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.
If you would like to make or read comments about this article, you may do so by visiting the Mess Hall forum at MajorWager.com where a thread has been started. Please click HERE