Betfair Sports Betting Exchange
Betfair.com is the biggest sports betting exchange. In Betfair the players bet against each other and not against the Betfair itself. Because of this, the stakes ratios are higher here than anywhere else.
Another difference is that in the betting exchange you can not only buy stakes, but also sell them, which opens up new money earning possibilities – sports trading. The idea behind it is the same as in the currency, stock and product markets – to buy cheaper and sell at a higher price. The difference is that the ratio is affected by the performance of the team or the sportsman.
Back And Lay Bets
The most significant difference between the usual betting exchange is that Betfair offers to not only bet on some kind of events (BACK), but also place bets against them (LAY), which means you’re placing a bet that this event will not happen. In the pictures you can see how the outcome varies when placing a BACK and LAY bet.
In picture below you can see LAY bet
In picture below you can see BACK bet
Sports trading strategies: