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first opened it site
in June 2000 and quickly established itself as one of the largest betting
exchanges in the world, with a turnover in excess of 50 million per week.
What made betfair.com
unique and different from other traditional bookies was
that you could now back or lay the potential outcome of an event. This was
originally quickly picked up on horse racing (betfair.com
first main market)
because you could now back a horse to win or you could in effect back it (lay
it) to lose.
One other thing that also stood out was that betfair.com
does not charge you commission if you lose, you only have to pay them (around
5% based on usage) if you win. So unlike traditional bookies they want you to
became more popular and more money entered the
markets it wasn't long before people began to realise that the prices on events
would move just like they do on the stock market for day traders, the only
difference is that we are dealing with an outcome of an event, rather than the
price of commodities.
In fact many people who use betfair.com
do not even
see themselves as gamblers because they are not interested in the actual
runners, players or teams they just want to trade on the prices.
Another thing betfair.com
introduced was "In running" or "In Play" which allows you
to actually trade during a race or match. It is very interesting to see the
speed at which prices can move during this time.
Being that betfair.com
is really just a computer programme it wasn't long before software developers
started to produce applications that would speed up the betting process and use
the information to help improve people's ability to trade. This was helped even
further when betfair opened its API to developers, allowing them to create more
stable applications and so start of the betting bot age.
has bought trading to the masses because you can start trading with
as little as £2.00 and you only pay them when you make money and remember
there is no tax on gambling (yet).
Many traditional traders have
moved to Betfair and other exchanges and we suspect many betfair.com
gone on to trade on the commodity markets, after learning their skill on
There is over £200,000 bet on each horse racing market
daily and even more on some other events so there is no shortage of money
available, to take up a position on this unique trading platform.
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Swindon, Wiltshire, SN1 4AS. Company No 5961791