Betfair - Understanding The Odds

When punters first join the Betfair betting exchange just about the most confusing features is the method in which the odds are displayed. In the UK conventional bookmakers use fractional odds such as 6/4, sboarena 2/1, 100/30 or 33/1. On Betfair a decimal odds strategy 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 will be the same as 2.5 on the exchange. If you consider what happens once you place a wining bet having a bookmaker your provide him with your stake money. He places your bet at the agreed odds, say 4/1. If won by you he provides you with 4 times your stake A�40 together with your original investment back. On the exchanges you don't ever actually give over your stake to anyone so naturally it does not must be returned.

The odds on the exchanges tend typically to be around 20% greater than those offered by the bookies. On outsiders with larger odds the main difference might be considerably greater. Horses coming in at 33/1 or 50/1 by bookmakers is frequently found at three figure odds on the exchanges.

Although the odds may be better it's to become offset when your bet or lay is productive you will need to pay 5% commission. His is generally easily offset from the better prices which you re getting this is not always true when betting on short priced horses.

Because Betfair win, i.e. take a 5% commission from either the backer or layer, no matter what result unlike bookmakers they don't care the frequency of which won by you. This means that if you are successful there is no danger of experiencing your money closed.

The betting exchanges are growing in importance around the world and if you're thinking about horse racing and betting then you certainly do need to use the internet here and have a look in the exchanges, especially Betfair.