Betfair - Understanding The Odds

When punters first join the Betfair betting exchange one of the most confusing features is the method in which the possibilities displayed. In the UK conventional bookmakers use fractional odds like 6/4, 2/1, 100/30 or 33/1. On Betfair a decimal odds product is used 2.5, 3.0,4.3 or 34.0.

You can readily convert fractional odds into decimal 6/4 is 6 divided by 4 which gives you 1.5 + your stake which = 1. So 6/4 could be the same as 2.5 about the exchange. If you consider how are you affected if you place a wining bet having a bookmaker your provide him your stake money. He places your bet at the agreed odds, say 4/1. If won by you he provides you with 4 times your stake A�40 along with your original investment back. On the exchanges you don't ever actually give over your stake to anyone so naturally it doesn't should be returned.

The odds about the exchanges tend an average of to be with 20% higher than those available from the bookies. On outsiders with larger odds the main difference can be considerably greater. Horses priced at 33/1 or 50/1 by bookmakers can often be found at three figure odds about the exchanges.

Although the chances may be better this has to be offset if your bet or lay is productive you'll need to pay 5% commission. His is generally easily offset by the better prices that 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, whatever the result unlike bookmakers they just don't care how frequently you win. This means when you are successful there isn't any danger of experiencing your bank account closed.

The betting exchanges are growing in importance around the world and sboarena if you're enthusiastic about horse racing and betting then you should go surfing and require a look with the exchanges, especially Betfair.