Bet25 Launches Sportsbook With Flat 5% Stake Fee

Crypto gambling operator Bet25 has launched a sportsbook that it says removes the bookmaker’s margin from displayed odds and instead charges a fixed 5% fee on the stake.

The fee applies once per bet, whether the customer selects a single event or combines several selections. The product was developed by Bet25 and built on the Vegangster platform. 

Fee Charged Separately From Odds

Conventional bookmakers generally incorporate their margin into prices. Across all possible outcomes in a market, the odds imply probabilities totalling more than 100%, a difference known as the overround.

Bet25 says its eligible Zero Margin markets target a combined implied probability of 100%, with the separate fee shown when the bet is placed. The charge is based on the stake rather than net winnings.

“Zero margin” therefore describes the displayed odds, rather than an absence of betting costs. Customers still pay the 5% fee, and the overall value depends on both the available prices and the applicable charges. 

Separate Fees Do Not Establish an Exchange Model

The pricing approach resembles commission-based betting in separating the operator’s charge from the odds. However, that feature alone does not make the product a betting exchange, where customers match wagers against one another.

The launch announcement describes a sportsbook and does not establish a peer-to-peer matching mechanism.

Bet25’s published explanation also refers to eligible markets, so the pricing claim should not automatically be extended to every wager available across the operator’s broader offering.