Home I Odds I Betfair Betting Odds and Markets
To be a successful bettor you need a lot of experience and knowledge about betting markets and odds. In our Betfair Betting Odds and Markets Guide, we are focusing on these two important betting aspects. How to calculate the bookmaker’s margin is also covered in our detailed article. Don’t miss the chance to become a better gambler and win more from your bets!
Founded back in 1999 by Andrew Black and Ed Wray, the company had the unique concept of a betting exchange. Honoring their business concept, the company received the 2003 Queen’s Award for Enterprise in Innovation.
Betfair Group plc is the world’s biggest internet betting exchange with more than seven million transactions per day, more than all European stock exchanges combined.
Nowadays, the company is holding gambling licenses in nine different countries. With more than 1,800 employees and more that 950,000 active customers, Betfair is one of the biggest sportsbooks in the world.
Betfair betting odds are of decent quality, while the betting markets are varied, interesting, and very fun to play.
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Overall, the sporting selection is greater than what is offered by most other bookmakers. All of the biggest and most popular sports and leagues are covered, and there are usually a lot of betting markets for each fixture.
Betfair is a solid choice for every sports bettor. Unfortunately, new bettors might need some time to get used to the interface and all the options, because it’s not as beginner friendly as a standard bookmaker. However, you can bet on money line, handicap, and totals betting markets at Betfair. Of course, for selected games, you can bet on in-play markets and enhance the excitement even more.
We recommend to our eSports fans to check our detailed Betfair eSports Sportsbook Review, where we have focused a bit more on the benefits for eSports bettors.
In addition to all traditional betting markets, Betfair is offering some relatively rare markets such as chess, Gaelic games, futsall, and even netball. If you are wondering about netball, this is a new sport which is a mixture between handball and basketball. And the great news is that Betfair has betting markets for it already!
Betfair has a wide selection of different sports to bet on. From the most popular soccer, American football, tennis, boxing, basketball, and volleyball, to rare sports such as Gaelic football, chess, table tennis, and as we mentioned above, netball. All these sports are up at Betfair, waiting for your predictions.
In the following table, we have made a full list of all sports available at the company:
Betfair is offering all of the most prestigious competitions, leagues, and tournaments for the available sports. For example, if we open the football tab of the Betfair website, we can see UK Football competitions, Euro Elite, Fifa World Cup 2018, English Premier League, The Championship, UEFA Champions League, and much more related to this sport.
Of course, choosing a different tab will redirect you to a whole bunch of competitions for the selected sport.
Moving forward, we will take a look at Betfair betting odds offered for those competitions.
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Betfair’s betting odds quality is incredible. To check how good it is in general, we will make certain calculations using the bookmaker’s margin as a ranking factor. First, let’s explain why we are taking the margin as a standard for odds quality. Most professional bettors prefer using multiple systems instead of simple bets. If the sportsbook margin value is high, it can swallow the potential winnings.
But how do you calculate the margin’s value? Here is the formula:
And to be even more clear, we will add an example with the Betfair odds included.
Odds, in this case, are 1.36 for the hosts, 4.60 for an even result, and 9.0 for the guests from Slovakia. The calculations should look like this:
(1/1.36)*100 + (1/4.60)*100 + (1/9.0)*100 = 73.52 + 21.73 + 11.11 = 106.36
Betfair betting odds quality here can be considered as very good since the margin is around 6%. In the following table, we made the calculations for each sport available at the company. By tracking the margin, you will be able to bet on your favorite sports and maximize the profit.
As you can see from the table, Betfair betting odds quality is incredible for sports such as soccer, tennis, baseball, and basketball. Cricket is making an impression with a fantastic 2.5%, probably the best in the area. If you are fan of ice hockey or handball, you should definitely check our list of sportsbooks where you can find better odds value.
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