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.
If your bet size is bigger than the amount available for your selection, you have to either take some at a lower price or ask for someone (a layer) to match the remainder of your bet.
UNDERSTANDING THE MARKET VIEW
Read MoreBACK BETTING
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Lay betting is completely unique to Betfair. When you place a Lay bet you are betting on an outcome not to happen.
LAY BETTING
Read MoreBetfair is a low margin exchange, just like Airbnb. We create markets for punters to take on punters. And we want winners.
Betfair Commission is the only charge that the majority of customers on Betfair will ever have to pay. Each market that you bet on has a Market Base Rate (MBR).
