Betfair - Understanding The Odds

When punters first join the Betfair betting exchange one of the most confusing features will be the method in which chances displayed. In the UK conventional bookmakers use fractional odds for example 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 simply convert fractional odds into decimal 6/4 is 6 divided by 4 which gives you 1.5 + your stake which = 1. So 6/4 could be the same as 2.5 about the exchange. If you consider what are the results once you place a wining bet using a bookmaker your give him your stake money. He places your bet on the agreed odds, say 4/1. If won by you he provides you with 4x your stake A�40 as well as your original investment back. On the exchanges you don't ever actually give your stake to anyone so naturally no should be returned.

The odds around the exchanges tend typically to be around 20% higher than those offered 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 bought at three figure odds about the exchanges.

Although the odds may be better this has being offset if your bet or lay works you will need to pay 5% commission. His is generally easily offset from the better prices which you re getting this is not 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 do not care how many times shipped to you. This means when you are successful there isn't any danger of needing your account closed.

The betting exchanges are growing in importance all over the world and in case you are considering horse racing and betting then you certainly really do need to go online and sbobet please take a look on the exchanges, especially Betfair.