Betfair - Understanding The Odds

When punters first join the Betfair betting exchange just about the most confusing features will be the way that the possibilities displayed. In the UK conventional bookmakers use fractional odds such as 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 certainly convert fractional odds into decimal 6/4 is 6 divided by 4 which gives you 1.5 + your stake which = 1. So 6/4 may be the same as 2.5 around the exchange. If you consider what goes on whenever you place a wining bet having a bookmaker your provide him with your stake money. He places your bet with the agreed odds, sbobet say 4/1. If won by you he provides you with 4x your stake A�40 plus your original investment back. On the exchanges you don't ever actually give over your stake to anyone so obviously this doesn't should be returned.

The odds around the exchanges tend normally to be around 20% more than those available from the bookies. On outsiders with larger odds the real difference might be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers are frequently available at three figure odds around the exchanges.

Although the chances may be better it is to become offset that if your bet or lay is successful you will need to pay 5% commission. His is generally easily offset with the better prices which you re getting this is simply not always true when betting on short priced horses.

Because Betfair win, i.e. have a 5% commission from either the backer or layer, no matter what result unlike bookmakers they do not care how many times shipped to you. This means if you are successful there is absolutely no danger of experiencing your closed.

The betting exchanges are growing in importance around the globe and should you be considering horse racing and betting then you definitely should use the internet and have a look in the exchanges, especially Betfair.