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 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 has a Tote service through its Primitively agreement with TOTE Tasmania and offers Win,
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.
Join the smart punters at Betfair
Horse Racing Info highly recommends an account at Betfair because you can back or lay your horses at the exact odds you want. Punting doesn't get much better than that!
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