Betfair - Understanding the Odds
When punters first join the Betfair betting exchange just about the most confusing features will be the method in which the possibilities are displayed. In the UK conventional bookmakers use fractional odds like 6/4, 2/1, 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 which 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 are the results whenever you place a wining bet which has a bookmaker your give him your stake money. He places your bet on the agreed odds, say 4/1. If you win he gives you 4 times your stake A�40 together with your original investment back. On the exchanges you won't ever actually give over your stake to anyone so naturally it doesn't have to be returned.
The odds for the exchanges tend typically to get along with 20% greater than those made available from the bookies. On outsiders with larger odds the difference can be considerably greater. Horses coming in at 33/1 or 50/1 by bookmakers is often found at three figure odds on the exchanges.
Although the percentages could possibly be better it is to become offset that if your bet or lay is successful you will have to pay 5% commission. His is generally easily offset through the better prices that you simply 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 do not care how many times you win. This means when you are successful there is absolutely no danger of getting your account closed.
The betting exchanges are growing in importance worldwide and sbobet in case you are thinking about horse racing and betting then you certainly need to use the internet here and have a look in the exchanges, especially Betfair.
You can simply convert fractional odds into decimal 6/4 is 6 divided by 4 which 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 are the results whenever you place a wining bet which has a bookmaker your give him your stake money. He places your bet on the agreed odds, say 4/1. If you win he gives you 4 times your stake A�40 together with your original investment back. On the exchanges you won't ever actually give over your stake to anyone so naturally it doesn't have to be returned.
The odds for the exchanges tend typically to get along with 20% greater than those made available from the bookies. On outsiders with larger odds the difference can be considerably greater. Horses coming in at 33/1 or 50/1 by bookmakers is often found at three figure odds on the exchanges.
Although the percentages could possibly be better it is to become offset that if your bet or lay is successful you will have to pay 5% commission. His is generally easily offset through the better prices that you simply 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 do not care how many times you win. This means when you are successful there is absolutely no danger of getting your account closed.
The betting exchanges are growing in importance worldwide and sbobet in case you are thinking about horse racing and betting then you certainly need to use the internet here and have a look in the exchanges, especially Betfair.
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