Betfair - Understanding The Odds

When punters first join the Betfair betting exchange probably the most confusing features will be the way that the possibilities displayed. In the UK conventional bookmakers use fractional odds including 6/4, 2/1, 100/30 or 33/1. On Betfair a decimal odds method is used 2.5, 3.0,4.3 or 34.0.

You can easily convert fractional odds into decimal 6/4 is 6 divided by 4 giving you 1.5 + your stake which = 1. So 6/4 may be the same as 2.5 for the exchange. If you consider how are you affected when you place a wining bet which has a bookmaker your provide him your stake money. He places your bet in the agreed odds, say 4/1. If won by you he offers you 4x your stake A�40 together with your original investment back. On the exchanges you don't ever actually give over your stake to anyone so needless to say this doesn't should be returned.

The odds around the exchanges tend on average to be around 20% more than those made available from the bookies. On outsiders with larger odds the real difference may be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers is frequently found at three figure odds around the exchanges.

Although the chances may be better this has to become offset if your bet or lay is successful you will have to pay 5% commission. His is generally easily offset from the better prices that you just re getting this isn't always true when betting on short priced horses.

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

The betting exchanges are growing in importance all over the world and sboarena if you're thinking about horse racing and betting then you certainly really do need to go surfing and require a look with the exchanges, especially Betfair.