Betfair - Understanding The Odds

When punters first join the Betfair betting exchange the most confusing features could 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 method is used 2.5, 3.0,4.3 or 34.0.

You can simply convert fractional odds into decimal 6/4 is 6 divided by 4 giving you 1.5 + your stake which = 1. So 6/4 is the same as 2.5 about the exchange. If you consider what happens once you place a wining bet which has a bookmaker your give him your stake money. He places your bet in the agreed odds, sboarena say 4/1. If shipped to you he offers you four times your stake A�40 together with your original investment back. On the exchanges there is a constant actually give your stake to anyone so needless to say it does not should be returned.

The odds around the exchanges tend normally to be around 20% higher than those provided by the bookies. On outsiders with larger odds the main difference could be considerably greater. Horses coming in at 33/1 or 50/1 by bookmakers are frequently bought at three figure odds for the exchanges.

Although the chances might be better it's to get offset that when your bet or lay is successful 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, no matter the result unlike bookmakers they just don't care how often won by you. This means when you are successful there's no danger of needing your money closed.

The betting exchanges are growing in importance worldwide and if you're considering horse racing and betting then you definitely do need to go surfing and require a look at the exchanges, especially Betfair.