Betfair - Understanding The Odds

When punters first join the Betfair betting exchange the most confusing features may be the method in which chances displayed. In the UK conventional bookmakers use fractional odds like 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 which gives 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 when you place a wining bet which has a bookmaker your provide him your stake money. He places your bet with the agreed odds, say 4/1. If shipped to you he provides you with 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 obviously no need to be returned.

The odds on the exchanges tend typically to be with 20% above those provided by the bookies. On outsiders with larger odds the real difference can be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers are frequently purchased at three figure odds about the exchanges.

Although the chances may be better it's being offset that if your bet or lay works you will have to pay 5% commission. His is generally easily offset through the better prices that you just re getting it's not 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 don't care how frequently you win. This means when you are successful there is absolutely no danger of having your money closed.

The betting exchanges are growing in importance worldwide and if you are interested in horse racing and betting you then really do need to go online and have a look in the exchanges, sbobet especially Betfair.