How to calculate commission in football betting easily and accurately
Calculating commission in football betting is a topic of great interest for many betting enthusiasts, as it directly relates to the player's earnings. Understanding the importance of this, today's win tips bet article will reveal the easiest and most accurate way to calculate commission. So, let's go through the content to grasp it thoroughly!
What is commission in football betting?
Commission, also known as "Com" (short for Commission in English), is understood as a fee or commission. In simple terms, commission is the fee that players can receive after each bet. Although the term commission is used widely in various sports betting, it is most commonly associated with football betting.
It's essential to remember that the amount of commission, whether low or high, depends on the total amount of bets placed by players. Additionally, commission can be calculated on a daily, weekly, or monthly basis, and the time to receive the commission depends on the rules of each chosen bookmaker.
The easiest and most accurate way to calculate commission in football betting
Commission can be calculated in various ways, depending on factors such as the bet amount and the conversion rate chosen by the bettors for each football match. Below are three basic conversion rates from USD to VND for betting enthusiasts to understand when calculating commission in football betting:
1 US dollar equals 20,000 VND: Choosing this conversion rate will result in a commission of 0.5%. Half of this commission (0.25%) will be added to the stake, and the remaining portion will be added to the betting account.
1 US dollar equals 50,000 VND: Opting for this conversion rate will yield a commission of 1.25%. One percent of the commission will be added to the betting account, and the rest will be added to the stake.
1 US dollar equals 100,000 VND: Selecting this conversion rate will result in a commission of 1.5%. 0.25% Of the commission will be added to the stake, and the remaining portion will be accumulated in the betting account.
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In addition to these basic conversion rate rules, many bookmakers offer various betting amounts for enthusiasts to choose from according to their preferences. At each conversion rate, the amount of commission received by players will also differ. Therefore, the larger the chosen conversion rate, the larger the commission players will receive.
It's important to note that commission is calculated only after the match has concluded and the final score is determined to determine the winning and losing teams. In the case of a draw, players will not receive any commission.
Example: Match between Liverpool and Arsenal
Suppose a player selects Liverpool to lose and places a $200 bet on this match with a chosen commission rate of 10 and a conversion rate of 50,000 VND. If the player wins, the commission received will be calculated as follows: 200 * 1 * 50,000 = $200 * 50,000 = 10,000,000 VND.
In the event of a losing bet, the total amount lost will be calculated as follows: 200 * 0.62 * 50,000 = $124 * 50,000 = 6,200,000 VND.
Some methods to earn commission in football betting
By now, betting enthusiasts should be familiar with how to calculate commission in football betting. However, the most straightforward methods to earn commission in football betting today are worth considering. Currently, there are three common methods for enthusiasts to use:
Method 1: Use commission software on various networks.
Method 2: Earn commission in games with significant odds differences at bookmakers.
Method 3: Earn commission by searching for various cashback promotion programs at different trader bookmaker.
By using these popular commission-earning methods, betting enthusiasts can easily search for commission without having to invest any initial capital.
In conclusion, today's article has provided a detailed guide for betting enthusiasts on how to calculate commission in football betting easily and accurately. Hopefully, this article has brought valuable and interesting information to players. Best of luck in earning the highest commission when participating in football betting!