You think it will? Then back it.
Placing a back bet is the standard play for all punters who used a bookmaker. So we’ll keep this brief: in placing a back bet, you are betting on the odds of something to happen.
If you are betting on head-to-head (“Match Odds”) for Richmond v Collingwood in the AFL and believe Richmond will win, you will want to back them. If you were betting on the Cox Plate and predicted Winx would win, you would’ve backed her on the betting exchange “Win” market.
Ready to back? Make it happen.
To place your back bet, choose the market selection box in blue. The odds in the blue column are the biggest prices currently available to back in the market. (Those odds are in the selection box on top, while the amount currently available to back at those odds is underneath.)
When you have chosen a selection, the betting slip will appear. Time to outlay.
Remember – the odds are not set!
You’ve chosen the best odds available, but maybe you’re not satisfied? You can request even better odds following a few simple steps
- Toggle the odds on your betting slip to your desired price
- Enter your stake amount
- Place your bet to confirm.
But be warned: your bet will be unmatched until another customer (the layer) agrees to your odds and staked amount. So don’t go setting the odds of a $3.00 chance at $10.00 and expect to get matched instantly – or at all!
The exchange community is constantly speculating on a result and the odds could move fast. In the minutes before race jump time, any number of factors can have serious implications on a result. Setting your own odds means punters can find even better odds for backing at any time. This increases your chances of taking better odds more often versus taking a bookmaker’s fixed price.
It empowers you to do more with back betting – only on the Betfair Exchange.
