Buying and Selling in Betfair Trading

Betfair trading is considered as the world’s largest Internet Betting Exchange Company. The trading company offers a platform specifically designed for online betting trading. The betfair is not only about betting. Actually, in betfair trading, you are no longer betting but you are performing trading.

Most of the beginners may ask how betfair trading works and may wonder what matched and unmatched bets are. In betfair trading, when you suggest a friend to have a bet, the friend has the option to fully accept or decline your proposal. The same applies to you. You have the option to accept the offer from another punter or decline it. Once you suggest someone to have a bet, before the whole trading starts, you have to wait for the person to accept your bet. Once the punter accepts, the bet is considered as matched. However, there are times when it’s betfair itself that matches the offer instead of allowing the other players to accept it.

The concept of betfair trading operates much more the same with what is used in the stock market. However, the technical terms used are not the same. In the stock market, the term short or long positions were entered when the traders wanted to buy or sell. Betfair trading uses different term if the players wanted to buy or sell. The buy and sell trading operations are known as back and lay. The back trading operation is when the trader bets just like an ordinary punter. On the other hand, when the lay operation is performed, the trader gets to be the bookmaker.

Choosing the back odds or back operation is very simple. Just like the usual bookmaker, you need to choose your stake and you click the back button. However, in the betfair trading, you are given the privilege to set your own odds as well, unlike the usual bookmaker. In case you win, your stake will be multiplied by the odds, in which the betfair commission will be subtracted. The commission that will be subtracted is 5% of the total profit the player is earning. In the case that you lose in the game, the stake will be fully lost. However, you are not entitled to pay any amount of betfair commission.

The lay odds or the lay operation is betting against something to happen. Thus, you can lay a team or certain player if you believe that the person or team will lose.