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Betfair
brings you large selection of sports betting
with improved interesting elements like
odds, line or range betting.
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).
Bets are matched between people with
opposing views.
Differences
between betting with Betfair vs. a conventional
bookmaker:
-
You
can back or lay a bet.
-
You
can choose the odds you want to
play at
- Commission
and Tax.
- You
can bet whilst the game is in play.
Back
or lay
When you "back"
a selection (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
win, then you pay out. This is what bookmakers
traditionally do.
Choose
odds
With Betfair
there is always a choice of what odds to
accept. If you want better odds than are
currently available, you can place an order
for a better price, but be realistic because
there has to be somebody prepared to lay
the bet at those odds, and vice versa.
Take
a look at the odds before a game and you
will see them change as visitors back and
lay their bets. The odds often improve nearer
to the off, as there are more people in
the market.
Deposit
money
All the major credit cards
accepted as well as cheques or sending Electronic
Bank Transfer.
Betfair wins Queen's Award
Betfair
is proud to announce that it has won a Queen's
Award for Enterprise, in the Innovation category,
for 2003. The award is the latest and most significant
endorsement the company has received, and will
allow Betfair to carry the Queen's Award emblem
on its site for the next five years. A Queen's
Award is given (as its name suggests) by the
Queen, on the recommendation of the Prime Minister,
and following a full assessment by the Department
of Trade and Industry.
About
Betfair
is the trading name of The Sporting Exchange
Ltd.
The Sporting Exchange Limited was
founded in August 1999 by Andrew Black and
Edward Wray in order to commercialise proprietary
betting technology that had been under development
for the preceding year.
The Sporting
Exchange Limited is located in the United
Kingdom and operates within the confines
of the Betting, Gaming and Lotteries Act
1963. It holds a bookmaker's permit in England
and Wales. |
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