Congratulations! You’re now ready to place your first bet on the Betfair Exchange.
Back Betting 4 minutes
Back betting is what you would likely have done with any bookmaker, such as TAB or Sportsbet, and is essentially the punters’ traditional style of betting. Back betting is betting on an outcome to happen.
An example is if you place a Back bet on a horse in the Melbourne Cup, you are betting on that horse to win the race. If it doesn’t come first, you will lose your stake. If your horse places first, you win. You will pay a small commission on all winning bets.