Notes

Ten Reasons to Open a Betting Exchange Account
Betfair and Betdaq are revolutionizing the way punters place bets. The most obvious benefit the exchanges offer over the traditional high street bookmaker is the ability to lay bets on horses to lose their race, as well as the conventional practice of backing them to win.
The pioneer in exchange betting is Betfair and today it operates the most popular betting exchange website.
Betfair is a platform that brings together punters who have opposing views and eliminates the traditional bookmaker. All bets on Betfair have been placed there by users who either want to have a bet in the normal way (backing), or offer odds to other punters (laying).
People with opposing views can place bets.
You are betting on the outcome of a selection, whether it is an individual, a horse, or dog. This is similar to betting with traditional bookies.
If you "lay" it you bet against the team winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd loses, you will take the stake of the backer. If Manchester United wins the game, then you must pay out. This is what traditional bookmakers do.
http://cdc88uz.com/poker-paypal-top-3-online-poker-rooms-with-highest-payouts/ Listed below are ten compelling reasons to join the revolution and bet on the exchanges:
You get better odds: When you place a wager on a betting exchange, you eliminate the need for the bookmaker to act as the middleman. The bookmaker gets his cut, just like any other middleman. He will always attempt to construct his book and manipulate prices downwards such that whatever the outcome he will make a profit. Betfair's odds of winning are generally 20% higher if you take out the bookie. This means that there is more profit.
Lay as well as back: in the past you would only win your bet if your selected horse won its race. Betfair allows you to be a bookmaker and place a wager that the horse will not win the race. You can collect if your selection does not win.
Trading for guaranteed profits: on the betting exchanges you can take advantage of movements in the price of a horse to secure guaranteed profits  much like trading the financial markets. Profit regardless of the outcome of a race. Impossible you might think&. Let me give you an example.
Lets imagine you have a horse priced at 3/1 in a race. Because this horse is highly anticipated, you expect the price to drop. You back the horse to win with a wager of PS100.
The price of the horse falls to 2/1 just before the race starts as lots of punters also back the horse. You then lay the horse for PS134.
Let's now see how you can make a profit. Your horse will either win or lose the race.
You will win PS300 @ 3/1. You will need to make a lay bet. This will result in you paying out PS268 (PS134@ 2/1). Your profit equals PS300 less PS268 = PS32
If your horse loses, you will win your lay bet and collect PS134. However, you will lose your PS100 win stake, and be left with PS34 profit.
You can make sure you walk away with a profit by placing a horse at an affordable price and backing it at a higher cost, even before the stalls open!
You can also reverse this process. In other words, you can place a wager on a horse to lose and then, when it falls, you can back it to secure the profit.
Name your price: before the appearance of betting exchanges, when placing a bet on a horse you would have to take the price offered by the bookmaker. You would be laughed at if you claimed you wanted 3/1 despite the fact that the odds on a horse were only 2/1. Not so with Betfair. Betfair allows you to place a bet on the horse at 3/1. If someone else is interested, your bet will match.
Bet in running: Betfair lets you continue betting on an event even after it's finished. This capability brings with it a whole new betting experience, but its not for the faint hearted. As you might expect, the betting market for a horse race can change dramatically and extremely quickly, as horses jostle for position in a 5 furlong sprint which is over in less than a minute! Pitting your judgment and opinions against other punters as the race unfolds is very exciting, but equally risky. However, it is an experience that the traditional bookmaker simply cannot hope to match.
Never close your account. We have all seen photocopied letters from bookmakers advising us that accounts were closed. Bookmakers can see your business as a liability if you make consistent profits from betting. He is only happy to take your bets if over time he is taking more money from you, than he is giving back. If it is the opposite, which all punters want, the bookmaker will always pull the rug from under you. Betfair, on the other hand, will not close your account. They charge a commission based upon your winnings, so in fact as long as you are winning, then they are making money too.
Unlimited stakes: I can remember plenty of times when I have received word about a horse and visited my local bookmaker to place a bet. The assistant who was serving me at the time would scamper into the office and ask the manager if I wanted to place a bet on the nag at 12/1. She then said that I could only have PS20 at 12/1, but that the starting price (which is controlled by the bookmakers) would be allowed. These transactions do not occur on exchanges. Dewagg asia alternatif If someone is willing to place a bet on your horse at PS500 at 12/1, or if there are multiple people who have the same stake as yours, then you can strike your bet.
Your entire betting bank is in one location: Most people have opened accounts with multiple bookmakers at one time or another. This allows us to take advantage of the lowest price for a horse. However, by spreading our betting bank across a number of accounts, we are diluting our money  we may want to back a horse for PS100 but find we only have PS50 placed with the bookmaker offering the best price. Sure, we can move funds between accounts, but it all amounts to an inconvenience. All your funds can be deposited to one betting exchange, so you have the ability to place all your bets and your money can work for you.
Wide range of sports: betting on the exchanges is not restricted to horse racing. Just as with the bookmakers, you can bet on a variety of sports, and quite a few other markets besides. Take a look on Betfair today and you may well be able to wager on sports such as Australian Rules football, pelota(?) and ice hockey. But you can also bet on the financial markets, politics, and even the contestants in game shows such as Big Brother.
You can place your bets 24 hour a day. How many times have you read the Sporting Life at 8:00 am at the breakfast table and learned about the Pricewise bet for the day? You obviously cannot bet at the local bookmakers because their shop doesnt open til 10 oclock. You think, "hey, Ill bet online!" But they haven't priced the race yet. Betfair allows you to place bets whenever you like. Betfair allows you to take advantage of early prices, before everyone else begins betting on the same horse. The price then collapses. You can post all your bets before you go to work, taking the odds available, or naming your price.
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