[{"data":1,"prerenderedAt":97},["ShallowReactive",2],{"\u002Fguides\u002Fwhat-is-betfair":3},{"id":4,"title":5,"authors":6,"badge":6,"body":7,"category":85,"date":86,"description":87,"extension":88,"image":6,"meta":89,"navigation":90,"path":91,"seo":92,"stem":95,"vimeoAspect":6,"vimeoId":6,"__hash__":96},"pages\u002Fguides\u002F04.what-is-betfair.md","What is Betfair?",null,{"type":8,"value":9,"toc":77},"minimark",[10,25,30,33,37,49,53,61,65],[11,12,13,14,18,19,24],"p",{},"Betfair is a ",[15,16,17],"strong",{},"betting exchange",", and it is the one most Australian matched bettors use. Instead of betting against a bookmaker, you bet against other Betfair customers, which means you can ",[20,21,23],"a",{"href":22},"\u002Fguides\u002Fwhat-is-a-lay-bet","lay"," bets as well as back them.",[26,27,29],"h2",{"id":28},"how-betfair-is-used-in-matched-betting","How Betfair is used in matched betting",[11,31,32],{},"Every matched bet has two parts: a back bet at a bookmaker and a lay bet on an exchange. Betfair is where you place that lay bet. You lay the same outcome you backed, so whatever happens, the two bets cancel out and you keep the value from the bookmaker's offer.",[26,34,36],{"id":35},"commission","Commission",[11,38,39,40,43,44,48],{},"Betfair charges a small ",[20,41,35],{"href":42},"\u002Fguides\u002Fwhat-is-commission-on-betfair"," on your net winnings in each market. The ",[20,45,47],{"href":46},"\u002Fguides\u002Fhow-to-use-the-matched-betting-calculator","calculator"," accounts for this, so the profit figures you see already include it.",[26,50,52],{"id":51},"is-betfair-the-same-as-a-betting-exchange","Is Betfair the same as a betting exchange?",[11,54,55,56,60],{},"Betfair is a betting exchange, the largest one. If you want the general idea first, read ",[20,57,59],{"href":58},"\u002Fguides\u002Fwhat-is-a-betting-exchange","what is a betting exchange",".",[26,62,64],{"id":63},"next-steps","Next steps",[11,66,67,68,72,73,60],{},"Learn how to size your lay bet correctly with ",[20,69,71],{"href":70},"\u002Fguides\u002Fwhat-is-liability","what is liability",", or read the ",[20,74,76],{"href":75},"\u002Fguides\u002Fwhat-is-matched-betting","complete guide to matched betting",{"title":78,"searchDepth":79,"depth":79,"links":80},"",2,[81,82,83,84],{"id":28,"depth":79,"text":29},{"id":35,"depth":79,"text":36},{"id":51,"depth":79,"text":52},{"id":63,"depth":79,"text":64},"Basics","2026-06-18","Betfair is the betting exchange most Australian matched bettors use to lay their bets. Here is what it is and how it fits into matched betting.","md",{},true,"\u002Fguides\u002Fwhat-is-betfair",{"title":93,"description":94},"What is Betfair? The Betting Exchange Explained","Betfair is the betting exchange most Australian matched bettors use to lay their bets. Learn what it is and how it fits into matched betting.","guides\u002F04.what-is-betfair","8I0Ia33CsS4GEz59Zt6C6ODMkUdl1d7By_4TofvXX2M",1781933160154]