Back, Lay & Trade Politics and Financials On Betfair.

Never heard of the Betfair Exchange? Or just stumbling across our political and/or financial markets for the first time? Here’s all you need to know.


ABOUT US

Betfair is the world’s largest, and Australia’s only, peer-to-peer wagering platform.

But what does that mean?

Unlike traditional corporate bookmakers, when you bet on Betfair, you aren’t betting against the house who have the percentage in their favour. Instead, you’re wagering against another Betfair customer and we simply act as an intermediary between the two.

This means that you’re betting into a pure market where the odds are set by YOU, the punter. But what’s in it for us? We make a small commission on winning bets for facilitating the transaction between both parties. We’re like Uber or Airbnb.


WHY ARE WE UNIQUE?

But what about events with more than two outcomes? How is the other side of my bet matched?

The answer: Lay Betting.

This concept is completely unique to the Betfair Exchange and is the only way you can bet on an outcome NOT to happen.

Want an example? If you lay:

  • Donald Trump to win the U.S. Election. You are betting on every other canditate in the race.
  • The Labour Party to win the next Federal Election. You are betting on every political party to win the vote.

Simply put, you are offering a price that other Betfair users can place a Back Bet against you.

Whilst this concept may sound daunting at first, it opens up a host of new possibilities for punters to approach an event or find a new their edge.

Still confused? Or want a live example? Check out the video below:


BONUS

We also don’t ban winning customers. We encourage it because we take a commission on winning bets.

This means we won’t restrict and of your bets on our political or financial markets.

Taken a great price on Biden on one of the corporates and want to lay off your position on the Exchange? Perfect.

In fact, there’s already been more than $195 million matched on our U.S. Election market at the time of writing and it’s on track to be our biggest market of all time.


Want More On The U.S Election?

We want winners.  In fact, we want them so badly, we’ve built  The Betfair Hub, the world’s biggest resource for betting education.

Inside you’ll find a host of resources ahead of the 2020 U.S. Election as well as much more.

Paul Krishnamurty, aka The Political Gambler, has been betting on elections for over a decade. He shared his latest thoughts on the election in his September Update.

Meanwhile, we’re checking in with political betting expert and US Election trader Tavis Rendell every fortnight in the run-in. Get his breakdown on the current state of the race following Donald Trump testing positive for COVID-19. 

Alternatively, you can stay up to date with his political mail via our YouTube channel.



Want the best on the 2020 U.S. Election? Your journey starts here.