Betfair - Understanding The Odds

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When punters first join the Betfair betting exchange probably the most confusing features is the manner in which the possibilities displayed. In the UK conventional bookmakers use fractional odds such as 6/4, 2/1, 100/30 or 33/1. On Betfair a decimal odds product is used 2.5, 3.0,4.3 or 34.0.

You can readily convert fractional odds into decimal 6/4 is 6 divided by 4 which provides you 1.5 + your stake which = 1. So 6/4 could be the same as 2.5 about the exchange. If you consider how are you affected whenever you place a wining bet using a bookmaker your provide him with your stake money. He places your bet with the agreed odds, say 4/1. If shipped to you he will give you four times your stake A�40 along with your original investment back. On the exchanges there is a constant actually hand over your stake to anyone so obviously it doesn't should be returned.

The odds on the exchanges tend normally to be around 20% above those available from the bookies. On outsiders with larger odds the difference could be considerably greater. Horses costing 33/1 or 50/1 by bookmakers can often be purchased at three figure odds for the exchanges.

Although the chances could be better this has to become offset when your bet or lay is prosperous you'll have to pay 5% commission. His is generally easily offset with the better prices that you simply re getting this is 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 often won by you. This means if you are successful there's no danger of experiencing your account closed.

The betting exchanges are growing in importance around the world and sbobet if you're thinking about horse racing and betting then you really do need to use the internet here and have a look in the exchanges, especially Betfair.