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Betfair – Understanding the Odds

<img src="http://pic.files.mozhan.com/ueditor/image/20170411/1491876033846218.jpg" alt="新零售给sbobet利记体育|娱乐重新带来了什么?” style=”max-width:420px;float:left;padding:10px 10px 10px 0px;border:0px;”>When punters first join the Betfair betting exchange the most confusing features will be the method in which 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 method is used 2.5, sbobet 3.0,4.3 or 34.0.

You can easily convert fractional odds into decimal 6/4 is 6 divided by 4 which provides you 1.5 + your stake which = 1. So 6/4 will be the same as 2.5 for the exchange. If you consider what happens when you place a wining bet with a bookmaker your supply him with your stake money. He places your bet with the agreed odds, say 4/1. If you win he will give you four times your stake A�40 together with your original investment back. On the exchanges there is a constant actually hand over your stake to anyone so of course it does not should be returned.

The odds about the exchanges tend typically to be around 20% higher than those available from the bookies. On outsiders with larger odds the real difference could be considerably greater. Horses priced at 33/1 or 50/1 by bookmakers are frequently bought at three figure odds around the exchanges.

Although the odds may be better it’s to get offset that if your bet or lay is prosperous you will need to pay 5% commission. His is generally easily offset from the better prices that you just re getting this is simply not always true when betting on short priced horses.

Because Betfair win, i.e. take a 5% commission from either the backer or layer, regardless of the result unlike bookmakers they cannot care the frequency of which shipped to you. This means that if you are successful there is no danger of getting your bank account closed.

The betting exchanges are growing in importance all over the world and if you are enthusiastic about horse racing and betting then you definitely really do need to use the internet here and take a look in the exchanges, especially Betfair.

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