Betfair - Understanding The Odds

When punters first join the Betfair betting exchange the most confusing features will be the method that the possibilities displayed. In the UK conventional bookmakers use fractional odds such as 6/4, 2/1, sbobet 100/30 or 33/1. On Betfair a decimal odds strategy 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 giving you 1.5 + your stake which = 1. So 6/4 will be the same as 2.5 about the exchange. If you consider what are the results once you place a wining bet having a bookmaker your provide him your stake money. He places your bet with the agreed odds, say 4/1. If won by you he provides you with 4x your stake A�40 as well as your original investment back. On the exchanges you don't ever actually give over your stake to anyone so naturally no need to be returned.

The odds around the exchanges tend typically to be with 20% above those offered by the bookies. On outsiders with larger odds the main difference can be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers can often be available at three figure odds on the exchanges.

Although the chances might be better it has to get offset that if your bet or lay is productive you will have to pay 5% commission. His is generally easily offset from the better prices that you just 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 the result unlike bookmakers they just don't care how frequently shipped to you. This means that if you are successful there is no danger of experiencing your bank account closed.

The betting exchanges are growing in importance around the world and in case you are enthusiastic about horse racing and betting then you certainly really do need to use the internet here and have a look with the exchanges, especially Betfair.