It is fairly probable that you have previously discovered Betfair? Nowadays it is the leading betting exchange in the world, having gradually grown since 2000 when it first established in the relatively early days of the World Wide Web.
At the time it totally changed the world of online betting by providing options that were formerly never available to the betting public. Originally just a sports betting exchange, Betfair has since advanced to offer casino and gaming in addition to improving its array of sports betting markets and options.
What is the key difference between Betfair and the conventional bookmakers?
Well before Betfair emerged, being in a position to set the odds was the absolute reserve of the bookie. Until Betfair came around, the odds were set, and you accepted them if you wanted to bet on something to win.
The opportunity to play bookmaker is what makes Betfair entirely distinctive, all of a sudden you can bet on selections to lose. To confirm, laying a selection is identical to betting on it to lose.
It is the ability to place bets to lose on Betfair that entirely changes the betting field, it allows for superior strategies such as those used in the financial arena. A future article will focus on these in additional detail.
Using a Betfair free bet to get going with exchange betting.
The logical way to ease yourself into exchange betting is by way of a free bet offer, generally offered to new customers. This is where new clients will be offered a free bet to enable them get started using their new account. Normally you will find that once you have made a deposit, Betfair will match this with a free bet up to a maximum amount. At the time of posting, with Betfair this is presently £30, which is more than adequate to help you get going.
Where to get started? Perhaps there is a specific sport you relish and like to bet on, the odds are that Betfair will cover the event. Choosing the case of a Premier League football match, there are usually in excess of 45 diverse markets. Possibly to start with, it is best to use one of the more common markets, such as the “match odds,” i.e. choose the winning team?
Right after the creation of a new account at Betfair, the suggestion would be to use the preliminary tutorials. Do not forget that at any time you can also have a look at the thorough help and support section, which clarifies everything from the principles right through to the more sophisticated features.
So its the time to get stuck in, practise makes perfect. So the main suggestion here is that you get stuck in and see for your self how it operates, but to begin with, do this with the lowest possible stake of £2. This will ensure you don’t squander your free bet finding out how things work. Once you have placed a bet, pay attention to the P/L (profit/loss) indicator, which quickly shows you your situation in the market. You can see at a glimpse what you will win or lose for each available result.
