| BETTING
EXCHANGES |
Betfair
brought a revolution into the world of online betting, bringing
benefits to punters in terms of better choice of bets and better
prices and as a result Betfair is now the biggest online betting
site in the World.
Betfair is a Betting Exchange, there is no bookmaker on
Betfair, just people exchanging bets.
Betfair have removed the bookmaker and his inflated margins from the betting process.
Betting on betfair takes place between a community of online
punters who put their knowledge of sport to the test, trading
bets as if they were trading shares on the stock exchange. ie. the punter is buying or selling a team winning chance.
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BACK
a horse to win
Using betfair, BACKING
is the traditional way of placing a
bet.
If the horse WINS you WIN.
EXAMPLE - BACK WAR OF ATTRITION
at 8.2 (7.2/1) for £20
WAR OF ATTRITION wins - you WIN 7.2 x £20 = £144
WAR OF ATTRITION loses - you LOSE £20 |
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LAY
a horse not to win
Using betfair, LAYING is the opposite of backing.
If the horse LOSES you WIN.
EXAMPLE - LAY
WAR OF ATTRITION at odds of 8.44 (7.44/1) for £20
WAR OF ATTRITION loses - you WIN £20.
WAR OF ATTRITION wins - you LOSE 7.44 x £20 = £149 |
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On betfair
you BACK a team or horse if
you think it has a good winning chance or LAY if
you think it will not win. You can chose to back or lay at
prices already left on the betting exchange my other punters, or
set your own odds. You are always in control, bet at the odds
you want to and for as much money as you want to.
For high
staking punters betfair is perfect. Winners are welcome and if
you are a winning punter you will not have your stake limited,
as is the case with winning punters at many bookmakers. With
several million pounds matched on live soccer matches there
really is no limit to how much you can bet.
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| In-Play
betting at Betfair
Betting Exchange
Betfair
brings you an exciting and fast-moving addition to
existing products? 'In-Play' betting. You are now able
to bet once the event has started.
When
a market is In-Play, it signifies that the event the
market refers to, or a closely related event, has
begun.
When
a market is In-Play at betfair, betting on this market operates
in an identical fashion to normal, with one
difference. When you place your bet, whether this is
to match another bet or to place an order, there is a
deliberate time delay before the bet is processed.
This delay is indicated by the In-Play icon on the
betting slip.
The
reason for the time delay is to allow those people who
have orders on the system to cancel and change their
bets if something dramatic happens during the event.
For example, if Newcastle are playing Everton and
Newcastle score a goal, someone who has left an order
to back Everton might want to immediately cancel their
bet and change
To
give you further protection, when a market goes
In-Play, all existing orders will be cancelled first
and the market immediately reopened. This allows you
to leave an order on the system, say two days before
the event, and know that it will be cancelled
automatically (if it has not already been matched),
before the event begins.
www.betfair.com |
