Betfair - Understanding The Odds

When punters first join the Betfair betting exchange just about the most confusing features will be the method that chances 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 product is used 2.5, sbobet 3.0,4.3 or 34.0.

You can simply convert fractional odds into decimal 6/4 is 6 divided by 4 giving you 1.5 + your stake which = 1. So 6/4 is the same as 2.5 around the exchange. If you consider what are the results once you place a wining bet using a bookmaker your provide him with your stake money. He places your bet at the agreed odds, say 4/1. If you win he offers you four times your stake A�40 together with your original investment back. On the exchanges you never actually give over your stake to anyone so naturally it doesn't should be returned.

The odds about the exchanges tend normally to be around 20% above those offered by the bookies. On outsiders with larger odds the difference might be considerably greater. Horses priced at 33/1 or 50/1 by bookmakers is often purchased at three figure odds for the exchanges.

Although the odds could possibly be better this has to get offset when your bet or lay is productive you'll have to pay 5% commission. His is generally easily offset with the better prices that you just re getting this isn't 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 don't care how frequently shipped to you. This means that when you are successful there is absolutely no danger of needing your closed.

The betting exchanges are growing in importance around the world and in case you are considering horse racing and betting you then should use the internet here and have a look at the exchanges, especially Betfair.