The exchange sites are also considered as places where bets against other players and one that seems complete and I play is betfair.
In these places the bookmaker does not put your money at risk, it is a place where you can find higher odds than the betting sites normally offer, and this is given because each player is free to offer the quota he wants .
If you know that a favorite player is going to lose and the odds are at 1.40 and as you are wiser and you know that price can go down, then you offer 1.35 players to see if they accept it, all Prices that you put and accept will be reflected in the exchange tool and you will see it live.
What is the difference of paying 1.40 and 1.35 to players who bet on this favorite?
As you know the money … of 1.35 – 1.40 there are 5 points of difference.
This means that you risk 0.35 cents for every $ 1 you can win, so if you bet $ 35 you win $ 100 in case the favorite loses.
It is also the case that you may be confused because exchange sites like betfair in its operating menu is very different from a bookmaker, because in this case has the famous: Lay and Back
I will now explain in detail each of these functions.
First I will explain Lay: well if you push the button of lay and say 1,60 that means that you are going to pay the 0.60 for every 1 that is bet.
In other words you would be making a bet against the player or teams, that is to lose.
If this player or team that you do to him loses the game you win!
Lay is a bet against that team or player.
I hope I have explained well in this case.
Now I will explain Back: back is as if you made a common bet. If you push back that means that you will play to that proposition is fulfilled or won. Only if that happens, you win.
I hope I have explained well in the Back case.
The truth is that it is not a science to learn this, but for those who are just starting out in the use of this tool to invest can be quite a challenge.
There is also for cell phones, that means you can invest from your cell phone.
One of the things that happened to me and that I draw a lot of attention is that the policies of the exchange is to charge you a commission if you have so many games played in so many weeks, the truth is to understand this that I am telling you and before you reach To invest, I advise you to read in its pages how this all works, it is a small commission that is charged to the winners who have played several times a proposition, for example Moneyline or +1.5
At first they give you a bonus of up to $ 1000 to win, but after this if your balance is positive they start to commission them for investing with them.
I guess this is how they keep their software active and all the hundreds of sports events they offer.
Also when you register at betfair you will be asked for a government document where you specify where you live and what your name can be a bill of water, light or telephone (only one) where you leave your name and address that you registered on your site, You will also be asked for the identity card, all this you have to send them to the mail that they specify in printed and scanned documents.
I guess all this is to prevent money laundering online.
I think I’ve explained everything you have to know about betfair in this article, now it’s up to you to read more about it.
And if you register at betfair use this link to get a welcome bonus from Sports Predictions.