Betfair has revolutionised the betting landscape in Australia and if you don't have an account at the world's biggest betting exchange then you are seriously missing out on some of the best value odds online.
Unlike your traditional bookmaker where profit margins are factored in on any wager, Betfair worksmuch like like the stock exchange does with shares and allows punters to bet against each other's opinion anywhere in the world, at any time of the day or night.
How Betfair differs to the TAB though, is you can Back a selection to win, plus they also allow you to Lay your selections to lose, giving you the best of both worlds and the opportunity for clever punters to make significant profits. Trade to make a guaranteed profit no matter which of your bets win!
Join Betfair right now and receive a $50 First Bet Refund when you place a first bet of $50!

To claim your $50 First Bet Refund simply open a new online betting account at Betfair using the promo code 'FBR427' and then simply deposit funds and place an initial bet of $50. If your first bet loses Betfair will refund your first bet of $50 back into your account. Claim your $50 First Bet Refund here now...
Terms & conditions apply and this offer excludes SA and VIC residents.
- Claim a $50 First Bet Refund on your first ever Bet on Betfair
- Bet against fellow punters rather than bet into a total pool
- Bet for or against an outcome, giving you more choices
- Trade bets to make a profit no matter who wins
- Better odds on average than the Australian TAB
- 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.
Betfair opens up a wonderful world of betting opportunities because the odds available are generally much 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.
| 2011 Autumn Feature Races |
Best TAB |
Betfair |
+ / - |
| Oakleigh Plate |
Eagle Falls |
$23.00 |
$28.00 |
+22% |
| Australian Guineas |
Shamrocker |
$39.60 |
$44.00 |
+11% |
| Bagot Handicap |
Rentaross |
$28.90 |
$32.00 |
+11% |
| Blue Diamond Prelude |
One Last Dance |
$2.90 |
$3.40 |
+17% |
| Armanasco Stakes |
Pinker Pinker |
$6.00 |
$7.40 |
+23% |
| Royal Sovereign Stakes |
Master Harry |
$9.60 |
$12.50 |
+30% |
| Triscay Stakes |
Kiss From A Rose |
$2.60 |
$3.00 |
+15% |
| Queen Elizabeth Stakes |
My Kingdom Of Fife |
$13.50 |
$16.50 |
+22% |
| Liverpool City Cup |
Triple Elegance |
$4.10 |
$5.10 |
+24% |
| Chipping Norton Stakes |
Danleigh |
$8.70 |
$11.00 |
+26% |
|
|
|
$138.90 |
$162.90 |
+17% |
It's plain to see Betfair odds are so much better than the below par dividends churned out by the TAB and that's why professional punters have a Betfair account because they require the best odds.
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.
Get Top Odds and a $50 First Bet Refund if you join Betfair today!

Join Betfair for free here now and get Better Odds than the TAB!
For more specific information on what Betfair has to offer then please visit our Betfair review page.