Betfair Betting Exchange
All bets on Betfair have been placed there by users who either want to have a bet in the normal way (back), or offer odds to other punters (lay).
Betting exchange bets are matched between people with opposing views.
When you "back" a selection on the betting excahge (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with conventional bookies.
When you "lay" it, you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd don't win, then you pick up the backer's stake. If Man Utd wins, then you pay out. This is what bookies traditionally do. www.betfair.com
Bet on a wide range of sports at Betfair betting exchange including:
Horse Racing, American Football, Athletics, Football, Snooker, Cricket, Greyhound Racing, Tennis, Baseball, Golf Darts, Basketball, Formula One, Cycling, Rallying, Rugby, Boxing, Winter Sports, Finacial Bets, Politics, & Special Bets. (see www.betfair.com for more details).
Bet types available at Betfair
There are many different types of bets available on Betfair, here is a selection of the most popular and common bet types you are likely to come across. : Match Odds, Asian Handicaps, Over/Under, Half Time/Full Time, Total Goals, How Many Corners, Half Time Result, Correct Score, Outright Markets, Win Markets, Place Markets, Each Way Markets, Two-Ball or Three-Ball Markets, In-Running Markets, Multiples. (see betfair betting exchange for more details).
Latest Betfair Bonus
£ (see www.betfair.com for more details)
New Customers Only. 18+. T&Cs Apply