Each sports betting platform has its own particularities, which can be seen in what it offers. While some forecasters simply bet on their favourite teams to win, others go much further by betting on their opponents to lose, and are even prepared to trade odds between punters. If you too have a deep desire to explore the world of betting exchange, it is advisable to have a user account with the professional Betfair. But before you get started, here's everything you need to know about their offer and the ultimate way to access it from Ireland.
Betfair is a platform that records thousands of new registrations every week. Betfair is a professional sports betting odds trader. What sets it apart from other betting exchange experts are the exclusive benefits it offers its community members.
With the Betfair professional, punters have access to a wide range of sports betting options. Firstly, the platform offers opportunities to bet on the sport of your choice. Among other things, you can win money by taking your chances on football, basketball, skiing, MMA, boxing, darts, baseball, tennis and even American football.
Secondly, every member of the Betfair community has access to international, national and regional championships. Simply consult the available matches tab to choose the match of your choice. The icing on the cake is that live sports betting is also available on the Betfair site. So you can follow the matches live and make predictions based on how the match goes.
Traditional betting operators are used to charging a margin on all bets placed on their platforms. This is the main reason for the lower value of the quotes on which you place your bets. In general, betting platforms charge a margin of 10% of your bet, which is not the case with Betfair.
With Betfair, it is the tipsters who play the bookmaker. The odds are set by them and the platform takes only 5% commission on the winnings of the punter who has made a correct prediction. So you have a double advantage with this professional. Firstly, you have the privilege of betting on the odds that suit you best. Secondly, you earn more money, because your supplier only takes 5% of the winnings.
Betfair allows members of its community to exchange sports bets even before the start of a match. This alternative offers the advantage of making money even without making a prediction on a sports match. In fact, the process is different to the trading system, where you have to buy shares when they are low and sell them when they rise in value. With Betfair, the user buys odds at their lowest and sells them at their highest. In this way, the profit made is the difference in odds between buying and selling.
Unlike traditional bookmakers, at Betfair you can win by betting on whether an event will happen or not. For example, in a match between Algeria and Brazil, you are free to predict whether one of the two protagonists will win or lose. This offers punters a number of possibilities; all you have to do is take into account every detail of the match to make a winning prediction.
The other key piece of information to know about Betfair and its Back & Lay offer is that it is not officially admitted and authorised in Ireland. Indeed, Irish officials in charge of regulating online gambling consider odds trading to be a practice contrary to the provisions governing sports betting in Ireland. However, it is possible to gain access to this interesting market if you use the right method.
To bet on exchange betting from Ireland, you need to subscribe to the services of a sports betting broker. Indeed, it is only through a sports betting broker that the Irish public can trade odds online. This is an intermediary that not only gives you access to betting markets that are not accessible in Ireland, but also takes care of betting for you according to your instructions. To access its services, you need to enter your personal details and have an electronic wallet. However, before choosing a broker, you need to make sure that it gives you access to Orbit.