User:Aiden23/driving

Welcome to The Betfair Wiki edit What is Betfair? — In the UK, Betfair provides a betting exchange, quite different to a traditional bookmaker. A betting exchange is essentially a stock market platform taken across to betting on racing and sport. Customers bet against each other not against Betfair. Think of it as like two mates in a pub with opposing views on a game and having a bet. Betfair works like an impartial barman in the pub who holds the money until he gives it to the winner. Betfair give you all the guidance you need, and we encourage winners! We don't ban or cut back as is the case with many bookies who limit stakes or close accounts if anyone "dares" to beat them. It doesn't matter to Betfair, because we take no position in the markets. Backing & Laying — On Betfair you can back and lay. To Back a selection means you think it will happen , like you'd do at a traditional bookie. Or you can take the opposing viewpoint and Lay if you think your selection will not happen. Every fixed-odds bet, whether it's with your local High Street bookie, a betting exchange or even two mates in a pub, requires a backer and a layer, you've probably just never thought of it that way. Imagine two guys betting a pint on the Merseyside derby - one cheering Everton, one cheering Liverpool. The Everton supporter is automatically opposing, or laying, Liverpool if he decides to go with his heart. Likewise the Liverpool fan backs his team for a pint, but is laying Everton in the same process. Lay betting is the other half of the deal from a back bet. Both are bets but opposing views. For more information on lay betting click here. Ready to Start Betting? Why not Open an Account and have a free £25 Bet on Us!