is it true betfair average better divis than other

getting sick of sportingbet fixed odds unders.is betfair better for backing winners.

Personally,i would say Yes buzzdnb.....Over time Betfair averages better odds,exspecially on roughies $20+ where the difference can sometimes be more than $10 & the lower priced winners $3 to $6 can pay upto $3 more than the other totes....But in saying this,i would set up an account in both & place the same bets over a period of time....Good Luck!

I'd agree - plus, on BetFair, you can specify the price you want. Whether or not you get it is another thing, but at least you don't feel you're getting ripped.
I just set my bot up to fire a certain time before the jump - very rarely (usually a quiet market) I'll get a price under the max tote.
ps. Place prices are much more variable on BetFair, but again, I think this is because place markets are pretty quite in Aus/NZ.
pps. Betfair is now offering besttote prices as well.

Betfair is virtually always better for win betting. All of the major bookies monitor it intensely to ensure they are never offering a higher price than they can lay on Betfair. Even the OddsBroker, which allows you to bet with multiple bookies, will refuse any bet where the fixed price is higher than the Betfair lay price because it is assumed to be an error. So you would have to be incredibly lucky to get a better price elsewhere.

thanks for anwers might give a go if divis r better

Yesterday was a good example of what i was talking about buzzdnb....Ararat 7 out of 9,betfair paid better & as i said with Roughies,there was a good example with LETSGETRYTHEM who paid $36.30 (Best Tote) & $85.00 (Betfair)...A huge difference of around $49

yeah was looking at results too.fav in last at towns paid under 3 on totes but paid way better on betfair. is it cause people are laying them so divis pay better seems to look that way either way looks better than every other sites final divs

bugger me the last at sandown yesty paid $11 maxi div and it paid $19 starting price on betfair that is such a massive differerence.wish i had of joined ages ago

With Betfair all outcomes on any event have to equal 100% or there abouts. That's why you get better odds on outsiders. Example when BC races, if she pays 1.08 that means she has a 92.59% (100/1.08) chance of winning, therefore all other runners have to equal the other 7.41%.
If your betting on a two horse race like tennis both players have to equal 100%. so if djokovic is paying 1.60 that means he has a 62.5% (100/1.60) chance of winning. Therefore nadal has to equal the remaining 37.5% so his price must be 100/37.5 which equals 2.60.
This is when the market is most competitive. With horse racing the market goes through 4 stages.
Stage 1. The evening before racing until around 9.30 am race day
Stage 2. From around 9.30 am until 30 minutes before the off.
Stage 3. The final 30 minutes prior to the start of the race.
Stage 4. The in-play market

You will see in stage one you won't get a true indication on the correct odds, it's not up until stage 2 and 3 where the market is competitive.
With other bookmakers they try to get you to bet at 120-130% of the book therefore you are taking unders and you will lose you money in the long run. It all depends on what favorites your backing buzznb if there long odds on there prices don't vary dramatically IMO. The real advantage is as cashcow said backing outsiders.

haha buzzdnb, I was betting on that last race at Townsville, talk about copping shocking unders... sometimes I reckon those in the know just go and bang on a ton of cash on the winner at the tab because they don't mind copping unders as they have access to the right inside info.
They probably have all been barred by the coporates and so have no choice but to stuff on a wad just before the jump.
I think the horse in question was POWER FACTOR, I remember it was 3.4 on betfair and 3.5 with coporates (at one stage 4.0 was bet). Couldn't believe that it paid 2.0 on NSW tab. Sure it bolted in but if you aren't in the "know" copping such unders will send you broke in the long term.
If you are serious about puning you have to be able to use betfair. Plus not only does betfair generally provide better odds (especially on "market movers") but if you can learn the art of trading you can enhance your odds even further by backing horses as they begin to firm and then laying them back as they shorten.
For example if u had 100 on Power Factor at 3.6 then laid back 90 at 3.4 you would have ended up with 260/100 (ie back 100 at 3.6) less 216/90 (ie lay 90 at 3.4) which equals 44 to 10.
But you also must take off the commision so at 5% (the top tier- the more you turnover the less comm you pay, my rate flucuates between 2.8-3). So you take 5% off 44 which is 2.2 so you end up with 41.8-10. So thats a tote div of 5.18 (and unlike the tote betfair doesn't round down and steal your 80 cents Ie the 0.08).
That sure beats copping tote odds of 2.0.

to theraven
how have you found BF on straight SP compared to best of 3 totes.
i just don't have the time to trade.
I am looking to spread my bets a bit and thinking that may be a way to give the corporates a break for a while- but as I bet level stakes the best price is critical.

cheers and thanks in advance

aussie

Aussie - check out the new Tote Extra service on BF, or even better, buy a bot and let it do the work for you.

joseblow
yes I have looked at the BF offering.
unless I am mistaken it is a bit ordinary.
mid tote for non-metrops and best tote for metrops.
we all can get that or better off half a dozen corporates.
even when they outsourced it to Sportsalive ( may they RIP) they gave you best tote within limits on non-metrops.

as far a bot goes - it won't get you the best price unless you sit next to it.
at least for all the bots i have seen.
if there is one out there that can "read" the market and make a prediction based on volumes and timings etc and consistently place your bet at the top of the market - well hey now we are talkin' ( assuming those predictions are accurate).

cheers

aussie

Hello aussielong.
Mate to be honest with you I don't know a lot about betfair SP. I don't have a problem with work interfering with my betting. My policy with betting is if your working then don't bet (or if u must bet then reduce stakes and just have bets that are based on a method that can show a profit at best tote, maxi div or betfair sp or whatever method that you can use whilst not working. )
When I have taken Betfair SP , I must say that I haven't been over impressed with its results, you get the occassional overs but you also get some unders.
The best way if working to get OK prices from betfair would to take the advice of josefblow which is "buy a bot". The good thing about bots is that you can program them to put a bet on the exchange at say 1 minute before the race so if you do that you will probably significantly outperform the betfair SP (but as usual the only way you can be sure is by keeping records and testing it yourself).
Once you get the "hang" of how to use a bot you could work out the most optimum times to program into your bot. You might find it more effecient to split your stake into say thirds and program the bot to place a portion of your bet at say 2 minutes before the off; then the next third at 60 seconds before the off, then the last third at 30 seconds before the off. Like anything you would have to keep records and analyse what works best for you, but if you put in the work and develop "mastery" with the bot then you will get the satisfaction of getting better returns for your bets. Like anything to do with successful punting, putting in the work is the key, as far as I know there is no easy way out.
Personally I haven't had to use bots for this purpose as I manage to avoid being at work when punting so I haven't much experience with them, but if I work commitments were getting in the way of punting then I would use a bot. I don't know which bots work the best. I think Betangel is one of the better ones.

the blokes who make money of trading (there cant be many) earn every cent they make. you have to take the racing out of it which for most of us is the best part. As aussie said it takes a ridiculous amount of time glued to the computer with no distractions. You literally have to be glued to the computer. And even if you are confident in your ratings theres no guarantee your selection will firm. I've found punters on betfair follow the money just like on the TAB.

Agree raven that it all comes down to you form or homework. You could have the best system/bot/money management program but you still have to find horses over the odds. Doesnt matter if it pays $10 on the TAB and $16 on betafir if the horse should be starting at 20's. Thats were it comes down to your rating system.

There was a bot called 'BetSniperPro' that promised to track the market and aimed to get the best price - but I'm not sure if it's still around? (looks like their site has taken a hit, or maybe they just don't know how to use Wordpress).