01 Getting started / 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.

At any given moment thousands of people worldwide are competing against each other to offer better odds on their opinion in order to have a bet. This often means the odds are better than those set by a traditional bookie. Advertise a poor price on the site and it is unlikely that your bet will be matched as somebody will see the value in improving the offer.

Another reason for better odds is because the bookmaker is taken out of the equation. You are not subject to their five, 10, 20 or even 50% margins. The value will shine through more on markets with more selections - racing, football premierships, golf tournaments etc, where bookies traditionally make their 'bread and butter'.