Betfair - Understanding The Odds

When punters first join the Betfair betting exchange one of the most confusing features is the manner in which 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 strategy 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 giving you 1.5 + your stake which = 1. So 6/4 will be the same as 2.5 on the exchange. If you consider how are you affected once you place a wining bet having a bookmaker your provide him with your stake money. He places your bet with the agreed odds, say 4/1. If shipped to you he will give you 4 times your stake A�40 plus your original investment back. On the exchanges you won't ever actually pay your stake to anyone so of course this doesn't must be returned.

The odds around the exchanges tend on average to be with 20% more than those made 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 are frequently purchased at three figure odds about the exchanges.

Although the chances could be better it is being offset that if your bet or lay works you'll have to pay 5% commission. His is generally easily offset with the better prices that you simply re getting this is not always true when betting on short priced horses.

Because Betfair win, sbobet i.e. require a 5% commission from either the backer or layer, no matter what result unlike bookmakers they do not care how frequently you win. This means that if you are successful there's no danger of experiencing your bank account closed.

The betting exchanges are growing in importance around the world and in case you are considering horse racing and betting then you definitely should go surfing and take a look with the exchanges, especially Betfair.