Bet Fair - BetFair

At Bet fair there is no bookmaker. All betting at Bet fair is placed there by users who are either betting in the normal way (back), or offer odds to other punters (lay). BetFair makes a match between people with opposing views. There are several key differences between them and a regular bookmaker. You can either back or lay a bet and choose the odds you want to bet at. You can also bet whilst the game is in play.

When you "back" a selection be that be an individual, a team, horse, dog or etc you are betting that it will win. This is just like betting with traditional book makers. When you "lay" you are betting against something winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Arsenal, you offer odds to other punters who wish to back Arsenal. If Arsenal don't win you pick up the backer's stake. If Arsenal win then you pay out, this is what bookmakers traditionally do.

You never know who you are betting against, your privacy and confidentiality is maintained by Betfair's secure site. With Betfair there is always a choice of what odds to accept. If you want better odds than are currently available, you can place an order for a better price, but be realistic because there has to be somebody prepared to lay at those odds, and vice versa. Take a look at the odds before a game and you will see them change as visitors back and lay their bets. The odds often improve nearer to the off, as there are more people in the market.

You do not pay tax at Betfair, and commission is only paid on your net winnings on each market. This is particularly beneficial if you have multiple items on a single market such as the Premiership winner market. Some may win, some may lose, however you only pay commission on your NET winnings. If your bets in a particular market amount to a net loss, you do not pay commission. They offer a customer incentive scheme. Your Commission rate is set according to how much you use Betfair. To visit their website click on the banner below :

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