you would have incurred these charges in the past, giving you an
opportunity to update trading strategies and fix bugs before the charge goes live on 1st September.
by N Counter » Fri Aug 21, 2020 9:17 am
by GaryRussell » Fri Aug 21, 2020 9:48 am
by Castillo » Fri Aug 21, 2020 4:32 pm
by Captain Sensible » Fri Aug 21, 2020 4:47 pm
by N Counter » Fri Aug 21, 2020 4:55 pm
by Captain Sensible » Fri Aug 21, 2020 5:39 pm
The strength of Gruss Software is that it’s been designed by one of you, a frustrated sports punter, and then developed by listening to dozens of like-minded enthusiasts.
Gruss is owned and run by brothers Gary and Mark Russell. Gary discovered Betfair in 2004 and soon realised that using bespoke software to place bets was much more efficient than merely placing them through the website.
Gary built his own software and then enhanced its features after trialling it through other Betfair users and reacting to their improvement ideas, something that still happens today.
He started making a small monthly charge so he could work on it full-time and then recruited Mark to help develop the products and Gruss Software was born.
We think it’s the best of its kind and so do a lot of our customers. But you can never stand still in this game and we’ll continue to improve the software if any more great ideas emerge.