Betfair - Understanding The Odds

When punters first join the Betfair betting exchange just about the most confusing features could be the manner in which chances displayed. In the UK conventional bookmakers use fractional odds like 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 which provides you 1.5 + your stake which = 1. So 6/4 is the same as 2.5 on the exchange. If you consider what goes on if you place a wining bet using a bookmaker your provide him with your stake money. He places your bet on the agreed odds, say 4/1. If you win he will give you 4 times your stake A�40 together with your original investment back. On the exchanges you won't ever actually give your stake to anyone so needless to say this doesn't must be returned.

The odds around the exchanges tend normally to get along with 20% above those available from the bookies. On outsiders with larger odds the difference could be considerably greater. Horses coming in at 33/1 or 50/1 by bookmakers is frequently found at three figure odds for the exchanges.

Although chances might be better it's to be offset when your bet or lay is prosperous 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. please take a 5% commission from either the backer or layer, no matter what result unlike bookmakers they cannot care how frequently shipped to you. This means if you are successful there is absolutely no danger of getting your bank account closed.

The betting exchanges are growing in importance around the world and if you are thinking about horse racing and sboarena betting then you definitely should go surfing and take a look at the exchanges, especially Betfair.