Join Betfair for free here and check out the great odds for yourself

Betfair also provides the exciting 'In-Play' betting option, where you are able to place bets on live betting events after the event has already started.

• Bet against fellow punters rather than bet into a total pool
• Bet for or against an outcome giving you more choices
• 20% better odds on average than the Australian TABs
• Trade bets to make a profit no matter who wins
• Bet live in-play on more sporting events worldwide

The Betfair concept is a simple one and here is an example.

Tom and Alex are best mates and like to have bets with each other either on sport and horse racing events on a regular basis.

Tom decides one Saturday that Geelong will beat Collingwood when they clash at the MCG that afternoon. Alex thinks Collingwood will win the game and offers Tom odds of $2.00 about Geelong winning the match. This means Alex will have to pay Tom $1.00 for every $1.00 that Tom decides to bet on Geelong.

Tom decides to have $20 on Geelong, which means Alex has to pay Tom $20 if Geelong happen to win the match on the day.

To save any arguments, a mutual friend named Jack is going to hold all the money until the game is over and then Jack will take a small commission for his trouble, before paying the winner.

Betfair, being much like Jack, is a betting exchange that holds bets for punters all over the world, but instead of betting with your best mate for cash, you are betting with other punters around the world online.

Betfair not only offer great odds for punters, another big advantage they have over the TAB is the ability to lay bets on any event. If you think the favourite cannot win the main race of the day, then Betfair gives you the choice to lay the favourite to lose.

Wagering at Betfair gives you complete control over your betting. Back a selection to win or lay a selection to lose, it's that simple. You can even trade bets to make a profit no matter what wins.

Placing a bet at Betfair makes it possible to guarantee yourself a profit before an event has taken place, by trading.

With constantly changing prices, you can guarantee yourself a winning profit by backing a selection at a higher price than you lay it. This means you will make a profit no matter who wins the event. Another great reason to have a Betfair account. Join Betfair here

Betfair opens up a wonderful world of betting opportunities because odds available are generally 20% better on average than the Australian Tote, and because there are no margins factored in, they are often much better than corporate bookmakers.

Compare Betfair odds to the Australian TAB on these major races in 08/09 season.

Seeking out the best price for your bet is essential for any punter, whether a novice or serious punter, and accepting poor value for your wager is not a good punting practice for long term profit. If value is important to you, and it should be for all punters, then you simply must have a Betfair account.

For more specific information on what Betfair has to offer then please visit our Betfair review page.

Check out the top odds on offer each and every day at Betfair!

Click here to join Betfair for free!

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