Betfair - Understanding The Odds

When punters first join the Betfair betting exchange one of the most confusing features may be the way that the odds are displayed. In the UK conventional bookmakers use fractional odds such as 6/4, 2/1, 100/30 or sbobet 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 that gives you 1.5 + your stake which = 1. So 6/4 will be the same as 2.5 around the exchange. If you consider how are you affected when you place a wining bet having a bookmaker your provide him your stake money. He places your bet on the agreed odds, say 4/1. If won by you he offers you 4 times your stake A�40 together with your original investment back. On the exchanges you won't ever actually give over your stake to anyone so of course no have to be returned.

The odds for the exchanges tend on average to be with 20% above those made available from the bookies. On outsiders with larger odds the main difference might be considerably greater. Horses coming in at 33/1 or 50/1 by bookmakers are frequently bought at three figure odds about the exchanges.

Although the percentages might be better it's to become offset that if your bet or lay is productive you'll need 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. require a 5% commission from either the backer or layer, regardless of the result unlike bookmakers they just don't care how many times shipped to you. This means if you are successful there is absolutely no danger of having your account closed.

The betting exchanges are growing in importance around the globe and if you are considering horse racing and betting then you definitely should use the internet and require a look with the exchanges, especially Betfair.