Betfair

 

All bets on Betfair have been placed there by users who either want to have a bet in the normal way (back), or offer odds to other punters (lay). Bets are matched between people with opposing views.

Why use Betfair?
* You can bet that an outcome will happen (back) or that it won't happen (LAY).
* You can choose the odds you want to play at
* You can bet whilst the game is in play.

Back or lay - When you "back" a selection (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with conventional bookies.

When you "lay" it, you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Wigan, you offer odds to other punters who wish to back Wigan. If Wigan don't win, then you pick up the backer's stake. If Wigan wins, then you have to pay out. This is what bookmakers traditionally do.

Choose odds - With Betfair there is always a choice of what odds to accept. If you want better odds than are currently available, you can place an order for a better price. Don't be silly remember you have to find someone to take your bet. Check the odds before a game and you will see them change as visitors back and lay their bets. Odds often improve nearer to the off.

Commission - Commission is only paid on your net winnings on each market. Some of your bets may win, some may lose, however you only pay commission on your NET winnings. If your bets in a particular market amount to a net loss, you do not pay commission.

Betfair offer a customer incentive scheme. You can receive a discount off the standard Market Base Rate dependent on how much you bet. The more you bet, the larger the discount you receive. This is known as your Discount Rate.

Sports & More

 

The Sporting Exchange Limited is located in the United Kingdom and operates within the confines of the Betting, Gaming and Lotteries Act 1963. It holds a bookmaker's permit in England and Wales.

If you like to bet you won't find a more comprehensive list of sports and events to place your bet on. Your not restricted to the UK scene you can bet on events happening anywhere in the globe. You can bet that an outcome will happen (back) or that it won't happen (LAY).

You can choose the odds you want to play at. You can bet whilst the game is in play.
Choose odds With Betfair there is always a choice of what odds to accept.

Betfair caters for multiple languages and is a natural choice in the spread betting market for most Europeans Click to Bet Now