This is another of the big advantages of exchange wagering compared to other forms of betting. Betfair is currently charging a flat 12%. This compares very favorably with the 17% and up charged on other bets in the United States, and could make the difference in whether a skilled bettor is profitable or not in the long run.
Unlike UK exchange wagering, there are no additional fees or taxes on players who win over time.
It's also worth noting that the 12% is charged only the net position of winning bets. So if you lose a bet, you pay nothing. And if you win a $200 bet FOR a horse and lose a $100 bet AGAINST the same horse, you'll only charged the 12% fee as if you had only made a $100 bet.
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