Sunday, Jul. 20, 2014

Betfair Basics # 1

Welcome to the Basics of Betfair Tutorial.

We will start with main the betfair screen. Navigate to Todays Horse Racing on the left hand side of the screen, then choose a horse race you want to look at. When you go to your chosen horse race, you will see this screen.

Betfair Basics

On the left side you have the odds available if you were to back the horse, and on the right hand side you have the odds available if you were to lay the horse.

The £’s below is the amount of money waiting to be matched by a backer or layer.

If we wanted to bet this horse to win, we would click on the back box and enter our stake on the bottom right of the screen, this will then show the profit we will make if the horse wins and the loss we will make if the horse loses.

The current best odds are shown in the coloured box, with the next best odds in adjacent boxes.

If we clicked on the lay side, we would be laying the horse to lose the race and the profit or loss would be shown in the box on the bottom right hand side of the screen.

Please note: You do not have to accept the money on offer. If you want to back Ben Hur at 3.25 instead of 3.15, you could click on the 3.15 button, and change the odds on the right hand side of the screen to 3.25 or 3.3. When you submit your order, your money will move over to the lay side of the screen and will stay there until a layer has accepted your odds and matched your bet, this will also work the other way around with laying a horse.

Play around with the Betfair interface until you are familiar with it. Click a few buttons and enter mythical odds, and stakes but dont press the submit button unless you want to place your bet. When you do finally decide to bet, use £2 stakes until you are happy with what you are doing.