So what will you bet on via the Betfair Exchange at the new minimum stake?
To provide some inspiration we asked the Betting.Betfair team to recommend a £1 wager each. Here's what they came up with...
Mike says: "A former Triumph Hurdle winner owned by Gigginstown Stud and trained by Gordon Elliott, stepped massively up in trip with a tilt at the Grand National in mind. A prep run in the Cross Country Chase at Cheltenham. Sound familiar?
"Yes, you'd be forgiven for thinking I'm reminiscing about Tiger Roll here. But I'm not. The horse in question is Farclas who has a remarkably similar profile to the two-time Grand National winner and who looks set to run another massive race in this year's Grand National should he get there in fine fettle.
Joe says: "Last year wasn't the finest in Justin Rose's long and storied career but rifle through the returns of an admittedly sparse schedule from late summer on and there's enough to justify a quid at 75.074/1 in the Masters betting.
"A tie for sixth at Torrey Pines is a nice pointer given the strength of that field and there are a few other top 10 finishes from Wentworth onwards to add further encouragement. We know Rose loves Augusta, and we know Augusta rewards those who know its intricacies. That price could look massive come Thursday at the year's first Major and positively enormous come Sunday."
Dan says: "It's not often you'll get the chance to back the current European champions to win the next major trophy at a chunky double figure price, so my £1 stake has to go on Italy to pick up the World Cup.
"Of course, a major reason for the inflated odds is that they face two play-off games to even make it to Qatar, but they have a kind semi-final draw in North Macedonia and, while likely final opponents Portugal will provide a stiff test, the Azzurri will likely go off as favourites for that one as well.
"After such an impressive Euros campaign, Roberto Mancini's men stumbled in their qualification group, with a lack of goal threat the major issue. But they remain defensively sound and that's still the key to tournament football - I'm happy to take the early value at 18.017/1 and watch that price contract when they qualfy."
Nathan says: "It may appear as though I'm siding with a nation purely because of Lionel Messi, but I'll try and convince you otherwise. At the time of writing, Argentina are currently on a 30 match unbeaten run and have managed to stay within reach of Brazil during their World Cup qualifying campaign.
"The recent Copa America winners have been showing a more ruthless edge in the past 18 months, something potentially missing in recent years."With a trio of Martinez's running through the spine of their starting XI: Aston Villa's Emiliano Martinez, Ajax's Lisandro Martinez and Inter's Lautaro Martinez - it's safe to say they are a strong unit, who aren't heavily relying on Lionel Messi - although his presence does help.
"Adding in the flare of Angel Di Maria, Le Celso and Lucas Ocampos, they have a squad offering plenty in the final third.
"Currently double the price of Brazil, it seems reasonable to take a chance on a nation which are currently overpriced."
Prices quoted in copy are correct at time of publication but liable to change.
