Betfair registration
Betfair registration
During your time with Betfair, you may encounter difficulties or need information about certain features. I've tried to address the most common concerns to help you.
A bet exchange allows you to play against other punters rather than against a bookmaker. This is the difference between a traditional bookmaker and a betting exchange platform such as Betfair. The betting exchange gives you the opportunity to act as a bookmaker (setting the odds for an event) or as a customer (betting using the odds set by the other user).
So you can bet on a team to win (Back) or lose and draw (Lay).
Laying explained by betfair:
Backing :
The operator charges fees on winning bets (net winnings). You therefore pay no fee on losing bets. The fee is calculated as follows:
Fee = net gains x market base rate x (100% - discount rate).
If you have opted for 'My Betfair Rewards', the site uses your chosen package to decide the fee rate. Otherwise, it uses a market base rate based on where you live to calculate your fee. Your discount rate reduces the amount of fee you pay and is based on the number of Betfair points you have earned. Note that the platform rewards you with Betfair points when you win or lose on the Betfair Exchange.
The standard platform fee is 5%.
Access the exchange betting platform that accepts all players without restriction:
ORBIT takes over Betfair's liquidity, markets and odds
free of charge and with less fee.
Access is private.
You need to use a sports betting broker:
Registering with a broker is free and gives you access to professional betting tools.
Yes, in fact it's a very good idea, because you'll be able to make trading much more efficient. The app has some of the key features found in most trading software. These include: live news with feeds updated every 200 milliseconds (unlike the Betfair site where you'll constantly be clicking Refresh) and one-click betting, which lets you select your stake and quickly bet at the price you want with one click.
Note also that each selection (horse, team, etc.) has its own scale, where its prices and odds are stacked vertically. This gives you a clearer idea of the depth of the market.
Withdrawal processing times vary depending on the payment method you use. For the Neteller and Skrill e-wallets that I use, payment is generally made within a few hours or within 24 hours at the latest.
Betfair uses fractional and decimal odds. You can switch between the two at any time. Here's how, depending on whether you're on a PC or mobile version/app:
Yes. Betfair has introduced a new feature to allow you, on the same game, to create an accumulator from a variety of markets.
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