IMPORTANT NEW FEATURE: Various types of commissions (fees)

[Betmagnet]

Please share your thoughts about our new feature that lets you choose from three different ways to count sportsbooks' commissions. You can also specify default commission rate and type for each of your sportsbooks that will then be automatically filled in for you when you'll be creating or editing a bet.

[mazen]

Hi,

is it possible to add a additonal commission ? Bwin commission (for german customers) is a bit different than the commissions currently available.

Bwin takes commission from brutto win amount if a slip wins. A example:

You place a bet of 10 € @ 2.00 odds. Yor possible brutto win is 20 €
now bwin takes 5 % of these 20 € = 1 €
netto win amount therefore is (brutto win amount - 5 % commisson) - bet stake = netto win
in this case (20€ - 1€) - 10 € = 9 €

bwin takes this commisson only if a slip wins.

Regards

mazen

[Betmagnet]

Hi,

is it possible to add a additonal commission ? Bwin commission (for german customers) is a bit different than the commissions currently available.

Bwin takes commission from brutto win amount if a slip wins. A example:

You place a bet of 10 € @ 2.00 odds. Yor possible brutto win is 20 €
now bwin takes 5 % of these 20 € = 1 €
netto win amount therefore is (brutto win amount - 5 % commisson) - bet stake = netto win
in this case (20€ - 1€) - 10 € = 9 €

bwin takes this commisson only if a slip wins.

Regards

mazen

Thanks for making us aware of this fact. We see that this is important and will try to implement this as soon as possible (in days).

[mazen]

great !

Thank you !

[Betmagnet]

Done - you can now use the fourth commission type: from total payout, only if the slip wins.

Please report any bugs or problems.

[Keepa87]

Hey guys. I'm a german customer too. I tried the type "from total payout..." but the payout is wrong I think.

I added a screenshot.

The odd is original @2.50
My bet was 50.00 €
My original winning amount should be 125.00 € without tax
After 5 % tax my real winning amount is only 118.75 €

I think it should be 50.00 - (minus) Fee = 47.50 and NOT 50.00 + Fee

Kind regards

EDIT: It just seems to be a display bug, the amount on "My Sporsbooks" is correct

[Betmagnet]

Hey guys. I'm a german customer too. I tried the type "from total payout..." but the payout is wrong I think.

I added a screenshot.

The odd is original @2.50
My bet was 50.00 €
My original winning amount should be 125.00 € without tax
After 5 % tax my real winning amount is only 118.75 €

I think it should be 50.00 - (minus) Fee = 47.50 and NOT 50.00 + Fee

Kind regards

EDIT: It just seems to be a display bug, the amount on "My Sporsbooks" is correct

Hello, can you please provide your Betmagnet ticket ID so that we can check that ticket? Thank you.

[Keepa87]

Hey guys. I'm a german customer too. I tried the type "from total payout..." but the payout is wrong I think.

I added a screenshot.

The odd is original @2.50
My bet was 50.00 €
My original winning amount should be 125.00 € without tax
After 5 % tax my real winning amount is only 118.75 €

I think it should be 50.00 - (minus) Fee = 47.50 and NOT 50.00 + Fee

Kind regards

EDIT: It just seems to be a display bug, the amount on "My Sporsbooks" is correct

Hello, can you please provide your Betmagnet ticket ID so that we can check that ticket? Thank you.

For example 1132528

[Keepa87]

The last thing is, could you maybe add a commission type like "from total payout regardless of the result"? In Germany if wie bet 100 EUR and the bet is void we will only get back 95 EUR on some bookmarkers, like bet365. Other Bookies like comeon.com pay the full amount back

[Betmagnet]

Hey guys. I'm a german customer too. I tried the type "from total payout..." but the payout is wrong I think.

I added a screenshot.

The odd is original @2.50
My bet was 50.00 €
My original winning amount should be 125.00 € without tax
After 5 % tax my real winning amount is only 118.75 €

I think it should be 50.00 - (minus) Fee = 47.50 and NOT 50.00 + Fee

Kind regards

EDIT: It just seems to be a display bug, the amount on "My Sporsbooks" is correct

Hello, can you please provide your Betmagnet ticket ID so that we can check that ticket? Thank you.

For example 1132528

Dear user, sorry for the late reply. We checked your slip ID 1132528 and the calculations shown on that slip's page are actually correct. What may be not completely intuitive is the way the fee is displayed but for reasons of the whole Betmagnet's system setup we need to show it like this.

Detailed explanation for your slip ID 1132528:
- You placed a bet of 150.00 EUR, single pick with the odds of 1.85, fee 5 % from total payout, only if the slip wins.
- Your bet won.
- Total payout of your bet pre-commission would be 277.50 EUR. Therefore the commission is 13.875 EUR.
- This commission is displayed next to your stake of 150.00 EUR as 150.00 + Fee = 163.875 EUR.
- Your net winnings from this bet are 277.50 - fee 13.875 EUR - stake 150.00 = 113.625 EUR which is correctly shown in field Net profit.
- As mentioned above, we are sorry but it needs to be shown like this on Betmagnet. As you noticed, your betting statistics as well as sportsbook balances are correct.

Thank you for understanding.