Betfair - Understanding The Odds

When punters first join the Betfair betting exchange just about the most confusing features will be the manner in which 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 method 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 on the exchange. If you consider what goes on whenever you place a wining bet using a bookmaker your give him your stake money. He places your bet with the agreed odds, say 4/1. If you win he provides you with 4x your stake A�40 as well as your original investment back. On the exchanges you won't ever actually give over your stake to anyone so of course it doesn't should be returned.

The odds for the exchanges tend an average of to be with 20% greater than those made available from the bookies. On outsiders with larger odds the difference can be considerably greater. Horses priced at 33/1 or sbobet 50/1 by bookmakers is frequently bought at three figure odds for the exchanges.

Although chances could be better this has to become offset if your bet or lay is prosperous you will have to pay 5% commission. His is generally easily offset through the better prices which you re getting this is not always true when betting on short priced horses.

Because Betfair win, i.e. require a 5% commission from either the backer or layer, regardless of the result unlike bookmakers they do not care the frequency of which shipped to you. This means that if you are successful there isn't any danger of experiencing your money closed.

The betting exchanges are growing in importance all over the world and if you're considering horse racing and betting then you need to go online and please take a look with the exchanges, especially Betfair.