Betfair Australia – www betfair com au - is a leading betting exchange which is different from your ordinary online bookmaker or sports book. Bet fair enables punters to choose their own odds and bet against each other, even after an event has started. Betting Betfair punters are therefore able to offer odds based on their own opinion rather than on a set bookmakers’ margin. Betfair Australia charges a commission on all winning bets, which is set at 5% of the net winnings for most markets, although according to how much a client wagers on the site, it is possible to reduce the amount of commission paid to as low as 2%
How does Betfair Australia differ from a traditional bookmaker or sportsbook?
You can bet that an outcome will happen (back) or that it won’t happen (lay).
You can choose the odds you want to play at.
You can bet whilst the game is in play.
Therefore the biggest difference is Betfair gives the punter the opportunity to lay a bet. Laying a bet means you are betting on something not to happen – e.g. a match not to end in a draw, a horse not to come in first, a rugby team not to win by over 7.5 pts etc. For example, if you’re betting in in the AFL on which team is going to win AFL grand Final and you lay Geelong, then if they win you pay out.
Betfair Australia is licensed by the Tasmanian Gaming Commission so you know you are betting with a licensed and reputable sports betting outfit.
