Betfair Offer Better Odds Than Traditional Bookies

Chapter 3. Backing A Selection

Placing a bet on Betfair is backing a selection to win against fellow punters not bookie like it is at the TAB. You will have options and you will select the odds you want to bet at. In online Betfair the fixed odds betting applies to all Betfair markets that is contrary to the conventional bookmakers or TAB

How to back a selection

1. Search your market
At the left-hand side of the Betfair sports homepage, there are all betting markets listed in the menu and the most popular markets are in the middle of the page. Click on the market you want to bet on, and then follow the links appropriately to the relevant event. The middle page has the most current and popular sports.

2. Get your selection
The selection page appears like below:

Back a selection with betfair

The market you choose, its selection will appear like above with available selection options listed on the page to back or lay a bet. There is a blue column and pink columns. Backing a bet is on the blue column to the left that has several selections where the punter selects one box he is interested on. In the box, the bold number on top represents the best odds available and the bottom number in dollars shows the maximum amount of money or stakes that can be bet on that selection at that price at that particular point in time – Bonus Bets

3. Select your selection and place your stake
Click on the blue box you are interested in, your bet appears on the right-hand side of the page in the place bets section. Click on your stake box in the place bets section and enter your betting stakes i.e. the amount of money you want to bet on this selection bearing in mind the maximum stakes for the selection and making sure your account has enough funds to bet. In case your selection is successful, the amount of money you will win appears on the profit section showing the amount less your stake.

4. Submit your bet
You will submit your bet if you are sure of your selection at the bottom of the right-hand side of the page. It is not definite that your selection will be successful and therefore the liability on the bet is listed above the submit button clearly

5. Confirm your bet
A confirmation screen appears on the right-hand side of the page with details of your bet selection. The page will be available when the bet is active and you will click yes at the bottom of the page. Check the confirmation to be sure your bet has been placed

Betting Example of backing a selection

In the third test of at the SCG, the punter will think the Aussies have a great chance of winning. The odds quoted by Betfair online are better compared to the local TAB at $1.44 to $1.30; hence, you will take the Betfair odds. Your stake is $100, Australia wins the third test, your return is $1.44, and you make a profit of $44 less the commission charged by Betfair plus your original stake of $100. The returns are higher compared if you had used the local TAB.

Chapter 4. Laying A Selection


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