When punters first join the Betfair betting exchange one of the most confusing features is the way that chances displayed. In the UK conventional bookmakers use fractional odds including 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 readily convert fractional odds into decimal 6/4 is 6 divided by 4 that gives you 1.5 + your stake which = 1. So 6/4 may be the same as 2.5 around the exchange. If you consider what goes on if you place a wining bet with a bookmaker your give him your stake money. He places your bet in the agreed odds, say 4/1. If shipped to you he offers you 4 times your stake A�40 as well as your original investment back. On the exchanges there is a constant actually pay your stake to anyone so naturally it does not should be returned.

The odds around the exchanges tend an average of to be with 20% higher than those provided by the bookies. On outsiders with larger odds the difference could be considerably greater. Horses pricing 33/1 or 50/1 by bookmakers is often bought at three figure odds around the exchanges.

Although the percentages could be better this has to become offset that if your bet or lay is productive you will have to pay 5% commission. His is generally easily offset by the better prices which you re getting this is simply not always true when betting on short priced horses.

Because Betfair win, i.e. have a 5% commission from either the backer or layer, whatever the result unlike bookmakers they don't care how many times shipped to you. This means that when you are successful there is no danger of getting your money closed.

The betting exchanges are growing in importance around the globe and in case you are interested in horse racing and betting then you definitely really do need to go online and have a look on the exchanges, sbobet especially Betfair.