How are source fees calculated?

    Source fees are the fees that are paid to a source owner by followers. These fees are debited from the follower's smartbet.io balance and credited to the source owner's balance.

    A source is a stream of picks. When a pick is submitted to smartbet.io the system generates orders that are then retrieved by the bots that follow the pick's source. Depending on a number of factors, an order will either be successfully automatically executed and result in a successfully placed bet or it will fail with no automatic bets placed.

    There are two types of source fees and they can be used either individually or combined:

    • Flat fee per pick: This flat fee is charged either on bet placement or on order retrieval, depending on the source owner's source settings. "On bet placement" means that this fee will only be charged if an order is successfully executed (successfully placed bet). "On order retrieval" means that this fee is charged when the corresponding order is delivered to a bot regardless of if order execution is successful or not.
    • Percentage of stake for successfully placed bets: This fee is calculated as a % of the follower's stake for a successfully executed order (successfully placed bet). This fee is charged only for successfully placed bets.


    Source fees examples:

    Free source
    Free to follow source without any source fees

    1.00% of stake
    A pick will result in 1.00% source fees if the corresponding order is successfully executed (successfully placed bet). A successful order execution for 100 EUR will result, for example, in 1.00 EUR source fees. A 100 EUR unsuccessful order execution (no bet) will result in 0.00 EUR source fees

    0.10 EUR on order retrieval
    A pick will result in 0.10 EUR source fees, regardless of bet stake or order execution success

    0.10 EUR on bet placement
    A pick will result in 0.10 EUR source fees if the corresponding order is successfully executed (successfully placed bet) regardless of stake

    0.10 EUR on order retrieval + 1.00% of stake
    A pick will result in 0.10 EUR source fees, regardless of bet stake or order execution success. Additionally,  there will be a further 1.00% in source fees if the corresponding order is successfully executed (successfully placed bet). A successful order execution for 100 EUR will result, for example, in 1.10 EUR source fees. A 100 EUR unsuccessful order execution (no bet) will result in 0.10 EUR source fees

    0.10 EUR on bet placement + 1.00% of stake
    A pick will result in 0.10 EUR source fees if the corresponding order is successfully executed regardless of bet stake. Additionally,  there will be a further 1.00% in source fees if the corresponding order is successfully executed (successfully placed bet). A successful order execution for 100 EUR will result, for example, in 1.10 EUR source fees. A 100 EUR unsuccessful order execution (no bet) will result in 0.00 EUR source fees


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