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10 Feb 24
08:10
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Date Joined:
24 Nov 10
Bet 356,Korals,Sadbrokes,Punibet , Paddy parrr and Betfair sportsbook............are they taking """"............
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Exchange.
Why a Betfair account should be top of your list
Since Betfair launched at the turn of the century, their main selling point has always been the bigger odds provided on the exchange. This is because, unlike with a bookmaker, no-one is necessarily laying all the horses in a race. Therefore every individual runner can find their 'true' odds, in accordance with market forces, and punters get totally fair books.
That's the theory, anyway. It does not work out perfectly by any means, but it gets close enough to beat traditional show prices an overwhelming majority of the time, even inclusive of the commission Betfair charges on all winnings.
This is even more true now that bookmakers provide their own prices up until the off. In the later days of the fully on-course starting price (SP), on-course bookmakers hungry for business would sometimes compete with the exchange. That incentive still exists, but nowadays it is only really relevant to punters on the track because the knock-on effects of this competition do not apply to off-course firms offering their own show prices.
Betfair have their own SP now and it comes out just as favourably with traditional odds as their show prices. According to Betfair's own figures for 2023, even once commission is factored in, a bet at Betfair SP would yield bigger odds than the industry SP 96 per cent of the time.
There are no restrictions on stakes on the Betfair Exchange and no marketing offers to be taken away as soon as you look remotely sharp. It is also the best place for in-running betting, although you should tread carefully here as there is a cottage industry in getting the fastest pictures to quick-fingered in-running players.
The exchange is also one of few real options to place lay bets. Lay betting can expose you to a lot of risk, so tread carefully at least at first, but it can be a handy way to create strong, no-lose positions on horses you expect to shorten or whose odds have already shortened. Doing this on the exchange will almost always work out better for you than cashing out with a bookmaker. The only downside if you 'lay off' a fixed-odds bet on the exchange is that you cannot directly link your putative winnings to the lay bet, so until the race is run you would need to stand the full liability of your lay.
Betfair put up a lot of educational content around the exchange. This suggests that they have issues with getting less experienced punters used to the slightly different landscape compared with traditional bookmakers. Like many things in horseracing, the concept is much simpler than the language that surrounds it. Spend a little bit of time to familiarise yourself with the exchange and reap a lifetime of benefits.
Getting a Betfair account also comes with access to their sportsbook, which launched in 2012. There are occasions when the Betfair Sportsbook comes in handy, such as with big-race offers, particularly around Cheltenham, and certain each-way terms. Most of the time, it is just an adjunct to the exchange account. Note that you can at least play your Betfair Sportsbook account with impunity. Even if the sportsbook limits your stakes or access to offers, your ability to play on the Betfair Exchange will be unaffected.
Why a Betfair account should be top of your list
Since Betfair launched at the turn of the century, their main selling point has always been the bigger odds provided on the exchange. This is because, unlike with a bookmaker, no-one is necessarily laying all the horses in a race. Therefore every individual runner can find their 'true' odds, in accordance with market forces, and punters get totally fair books.
That's the theory, anyway. It does not work out perfectly by any means, but it gets close enough to beat traditional show prices an overwhelming majority of the time, even inclusive of the commission Betfair charges on all winnings.
This is even more true now that bookmakers provide their own prices up until the off. In the later days of the fully on-course starting price (SP), on-course bookmakers hungry for business would sometimes compete with the exchange. That incentive still exists, but nowadays it is only really relevant to punters on the track because the knock-on effects of this competition do not apply to off-course firms offering their own show prices.
Betfair have their own SP now and it comes out just as favourably with traditional odds as their show prices. According to Betfair's own figures for 2023, even once commission is factored in, a bet at Betfair SP would yield bigger odds than the industry SP 96 per cent of the time.
There are no restrictions on stakes on the Betfair Exchange and no marketing offers to be taken away as soon as you look remotely sharp. It is also the best place for in-running betting, although you should tread carefully here as there is a cottage industry in getting the fastest pictures to quick-fingered in-running players.
The exchange is also one of few real options to place lay bets. Lay betting can expose you to a lot of risk, so tread carefully at least at first, but it can be a handy way to create strong, no-lose positions on horses you expect to shorten or whose odds have already shortened. Doing this on the exchange will almost always work out better for you than cashing out with a bookmaker. The only downside if you 'lay off' a fixed-odds bet on the exchange is that you cannot directly link your putative winnings to the lay bet, so until the race is run you would need to stand the full liability of your lay.
Betfair put up a lot of educational content around the exchange. This suggests that they have issues with getting less experienced punters used to the slightly different landscape compared with traditional bookmakers. Like many things in horseracing, the concept is much simpler than the language that surrounds it. Spend a little bit of time to familiarise yourself with the exchange and reap a lifetime of benefits.
Getting a Betfair account also comes with access to their sportsbook, which launched in 2012. There are occasions when the Betfair Sportsbook comes in handy, such as with big-race offers, particularly around Cheltenham, and certain each-way terms. Most of the time, it is just an adjunct to the exchange account. Note that you can at least play your Betfair Sportsbook account with impunity. Even if the sportsbook limits your stakes or access to offers, your ability to play on the Betfair Exchange will be unaffected.
Sportsbook are a disgrace only Tony Calvin can get a decent bet at big odds.
That must be the biggest load of crap the post has ever printed and that’s some achievement
I thought you might, jimnast. Never tried Matchbook myself.
It’s fine sparrow but I tend to forget I have it pretty sure it’s because of this forum I like to look in and post most days and matchbook doesn’t have one.
I don’t use what they call social media this is the Bly lace I post
I don’t use what they call social media this is the Bly lace I post
I gave got in touch with the racing post complain about these articles.....not expecting a response..
skiptoomaloumacari 10 Feb 24 12:49
I gave got in touch with the racing post complain about these articles.....not expecting a response..
The RP doing just what it's advertisers and bosses expect them to do.
I gave got in touch with the racing post complain about these articles.....not expecting a response..
The RP doing just what it's advertisers and bosses expect them to do.
Are the on-line bookmakers still paying them £2 every time they use the words "Intrusive" or "Draconian" when they publish their in depth and well researched articles about the white paper?
I cannot understand why the Racing Post is doing this. Its readers already know their way round the major firms, and if the Post did highlight (say) Bet365 as offering better prices than Ladbrokes, the latter would pull their advertising for a day to get the RP back into line.
I know some forumites have been calling for years for RP criticism of bookies but they can look after themselves.
I know some forumites have been calling for years for RP criticism of bookies but they can look after themselves.
Do not read the Racing Post. They recommend slybet, absolute disgrace
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