Bet on Betfair to increase your winnings!
Betfair is one of the leading Internet Betting Exchanges. What is a betting exchange? A website where punters meet to exchange bets. On Betfair, you are not betting against the Bookmaker but against other punters whose predictions are different from yours.
Betfair acts as an intermediary which will give you a completely new betting experience. Here, we shall give you a preview of the countless betting possibilities on Betfair. But first and foremost, let's find out more about the principle behind Betting Exchanges.
Winning with the best odds
When bookmakers set the odds, they are also taking a risk: if the odds are too high, they will lose money. To compensate for this and remain profitable, bookmakers charge around 10% commission on all your bets. This is known as the bookmaker's margin.
However with Betfair, it's the punters who sets the odds, so Betfair cannot lose because the website charges 5% commission on the punters' winnings.
There's no disputing the outcome: 10% one side against 5% on the other. Betting on Betfair gives you a chance of pocketing winnings that are on average 5% higher! And that doesn't include the Betfair bonus. And finally, because Betfair takes no risks, there's no limit on how much you can bet.
Betting Exchange: Step into the bookmaker's shoes and offer bets
Betfair allows punters to bet against each other. For this exchange to work, punters must offer bets and odds. This is the principle of the "selling" of bets, otherwise known as "laying".
The principle is simple: if you think that Liverpool will not win, you "sell" Liverpool's win. You offer Betfair's other punters the opportunity to bet on a win for Liverpool at the odds that you have set. You are thus stepping into the bookmaker's shoes. If Liverpool wins, you must pay the winnings of punters that have bet against you. If Liverpool loses, you keep the stakes.
Want to find out more? Consult our special article devoted to the selling of bets on Betfair.
Trading on Betfair: Pocket a big win with live betting
The ability to "buy" and "sell" bets offers you totally new betting experience, this being trading on live matches.
Let's look at a simple trade on the stock exchange? The trader buys shares at the lowest price and seeks to sell them at the highest price. On Betfair, the principle is the same, but in reverse. The Betfair trader buys odds at the highest level and seeks to sell them on again at the lowest. The profit is made on the difference in odds between the purchase and the sale.
Curious? Check out Herve's exclusive interview, a talented trader on Betfair who gives detailed examples of trading on Betfair.
Secure your winnings with Betfair!
How many times have you thought that you've won a bet, only to find out your hopes have been dashed in injury timeâ¦ Luckily, thanks to Betfair, this misfortune need never happen again! Betfair allows you to secure your winnings by placing a live bet that runs counter to your initial bet.
Here's an example: You bet on Arsenal before the match at odds of 1.80. It's now 75 minutes into the match and Arsenal is winning 1-0. You know the London club is struggling in the last 15 mins of the game and you can't help but nervously bite your nails... So you decide to stop stressing and sell your bet at odds of 1.15 on Betfair. What a relief! If Arsenal wins, you'll win a little less (the insurance feeÂ that you've taken out) but if the opposing team equalises, you'll lose nothing and could even win!
advantage of the Betfair offer? Your £30 free bet, which our team has negotiated for you so can start to discover a new way of betting with Betfair!