Difference between revisions of "Betfair - Understanding The Odds"

Revision as of 17:58, 26 August 2020

When punters first join the Betfair betting exchange one of the most confusing features may be the method in which the possibilities are 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 strategy 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 is the same as 2.5 around the exchange. If you consider what happens once 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 won by you he will give you four times your stake A�40 plus your original investment back. On the exchanges you won't ever actually give your stake to anyone so needless to say it doesn't must be returned.

The odds on the exchanges tend normally to be around 20% above those available from the bookies. On outsiders with larger odds the difference might be considerably greater. Horses priced at 33/1 or 50/1 by bookmakers are frequently purchased at three figure odds around the exchanges.

Although the percentages may be better it has being offset when your bet or lay is successful you will have to pay 5% commission. His is generally easily offset by the better prices that you just re getting this is not always true when betting on short priced horses.

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

The betting exchanges are growing in importance around the globe and in case you are thinking about horse racing and betting then you definitely really do need to use the internet here and please take a look on the exchanges, sbobet especially Betfair.