Subscription

Billing Model

The Betmatic subscription operates on a mixture of fixed fees and a turnover-based billing model.

This model allows users to efficiently manage their expenses by aligning charges with their actual betting turnover. We will outline the key aspects of our turnover-based billing model and provide step-by-step instructions on how to understand and utilize it effectively.

Definitions

Turnover refers to the total amount of money wagered before any winnings are paid out or losses are incurred. It represents the total amount bet using actual funds. Note; Turnover does not include Bonus Betting Turnover.

Bonus Betting Turnover is the amount wagered using site credit or promotional bonuses provided by the Service. It encompasses all turnover generated from bonus bets but excludes Turnover.

Bonus Bet A Bonus Bet is a form of site credit provided by the Sportsbook that can be used to place wagers. If a Bonus Bet results in a win, the payout is received in cash, but the original bonus stake is not returned. Bonus Bets do not require the bettor’s actual funds.

Monthly Fixed Fee

At the start of each billing cycle, users are obligated to make a payment of a set fee of $199.99.

Upon payment, you will gain unrestricted access to all functionalities of Betmatic without any limitations, as long as your turnover remains below $10k. You are free to utilize multiple laptops and connect an unlimited number of accounts as per your requirements.

Turnover-Based Billing Model

The turnover-based billing model is designed to ensure fairness and transparency in charging for our services. Betmatic calculates charges based on the actual turnover generated by users. This means that you will be billed based on the volume of your bets on top of the fixed fee.

Turnover usage is reset at the end of every billing cycle (monthly).

How Turnover & Bonus Turnover is Calculated

To determine your monthly turnover, Betmatic considers the total amount wagered across all eligible bets placed through our platform within a billing cycle, i.e. a month. Eligible bets typically include wagers made on supported bookmakers and relevant events. Our system automatically tracks and calculates the turnover for accurate billing. Bonus turnover is calculated separately to turnover as they present different turnover charges (as outlined in billing rates below).

Billing Rates

Betmatic employs various billing rates based on the turnover generated. As your turnover increases, our rates decrease, (except for bonus turnover which is always charged at a flat rate) allowing you to benefit from cost savings as your betting activity grows. Betmatic generates invoices detailing your turnover-based charges. These statements provide a transparent breakdown of the calculations and clearly indicate the amount owed based on the billing rates applicable to your account. You can access and download these statements through your user dashboard.

Below are the price calculations for various examples:

*This table assumes that you do not have any bonus turnover (which is charged at a different rate to normal turnover).

IMPORTANT NOTE We have implemented the auto-payment feature to ensure a seamless and convenient experience for our users. This feature automatically charges the necessary funds from your account whenever the upcoming billing amount exceeds a specific limit. ($300)

The purpose behind this approach is to streamline the payment process, saving you time and effort by eliminating the need for manual payments. By automating the payment process, we aim to provide a hassle-free experience, allowing you to utilise our services without interruptions.

Subscription

Free Trial

Betmatic offers a 3-day free trial to all new sign-ups. Prior to claiming your free trial, we kindly ask that you thoroughly review our documentation for a seamless experience.

Monitoring Your Turnover

Betmatic provides an intuitive user interface to help you monitor your betting turnover. Through the user dashboard, you can easily access your turnover for the current billing cycle and upcoming invoice, allowing you to stay informed about your betting activity and associated charges.

NOTE

While Betmatic endeavors to track turnovers accurately, there can be cases where turnover is over-reported (e.g. late scratch for a racing event). We will handle these cases per request.

Subscription Pause Feature

While we do not offer weekly subscriptions, Betmatic provides a convenient option to pause your subscription. Users have the ability to pause their subscription once per billing cycle, allowing flexibility to resume at their convenience.

Update Payment Details

The billing page provides an option to Update Billing Details. You can Click on the button UPDATE PAYMENT METHOD and update the payment details.

Billing History

The billing page provides a comprehensive overview of your subscription status and transaction history, including the purchases of tip packages and connections, credit transactions and subscriptions.