Australian Betting Exchange
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YOUR BETFAIR PUNTERS' GUIDE
 
Back Nadal
$20 backed
at odds of $8
Lay Nadal
$80 laid at
odds of $2
Your
profit
Nadal wins
You collect $140
You pay out
$80
Nadal loses
You lose your
wager of $20
You collect
$80
Whatever Nadal's result, you win
$60*
*Less a maximum of five per cent commission on your net winnings.
RESULT
BETS
5. TRADING
TRADING BEHAVIOUR
It is possible to guarantee yourself a profit before an event has taken
place, a match has started or a race has been run ­ by trading. Prices
constantly change on Betfair, which means you can guarantee a winning
position by backing a selection at high odds, then laying it at low odds,
or vice-versa. And you don't necessarily need to be a big punter ­ this
can sometimes be done with relatively little money in your account.
TRADING EXAMPLE
You back Rafael Nadal to win the Australian Open by investing
$20 at $8 before the start of the tournament. If Nadal wins, your
profit is $140.
Nadal makes a great start to the tournament, advancing to the
quarter-finals, while the favourite Roger Federer is knocked out. Nadal's
odds on Betfair shorten considerably ­ you can now back him at $2 to
win the tournament.
Lay Nadal at the shorter odds
of $2 to guarantee a profit,
whatever happens
Do nothing and hope
Nadal delivers the goods
You lay Nadal to pay out $80 at odds of $2.
This guarantees you a net profit of $60, whatever the result
YOUR OPTIONS
YOU DECIDE TO TRADE
TRADING FOR A GUARANTEED WIN
1
2
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BETTING
AS IT SHOULD BE.
P10
UNMATCHED BETS
Don't think you can only bet on what you see is available on screen.
It is possible to request a bet that might be matched by someone at
a later stage. For example, you want to put $100 on Roger Federer
to win Wimbledon at $1.50, but there is only $30 available at this
price. In this scenario, you get the first $30 matched straightaway,
and then jump to the front of the queue for the next $70. If another
Betfair punter decides to lay Federer at this price, then your bet will be
matched. However, if the bet never gets matched, then your $70 stake
is returned.
To check the status of any unmatched bets, click My Bets on the right-
hand side of the screen when you are looking at a market. You can
cancel unmatched bets at any time.
COMMISSION
Betfair charges you a commission of between 2% and 5% on your
net winning position in any market. If you lose in a market you pay no
commission. Betfair offers an incentive scheme for customers, where
you receive a discount (known as your Discount Rate (DR)) off the
Market Base rate (MBR). The more you bet, the greater your
discount, the lower commission you pay.
To calculate the commission you pay in a market, you first have to
reduce the MBR by your DR. For example, if the MBR is 5% and your
DR is 40% then the percentage of winnings you pay in commission is
3% [5 ­ (5 x 0.4)]. Now multiply this number by your net winnings. If
you won $20 you would pay 60 cents (20 x 0.03).
BETFAIR CONTRIBUTES TO AUSTRALIAN RACING
Betfair contributes to the Australian racing industry. Like other wagering operators Betfair pays taxes to the Government of the State/Territory in
which it is licensed and makes contributions to that State/Territory, regardless of where the punter is located and regardless of the State/Territory in
which the race in question is being run. More than 30 cents of every dollar that Betfair makes from Australian racing is put back into the Australian
racing industry.
OPEN YOUR BETFAIR AUSTRALIA ACCOUNT NOW