Navigation

Tag Archives | Betfair explained

Tattersals rule 4 compared to the reduction factor on the betting exchange

By in Horse race betting

The dreaded rule 4. Rule 4 dictates what happens in the event of a horse being withdrawn before the race starts. Non runners as they are called affect the odds for all the other horses in the race because it’s one less horse that can win. Rule 4 is also known as Tattersals Rule 4 or just R4 for short. To be precise it’s Tattersals Rule 4c. Anyway, this post described Rule 4 and compares it to reductions that are made by betting exchanges.

If a horse is withdrawn it effects the odds of all the other runners. A horse who has better chance of winning effects the odds of the other runners to a greater extent. So, the withdrawal of a favourite has a much bigger affect on the chances of the other runners than that of a rank outsider. Rule 4 reductions are published as pence in the pound (that’s the British pound for visitors outside the UK).

Why do some people think rule 4 is unfair?

An obvious argument is that if I [the betting public] place a bet and my horse wins, why should my winnings be reduced because another horse has been withdrawn, my horse might have won anyway [even if the withdrawn horse was still running].

rule 4 explained

Tattersals rule 4 compared to the reduction factor on the betting exchangeunratedEditor2012-03-13 04:02:59The dreaded rule 4. Rule 4 dictates what happens in the event of a horse being withdrawn before the race starts. Non runners as they are called affe…
Horse race bettingTattersals rule 4 compared to the reduction factor on the betting exchangeThe dreaded rule 4. Rule 4 dictates what happens in the event of a horse being withdrawn before the race starts. Non runners as they are called affe…
Continue Reading · 0

Football correct score betting on Betfair

By in Football betting

Predicting the exact score line in a football match can be notoriously difficult. The chance of predicting the correct score is small. Obviously the odds are quite large and can produce good gains. LetsCompareBets has started a correct score football betting experiment to test to see if it’s possible to make profits from correct score betting. The correct score betting system uses the Betfair betting exchange and makes the best football predictions using goal data from free websites, the system has been explained over here. For people who are comfortable with using Betfair and have more advantaged knowledge of betting the article about scalping on Betfair may be more interesting. The article uses trading the correct score goal betting market on Betfair as an example.

Let’s see how the system has performed so far. Look at the results so far shown in the video below. It’s a recording of the betting history from the correct score system. The system relies on lots of small lay bets.

Taking a look at some of the odds that where taken it’s possible to see that if one bet loses it can reduce the amount of money in the betting bank quite considerably. For example, the Man Utd V Blackburn game. The odds to lay the 0 – 0 score line where 22. With a stake of 2 pounds the liability for that bet would have been 42 pounds (2 x 22). That would have been a big hit to the betting bank. To overcome this only high confidence correct score lay bets can be taken.
correct score predictions

Football correct score betting on BetfairunratedEditor2012-03-13 04:04:09Predicting the exact score line in a football match can be notoriously difficult. The chance of predicting the correct score is small. Obviously the…
Football bettingFootball correct score betting on BetfairPredicting the exact score line in a football match can be notoriously difficult. The chance of predicting the correct score is small. Obviously the…
Continue Reading · 0

10 FAQs everyone should know to explain how Betfair works

By in Betting exchange

Betfair the betting exchange is now an established way to bet on popular sports.  Initially Betfair turned the betting world upside down.  Traditional bookmakers were up in arms.  Humbled by the technological benefits that Betfair brought to people including better odds and the option to bet that something will not happenBetfair explained. There are many people out there who have enjoyed betting at betting shops. Then the bookmakers went online. Essentially there was no difference between the bookmaker on the high street and using the same bookmaker online. Then Betfair came onto the scene and introduced a completely new concept. It’s not a complicated concept but it’s new. Let’s Compare Bets has polled a few Betfair users to uncover the most common FAQs to help explain Betfair.

Since Betfair was conceived it has been a massive success. The recent stock market flotation of Betfair is testament to this. First let’s see why Betfair has been so popular.

    • Odds on Betfair are more competitive than traditional bookmakers
    • The betting exchange model allows people to bet that events will not happen

    Something that originally caused plenty of controversy surrounding horse races that where fixed or more recently, with international cricket.  However, the loudest critics where often traditional bookmakers fearing the competition.

    get Betfair explained

    10 FAQs everyone should know to explain how Betfair worksunratedEditor2016-11-11 04:20:23Betfair is different to online bookmakers and adds different aspects to betting online, such as, better odds than normal bookmakers and the option to make lay bets. Betfair has taken market principles, added some technological genius, and produced a platform where people can trade bets in a similar why that people trade company shares on a stock exchange. The post explains what Betfair is, how it works, what lay bets are, and gives a quick start guide to making bets on the biggest betting exchange online.

    Betting exchange10 FAQs everyone should know to explain how Betfair worksBetfair is different to online bookmakers and adds different aspects to betting online, such as, better odds than normal bookmakers and the option to make lay bets. Betfair has taken market principles, added some technological genius, and produced a platform where people can trade bets in a similar why that people trade company shares on a stock exchange. The post explains what Betfair is, how it works, what lay bets are, and gives a quick start guide to making bets on the biggest betting exchange online.

    Continue Reading · 2

    Compare ante post odds for becoming a betting bookmaker

    By in Betting exchange

    Ante post odds are those that get published early by betting bookmakers. The phrase was coined in the horse racing industry and horse racing remains the biggest ante post market. Ante post odds can be used by those wanting to be their own bookmaker, a.k.a the amateur bookmaker. Betting on ante post odds can be used to create a sports book. In previous posts we have discussed the idea of becoming a betting bookmaker and how to use ante post odds to create a sports book. This post investigate various sports, events, and betting markets suited to ante post betting and building a betting sports book using Betfair.

    The bookmakers compete with one another to get money wagered on one sports event or another. If they offer the earliest odds it serves as good advertising. Competition between bookmakers forces them to offer very early odds on some events. As more money enters a particular bet the risk to the bookmaker on that position increases, so they reduce the odds (and the potential winnings) until the money trickles in. Here lies the opportunity. One key method to making a sports book is to get long odds with a traditional bookmaker then hedging the bet if and when the odd shorten. The benefit of using ante post odds is two fold. First the odds are priced very early making difficult for an odds compiler or a punter on Betfair to know the real chances of that event actually happening. Secondly, ante post odds have a time value. Lots can happen to move odds in the period between when a bet is placed and the event. If the odds move the amateur bookmaker has an opportunity to secure a profit. Visitors should use the links below to get more information on ‘how to become a betting bookmaker’.

    be a bookmaker with ante post odds

    Compare ante post odds for becoming a betting bookmakerunratedEditor2012-03-13 02:06:33Ante post odds are those that get published early by betting bookmakers. The phrase was coined in the horse racing industry and horse racing remains t…
    Betting exchangeCompare ante post odds for becoming a betting bookmakerAnte post odds are those that get published early by betting bookmakers. The phrase was coined in the horse racing industry and horse racing remains t…
    Continue Reading · 0

    Football fixed odds goal betting tips for the Premiership

    By in Football betting

    The 2010 Premiership season is firmly underway and the popularity of football fixed odds betting is burning brightly. This post looks at some football betting statistics that can be used to make the best football bets. At this time in the season Premiership teams have got a few games under their belts, giving the most up to date data to use for making winning football predictions. Before Let’s Compare Bets reveals some of the most recent football betting trends this post looks at last seasons football betting stats. These stats can help predict what will happen in the current season.

    Teams score more goals at home than away. The home team advantage is well known and shouldn’t be overlooked.

    More Premiership games produce an over ‘2.5 goal’ result than under ‘2.5 goals’.

    Teams win more corners at home than away, and concede more corners away than at home. Winning more corners normally goes hand in hand with scoring more goals. Corners get the ball into the goal area and in front of the best goal scorers.

    Most Premiership games result in more than 10.5 corners per game. The average corner number last season was 11.2.

    Team by team football betting statistics

    Football fixed odds goal betting tips for the PremiershipunratedEditor2012-03-13 02:25:03The 2010 Premiership season is firmly underway and the popularity of football fixed odds betting is burning brightly. This post looks at some footbal…
    Football bettingFootball fixed odds goal betting tips for the PremiershipThe 2010 Premiership season is firmly underway and the popularity of football fixed odds betting is burning brightly. This post looks at some footbal…
    Continue Reading · 0
    Older posts