Betfair is divided into two parts, sportsbook and exchange. In the Betfair Exchange, punters can take both the role of punter but also bookie. This means punters challenge punter, while Betfair act as an intermediary.
This often results in greater odds, but Betfair does charge a commission on the winnings.
However, as Betfair points out, despite the commission percentage, the punters backing a bet still make a greater profit with Betfair Exchange, compared to other sportsbooks.
Read more about the examination here.
- Calculated using Betfair Exchange overround within 60 mins of the off, compared with bookmakers in TXOdds and BetRadar feed
- Comparison includes 5% Commission, other charges may apply
- T&Cs Apply