Re: Bet Bug
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No. The Tradesports commission on a $50 to win $50 winning or losing bet is 80 cents (1.6%). For the sake of argument, if you double the commission for the times that you win and lose (as Bet Bug assigns their 2.5% dual commissions only to the winner in the form of a 5% fee), then Tradesports fees are still just 3.2%. In addition, there are zero fees for market making, which I do often, just 0.8% expiry fees in that case.
Edit: Bet Bug only becomes cheaper when the wager is $625 or more ($20 divided by 3.2%)
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You are right. I apologize. For some reason I thought they charged 4 cents per trade...not "share". It will be the last time I am wrong on here. [img]/images/graemlins/smile.gif[/img]
craig
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