One of the benefits of a Betfair account is the ability to pick and choose your odds on a variety of fixed priced markets. Placing bets against fellow punters for a small commission allows you to negotiate the best odds, unlike the TAB who take a set percentage from the total pool and punters get to share what's left. Betfair is a much better option for punters than the TAB.

Betfair or TAB?
Betfair regularly offer better odds than the best price available from the Australian TAB. If you bet on horse racing then you simply must have a Betfair account or you are losing money even when you win.

Check out the difference Betfair and the TAB on the below feature races held during the 2010 Melbourne spring racing carnival and you will see how much better the prices were in favour of Betfair compared to the TAB. Punters who continue to bet on the TAB are losing money even when they win, as can be evidenced below.

Visit our Betfair vs Tab page if you need further proof.

Betfair allows you to sign up for free to have a look around and you can join Betfair here using promo code FBR642 and be receiving the very best odds in a matter of minutes. There is no need to accept poor value from the TAB any more when you can get so much better!

Betfair puts the punter in control of his betting because he has the choice to back a horse to win or lay it to lose against fellow punters at fixed priced odds on every market. Betfair also has a Tote service which is aligned with TOTE Tasmania.

Betfair Back, Lay & Trade bet types
Backing a selection on Betfair is much like having a bet at the TAB except you are placing your bet against another person's opinion rather than placing it in the pool of a Tote. Fixed odds betting applies to all Betfair markets, unlike the TAB

Laying a selection means you backing the horse to lose rather than win and you are taking the opposite of a back bet. The amount of money you stakes is the backer’s amount you are prepared to accept at the desired odds, not the amount of money you’re prepared to risk.

Trading your selections at Betfair guarantees you a profit before a race has taken place. Prices constantly change on Betfair, which means you can guarantee a winning position by backing a selection at high odds, then laying it at low odds, or vice-versa.

Betfair in-Play Betting
In-Play Betting at Betfair allows punters the chance to snare those opportunities when the odds fluctuate rapidly during the course of a live event.

Horse Racing can be very unpredictable at times and clever punters can experience some top returns on investment with in-play betting.

Betfair Owners Club
Back your horse or greyhound with Betfair and when it wins you’ll receive a 20% bonus on top of your winnings. Now that’s owning as it should be!

Betfair Multiple Betting
Multiple Betting is available at Betfair, also known as accumulator betting, where you can combine a number of selections from different markets into one bet. Betfair allows multiples of between 2 and 8 legs. The odds are calculated by multiplying the odds for each leg together.

Betfair Tote
Betfair has a Tote service through its Primitively agreement with TOTE Tasmania and offers Win, Place, Quinella, Exacta, Double, Trifecta and Quadrella betting.

Tasmania is a member of the SuperTAB pool which combines bets from Tabcorp (Victoria), Racing and Wagering Western Australia, ACT Tab, and TOTE Tasmania.

Betfair Fair Price
Betfair launched Fair Price in August 2010 to its range of products on Australian racing markets.

What is Fair Price?
Fair Price comprises of two new individual product offerings: Fair Div and Fair Fluc.

Fair Div gives you the best odds among the three Australian totes for win, place and eachway bets while Fair Fluc pays the best of the broadcast odds from the on-course bookmakers.

Racing Zone at Betfair
One of the top benefits of having a Betfair account is you get access to their Racing Zone interactive tool for punters, where you can compare Betfair back & lay odds directly against the 3 Australian Tabs, to find the best price available at the time.

Racing Zone is an interactive tool that lets you customise the preferences so it is tailored to your personal needs. Racing Zone also provides race results, form guides, scratchings, search ability and more. Everything a punter needs at the click of a mouse.

Betfair certainly puts you in control of your betting and all punters should have an account at the world's biggest betting exchange to ensure the best odds when placing a bet.