Introduction to Betting

Welcome to the world of the Betfair Exchange. Here you will learn all the basics of the exchange to get you started on your punting journey. Become familiar with the market view on the exchange and the difference between a Back and a Lay bet, as well as understanding what charges you will see as a Betfair customer.



BACK BETTING

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Betfair is a low margin exchange, just like Airbnb. We create markets for punters to take on punters. And we want winners.



Cross-matching on Exchange Markets

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