In our recent educational articles we explained how the Betfair Exchange works and the differences between back and lay betting. One of the common misconceptions with Betfair is that it’s only for professional punters. That’s simply, not the case. Betfair is perfect for casual punters as well, and one of the reasons is the better odds you will often receive compared to the bookies.
Because Betfair is a peer-to-peer betting exchange, you are getting true odds that are set by fellow punters, not the odds that a sportsbooks dictates. Even the best Australian sportsbooks need to factor in extra margins into their prices to pay for their own expenses such as fees, taxes and other operating costs. It may not always appear obvious to casual punters, but you can compare the price of any sporting event to the price you get on Betfair to get a good indicator of whether you’re getting a good price or not.
Betfair charge a commission for every transaction, so it’s important to understand how the commission works and factor that into any price that you see on the exchange.
Each market has a Market Base Rate (MBR) which is the maximum percentage of your winnings that you will pay in commission once the market is settled.
For most sports and international racing markets, the MBR is set at 5%. However on Australian racing, the MBR is set at between 6% and 10% depending on the state and racing code.
The commission is automatically deducted from your winnings after the market is settled, regardless of whether your bet is a lay or back bet.
For higher volume customers, there are deductions from these rates, while extremely high activity on certain types of markets can attract premium or turnover charges. Head to the Betfair website for more information on these charges.
You’ll find that even when you factor in the Betfair commission, you’ll still often be getting a better price than the bookies, and that means more money in your back pocket!
Click on the banner below to sign up for Betfair today and give them a try!
13 games are on Thursday’s NBA card with plenty of those expected to be fantastic contests. As always, you can catch our best spread and player prop bets for the day for free right here! read more
Adelaide Oval will get it’s first taste of the BBL11 this Thursday night as the Strikers and Renegades do battle for the 2nd time in just three days from 7.15pm. Check out our full preview and betting tips for the clash from Mr. Cricket here read more
Another Wednesday means some good midweek racing to get us over the hump. There’s meetings at Warwick Farm and Sandown where we can hopefully find a few winners. Billy Bestford has had a look across the meetings and has found his best bets for the day. read more
The BBL11 season is in full swing and night four sees an interesting double header take place, kicking off from 6.35pm with the Hobart Hurricanes taking on the Sydney Sixers. Straight after that, the Perth Scorchers will host the Brisbane Heat in the late game. read more
Picklebet is a market leader in esports betting in Australia, but they also offer excellent value for money with quality products and a great offering of daily promos. Find out more about the Picklebet promotions and Picklebet promo code to sign up right here. read more
Palmerbet is one of the leaders in the Australian online betting scene when it comes to range of sports and racing promotions on offer. Find out more about Palmerbet promotions, and if you need a Palmerbet promo code, here. read more
BetDeluxe have been a fantastic addition to the Australian sports betting scene with some innovative offers and daily promos that all punters can enjoy. Read on to learn more about daily BetDeluxe promotions and offers, as well as details about a BetDeluxe promo code. read more
WinnersBet have a fantastic range of both daily and seasonal promotions available to all customers! Sign up to WinnersBet today and use promo code VIPOFFERS when you join! read more
Picklebet is well know as being one of Australia's leading esports betting companies, but did you know that they also offer a wide range of traditional sports betting markets as well? Fine out more about the sports betting offerings at Picklebet here. read more
The 2021-22 Big Bash League is fast approaching! As always, we run you through the full list of squads, with all of the ins, outs and international signings for every club ahead of BBL11 kicking off on the 5th of December. read more
The 2021-22 NBL fixture has been released! The season will open up on Friday, the 3rd of December with a headline clash between the brand new expansion team, the Tasmania JackJumpers taking on the Adelaide 36ers! See the full schedule here read more
The Brownlow Team Votes markets are one of the first to be released across the major sports betting sites, and there's some early value around for sharp punters. Don't bother paying for Brownlow tip packages when we have all the information you need for free! read more
|Unibet Australia||JOIN NOW|
|Bet Right||JOIN NOW|
|Betfair Australia||JOIN NOW|