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     • Your Discount Rate is calculated from your current Betfair Points every Sunday at Midnight (GMT). Your Discount Rate will be capped at 20% unless you have completed Betfair's identity and verification requirements.
     support.betfair.com/app/answers/detail/a_id/414/

     Exchange: What is the Discount Rate? - Betfair

2. People also ask

   What is Betfair betting exchange?

   • Betfair’s Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. ✓Best Odds ✓Bet In-Play ✓Cash Out. Join Betfair Now »

   Betfair™ » World’s Biggest Betting Exchange

   www.betfair.com/exchange/plus/

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   What types of bets can be placed on the betfair exchange?

   • There are two types of bet that can be placed on the Betfair exchange: backing and laying. To back a bet is the same as placing a wager on a more typical sports betting site. What this means is that you are betting on an event to happen - for example, a team to win a match in the Premier League, let's say Chelsea v Manchester United.

   Betfair Exchange UK Review - Betfair Exc Explained (2024)

   bettingguide.com/uk/operator/betfair-exchange/

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   Does betfair exchange charge commission on winning bets?

   • Betfair Exchange charges Commission on winning bets. If you are opted into “My Betfair Rewards”, we use your chosen package to decide on commission rate. Otherwise, we use a Market Base Rate according to where you live to calculate your commission.

   Exchange: What is Commission and how is it calculated? - Betfair

   support.betfair.com/app/answers/detail/a_id/413/

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   What is a back bet on the betfair exchange?

   • Placing a back bet is the traditional form of gambling - you believe a result will happen and bet on it happening, at odds you want to take. On the Betfair Exchange, bettors placing these bets are called 'backers'. Those laying bets - betting on a result not to happen - are the 'layers'. Here's our guide to placing a back bet on the Exchange.

   Easy Explainers - A Betfair Exchange Glossary

   betting.betfair.com/how-to-use-betfair-exchange/beginner-guides/exchange-explainers-310120-6.html

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3. betting.betfair.com › how-to-use-betfair-exchangeWhat is Betfair Exchange | Beginner Guides » Betfair™ Blog

   betting.betfair.com › how-to-use-betfair-exchange

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   The Betfair Exchange is the world's largest sports betting exchange. It follows the model of a stock exchange, but replacing share trading with betting odds on events in the world of sport, politics and entertainment. On any betting market, there are two sides of the bet.

   • Easy Explainers - A Betfair Exchange Glossary

     The Betfair Exchange allows customers to bet against each...

   • What is a Betting Exchange? - Betfair Education

     A betting exchange allows members to bet against each other...

4. support.betfair.com › app › answersExchange: What is Commission and how is it calculated? - Betfair

   support.betfair.com › app › answers

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   Betfair Exchange charges Commission on winning bets. If you are opted into “My Betfair Rewards”, we use your chosen package to decide on commission rate. Otherwise, we use a Market Base Rate according to where you live to calculate your commission.

5. Videos

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6. betting.betfair.com › how-to-use-betfair-exchangeEasy Explainers - A Betfair Exchange Glossary

   betting.betfair.com › how-to-use-betfair-exchange

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   The Betfair Exchange allows customers to bet against each other rather than betting against a traditional bookmaker. By matching customers, rather than taking the risk itself, the Exchange gives bettors the option to 'lay' (betting on something not to happen). 'Traded at 1.011/100'/ 'Matched at 1000.0999/1'

7. betting.betfair.com › what-is-a-betting-exchangeWhat is a Betting Exchange? - Betfair Education

   betting.betfair.com › what-is-a-betting-exchange

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   A betting exchange allows members to bet against each other rather than a bookmaker. Customers can offer odds to, or request odds from, fellow bettors. Check out our guide to the Betfair Exchange and plenty more at our how-to use the Exchange hub.

8. www.betfair.com › exchangeBetfair™ » World’s Biggest Betting Exchange

   www.betfair.com › exchange

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   Betfair’s Betting Exchange lets you bet against other people and get great odds on thousands of markets every day. Best Odds Bet In-Play Cash Out. Join Betfair Now »

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9. bettingguide.com › uk › operatorBetfair Exchange UK Review - Betfair Exc Explained (2024)

   bettingguide.com › uk › operator

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   Jun 5, 2024 · Read our Betfair Exchange UK review as take a deep dive into the #1 betting exchange in the UK, and a guide for how to back and lay on Betfair's Exchange.

10. www.timeform.com › betting › betfair-exchangeWhat is the Betfair Exchange? | Timeform

    www.timeform.com › betting › betfair-exchange

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    Starting with the basics of how the Betfair Exchange works, users are best classified in two categories, ‘Backers’ and ‘Layers’, with both required to create or ‘match’ a bet. To clarify what is meant by these two terms, we’ll run through a short example.