Betfair - Understanding The Odds

When punters first join the Betfair betting exchange the most confusing features could be the method in which 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 system 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 is the same as 2.5 about the exchange. If you consider what happens whenever you place a wining bet which has a bookmaker your supply him with your stake money. He places your bet on the agreed odds, say 4/1. If shipped to you he provides you with 4 times your stake A�40 as well as your original investment back. On the exchanges there is a constant actually give over your stake to anyone so naturally it does not need to be returned.

The odds about the exchanges tend an average of to be with 20% above those offered by the bookies. On outsiders with larger odds the difference can be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers can often be bought at three figure odds about the exchanges.

Although the odds might be better it's being offset that when your bet or lay is productive you will have to pay 5% commission. His is generally easily offset from the better prices that you just re getting it's not always true when betting on short priced horses.

Because Betfair win, i.e. require a 5% commission from either the backer or layer, no matter the result unlike bookmakers they just don't care how many times shipped to you. This means that if you are successful there's no danger of getting your money closed.

The betting exchanges are growing in importance worldwide and if you are enthusiastic about horse racing and sboarena betting then you certainly should use the internet and take a look with the exchanges, especially Betfair.