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How is my comission calculated ?

At BetBTC we charge user's commission based on their gross winnings on a market (what is a BetBTC Market?).

This means that you only be charged if you globally have profit. If you have a gross loss on a market you are not charged any commission.

 

The bet settlement is processed from all markets instantly after the event is finished. At this time all winnings are credited and commissions deducted from winning players (market)


Commission is calculated by multiplying your net winnings by the user's commission rate (by default  commission is 4%).

 

 

Examples:

Example 1: Win on a Singular Market:

If you bet on the Event < At.Madrid vs Real Madrid, Market < Match Winner 

Let's suppose you had 2 bets there: With the first you won 3BTC, and with the second you lost 2BTC. On this example you had a global profit of 1BTC (3-2) for the specific market.

If the User's Commission Rate was 4% it would result on a commission of 0.04BTC ( 0.004*1). This commission would be deducted at the same time as when profits were credited on the account.

 

Example 2): Win on Multiple Market:

If you bet on the Event < At.Madrid vs Real Madrid, Market < Match Winner and Over/Under 2.5 Goals

Let's suppose you had 1 bet on each market: With the first you won 3BTC, and with the second you lost 2BTC. On this example you had a global profit of 3BTC on the first market and -2BTC on the second market.

On this case you would be charged independently for the first market but not for the second as you had a global loss on this last.

If the User's Commission Rate was 4% it would result on a commission of 0.12BTC ( 0.004*3). This commission would be deducted at the same time as when profits were credited on the account.

 

Example 3): Loss on a Singular Market:

If you bet on the Event < At.Madrid vs Real Madrid, Market < Match Winner.

Let's suppose you had 2 bets there: With the first you won 3BTC, and with the second you lost 4BTC. On this example you had a global loss of 1BTC (3-4) for the specific market.

Although you had individual winning bets on this market, as your global market activity was negative, on this case you would not be charged anything.

 

 

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