When punters first join the Betfair betting exchange probably the most confusing features is the method that the possibilities displayed. In the UK conventional bookmakers use fractional odds including 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 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 are the results whenever you place a wining bet having a bookmaker your provide him your stake money. He places your bet on the agreed odds, say 4/1. If you win he provides you with four times your stake A�40 as well as your original investment back. On the exchanges you don't ever actually hand over your stake to anyone so obviously no have to be returned.

The odds around the exchanges tend typically to be with 20% greater than those provided by the bookies. On outsiders with larger odds the gap can be considerably greater. Horses coming in at 33/1 or sboarena 50/1 by bookmakers is frequently purchased at three figure odds about the exchanges.

Although the chances could possibly be better it is to get offset when your bet or lay is productive you'll 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. take a 5% commission from either the backer or layer, no matter the result unlike bookmakers they do not care how often shipped to you. This means if you are successful there isn't any danger of experiencing your account closed.

The betting exchanges are growing in importance worldwide and if you're enthusiastic about horse racing and betting then you certainly should go surfing and take a look at the exchanges, especially Betfair.