Applies to Betfair Starting Price vs Industry Starting Price on all Cheltenham Festival races from 2008 to 2017 inclusive. Exchange Win markets only. BSP is a win only calculation and cannot be used for Each Way betting purposes. BSP's calculated with 5% commission deducted. Further charges may apply.
What is the Exchange?
Our Betting Exchange is the first platform ever built to allow customers to bet against one another, rather than bet against a bookie. With the Exchange, you can set your own odds, place traditional back bets, or play the role of the bookmaker and lay a selection. You can also bet in-play on a wide range of markets, giving you the opportunity to bet after an event has started. To find out more, click here.
Why should I bet on the Exchange?
- Get better odds
- Bet in-play
- Set your own odds
- Back and Lay
- What is the Starting Price? The Starting Price for any horse in any race has been determined by a sample of the on-course bookies who determine an aggregate price or odds.
- What is the Betfair Starting Price? The Betfair SP is determined by balancing bets from customers who want to back and lay on the Betfair Exchange. Because it’s customers placing the bets there is no margin for profit built in.
- 5% Commission has been deducted from all BSP returns.
- Applies to all horses running at Cheltenham between 2008 and 2017. Exchange Win markets only. BSP is a win only calculation and cannot be used for Each Way betting purposes. BSP is calculated with 5% commission deducted. Further charges may apply. Full terms at Betfair.com.