Bet Fair Review

Betfair are another sports betting outfit that have decided to move into the world of financial market betting. The good thing about newcomers is that they can often be innovative, and one of the more interesting bets on offer is Bank Of England interest rates changes. Providing this type of bet is a clever way of easing people without a market background into the world of financials by allowing them to bet on a product that they may already be familiar with.

Make sure when you first visit their site that you click onto the Fixed Odds link, and don't go to their spread betting section - not unless you know what you are doing, or you are disciplined enough to keep you bets at minimum until you do know what you are doing.

Odds are expressed as decimals which is not a problem once you get your head around it. And inline with driving on the left, and daylight saving, the UK is pretty much the only country where odds are not expressed as decimals - so maybe its a move for the better anyway. (They do have a converter if you find that you cannot get used to decimals).

The range of markets at the moment does not include currency trading, but if you are a beginner maybe it is better to not have too much choice as that leads to the temptation to change markets before you have really understood how financial betting works.

Their software is very easy to follow, and for those moving over to financials from sport betting the terminology will be familiar. The retaining of phrases such as 'back' and 'lay' is very useful because although 'buy' and 'sell' mean the same thing, the words themselves can lead to confusion as most people at first do wonder how on earth they can sell a bet.

If you do have experience of sport betting, then Betfair are a good choice of broker as most of the bets are described in a way that most punters will understand even if they have no knowledge of financial markets. Overall, considering they haven't been offering financial bets for that long they do appear to provide a quite a well rounded service, and while other firms are closing, they are still going strong, so they must be doing something right to still be in the game.

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