Bet In-Play with Betfair, Australia's only betting exchange. (Photo by Vince Caligiuri/Getty Images)
Betfair - How does In-Play Betting work?
Betfair offers in-play live betting on a range of Thoroughbred & Harness races and Sports meaning you can BACK or LAY, from the start of an event until the market is suspended – at the end of the event/race.
For Racing, you can do this entirely on the Betfair Exchange or over the phone. For sports, live betting is only available over the phone.
In-Play Betting at Betfair
In-play offers punters more opportunities to find value as markets fluctuate when circumstances change throughout a match or race.
For example, if the favourite horse in a race misses the start, or the underdog soccer team scores the first goal, the favourite will drift (bigger odds) as the market (people) think that the horse or team is less likely to win which is logical.
IN-PLAY EXAMPLE:
$97,473 traded on Winx BSP $1.13 traded high In-Play $1.44 – 2017 Chelmsford Stakes.
In-Play Racing
Horse racing markets will be declared ‘in-play’ – denoted by the icon in the market view – at the ‘off’, or the commencement of the race.
ONLINE & PHONE BETTING:
Bet online – simply wait for the ‘in-play’ icon in the market view.
Bet over the phone – call 132 Bet (minimum bet size is $50).
WHERE CAN I BET IN-PLAY ON RACING?
Australia – All Thoroughbred & Harness win markets.
New Zealand – All Thoroughbred win markets & Friday NZ metro harness (Addington & Alexandra Park)
International – Thoroughbred win markets across selected racing around the world.
In-Play Sports
Betting online in-play on sports is unavailable in Australia due to legislation. However, you can bet in-play over the phone with Betfair.
As shown below, a sports market will prompt you with the option to bet in-play over the phone when it turns in-play.
Third Party Betting Applications
If you’re looking at enhancing your betting experience and are interested in trading in-play using an application faster than the traditional platforms then we recommend checking out third party betting applications.
Some features of these products include:
One Click Betting
Easy Trade Out
Profit Calculators
Fast Refresh
Automated Trading
Betfair Exchange
How does the Betfair Exchange work?
The Betfair Exchange profits through charging commissions rather than by including a profit margin like a regular bookmaker does.
A betting exchange provides members with opportunity to bet against each other rather than a bookmaker and Betfair take their clip only off winning punters.
Betting exchanges allow users the flexibility to find odds and markets they want rather than risking a bookmaker who can dictate the stake and price for a selection.
