How Betfair Betting Works

It’s never easy being a sports fan. You either love your team so much that you’ll do anything for them, or you hate them so much that you’re rooting for their rivals. There’s a middle ground, though. You might be a bit of a neutral, which is perfectly fine, as long as you know how to bet on sport. This article will tell you exactly how to do that, starting with the basics and working your way up to the tricks of the trade. Let’s get to it.

The Basics

To start things off on the right foot, you’re going to need some form of currency conversion. The United Kingdom (UK) uses the penny to pound sterling (GBP) converter to keep track of the rate of exchange between the two currencies, so you’ll need to use that. To make matters worse, you’ll also need to use a different rate for online betting compared to offline betting. That’s because when you bet online, the odds are always going to be different to live games. You have to use a different rate for online betting, otherwise you’ll be losing money. It’s all quite confusing, which is why we’ve gone to such great lengths to explain it to you here. You’ll have to get used to using these different rates, so it’s best to just get started and not worry about it too much. Once you’ve mastered that, everything else will seem quite straightforward. Let’s get down to business.

Making Your First Deposit

Now that you’re all warmed up and ready to bet, the first thing you’re going to need to do is make your first deposit. To make it simple, all you need to do is visit the Betfair website, register an account if you don’t already have one, and make a deposit. Don’t worry about picking an odd name for your account. You can change it later on, if you want to. Just make sure you use a trusted and verified provider to ensure your account is safe. After all, you’re going to be putting money in it, so you want to be sure it’s done safely. You’ll then need to follow the on-screen instructions to verify your account and complete the registration process. Your account will then be activated and you can get to work.

Getting Started With Betfair

Betfair is a well-known sporting betting website, which means you’re already familiar with most of the functions on the platform. When you get to the site, you’ll see a variety of sports with betting options. There will be football, tennis, golf, cricket, and others. You’re not going to need to worry about finding an odds-accepting bookie. Betfair has you covered. You can also use their in-house software to create your own watch list, which keeps track of the sports and games you’ve chosen to follow. It’s quite similar to ESPN’s Wishlist feature, which we also cover here, but much more simpler to use. You can also use their in-house tools to analyze your watch list and determine the proficiency of your chosen games. Do keep in mind that you’ll need to use a VPN to protect your personal data while using these tools, however.

Using The In-House Software

You’ll also need to download and install the in-house software from Betfair on your device. This is completely free, but you can choose to upgrade to premium for additional features. As the name implies, the in-house software is provided by Betfair and it’s what you’ll use to place your bets. You don’t need to download and install any other software to do that. Just open the Betfair app and get to work. There are also various tutorials and guides to help you get started, which also come in quite handy. You’re not going to need to look for any other betting software to operate on your smartphone or tablet, as long as you have the Betfair app. The app is available for Android and iOS (Apple products).

Making The Right Choice

You’ll notice that there are various types of betting options available. Some people like to make a fortune from just a few lucky bets. Others prefer to spread their bets over a number of games to ensure they get their money back. It depends on your personal preferences and what works best for you. Just use common sense and make the right choice for your situation. Remember, you’re earning money here, so take things slow and learn from the experts. With just a little bit of research and preparation, you can become a confident bettor. There’s a wealth of knowledge on Betfair, which means you’re bound to find something that helps you in your quest to beat the odds. Good luck out there.