When punters first join the Betfair betting exchange just about the most confusing features could be the method in which the odds are displayed. In the UK conventional bookmakers use fractional odds for example 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 which provides you 1.5 + your stake which = 1. So 6/4 is the same as 2.5 on the exchange. If you consider what are the results when you place a wining bet using a bookmaker your provide him your stake money. He places your bet at the agreed odds, sboarena say 4/1. If shipped to you he gives you 4x your stake A�40 together with your original investment back. On the exchanges there is a constant actually pay your stake to anyone so of course no must be returned.

The odds about the exchanges tend typically to be with 20% more than those offered by the bookies. On outsiders with larger odds the gap may be considerably greater. Horses coming in at 33/1 or 50/1 by bookmakers are frequently available at three figure odds on the exchanges.

Although the chances could be better it's to get 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 simply 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, no matter the result unlike bookmakers they do not care how frequently won by you. This means that if you are successful there isn't any danger of getting your bank account closed.

The betting exchanges are growing in importance worldwide and should you be enthusiastic about horse racing and betting then you certainly should use the internet here and have a look in the exchanges, especially Betfair.