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June-21-2007,
Tradesports Announces New Commission Structure...By David Stalcup

Today, Tradesports announced they are adopting a new commission structure. Bettors placing wagers before they start of an event previously enjoyed zero fees at expiry. However, bettors trading in-game often experienced inflated fees when betting in to large moneylines (higher than -150). No more. Tradesports has decided to structure their fees the same as Matchbook.com----a flat fee of 4% on any profits at expiry. Bettors have been contacting Tradesports about offering a flat fee on profits only for years, but it was unexpected that Tradesports would choose to charge double the percentage charged by Matchbook.com, a major competitor. Here is a copy of an e-mail sent out by Tradesports:

TradeSports.com will launch an entirely new fee structure on Wednesday, 27th June 2007*.

Gone are the old Trading and Expiry Fees, to be replaced with a simple 4% commission on your profits.

Here are the details:

Our current Trading and Expiry Fees will be discontinued. A new simple commission of 4% will apply to net profits on any market, where a market can be a single contract or a group of linked contracts. Trading profits before the expiry of an event may generate a commission, but it will be your overall net profit on settlement of the event that will dictate your net commission payable.

06-21-2007
David Stalcup
Editor-in-Chief, MajorWager.com
editor@majorwager.com

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