What is the Smartbet.io fee structure?

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    • 38 posts
    March 30, 2023 9:50 PM BST

    Using Smartbet.io may involve two distinct types of fees: those paid to Smartbet.io and those paid to the owners of the sources you are following within the Smartbet.io platform.

     

    • Smartbet.io automation and distribution fees: These fees are charged by Smartbet.io for distributing and automatically executing orders. The fees vary among supported bookmakers, and you can find the pricing details for each bookmaker on the Smartbet.io Fees and Automation page.

    • Source automation and distribution fees: These are the fees paid by followers to the owner of each source they follow. Source owners set the fee structure for their sources and retain all revenue from their followers. Fees are deducted in real-time from the follower's Smartbet.io balance and credited to the source owner's balance. Source fee increases take effect three days after the source owner initiates them, and followers are notified via multiple emails during this period about the upcoming changes.

     

    Both Smartbet.io and Source fees comprise two components: automation fees and distribution fees.

     

    • Automation fees, charged per Bet, consist of a percentage of the risked stake. These fees are applied when an order is automatically executed, resulting in a successfully placed bet. A minimum amount may also be specified.

    • Distribution fees, charged per Order, are applied at the moment of order retrieval as a flat amount, irrespective of whether the order eventually leads to a placed bet. Consider distribution fees as a payment to the source owner for access to a pick and to Smartbet.io for delivering it to your bot.

     

    Examples:

     

    1.00% of stake / minimum 0.10 EUR per Bet + 0.02 EUR per Order

    The 0.02 EUR flat fee is charged upon order retrieval (per Order). A 100 EUR placed bet will result in an additional 1.00 EUR fee (1.00% of the 100 EUR stake). A 5 EUR bet will result in an additional 0.10 EUR fee (the minimum per Bet fee, as 1.00% of the 5 EUR stake is less than 0.10 EUR).

     

    1.00% of stake / minimum 0.00 EUR per Bet + 0.01 EUR per Order

    The 0.01 EUR flat fee is charged upon order retrieval (per Order). A 100 EUR placed bet will result in an additional 1.00 EUR fee (1.00% of the 100 EUR stake). A 5 EUR bet will result in an additional 0.05 EUR fee (1.00% of the 5 EUR stake).

     

    0.00% of stake / minimum 0.05 EUR per Bet + 0.01 EUR per Order

    The 0.01 EUR flat fee is charged upon order retrieval (per Order). All successfully placed bets will result in an additional 0.05 EUR fee, regardless of stake.

     

    0.00% of stake / minimum 0.00 EUR per Bet + 0.00 EUR per Order

    No fees.

     

    All transactions are processed through each user's Smartbet.io balance. Transaction details are recorded and can be accessed on the My Transactions page.


    This post was edited by tango at December 5, 2023 2:52 PM GMT