What Is Betfair? - dummies

What Is Betfair?

Part of Winning on Betfair For Dummies Cheat Sheet

Betfair.co.uk is a unique online betting site where thousands of people bet against each other every day. (Country restrictions do apply.) Betting against people online means you can get better odds, and it opens up many new options that haven’t been possible before.

Betting against other people means you can choose whether to back (bet for something to happen) or lay (bet against something to happen) by offering odds to other bettors. This gives you lots of different possibilities, such as choosing the odds at which you bet at, betting during an event (in-play), and making multiple bets on the same selection to try and guarantee a profit (trading).