A few questions

Hi and welcome to our forum! (I guess you are the first member in the english forum! )

If you go to betfair you will see that back and lay odds to the same outcome are really close to each other, that is because betfair works like a exchange market:

if you put a back bet for eg at brazil to win a match at odds 1.1 your bet will appear on the lay at 1.1 waiting to someone lay on your choice, so odds are not so different

to know the amount to lay you should use the calculator under tools, with it you can also share your bets.

please read the tutorial 3, there you will find a step by step example guide!

any questions just ask 

Welcome mate!

Finding good odds to match your bets it's not difficult at all...

As Marco said, the odd to lay an outcome at Betfair are similar to the odds to back the same outcome... (This is something related to the way that betting exchanges work).

Answering with your example, betting that Spain will beat Chile will PROBABLY have similar odds as betting on Spain not to beat Chile. However, in case the odds between the Bookmaker and Betfair differ more than 0.20, it is better to look for another game to bet on.

Your objective is to find an odd to back an outcome at some Bookmaker similar to a lay odd for the same outcome at Betfair.

The amount to bet on each side is given by our matched betting calculator, available in the "Tools" tab. You only have to insert the odds and the amount you wish to wager at the Bookmaker, and the calculator will give you the best amount to wager at Betfair.

Thanks,

but am i right in thinking that i want to be betting with an overall aim to end up winning at the exchange as opposed to the bookmaker?

if thats the case...do i need to be placing backing bets at the bookmaker that i feel will lose, but win at betfair

yes, your objective is to win as much times as possible at betfair!

but, if you only bet at betfair you are not covering all the possible outcomes and that will turn a risk free method of betting into a risky one (even if the odds are in your favor)

ok..

so what precautions can i make to ensure i dont keep winning at the bookmaker? should my choice of bets be centred around this...aka betting for something i think wont happen at the bookmaker?

Exactly! Make sure you choose the outcome with low probabilities to happen. The objective is to lose the bet at the bookmaker and to win the lay bet at Betfair.

As a personal strategy, i only place bets with odds higher than 3.0 to avoid winning at the bookmaker!!