01 Getting started 
What is Betfair?
Betfair Education / 24 January 2008 / Leave a comment
In the UK, Betfair provides a betting exchange, quite different to a traditional bookmaker. A betting exchange is essentially a stock market platform taken across to betting on racing and sport....Read more »
Betfair gives better odds, why?
Betfair Education / 23 January 2008 / Leave a comment
Betfair gives 20% better odds on average due to competition and lower margins. Competition in any walk of life leads to a better deal, Betfair is extremely competitive....Read more »
What is backing and laying?
Betfair Education / 22 January 2008 / 2 Comments
On Betfair you can back and lay. To 'back' a selection means you think it will happen, like you'd do at a traditional bookie. Or you can take the opposing viewpoint and 'lay' if you think your selection will not...Read more »
Betfair use decimal odds, what are these?
Betfair Education / 21 January 2008 / 3 Comments
Decimals are a simpler way of working out the odds and don't give you a headache every time you want to place a bet. Do you know the difference between 8/13 and 4/7? No? Well, not many people do. But...Read more »
On Betfair you can bet in-play. What is this?
Betfair Education / 20 January 2008 / Leave a comment
Betting in-play is exactly what it says: betting while an event is going on. More live sport on TV every year means this is very popular....Read more »
The ability to trade
Betfair Education / 19 January 2008 / Leave a comment
Betfair gives you the ability to trade. Trading is trying to lower your risk and ensure a profit, irrespective of the final result. Have you ever backed a football team who take the lead, but are looking like they might...Read more »
Range of Markets
Betfair Education / 18 January 2008 / Leave a comment
Betfair has a vast array of markets to bet on, these range from horse racing and football to Specials such as Big Brother and the Eurovision Song Contest. Each market is unique....Read more »
