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Difference between revisions of "Betfair - Understanding The Odds"

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When punters first join the Betfair betting exchange just about the most confusing features is the method in which the possibilities 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 system 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 will be the same as 2.5 about the exchange. If you consider what goes on if you place a wining bet having a bookmaker your provide him with your stake money. He places your bet on the agreed odds, say 4/1. If won by you he provides you with four times your stake A�40 along with your original investment back. On the exchanges you won't ever actually hand over your stake to anyone so obviously it doesn't have to be returned.<br><br>The odds on the exchanges tend typically to get along with 20% higher than those offered by the bookies. On outsiders with larger odds the gap could be considerably greater. Horses pricing 33/1 or sboarena 50/1 by bookmakers is often available at three figure odds for the exchanges.<br><br>Although the odds may be better this has to get offset when your bet or lay works you will need to pay 5% commission. His is generally easily offset with the better prices that you simply re getting this isn't always true when betting on short priced horses.<br><br>Because Betfair win, i.e. please take a 5% commission from either the backer or layer, whatever the result unlike bookmakers they don't care how many times won by you. This means when you are successful there's no danger of getting your account closed.<br><br>The betting exchanges are growing in importance all over the world and in case you are thinking about horse racing and betting you then do need to use the internet and require a look with the exchanges, especially Betfair.
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When punters first join the Betfair betting exchange just about the most confusing features will be the method that the possibilities are displayed. In the UK conventional bookmakers use fractional odds for example 6/4, 2/1, sboarena 100/30 or 33/1. On Betfair a decimal odds method is used 2.5, 3.0,4.3 or 34.0.<br><br>You can certainly convert fractional odds into decimal 6/4 is 6 divided by 4 that gives you 1.5 + your stake which = 1. So 6/4 is the same as 2.5 for the exchange. If you consider what happens once you place a wining bet using a bookmaker your provide him with your stake money. He places your bet at the agreed odds, say 4/1. If won by you he offers you four times your stake A�40 as well as your original investment back. On the exchanges you won't ever actually pay your stake to anyone so needless to say it doesn't have to be returned.<br><br>The odds for the exchanges tend normally to be with 20% more than those available from the bookies. On outsiders with larger odds the real difference could be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers is frequently bought at three figure odds on the exchanges.<br><br>Although the percentages could be better it's to get offset that when your bet or lay is successful you will have to pay 5% commission. His is generally easily offset with the better prices which you re getting this isn't always true when betting on short priced horses.<br><br>Because Betfair win, i.e. require a 5% commission from either the backer or layer, no matter the result unlike bookmakers they cannot care the frequency of which won by you. This means that when you are successful there is no danger of experiencing your bank account closed.<br><br>The betting exchanges are growing in importance around the globe and should you be considering horse racing and betting you then should go surfing and take a look at the exchanges, especially Betfair.

Revision as of 10:39, 18 October 2020

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

You can certainly convert fractional odds into decimal 6/4 is 6 divided by 4 that gives you 1.5 + your stake which = 1. So 6/4 is the same as 2.5 for the exchange. If you consider what happens once you place a wining bet using a bookmaker your provide him with your stake money. He places your bet at the agreed odds, say 4/1. If won by you he offers you four times your stake A�40 as well as your original investment back. On the exchanges you won't ever actually pay your stake to anyone so needless to say it doesn't have to be returned.

The odds for the exchanges tend normally to be with 20% more than those available from the bookies. On outsiders with larger odds the real difference could be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers is frequently bought at three figure odds on the exchanges.

Although the percentages could be better it's to get offset that when your bet or lay is successful you will have to pay 5% commission. His is generally easily offset with the better prices which you re getting this isn't always true when betting on short priced horses.

Because Betfair win, i.e. require a 5% commission from either the backer or layer, no matter the result unlike bookmakers they cannot care the frequency of which won by you. This means that when you are successful there is no danger of experiencing your bank account closed.

The betting exchanges are growing in importance around the globe and should you be considering horse racing and betting you then should go surfing and take a look at the exchanges, especially Betfair.