Question about bets and lays placed on different platforms (SBK then Smarkets)

SBK
#1

Hi,

Imagine the following situation:

  1. I am currently on both Smarkets and SBK. Now imagine I wish to take advantage of 0% commission on bets, so I ask here to be siwtched over to SBK only.

  2. I place a bet, on Team A to Win the Rugby World Cup, whilst I am opted in to SBK only, at 30/1.

  3. Later, I see the odds have come down to 15/1, and I want to lock in a profit so I ask to switch back to be able to use Smarkets, and using Smarkets I place some lay bets against the same team in the same event to lock in a profit.

  4. Later, Team A wins, meaning the bet placed in SBK wins, and the corresponding lay bet in Smarkets loses.

In that situation, do I pay 0% on the back bet, which was originally placed in SBK, or 2%?

If it’s 2%, is that because I switched back to using bother platforms and automatically all active bets become liable for a 2% commission, regardless the fact that the bet was originally placed on SBK?

Or does the commission applicable depend on which platform I am on at the time the event is settled?

If it’s the latter, seems a little to good to be true? It means it’s possible to just opt into SBK the day before any bets are settled, in order to pay 0% commission on all your bets.

Thanks for clarification.

#2

Hi there, thanks for getting in touch. Commision is charged based on what platform you are opted into at the moment the bet settles. You are able to switch your access/commision rates at any time by reaching out to us. We may not be able to switch the account if this is requested too frequently in a short period of time.

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