Who are Betfair?
Betfair – the leading sports betting exchange – has revolutionised the betting industry. The company has over a million customers worldwide and, unlike traditional bookmakers, the odds for all sporting events are set by Betfair users.
You can also choose to ‘lay’ a horse or team as well as backing your chosen selection.
Betfair offers some of the best odds available for racing and sporting events and, odds are up to 20% better than the Australian TAB.
Top Five Benefits:
• Choose whether to back your selection or whether to ‘lay’ it on any sports event
• Racing Zone provides Betfair back and lay odds alongside NSW TAB, SuperTab and Unitab markets which is useful for comparing comparative prices
• On average, odds are 20% better than those offered by the Australian TAB
• Trade your bets so you profit no matter which of your bets wins
• Quick bet settlement
Betting with Betfair
Some of the more popular betting types at Betfair:
• BSP Price – A fixed price taken at the time of placing your bet
• Places – back or lay a horse to be placed in a certain race
• Back and lay - Betfair allows you to back your selection to win in the normal manner or you can do the opposite and lay your selection to lose. As you can either back or lay a selection you benefit from the additional option of being able to trade your position and lay your bet back if it looks the likely winner, to guarantee yourself a profit
• In-running – you can place bets during horse races, right up until the final seconds