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- Unlike other bookmakers' Starting Price, the Betfair Starting Price will be determined by balancing bets from customers who want to back and lay, so because it's other customers placing the bets and because there is no margin for profit built in, you are far more likely to have better odds than the bookies' SP.
support.betfair.com/app/answers/detail/421-exchange-why-betfair-starting-price/
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Aug 1, 2019 · To request a better price - sometimes known as 'submitting an order' - you simply click on the price, but manually alter the odds, using the arrow keys.
Jul 21, 2006 · As the title says, when placing a bet on Betfair, do you (on the whole) take the available price or ask for a price and wait for someone to take it? I'm guessing most punters will answer "ask for a price", but if we all did that Betfair would cease to function, so please be honest with your answer.
Betfair’s Starting Price is different. It’s based on bets placed by both backers and layers in any market – there is no margin for profit built in - and that’s why we think it will give you much better odds.
The fact that new users come along with extra information causes the odds to move. This is why the odds are dynamic. Every time new information is added the price shifts to reflect this. This simple yet highly effective theory is at the heart of the Betfair model.
There are three key reasons why Betfair uses decimal odds rather than traditional fractional odds: 1. Decimal odds are easier to understand. Which is the bigger price - 8/13 or 4/7? If you're not familiar with the set of fractions bookies use, then it might take you a while to work out which is better.
Sep 10, 2024 · Betfair members compete against one another for prices. Whoever offers the best value is first in line to get their bet(s) away. This forces the Betfair betting markets to organically generate very accurate, fair prices for every sport event.
Apr 4, 2017 · The Betfair Exchange is the dominant force in the exchange marketplace, and for a good reason. They have the most customers, which means more money in the markets, better prices and an increase in the ease of getting a matching a bet.
