Betfair - Understanding The Odds: Unterschied zwischen den Versionen
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| − | When punters first join the Betfair betting exchange | + | When punters first join the Betfair betting exchange one of the most confusing features is the manner in which the odds are displayed. In the UK conventional bookmakers use fractional odds like 6/4, 2/1, 100/30 or sbobet 33/1. On Betfair a decimal odds method is used 2.5, 3.0,4.3 or 34.0.<br><br>You can certainly convert fractional odds into decimal 6/4 is 6 divided by 4 which provides you 1.5 + your stake which = 1. So 6/4 is the same as 2.5 on the exchange. If you consider what are the results when you place a wining bet with a bookmaker your provide him your stake money. He places your bet at the agreed odds, say 4/1. If you win he gives you 4 times your stake A�40 plus your original investment back. On the exchanges you don't ever actually pay your stake to anyone so naturally no have to be returned.<br><br>The odds on the exchanges tend on average to be with 20% higher than those offered by the bookies. On outsiders with larger odds the main difference can be considerably greater. Horses costing 33/1 or 50/1 by bookmakers is frequently purchased at three figure odds about the exchanges.<br><br>Although the odds might be better this has to become offset that if your bet or lay works you'll need to pay 5% commission. His is generally easily offset with the better prices which you re getting this isn't always true when betting on short priced horses.<br><br>Because Betfair win, i.e. take a 5% commission from either the backer or layer, no matter the result unlike bookmakers they cannot care the frequency of which won by you. This means if you are successful there is no danger of having your bank account closed.<br><br>The betting exchanges are growing in importance around the world and if you are interested in horse racing and betting then you definitely really do need to go surfing and require a look in the exchanges, especially Betfair. |
Version vom 9. September 2020, 05:37 Uhr
When punters first join the Betfair betting exchange one of the most confusing features is the manner in which the odds are displayed. In the UK conventional bookmakers use fractional odds like 6/4, 2/1, 100/30 or sbobet 33/1. On Betfair a decimal odds method is used 2.5, 3.0,4.3 or 34.0.
You can certainly convert fractional odds into decimal 6/4 is 6 divided by 4 which provides you 1.5 + your stake which = 1. So 6/4 is the same as 2.5 on the exchange. If you consider what are the results when you place a wining bet with a bookmaker your provide him your stake money. He places your bet at the agreed odds, say 4/1. If you win he gives you 4 times your stake A�40 plus your original investment back. On the exchanges you don't ever actually pay your stake to anyone so naturally no have to be returned.
The odds on the exchanges tend on average to be with 20% higher than those offered by the bookies. On outsiders with larger odds the main difference can be considerably greater. Horses costing 33/1 or 50/1 by bookmakers is frequently purchased at three figure odds about the exchanges.
Although the odds might be better this has to become offset that if your bet or lay works you'll need to pay 5% commission. His is generally easily offset with the better prices which you re getting this isn't always true when betting on short priced horses.
Because Betfair win, i.e. take a 5% commission from either the backer or layer, no matter the result unlike bookmakers they cannot care the frequency of which won by you. This means if you are successful there is no danger of having your bank account closed.
The betting exchanges are growing in importance around the world and if you are interested in horse racing and betting then you definitely really do need to go surfing and require a look in the exchanges, especially Betfair.
