About
Betfair.com - P2P betting Exchange.
Exchange Betting hopes to tell you a little bit about the online phenomenon that is Betfair.com, and how they have changed the world of betting forever. Betfair is a UK betting company, and began life in June 2000. It is the largest online betting exchange in the world, and holds around 85% of this rapidly increasing market. A betting exchange is different from most other betting web sites, and does not have fixed odds. Instead, customers bet at prices that they set. This can be accomplished by using high-level technology that works in a similar way to the New York Stock Exchange. Betfair covers a variety of sports, as well as financial events, and offsets any individual bets against orders from other users.
Get the best Odds at Betfair! |
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Betfair - The advantages of a Betting Exchange.
All the bets that are on Betfair are placed by users or offered by other users. There is no bookmaker involved, and this translates to better odds. This type of betting site is known as a betting exchange, of which Betfair is the world leader.
Why use Betfair?
There are a number of great reasons why you should use Betfair, including
- You can bet that something
will or will not happen, meaning you can act as a traditional user or act like a
bookmaker
- You can choose the odds.
- You can bet whilst an event
is in progress
Back or lay
When you bet at Betfair, you either ‘back’ or ‘lay’ bets. If you
back a bet then you are betting that the selection will win, the same as you
would at a traditional bookmakers
However, when you lay a bet, you are the one who is betting
against the selection winning. For example, you might think Chelsea will not win
the Premiership, in which case you will lay odds to people who want to back
Chelsea to win. If Chelsea doesn’t win then you get the users’ stake, and if
Chelsea does win then you pay out the money at the odds you gave. In essence,
you become a bookmaker yourself.
The system is completely anonymous, and you never know whom you
are betting against, and the site is totally secure.
If you want better odds than you can currently get, then you can order new odds,
and hope that somebody will want to lay a bet at this price. The odds can change
as the market gets more and more people involved. If you want to know see
Betfair for yourself then go to
Bet Fair
Get the best Odds at Betfair!
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