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The Proof;


Betfair Exchange offered the best odds on;

  • Premier League football (Correct Score and First Goal scorer markets 2017/18)
  • Cricket (Indian Premier League 2018)
  • Tennis (Grand Slams 2018)
  • PGA Tour golf (tournament winners in 2018)
  • Horse Racing (ITV racing 2018)
  • Greyhounds (UK racing since 2017)

 

Best Odds defined by one of the following metrics;

  • Lowest overrounds – Premier League, Cricket and Tennis
  • The odds of the winner of a stated event - Golf
  • The odds of all participants in a stated event – Horse Racing and Greyhounds

 

Prices compared against leading UK bookmakers and excludes enhanced prices and specials. Data collected via Betfair historical price storage, TX Odds and Oddschecker.


What is an overround?

The sum of the quoted probabilities across all selections within the market.


Why are we using the overround?

The overround shows how much margin is being taken from the market by the laying sides. As such, the lower the margin the more value to be taken by the backing side.

Betfair chargescommission on their Exchange markets?

For the purposes of this exercise we have incorporated the commission charge (5% charge on your winnings, other charges may apply to some customers).

 

The Data

Premier League Football

Data compares the Betfair SBK and Betfair EXC (minus 5%commission) average overrounds on First Goal Scorer and Correct score markets in the 2017/18 English Premier League football season.

 

 

 

IPL Cricket

What are we doing?

Betfair pulls data from selected competitors using the TXOdds feed and then compares it to the Exchange prices offered. The bookmakers included in this feed are Coral, Ladbrokes, Paddy Power, SkyBet and William Hill. All data is pulled using the same timestamp; for the 2018 IPL season we use the scheduled start time of each match..


 

Tennis Grand Slams

What are we doing?

Comparing the average overround of the 2018 tennis majors (Australian Open, French Open, Wimbledon and the US Open) based on the starting time of all main draw singles matches (Match Odds only) from the tournaments.

 


 

 

PGA Tour Golf 2018

What are we doing?

Comparing the highest price matched of a selection on the Betfair Exchange market (minus 5% commission) for pre-play bets against the highest price offered by any bookmaker at tournament start. The selections used are the winners of each event on the PGA.

 

 

2018 ITV Racing

What are we doing?

The Betfair Exchange (minus 5% commission) had the best odds on ITV racing in 2018. The Betfair Starting Price was compared against official industry starting prices for all runners in ITV races in 2018.

 

ITV Racing

January 1st - 30th November 2018

Number of selections

6013

Number of selections where BSP>ISP

5641

Number of selections where ISP>BSP

372

Percentage of selections where BSP>ISP

93.8%

 

UK Greyhounds

What are we doing?

The Betfair Exchange (minus 5% commission) had the best odds on all UK greyhounds since January 1st 2017. The Betfair Starting Price was compared against official industry starting prices for all runners.


Since January 1st 2017

Number of selections

374,001

Number of selections where BSP>ISP

334,657

Number of selections where ISP>BSP

39,344

Percentage of selections where BSP>ISP

89.48%

 

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Best odds on Premier League football, cricket, tennis, golf, horse racing and greyhounds. Prices compared against leading UK bookmakers and excludes enhanced prices and specials.

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