Betfair - Understanding The Odds

When punters first join the Betfair betting exchange just about the most confusing features may be the method that the possibilities 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 method 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 provides you 1.5 + your stake which = 1. So 6/4 could be the same as 2.5 on the exchange. If you consider what goes on when you place a wining bet with a bookmaker your provide him with your stake money. He places your bet with the agreed odds, say 4/1. If shipped to you he offers you 4 times your stake A�40 together with your original investment back. On the exchanges there is a constant actually give over your stake to anyone so naturally it does not have to be returned.

The odds about the exchanges tend normally to be around 20% more than those available from the bookies. On outsiders with larger odds the real difference could be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers are frequently bought at three figure odds around the exchanges.

Although the chances may be better it has to get offset if your bet or lay works you will need to pay 5% commission. His is generally easily offset from 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. take a 5% commission from either the backer or sbobet layer, no matter the result unlike bookmakers they just don't care the frequency of which you win. This means if you are successful there is absolutely no danger of experiencing your money closed.

The betting exchanges are growing in importance around the globe and if you are thinking about horse racing and betting then you need to use the internet here and please take a look at the exchanges, especially Betfair.