Find out everything you need to know about Line Markets on Betfair - a fun and flexible way to bet that's popular with cricket punters but is due to be expanded to more sports...
What are they?
Line Markets are a different type of market from Betfair that allow you to bet on whether a total within an event will be above or below a specific amount.
With the new ability we have at Betfair, the total of what and when will depend on what sport you are betting on. So that might be Total Points scored in an NFL match, Total Rebounds in the 1st Quarter of an NBA match or, Total Tries in a Rugby match.
How do they work?
The odds for Line Markets are always fixed at 2.0 (evens); so rather than the price changing the line at which your bet wins or loses changes. And rather than backing or laying - you select either under (sell) or over (buy). You can always tell when you are betting on an under/over market as the boxes are coloured green and not the traditional blue or pink.
So if you bet £10 on Under 34.5 Points for an NFL match, you win if 34 or fewer points are scored. Your payout on this bet would be £10 x 2.0 = £20.
As with normal odds betting on the Exchange, you can also offer a line into the market and have your bet unmatched.
Where are they available?
Line Markets betting is available across both desktop and mobile - with new profit and loss tables also available cross all platforms.
What sports are they available on?
Line Markets exist on Cricket already - but our newest focus is on American Football with the 2021 -22 season firmly in our sights.
We also have the capacity to activate these markets across any sport there is interest, so continue to watch this space. Line Markets will always work the same way just make sure to pay attention to the line and unit you are betting on.
Why should I use them?
Line Markets are ideally suited for events that are high scoring and where the potential outcome moves quickly.
In contrast to previous totals markets where a changing outcome made it hard to focus on a single line - Line Markets allow you to respond to changing events without having to move to a different market.
As part of our recent releases we have also launched profit and loss tables for Line Markets. This allows to you to keep a close eye on where your winning or losing line is and what the outcome will be at this point.
What types of Line Market are there?
For now - alongside existing Cricket run Line Markets - we will focus on Total Points Line Markets in American Football matches.
However, just as we have the capacity to switch this on for different sports, we can also create Line Markets for different units and intervals.
Line Markets - FAQs
What sports will I find these markets on?
Initially we'll be offering these markets on NFL matches for the upcoming 2021-22 season but expect to expand to other sports in the coming months.
When will the market be settled?
These markets will be settled when the specified time period is completed and at no time before.
Can I Cash Out on these markets?
At the moment we have no plans to release Cash Out functionality on Line Markets.
Do Line Markets have something comparable to Best Price Execution?
Yes - if you're betting on over 33.5 points and then over 31.5 points becomes available your bet will be placed on over 31.5 points.