When punters first join the Betfair betting exchange probably the most confusing features is the method that the possibilities are 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 system 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 will be the same as 2.5 around the exchange. If you consider what happens whenever you place a wining bet having a bookmaker your supply him with your stake money. He places your bet at the agreed odds, say 4/1. If shipped to you he offers you 4 times your stake A�40 plus your original investment back. On the exchanges you don't ever actually pay your stake to anyone so needless to say it doesn't have to be returned.

The odds around the exchanges tend typically to be with 20% higher than those provided by the bookies. On outsiders with larger odds the difference could be considerably greater. Horses costing 33/1 or 50/1 by bookmakers is frequently available at three figure odds around the exchanges.

Although chances could possibly be better it is being offset that if your bet or lay is productive you'll have to pay 5% commission. His is generally easily offset through the better prices that you 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 the result unlike bookmakers they don't care the frequency of which you win. This means when you are successful there's no danger of having your account closed.

The betting exchanges are growing in importance all over the world and in case you are thinking about horse racing and betting then you definitely need to go online and sbobet please take a look on the exchanges, especially Betfair.