Betfair Odds – Sports Betting

Betfair a lot of time claim that they have the highest odds around. Is that true and how is that possible? I will explain…it’s just the basic principle.

When it comes to calculating odds the basic stuff is Payout. Simple example#1: Two way market odds 1,9 and 1,9 if there is 100Pounds on 1 and 100Pounds on 2 – the payout is 190Eur and stakes were 200Euros. This is a payout of 95%. For highest payouts are usually known Asian bookies, betting exchanges and from classical betting offices for example Pinnacle.

Two way outcome markets

Betting exchanges works in different way. You dont bet against them. In the first example it’s clear that the profit for bookies are 10Eur. But in Betfair it is different. You bet against other users and they dont need this kind of profit. They take their profit from the winning one. If the first outcome was correct they will take from the winning 90Eur for example 90Cents(this number depends on market, betfair holidays, betfair points and other stuff).

So Betfair does not limit tipsters when it comes to offering odds and therefor there is the possibility of having higher odds for different markets. Of course, the payout is never higher then 100%, otherwise you can bet all of the outcomes and you are still a winner. For example if the odds were 2,05 against 2,05, you can bet 100Pounds on both of the outcomes and no matter what the result is, you won 5 Pounds. This is also the principle of Green Books for which Betfair is awesome.

Odds on Betfair are really higher, when it comes to payout. But it forbids you from betting multiples and if you bet 100Pounds on 1,9 in Bwin you can win 90Pounds. If you bet 100Pounds on 1,9 in Betfair you can win 89Pounds. But the odd wont be 1,9, but 1,95

Good luck with your bets!

Betfair Exchange Games

Betfair offers something unique here. These Betfair Exchange games allows you to bet on results of Poker, BlackJack, Baccart, Hi-Lo and some kind of Derby Racing. Both in standard and turbo way. I remember the first one being Hold’Em, I played it long time ago, I think there was only the standard version offered.

Most of the people will tell you that BetFair Exchange Games are something you really can not win anything at. Well they are wrong. I personally played Hold’em exchange game several times and I made a good profit. And as a proof I recorded a short video. Youtube allows you to record only 10 minutes of video what kind of limited me, but here it goes.

I deposit only 30Eur to Betfair wallet for Games and made it 60Eur in less then 10 minutes. So, the deposit is dobuled. I would love to play longer and make it 100 for example and show you also various other techniques of how to make some profit there, but Youtube limited me a bit.

In the video I also show how easy it is to make green books even here in Exchange Games - stuff I written in the last article. There are more ways of playing this – also you can play much safer with different capital and you can go for sure wins when it is possible. Or you can not. I showed both examples on the video. Try it, those games are really worth it.

Green book – Betfair – Guide

When it comes to Betfair – one of the biggest benefit people choose Betfair for is possibility of trading. In other words, you can very easily create green book on any market or so called – sure bet.

What is sure win in betting? Well, lets make an easy example – there is a match with two outcomes. For example a tennis match between Federer and Nadal. Federer is a fauvorite there with odd 1.8(decimal). You can bet Nadal with 2.1. You believe that Nadal is the one who is going to win so you place a 100 Pounds bet on Nadal, so you can win 110GBP. Later some info comes out – for example that Federer has some health condition. Most people think:”Hmm, so he probably wont win,” and the odds on Federer goes up to lets say 2.1. That means now if you bet 100Pounds on Federer you can win 110GPB. So, now if Federer win you won 110GBP and lost 100GBP for your bet on Nadal. If Nadal wins, you got 110GBP and lost 100GBP for your bet on Federer. Either way you won 10GBP. That’s a sure win.

Second example of green book

: Well let’s go a bit further. We can create sure bets also on live betting. Easily. Let’s still go with a two way market – market with two possible outcomes. Match between Chelsea and Real Madrid – Championsh league. The market will be Over/Under 1.5 goals. Well, its an important and attractive match of two attack-based teams, so people will expect that many goals will be scored. So lets say the odds for Over 1.5  is 1,4(decimal) and Under 1.5 is 3. We believe that these teams will be afraid to play open soccer so we place a bet on Under – 100 Pounds, so we can win 200Pounds. The match is played and after 30 minutes, what is one third of the game, the score is stil 0-0. Now more people believe there wont really be many goals in this match. So the odds are following – 1,95 on Over 1,5 and 2.01 on Under 1,5. We can now bet Over at 1,95 for 150Pounds.

If the result is Over 1,5: Winnings are 142,5GPB and lost from Under 1,5 is 100GBP = +42,5GBP

If the result is Under 1,5: Winnigs are 200GBP from the bet and the lost from Over 1,5 is 100GBP = +100GBP.

It may sounds complicated – but it is absolutely not. We simply bet on one outcome and when the situation is different, we bet on the other outcome – or simply lay that one and we got sure win or so called green book.

And here we go, I said lay. When we speak about sure bets and green books, Betfair go further. Betfair is a betting exchange. You can read more about principles of betting exchange in this BBC article. The basic principle is that you can bet/back one outcome when you want to place a bet on it or you can lay that outcome if you want to place a bet against it. If you lay an outcome, all of the other outcomes are winning for you. And that’s huge.

Betfair what-if figure - lay

Let’s imagine a market with more possible outcomes.

For example an F1 race. Hamilton earned pole position so he is the favuvorite. The odd is 2 for his win. So we lay this odd for let’s say 100 Pounds. This way we actually offered Betfair users to place a bet – back on Hamilton for 100 Pounds(or part of it) with odd 2(decimal). So if he stakes 100Pounds and Hamilton wins, we have to give him 100Pounds. But if someone else is going to win the race – he has to give us 100 Pounds.  The race starts and Hamilton screws the start. He is sixth. The odd immediately changed – right now there is odd 3 for Hamilton. So we back this stake right now for 80Pounds. So the possible outcomes are following:

If Hamilton wins – we won the bet 80Pounds with odd 3 on him so we win 160Pounds. We offered to other guy, by the lay we placed, 100Pounds win if Hamilton wins. So we got 60Pounds of winnings.

If other driver wins - we lost our 80 Pounds bet on Hamilton, but we won 100Pounds from the lay we offered. So we got 20Pounds of winnings.

And that’s a green book – you win no matter what outcome occurs.

Few more tips for working on green books in Betfair:

1/Tick all of the options when it comes to market. “Display “what if” figure” will show you, how much will you win or lose if you place this bet. “Show Profit and Loss” will show you how much are you winning or losing right now.

2/When betting on live betting, watch the match also on Bwin live betting for example. They many times provide you with exact time of the match and you can also see some odd movements there.

3/Do not fall for your emotions. This is what differenciate amateurs and pro-s. If you lost, dont bet all of your money on one market immediately. Think before you bet. Dont bet for too long, take a break. Open a windows so you have some fresh air, have a glass of water. Have a mobile next to you, so something can interupt you and get you back to reality.

Betfair – The betting exchange – review

Betfair Logo

Betfair is currently the biggest betting exchange in the world. It was founded in 2000 in UK and today serves more then 3 millions of registred customers. Betfair as we know it today is not just the biggest betting exchange in the world, but also the biggest betting company in UK.

Sports betting

When it comes to sports betting, Betfair currently offers many times the best limits around. Liquidity is provided by tipsters themselve and there are actually no limits of how much you can stake if there is an offer from somebody else. And having in mind Betfair’s 3 millions – You can bet that there is somebody offering Betfair is not offering such a wide range of betting opportunities as Bwin for example, to make sure there is some offer on every market that they offer. When you learn more about trading, value betting, sure bets and other concepts, you will understand why there is enough offer also on not attractive sports betting events.

Betfair already serves also those, who want to try multiple bets. Then you have to bear in mind that the odds are different and this kind of betting is offered under another tab in the menu.

Casino

Betfair started in 2006 a casino called Zero Launge with title where the house has no edge. For many people trying different casino techniques and experiments was this casino revolutionary. I will mention just the roullete with no zero. Therefor – there is higher chance of you winning. When you stake in normal roullete (with the presence of zero) on black you have 48.5% chance of winning. Here you have 50%! The number seems small, but mathematically it is very important. Also practicly – it means you are going to statistically win from 100 games – three more games than in normal roullete.

Poker

New poker system was introduced in Betfair just short time ago. It for example offered Mac OS X version of Betfair Poker. Betfair Poker is a good, safe and working system with many tournamets, free-rolls and special events. You can find whatever you are looking for. When it comes to poker in BF – it is very good also in a different way – a lot of players there are so called “noob”. They are very good in sports betting and some of the money they win there, they take into poker, what makes it easier for you to win more.

Exchange games

This is something you wont find anywhere else. Betfair created a solution where you can bet on various games like Holdem, Hi-Lo and many others. Or to be exact – not just bet, but trade. There will be more articles about Betfair Exchange games on this web, because I made some really good money there and I definately dont want you to miss that opportunity.

When it comes to some good resources – BBC wrote an interesting article on how betting exchanges work. If you want to know more about Betfair – visit BF.