BetFair Bookmakers ~ 20% better Odds
The whole concept of BetFair is a strange one to get your head around the first time you hear it! However, once you understand the principals it opens up a whole different world of betting opportunities!
The idea is that you don't just back winners but you also 'Lay' losers. For example, if you decide to lay a horse in a race you are, in theory, backing the horse to lose that race. Statistically this makes far more sense, in a ten horse race there can only be one winner so the chances of picking a loser are far great than your chances of backing a winner.
An example of this is as follows: you login to the Betfair site with the name of a horse that you feel has no chance of winning. You find another BetFair customer who thinks this horse is going to romp home and is willing to put a tenner on it. You decide to take advantage of this and 'lay' the horse i.e. bet against it winning. If the horse wins you pay out his winnings at the odds you agreed and if the horse loses you get to keep his original stake. Simple!
Betfair is a really clever concept for gambling as it offers a whole new range of ways to bet and win that are far more exciting than some of the traditional sites. The site is very easy to navigate around and once you're gotten the hang of backing and laying you won't want to log-off.
