How does Betfair work : How do odds move on Betfair?

An alternative way to bet than regular sportsbooks, the exchange offers players the chance to be on both sides of the wager.. How does Betfair work? As a betting exchange, Betfair doesn't take bets. They match bets between backers (those betting on a horse to win) and layers (those .... Cash Out is a product from Betfair that allows you to lock in a profit or loss before waiting for the event to finish.

Betfair do the math to offer you a .... The odds are whatever buyer and seller agree on. A very pure form of free market economics. Let's use a horse race to illustrate how it works..

Online betting was very different from traditional high street bookmakers. There were no bookies offers, free bet offers didn't exist, no ....