Betfair - Understanding The Odds

When punters first join the Betfair betting exchange one of the most confusing features is the manner in which chances displayed. In the UK conventional bookmakers use fractional odds including 6/4, sboarena 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 that gives you 1.5 + your stake which = 1. So 6/4 will be the same as 2.5 about the exchange. If you consider how are you affected once you place a wining bet having a bookmaker your provide him your stake money. He places your bet at the agreed odds, say 4/1. If shipped to you he provides you with 4x your stake A�40 along with your original investment back. On the exchanges there is a constant actually pay your stake to anyone so needless to say this doesn't need to be returned.

The odds for the exchanges tend normally to get along with 20% above those provided by the bookies. On outsiders with larger odds the real difference may be considerably greater. Horses priced at 33/1 or 50/1 by bookmakers can often be purchased at three figure odds around the exchanges.

Although the percentages could be better it has being offset that if your bet or lay is successful you'll need to pay 5% commission. His is generally easily offset with 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, whatever the result unlike bookmakers they do not care how many times won by you. This means when you are successful there is no danger of needing your money closed.

The betting exchanges are growing in importance around the globe and if you are interested in horse racing and betting then you certainly really do need to go online and require a look at the exchanges, especially Betfair.