Betfair - Understanding The Odds
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| - | When punters first join the Betfair betting exchange | + | sbo-bz-2758" style="max-width:420px;float:left;padding:10px 10px 10px 0px;border:0px;">When punters first join the Betfair betting exchange probably the most confusing features will be the method that the odds are displayed. In the UK conventional bookmakers use fractional odds for example 6/4, 2/1, sbobet 100/30 or 33/1. On Betfair a decimal odds strategy is used 2.5, 3.0,4.3 or 34.0.<br><br>You can simply convert fractional odds into decimal 6/4 is 6 divided by 4 that gives you 1.5 + your stake which = 1. So 6/4 could be the same as 2.5 for the exchange. If you consider what happens when you place a wining bet which has a bookmaker your give him your stake money. He places your bet at the agreed odds, say 4/1. If you win he offers you four times your stake A�40 as well as your original investment back. On the exchanges you don't ever actually give over your stake to anyone so naturally it doesn't have to be returned.<br><br>The odds about the exchanges tend on average to be with 20% above those provided by the bookies. On outsiders with larger odds the difference can be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers can often be bought at three figure odds about the exchanges.<br><br>Although the percentages might be better it is being offset that if your bet or lay works you will need to pay 5% commission. His is generally easily offset through the better prices which you re getting this is simply not always true when betting on short priced horses.<br><br>Because Betfair win, i.e. have a 5% commission from either the backer or layer, no matter what result unlike bookmakers they cannot care how frequently shipped to you. This means that when you are successful there's no danger of experiencing your account closed.<br><br>The betting exchanges are growing in importance worldwide and in case you are considering horse racing and betting then you should go online and take a look on the exchanges, especially Betfair. |
Revisión de 19:53 23 ago 2020
sbo-bz-2758" style="max-width:420px;float:left;padding:10px 10px 10px 0px;border:0px;">When punters first join the Betfair betting exchange probably the most confusing features will be the method that the odds are displayed. In the UK conventional bookmakers use fractional odds for example 6/4, 2/1, sbobet 100/30 or 33/1. On Betfair a decimal odds strategy 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 that gives you 1.5 + your stake which = 1. So 6/4 could be the same as 2.5 for the exchange. If you consider what happens when you place a wining bet which has a bookmaker your give him your stake money. He places your bet at the agreed odds, say 4/1. If you win he offers you four times your stake A�40 as well as your original investment back. On the exchanges you don't ever actually give over your stake to anyone so naturally it doesn't have to be returned.
The odds about the exchanges tend on average to be with 20% above those provided by the bookies. On outsiders with larger odds the difference can be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers can often be bought at three figure odds about the exchanges.
Although the percentages might be better it is being offset that if your bet or lay works you will need to pay 5% commission. His is generally easily offset through the better prices which you re getting this is simply not 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 what result unlike bookmakers they cannot care how frequently shipped to you. This means that when you are successful there's no danger of experiencing your account closed.
The betting exchanges are growing in importance worldwide and in case you are considering horse racing and betting then you should go online and take a look on the exchanges, especially Betfair.
