Betfair - Understanding The Odds

When punters first join the Betfair betting exchange one of the most confusing features will be the method in which the odds are displayed. In the UK conventional bookmakers use fractional odds for sbobet example 6/4, 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 giving you 1.5 + your stake which = 1. So 6/4 may be the same as 2.5 for the exchange. If you consider how are you affected once you place a wining bet using a bookmaker your provide him your stake money. He places your bet in the agreed odds, say 4/1. If you win he offers you 4x your stake A�40 as well as your original investment back. On the exchanges you won't ever actually pay your stake to anyone so obviously no have to be returned.

The odds on the exchanges tend on average to be with 20% more than those provided by the bookies. On outsiders with larger odds the difference may be considerably greater. Horses costing 33/1 or 50/1 by bookmakers is frequently found at three figure odds on the exchanges.

Although chances could possibly be better it's being offset if your bet or lay works you will need to pay 5% commission. His is generally easily offset with the better prices that you re getting this isn't always true when betting on short priced horses.

Because Betfair win, i.e. please take a 5% commission from either the backer or layer, no matter what result unlike bookmakers they just don't care the frequency of which won by you. This means when you are successful there's no danger of having your account closed.

The betting exchanges are growing in importance worldwide and if you're enthusiastic about horse racing and betting you then need to go online and take a look on the exchanges, especially Betfair.