Understanding the Betfair Exchange

Understanding the Betfair Exchange

In the current Australian bookmaking climate, it’s becoming increasingly difficult for punters to find an edge. The days of big time bonus bets are long gone, and promotions are often limited. Sportsbook operators are being forced to pay more in taxes and licensing for sports and racing, which has in turn squeezed odds and produced betting markets that are often unattractive for punters.

Under these conditions, it makes sense that punters should be looking no further than Betfair to maximise the returns on their betting investments.

So what makes Betfair so special?

Betfair is different to other sportsbooks that set unfavourable betting markets, and Betfair is not like betting on the Tote where operators take a percentage of revenue regardless of the result.

Betfair is a peer-to-peer betting exchange where punters frame the market themselves. You can set the odds you to want to bet, whether it’s to back a winning result or to lay against a result occuring.

Having the ability to back and lay both sides of the market is what makes Betfair truly unique. It means that punters have the ability to trade a betting market, similar to how a trader on stock exchange would operate. Instead of buying and selling shares, you are backing and laying sports or racing results. This means that if you’re shrewd enough to understand the trends of the markets, you can potentially generate a profit, regardless of the result.

While sports trading is a more advanced concept, Betfair is not just a platform for professional punters. It’s a vital tool for even the more recreational of punters.

Quite simply, the Betfair markets will quite often provide betting odds that are superior to other sportsbooks, even after accounting for their commission fee. This is because you are getting odds that are closer to true odds of an event occuring as the price is being set by other punters rather than by the sportsbooks. This means more money in your back pocket when your bet is successful.

Over the coming weeks, we’ll be providing more educational content to help both new and experienced punters to get the most of their experience on Betfair.

For now, you can read more in our Betfair Review or head to the Betfair Hub for more educational content and multimedia to help you become a winning punter on Betfair.

 

TIPS

EPL 2020-21: Matchday 11 Preview & Betting Tips

Tough week for EPL punters in Matchday 10 with a tone of unexpected results making it very hard to find winners. We now shift our attention to the upcoming Matchday 11, where we’re very confident in a couple of plays that you can find below. Good luck if following! read more

Horse Racing Tips: Friday, December 4th

The Horse follows on from a successful Thursday, with his best bets from around the country for Friday, 4 December. Today, The Horse finds his best racing tips from Mornington, Moonee Valley, Randwick Kensington and Devonport with his free previews here. read more

NFL 2020-21: Week 13 Preview & Betting Tips

It was a fantastic week in NFL betting tips last week as we went 2-1 on best bets and 10-5 overall for the round. The action continues this week as Week 13 gets underway on Monday with a great 12 game slate. See our best bets and tips for every game here. read more

Australia vs India 1st T20 Preview & Betting Tips

Australia took out the ODI series and now we move onto the three match T20 series starting on Friday! See our full preview and betting tips for the first game courtesy of our cricket expert, Jack Tobin. read more

ARTICLES

Best Australian Sports Betting Sites

The best Australian sports betting sites ensure safe and successful online betting for punters. Here's our list of the best betting options in Australia. read more


Performance Ratings & Pricing with Julian Vallance with Sportsbet

Julian Vallance from Sportsbet takes us through some of the key factors which he uses with pricing upcoming horse races such as performance ratings. Check out his video from Sportsbet here. read more


What is Over-Round and How do Sportsbooks Make Money?

Over-Round is an important concept for both punters and sportsbooks. It's how Australian sportsbooks make money! All punters should understand over-round, how to spot it, and how to find better value on the Betfair Exchange. read more


Betfair Commissions and Charges

Ever wondered why you can get such great odds at Betfair in comparison to other online bookmakers? We break down why that is the case and why Betfair isn't just for professional punters here read more


BLOGS

Top 5 Bowlers to Watch in BBL10

The countdown is on until the BBL10 season officially gets underway! We ranked our BBL10 top 5 batsmen to watch earlier in the week, and today we are doing the same for bowlers! Check out our BBL10 top 5 bowlers to watch, courtesy of Mr.Cricket, here. read more


BBL10 Teams: Predicted Starting Lineups

The BBL10 squads are pretty much finalised and the season is not far away! We've taken a look at the squads for each team, and put together our predicted starting lineups taking into consideration availability of Australian national players and the playing schedule of the international recruits. Check out our BBL10 team lineups here! read more


Top 5 Batsmen to Watch in BBL10

The Big Bash League season is just around the corner! In the lead up to BBL10, we will be taking a look at some of the key players who will be hoping to lead their teams to victory! Today, we go through the top five batsmen to watch in BBL10 read more


Top 3 Melbourne Cup Price Push Plays from Palmerbet

The team at Palmerbet take a look at three key chances for the 2020 Melbourne Cup as punters look to take advantage of the Palmerbet Price Push among 10+ other promos available for Palmerbet customers for the "Race That Stops The Nation" on Tuesday. read more


Ladbrokes