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.
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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.
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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
OR
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
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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
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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
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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
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