Oddsbörser

You can back Brazil to win at odds 4.80 and at most with EUR 1,000. This means that other exchange members are offering odds 4.80 to you, each with some amount, totalling EUR 1,000.

If you want to bet for Brazil, 4.80 is thus the best price you can get at the moment. If you bet EUR 200 at these odds, your bet will immediately be matched, and you're on! You can place a betting offer at higher odds, for instance stating that you want to bet EUR 200 at odds 4.90. That offer will then stay at the exchange until, possibly, someone takes you up on it.

When the EUR 200 bet at 4.80 was matched, the EUR 200 was locked at your account. If Brazil go on to become World champions, then you'll get them back plus receive the profit of your bet. EUR 200 x (4.80 – 1) = EUR 760. If not, you've lost the bet and the EUR 200 is paid to the counterparty at the exchange.

The exchange is not counterparty to your bet. They don't care if you win or lose. What they provide is an efficient and anonymous mechanism for entering and matching betting offers and a mechanism to ensure, that you get paid. When you enter a bet with someone, their potential loss from the bet will be taken from their account at the exchange and held by the exchange until the bet is settled in order to guarantee that they can pay winnings to you.

You'll see that there are offers for you to back Brazil both at 4.80 and at 4.70. Assume that you want to bet a total of EUR 2,000 for Brazil. You can then place EUR 1,000 at 4.80 and EUR 1,000 at 4.70. In total, you placed EUR 2,000 and got average odds of 4.75.

Sometimes, the volume at the best price is quite low. For this reason it's good to know what the 2nd and 3rd best prices are. If you place your mouse pointer in the odds tables on an exchange prices the best three prices will appear on your screen.

När du backar ett spel på EUR 200 till 4,80 på Brasilien för att vinna och det matchas, så har en eller flera personer tagit ställning emot det spelet. Medan du backade så bokade dem Brasilien. De spelar alltså emot att Brasilien skall vinna.

Du kan göra samma sak, spela emot att något skall inträffa. Det är typiskt något du inte kan göra hos en bookmaker och en av de stora fördelarna med en oddsbörs.

När du backar något så vill du naturtligtvis ha så högt odds som möjligt. Motsatsvis när du bokar så vill du erbjuda så lågt odds som möjligt. Så i exemplet ovan är den bästa möjligheten för dig just nu att boka Brasilien till 5,00. Du kan naturligtvis erbjuda lägre odds, men inledningsvis så kommer din bokning inte att matchas.

Anta att du bokar EUR 50 till oddest 5,00. Om Brasilien förlorar så kan du behålla pengarna från de som backade. Om Braslien vinner så måste du betala dem/honom hans nettovinst om EUR 50 x (5,00 – 1) = EUR 200.

Så din risk är alltså EUR 200 och om du vinner så är din nettovinst EUR 50. Omvänt så betyder det att boka Brasilien till 5,00 är exakt identiskt med att backa Braslien att inte vinna till oddset 1,25 = (200 + 50)/200).

Betting exchanges make money by charging a small transaction fee. Rules vary from exchange to exchange, but here's a typical way of doing it: The loser of the bet pays nothing, while the winner pays a percentage, e.g., 5%, of his net winnings.

Returning to the back bet of EUR 200 at 4.80, the commission charged would be EUR 0 if the bet is lost and 5% of EUR 760, EUR 38, if the bet is won. Your net win post commission is thus EUR 722. And thus your net (realized) odds are not 4.80 but 4.61 ( = (200+722)/200 ).

So, at commission rate 5%, 4.61 are the commission free odds corresponding to back odds of 4.80. When you compare odds at betting exchanges to odds at bookmakers, you should take the commission into account as you don't pay commission at bookmakers. Similarly, different exchanges have different commission levels, so even though one exchange may have better offers pre commission, another may be the best post commission.

You have the ability to see odds net of commission. You simply register a profile and then enter your commission at the various exchanges. If you're not registered, you can still do it, using a set of default commissions we've entered. We will also show the lay prices net of commission. If you choose to see net odds then the odds table above will instead look like this:

While commission rules vary, two more features are common across most betting exchange:

• The commission decreases with the amount of your betting. Normally, the amounts required to get decreased commissions are quite high.
• The commission is charged on your net win on a market. Assume that you back Brazil to win and then later lay Brazil. In the end, you will both win and lose money on this market. Assume that Brazil wins, that your back win is EUR 100 and that your lay loss is EUR 80. Then you don't pay a commission for the full win of EUR 100 (which would be 5% of EUR 100, EUR 5), but only for the net win of EUR 20, i.e., 5% of EUR 20, EUR 1.

If you bet with a betting exchange, you should check the exact commission rules.