What is Betfair?
Largest betting community
THREE MILLION PUNTERS ONLINE.
Betfair is the world's biggest betting community with over three million members. Join them online at Betfair.com or talk to Betfair directly, 24 hours a day, 7 days a week on 1800 644 738.
20% better odds
Because of the way Betfair operates our members get up to 20% better odds - Unlike bookmakers or the TAB who build a profit margin of up to 20% into their odds we only charge a small commission of 2 - 5% on your winnings.
Lay betting
With Betfair you can not only lay any selection, but also choose the price you want to take, and how much you are prepared to risk. The shorter the price you wish to lay, the less money you have to risk compared to your potential reward. Laying the Tie in the market below at 13.5 might sound safe, but for every $10 you want to win, you have to risk $125 - high risk and low reward. The market says Europe at 1.9/1.91 are much more likely to win, but to win $10 by laying that outcome, you only need to risk $9.10.
image
In the example, you've chosen to lay the USA at the current odds of 2.52. Note that on the left hand side, your potential loss (liability) is shown as $15.20 but on the right the figure is $25.20. This is because your counterparty's stake is included in the Payout figure, as each Betfair user must 'pay' for their bet first with the money held aside from their account until the market and each bet is settled.
There are all sorts of reasons why people lay bets. Some people find it easier to pick a horse that won't win, than one that will win. Some people lay a bet because they think the price is too short. Others will lay first, then look to back the same selection later in-play - that's called Trading (see 'What is Trading?),
Laying need not be scary - you are in full control of how much you wish to risk and how much you could win. In a lay bet, you always stand to win the stake of the opposing bet (e.g. $10 in the example above). You could be betting against one person or several. As mentioned above, your liability is $15.20
To turn on the Predictive Profit & Loss (P&L) or 'What If?' function shown above, click on 'Options' above each market once you've logged in.
The best place to bet
Betfair is the only betting exchange in Australia and is the largest excahange in the world. Our suite of products range from Best Tote through to Australian multiples betting which give you as much value as any bookmaker in Australia. Using Betfair also means you have access to the only exchange betting available in Austraia giving you on average 20% odds than any TAB or bookmaker.
Betfair really is betting as it should be.
Live Betting AFL
Australian Rules is the sport of choice for many Australians with many across the country following the AFL as passionately as any code in the world. The AFL is watched by millions each weekend and many of those love to bet on the AFL.
This year the AFL has expanded to 17 teams with the addition of the Gold Coast Suns. The competition will expand in 2012 with the Greater Western Sydney Giants entering the AFL. The seventeen current teams are as follows:
Adelaide Crows
Brisbane Lions
Carlton Blues
Collingwood Magpies
Essendon Bombers
Fremantle Dockers
Geelong Cats
Gold Coast Suns
Hawthorn Hawks
Melbourne Demons
North Melbourne Kangaroos
Port Adelaide Power
Richmond Tigers
St Kilda Saints
Sydney Swans
West Coast Eagles
Western Bulldogs
The 2011 AFL regular season will last 24 rounds and will begin on the last weekend in March with each team playing 22 matches. The draw for the 2011 season can be found here. The official AFL website can be found here and it contains all the statistics, data and information from the league. Historical AFL results, which can be extremely useful for AFL bettors, can be found here.
There are many options available for those interested in AFL betting with bet types divided up into futures and match betting.
AFL match betting provides a myriad of betting options including match odds, handicap betting, first and last goalscorer, top goalscorer, the highest possession getter and margin betting, among other choices. The most popular forms of betting are match odds and handicap betting, which assigns a spread and requires the margin of victory to be either larger than the spread (if you bet the favourite) or smaller than the spread (if you bet the outsider) to collect on the wager.
Many AFL punters prefer to bet live in the run on matches. This allows followers of the game to see where the momentum is and trade accordingly, making one bet or any number of bets to make a profit from the match. Live AFL betting is becoming increasingly popular and is a smart way to bet for those with a deep understanding of the game.
Live AFL Betting with Betfair
Any punter looking to get the best value from their live AFL betting should look no further than Betfair. With Betfair, the middle man is cut out and betting could not be simpler. There is no longer any need to accept poor odds on the AFL with the TAB or traditional bookmakers. With Betfair, punters set the odds and punters get the odds they want and they can do so throughout each and every AFL match. AFL punters who enjoy betting live have never seen better value.
Sign Up
Signing up to Betfair could not be easier and you will be ready to start betting live on the AFL within minutes. It couldn't be simpler. Just fill in the registration form and fund your account and you will be ready to bet live on any AFL market you like. The whole process takes less than 5 minutes and you will be betting before you know it.
Betfair is the world's largest international online sports betting provider and pioneered the first successful Betting Exchange in 2000. The Betting Exchange, where customers come together in order to bet at odds sought by themselves or offered by other customers, has eliminated the need for a traditional bookmaker. Driven by world-leading technology, the company now processes over five million transactions a day from its three million registered customers around the world.
