In a nutshell
The Betfair Exchange is simple to use but the range of options you can choose means it can look complicated at first. Knowing your way around the Exchange is the way to unlocking its potential.
How does it work?
The Exchange is the home of in-play betting. It's where you can bet on events while they're taking place. That includes lay betting - betting against an outcome - but, if you're using the Exchange app, you'll need to switch to landscape view to be able to see the in-play lay betting odds.
If you ever get lost on the Exchange just click Home and you'll return to where you started. In the meantime, here are some key links you might want to follow from the Home page.
Click into 'Today's Card' for time and venue of all the forthcoming races, and how long left until they go to post. Click the name of the race (eg. "14:00 Ayr") to see the market where the latest back and lay odds will be displayed.
Choose which markets you want to see by clicking on the A-Z Menu. Here you'll find every sport you can bet on from American football to Tennis in alphabetical order. In fact, you'll find more than sports on this list of links, with politics, special bets and much more displayed here.
If you know exactly what you want to bet on - horse/football team/basketball player/whatever! - then the easiest way to find your bet is to use the search facility. Located at the top of the screen for both desktop and mobile sites, all you have to do is click into the box, enter your search term and you will be presented with all relevant betting markets. The search facility can handle minor misspellings so if you type Aguoro instead of Aguero we'll still know who you're searching for.
Click this link and the list of in-play events will appear in the centre of the screen categorised by sports. Click on an event to see its full range of markets.
Click on Cash Out to find out how you even have even more control over your bets, by locking in profits and cut losses in-play.
This will include highlights of the sporting calendar - Wimbledon or the Tour de France in summer, for example - while other events, such as the Champions League, will almost always be listed. Click on the event to see the range of markets available.
If you think a football team's odds are too short and are prone to a slow start, ask for a bigger price and wait for a fellow bettor to take you on once the game is underway.