Agent Tutorials

Commission Breakdown

Commission Breakdown

Sports Commission

  •  Paid Every Monday
  •  Based on Number of events Selected per ticket
  •  Based on Stake
  •  Based on Settled Bets (Bets that all the events that have played)
  •      It is not a fixed payment

 

NUMBER OF SELECTIONS

COMMISSION

1

1%

2

2%

3

4%

4

7%

5

8%

6

9%

7 & 8

10%

9 & 10

12%

11 to 13

14%

14 & 15

16%

16 to 20

18%

21

25%

22

25%

23

25%

24

25%

25

25%

26

26%

27

27%

28

28%

29

29%

30+

30%


Example:

If there are 5 events on one ticket

Stake = #100

% for 5 events = 8%

Commission on the ticket = 8% of N100 = #8

Thus, Commission on that ticket = #8

 

 OR

If there is only 1 event selected on a ticket

Stake = #10,000

% for 1 event is 1%

Commission on the ticket = 1% of N10000 = #100

Thus, Commission on that ticket = #100

 


Sports Monthly Bonus Commission

Monthly Sports Bonus is paid the last Monday of Every Month.

 

This is strictly paid on Sports bet only

Minimum Sales:  Achieve 150k to Apply for bonus

Bonus Formula:

(Total Monthly Sport Sales – Total Monthly Sport Payouts/Winnings X 25%) – Total Monthly  Sport Commissions Paid = Bonus Commission

 

NB: The cycle is from the last Monday of the previous month to the last Sunday of the current month

 

Example:  

Total Monthly sales = #800,000, Total Monthly winnings = #500,000,

Total Monthly commission = #80,000

 

=  (800,000-500,000 X 25%) – 80,000

 =   75,000 – 80,000 = -5000

 

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 #5000

Note: Bonus commission is mostly paid when the winnings are not very high for the month.



Virtual Commission

  •      Paid Every Monday
  •  
  •  Based on Number of events Selected per ticket
  •  Based on Stake
  •  Based on Settled Bets (Bets that all the events that have played)
  •      It is not a fixed payment

 


League and BetKing Virtual Commission

  •  Based on Market type
  •  
  •      Based on Number of events Selected per ticket
  •  Based on Stake
  •  Based on Settled Bets (Bets that all the events that have played)
  •      It is not a fixed payment

 

 

Breakdown:


1 selection – 2%
2-3 selections - 4%
4-6 selections - 6%
Correct score - 6%
7 or more selections - 8%



Weekly Virtual Bonus Commission

 

  • Based on Total Virtual Sales made on all the virtual product

 

 

Sales Threshold:


Sales of 250k – 1 000 Bonus
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 and over – 30 000 Bonus