Betfair - Understanding The Odds

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Última versión de 00:50 13 oct 2020

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

You can certainly convert fractional odds into decimal 6/4 is 6 divided by 4 which gives you 1.5 + your stake which = 1. So 6/4 will be the same as 2.5 for the exchange. If you consider what goes on whenever you place a wining bet which has a bookmaker your supply him with your stake money. He places your bet with the agreed odds, say 4/1. If won by you he provides you with 4 times your stake A�40 as well as your original investment back. On the exchanges you won't ever actually give your stake to anyone so needless to say it does not need to be returned.

The odds on the exchanges tend an average of to get along with 20% more than those provided by the bookies. On outsiders with larger odds the main difference might be considerably greater. Horses costing 33/1 or 50/1 by bookmakers is often found at three figure odds on the exchanges.

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

Because Betfair win, i.e. take a 5% commission from either the backer or layer, whatever the result unlike bookmakers they do not care how many times shipped to you. This means that if you are successful there isn't any danger of having your closed.

The betting exchanges are growing in importance all over the world and should you be interested in horse racing and betting then you definitely need to use the internet and take a look in the exchanges, especially Betfair.