Commission is the fee Smarkets charges to facilitate peer-to-peer betting on our exchange.
We charge a flat commission rate of 2% on your net winnings for any given market. If you make a net loss on a market, you do not pay commission.
The 2% charged is an industry low. Smarkets do not build a margin into their odds, unlike other bookmakers. Therefore, even when factoring commission into the odds, Smarkets will often be best priced across the market.