Fairlay has a new commission system - from now on, the more you bet with us, more reductions you'll get. These reductions are shown in details with the formulas listed in the table below.
Let's say, for example, that you win a bet of 10mBTC at 2.3 odds. You'll get a gross profit of 13mBTC. As our base commission is 0.25%, you'll pay a commission of 0.0325 mBTC and get a net profit of 12.96mBTC.
Now let's suppose that you've already made other bets and your weighted average paid commission is more than 1 mBTC. At this level, you'll have a 60% reduction in our base commission, paying only 0.10%. And if you're a member of our VIP Program, you'll have even further deductions, reaching up to 92.50% reduction, with a 0.0187% commission.
Here are some key points you should take into consideration:
|Weighted average paid commission (*)||Fee Reduction||
||Total Reduction||Your Market
(*) per month taking into consideration the current and last 3 calendar months. More recent months have a slightly higher weight factor.
Example 1: if you paid 0.1mBTC in commission each day for the last 4 months, this value should be around 3mBTC.
Example 2: If you paid 0.1mBTC in commission each day for the last 30 days and nothing before, this value should be around 1.5mBTC
|New API account||0.1 mBTC|
|100.000 requests||0.1 mBTC|