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 sbobet 33/1. On Betfair a decimal odds method is used 2.5, 3.0,4.3 or 34.0.

You can simply convert fractional odds into decimal 6/4 is 6 divided by 4 that gives you 1.5 + your stake which = 1. So 6/4 may be the same as 2.5 for the exchange. If you consider what are the results whenever you place a wining bet which has a bookmaker your give him your stake money. He places your bet on the agreed odds, say 4/1. If shipped to you he gives you 4 times your stake A�40 along with your original investment back. On the exchanges you won't ever actually pay your stake to anyone so of course it doesn't must be returned.

The odds for the exchanges tend an average of to get along with 20% higher than those available from the bookies. On outsiders with larger odds the real difference could be considerably greater. Horses priced at 33/1 or 50/1 by bookmakers are frequently found at three figure odds for the exchanges.

Although the percentages could possibly be better this has to be offset when your bet or lay works you will need to pay 5% commission. His is generally easily offset from the better prices that you simply 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 the result unlike bookmakers they just don't care how often you win. This means if you are successful there isn't any danger of having your money closed.

The betting exchanges are growing in importance all over the world and should you be enthusiastic about horse racing and betting then you definitely do need to go surfing and require a look on the exchanges, especially Betfair.