 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 Mulitple 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 Pari-Mutuel 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.
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.
Betfair $50 First Bet Refund
Horse Racing Info and Betfair have a wonderful partnership and and this has enabled us to offer our readers a $50 First Bet Refund. Open a new Betfair account using our promo code FBR247 then place an initial first bet of $50 and if your bet loses then Betfair will give you your money back. How easy's that?
Click on the above banner to join Betfair today! $50 First Bet Refund details
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Betfair is a Betting Exchange! Betfair operate differently than your normal bookmaker as they are a betting exchange, not a bookmaker, which means punters can back or lay their selections on how an event will pan out, against fellow punters around the world. Betfair prices often equates to better value odds than a traditional bookmaker.
We 'highly recommend' Betfair for betting on horse racing!
One of the benefits of a Betfair account is the ability to pick and choose your odds on a variety of markets with fixed price betting for all, unlike the TAB. 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.