FREE BETTING INFORMATION

What is Betfair?

Saturday, 01 August 2020

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Betfair is an exchange, which means you are betting against other punters, not against a bookie. It is as simple as placing a fixed odds bet, you click on the current price, state how much you want to bet, and back it. They even have a Betfair SP option for those who want to bet and forget, and you get set at the SP price determined from punters on the exchange. But as you get more into it, you can set a price you want to back a horse at, and if someone else accepts that price, your bet is matched and you're set. Conversely you can also ‘lay’ a horse (e.g. act like a bookie, and take someone's bet at whatever price you like).

How is Betfair different to Corporate Bookies?

Being a betting exchange, Betfair Australia receive small commissions on winning bets. However Betfair Australia only receive commissions on winning bets made by people in Australia and New Zealand. If those punters are actually losing versus their counterparts in the UK and other countries all around the world, then the commissions are small, as the winners are betting through Betfair UK. As a result, Betfair Australia are actually incentivised to identify WINNING punters and help them win, to increase their commissions on winning bets. Hence why Betfair approached us to inform our members of their platform. It's well known in the industry that our members win handsomely, and they are the type of customers Betfair are wanting to attract.

How is Betfair's odds better than Corporate Bookies and the TAB?

A perfect example was a day at Clare (Race 2). The TABs were each betting at 118%, which essentially means they take out 18% of all funds invested, and return the rest to punters. The Corporate Bookies were betting between 114% and 120% on closing fixed prices. However Betfair's closing prices were at 101.8% before commissions, meaning only a 1.8% take out of all funds invested, light years better than the bookies and TABs. Believe it or not, the Betfair closing price was better for all 8 runners than either the Best Tote price, or the best closing fixed price of every bookie in Australia. Given this, how can you possibly not have a Betfair Account? Dean’s Tips members were advised to back a horse called Emmadee at Toowoomba. The horse won & paid $71 Best Tote, and best price was $101 with Corporate Bookies. But on Betfair the horse traded at between $430 & $560 during the last 5 mins of betting, and Betfair SP was $260. Just $10 bet on this horse on Betfair netted you up to $5,600, a $4,590 larger profit than simply backing the horse at 100/1 with the corporate bookies. There's been plenty of other Dean’s Tips winners who have paid out at huge odds on Betfair. Havana Cigar was $41-$42 with Corporates and Totes, but traded at between $50 and $80 all during the last 5 mins of betting. Balrov was $23 with Corporates and $19 Best Tote, but traded at between $80 and $120 during the last 20 mins of betting on Betfair.

The list goes on. If that's not enough, Betfair's own analysis of all Aus thoroughbred metro and provincial races over a year showed that Betfair SP outperformed Best Tote by 17%. If you haven't already, you really need to do yourself a favour and join Betfair.

 

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FREE BETTING INFORMATION

What is Betfair?

Saturday, 01 August 2020

Share post on

Betfair is an exchange, which means you are betting against other punters, not against a bookie. It is as simple as placing a fixed odds bet, you click on the current price, state how much you want to bet, and back it. They even have a Betfair SP option for those who want to bet and forget, and you get set at the SP price determined from punters on the exchange. But as you get more into it, you can set a price you want to back a horse at, and if someone else accepts that price, your bet is matched and you're set. Conversely you can also ‘lay’ a horse (e.g. act like a bookie, and take someone's bet at whatever price you like).

How is Betfair different to Corporate Bookies?

Being a betting exchange, Betfair Australia receive small commissions on winning bets. However Betfair Australia only receive commissions on winning bets made by people in Australia and New Zealand. If those punters are actually losing versus their counterparts in the UK and other countries all around the world, then the commissions are small, as the winners are betting through Betfair UK. As a result, Betfair Australia are actually incentivised to identify WINNING punters and help them win, to increase their commissions on winning bets. Hence why Betfair approached us to inform our members of their platform. It's well known in the industry that our members win handsomely, and they are the type of customers Betfair are wanting to attract.

How is Betfair's odds better than Corporate Bookies and the TAB?

A perfect example was a day at Clare (Race 2). The TABs were each betting at 118%, which essentially means they take out 18% of all funds invested, and return the rest to punters. The Corporate Bookies were betting between 114% and 120% on closing fixed prices. However Betfair's closing prices were at 101.8% before commissions, meaning only a 1.8% take out of all funds invested, light years better than the bookies and TABs. Believe it or not, the Betfair closing price was better for all 8 runners than either the Best Tote price, or the best closing fixed price of every bookie in Australia. Given this, how can you possibly not have a Betfair Account? Dean’s Tips members were advised to back a horse called Emmadee at Toowoomba. The horse won & paid $71 Best Tote, and best price was $101 with Corporate Bookies. But on Betfair the horse traded at between $430 & $560 during the last 5 mins of betting, and Betfair SP was $260. Just $10 bet on this horse on Betfair netted you up to $5,600, a $4,590 larger profit than simply backing the horse at 100/1 with the corporate bookies. There's been plenty of other Dean’s Tips winners who have paid out at huge odds on Betfair. Havana Cigar was $41-$42 with Corporates and Totes, but traded at between $50 and $80 all during the last 5 mins of betting. Balrov was $23 with Corporates and $19 Best Tote, but traded at between $80 and $120 during the last 20 mins of betting on Betfair.

The list goes on. If that's not enough, Betfair's own analysis of all Aus thoroughbred metro and provincial races over a year showed that Betfair SP outperformed Best Tote by 17%. If you haven't already, you really need to do yourself a favour and join Betfair.

 

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