Betfair - Understanding The Odds

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

You can easily 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 about the exchange. If you consider how are you affected whenever you place a wining bet with a bookmaker your provide him with your stake money. He places your bet in the agreed odds, say 4/1. If shipped to you he gives you four times your stake A�40 as well as your original investment back. On the exchanges there is a constant actually give over your stake to anyone so needless to say this doesn't need to be returned.

The odds for the exchanges tend on average to get along with 20% above those available from the bookies. On outsiders with larger odds the gap can be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers are frequently purchased at three figure odds about the exchanges.

Although chances could be better this has being offset that when your bet or lay is prosperous you'll have to pay 5% commission. His is generally easily offset by the better prices that you just re getting this isn't always true when betting on short priced horses.

Because Betfair win, i.e. have a 5% commission from either the backer or layer, regardless of the result unlike bookmakers they cannot care how often won by you. This means when you are successful there isn't any danger of experiencing your bank account closed.

The betting exchanges are growing in importance all over the world and if you are interested in horse racing and betting then you do need to use the internet here and have a look at the exchanges, especially Betfair.