Betfair Details
What is the Betfair exchange?
In short, there are bookmakers, where people play with bookmakers who control everything (coefficients, volumes, etc.). And Betfair (English: fair bets) — excludes the participation of bookmakers. Bets occur between the exchange participants themselves, that is, the game takes place between each other, such as disputes.
Betfair ensures customers a great pool of markets https://www.onlinebettingaustralia.com.au/bookmaker/betfair/
The whole thing is automated and very technologically advanced. For myself, I highlighted the advantages of working with Betfair in contrast to bookmakers:
a fully automated system (probably some still go even to the bookmakers ' office to place bets);
the odds are higher (bookmakers always! they put their margin in the coefficient);
the coefficients are controlled by the users themselves (any user can place a bet with any coefficient, the question is who will support it, so everything is within reason);
very convenient functionality for live bets (during the game, the coefficients change, you can pick up your bet at any time and, for example, rearrange it to another outcome), there are also "against"bets;
maximum statistics (the progress of a sports event is visually displayed in the system, everything is shown, goals, time, who scored, team lineups, the results of recent matches, yellow cards and a bunch of everything);
convenient deposit and withdrawal of money.
