Betfair - Understanding The Odds

When punters first join the Betfair betting exchange one of the most confusing features will be the method that the odds are 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 product is used 2.5, 3.0,4.3 or 34.0.

You can readily convert fractional odds into decimal 6/4 is 6 divided by 4 that gives you 1.5 + your stake which = 1. So 6/4 will be the same as 2.5 about the exchange. If you consider what happens whenever you place a wining bet using a bookmaker your provide him your stake money. He places your bet with the agreed odds, say 4/1. If you win 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 naturally it doesn't must be returned.

The odds for the exchanges tend on average to be around 20% more than those provided by the bookies. On outsiders with larger odds the real difference may be considerably greater. Horses coming in at 33/1 or sbobet 50/1 by bookmakers are frequently available at three figure odds about the exchanges.

Although the odds could be better it is being offset when your bet or lay is prosperous you will need to pay 5% commission. His is generally easily offset by the better prices that you re getting this isn't always true when betting on short priced horses.

Because Betfair win, i.e. have a 5% commission from either the backer or layer, regardless of the result unlike bookmakers they do not care the frequency of which shipped to you. This means that when you are successful there isn't any danger of experiencing your closed.

The betting exchanges are growing in importance around the globe and in case you are enthusiastic about horse racing and betting you then do need to go online and have a look at the exchanges, especially Betfair.