Betting Agent Commission - How is Betking Agent Commission Calculated

How is Betking Agent Commission Calculated – Betking is one of the fastest-growing betting company in the world today. Since its official launch in February 2018, it has quickly become a well-known name in Nigeria’s sports betting industry.Information Guide Nigeria

In general, the industry is shifting away from commission on profit to commission on sales. It is important for agents and investors to understand that the business’s success depends on high-volume sales.

Hence, in this guide, I’ll be teaching you about how BetKing Agent Commission is being calculated.

BetKing Weekly Agent Commission

Betking Sport offers weekly agent commissions ranging from 1% to 30%, the highest in the industry, for every bet slip you register. You receive a commission regardless of the outcome of the bet.

Commission Breakdown For Betking Agent

Breakdown:

1 selection – 2%Betting Agent Commission – How is Betking Agent Commission Calculated
2-3 selections – 4%
4-6 selections – 6%
Correct score – 6%
7 or more selections – 8%

Example:

Let’s say that there are 5 events on one ticket

Stake = #200

% for 5 events = 8%

Commission on the ticket = 8% of N200 = #16

Thus, Commission on that ticket = #16

In the event where there is only 1 event selected on a ticket

Stake = #20,00020 Best Men Watches in Nigeria and their prices

% for 1 event is 1%

Commission on the ticket = 1% of N20000 = #200

Thus, Commission on that ticket = #200

Sports Commission

Paid out every Monday
Determined by the number of events selected per ticket
Based on the staked amount20 Best Men Polos in Nigeria and their Prices
Calculated based on settled bets
Payment is not fixed

Sports Monthly Bonus Commission

The monthly sports bonus is paid out on the last Monday of every month and is only applicable to sports bets. To be eligible, you must achieve a minimum of 150k in sales.

The bonus can be calculated using the following formula:

(Total monthly sports sales – total monthly sport payouts/winnings x 25%) – total monthly sports commissions paid = bonus commission

Note that the cycle for this bonus runs from the last Monday of the previous month to the last Sunday of the current month.NYSC Portal

Example:

Total Monthly sales = #700,000, Total Monthly winnings = #500,000,

Total Monthly commission = #80,000

= (700,000-500,000 X 25%) – 80,000

= 75,000 – 80,000 = -N17,500

Thus, the agent is not entitled to any bonus commission since it is NEGATIVE BUT if it is POSITIVE, the agent is entitled to a bonus commission of #17,500

Note: Bonus commissions are usually paid when the winnings are not very high for the month.

Virtual Commission

Paid out every Monday105 Good Morning My Love Messages
Determined by the number of events selected per ticket
Based on the staked amount
Calculated based on settled bets (bets where all events have been played)
Payment is not fixed

League and BetKing Virtual Commission

Determined by market type
Based on the number of events selected per ticket
Based on staked amount
Calculated based on settled bets (bets where all events have been played)
Payment is not fixed200 Romantic Love Message for her

Weekly Virtual Bonus Commission

Calculated based on total virtual sales made on all virtual products.

Sales Threshold:

Sales of 250k – 1 000 BonusJAMB Result
Sales of 300k – 1 500 Bonus
Sales of 500k – 5 000 Bonus
Sales of 1million – 10 000 Bonus
Sales of 1.5million – 15 000 Bonus
Sales of 2million – 20 000 Bonus
Sales of 3 million+ – 30 000 BonusJamb Portal

Check JAMB Result

Check and Confirm: How much is Dollar to Naira