Betfair - Understanding The Odds

When punters first join the Betfair betting exchange just about the most confusing features will be the method that the possibilities are 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 system 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 gives you 1.5 + your stake which = 1. So 6/4 could be the same as 2.5 on the exchange. If you consider how are you affected once you place a wining bet with a bookmaker your give him your stake money. He places your bet at the agreed odds, say 4/1. If shipped to you he gives you four times your stake A�40 together with your original investment back. On the exchanges there is a constant actually pay your stake to anyone so naturally no need to be returned.

The odds on the exchanges tend typically to be around 20% more than those made available from the bookies. On outsiders with larger odds the real difference can be considerably greater. Horses costing 33/1 or 50/1 by bookmakers are frequently found at three figure odds for the exchanges.

Although the chances could be better it has to be offset when your bet or lay is productive you will have to pay 5% commission. His is generally easily offset by the better prices that you re getting it's not always true when betting on short priced horses.

Because Betfair win, i.e. please take a 5% commission from either the backer or layer, regardless of the result unlike bookmakers they do not care how frequently won by you. This means if you are successful there is absolutely no danger of needing your closed.

The betting exchanges are growing in importance around the world and if you are thinking about horse racing and sboarena betting then you certainly do need to use the internet and please take a look with the exchanges, especially Betfair.