You are backing that an outcome will indeed happen. So, before you sign-up to Betfair, be sure to read on and find out all about how to back and lay bets on Betfair.īACK bets are just the same as you’ll find on other sports betting websites. Think of it as either being the bookmaker yourself, or betting against a bookmaker, except in this case, the bookmaker is just another regular Betfair customer like you! This unique exchange style of betting offers punters two types of options - back and lay. ![]() This basically means punters are betting against each other and Betfair just takes a small commission. Why is this? It’s because unlike other online sports betting websites, Betfair is an ‘exchange’ as opposed to a ‘bookmaker’. ![]() Betfair is one of Australia’s best online sports betting websites because they often have the best odds. The bookie sets the odds, you place a bet and you either win, lose or sometimes tie. ![]() No doubt you are familiar with how online sports bookmakers work.
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