Make Free Money : Matched Betting

Betfair Poker New Breed – iPod Touch for all New Players at Betfair Poker!

New Breed. The world of online poker will never be the same again.

We’re thrilled to let you know that as part of our New Breed campaign, all new players signing up with Betfair Poker between the 25th March and 12th April 2009, will have the opportunity to get an iPod Touch, on top of their special sign-up bonus.

All they need to do is sign up, play Betfair Poker and the points they earn playing poker will earn them an iPod Touch!

This offer ends on the 12th April 2009 so don’t let your players miss out – encourage them to join the New Breed and sign-up today!

Additionally, players will also be given a chance of proving themselves against the very best in our $22,000 GTD New Breed Challenge on the 22nd March. All of Betfair’s sponsored pros, Annette Obrestad, Sorel Mizzi, Peter Jepsen and John Tabatabai will be playing in the tournament this weekend and displaying their ability to multi-task by Twittering at the same time.

Betting markets are all about percentages. Odds are just a representation of someone’s opinion of an event occurring. That opinion can be expressed as odds or as a percentage - as most non-gamblers would be familiar with.

There are ‘true’ odds which represent the exact probability of an event occurring (e.g. even money on Heads in a coin toss) and there are bookmakers’ odds (e.g. 1.9 on either side in a coin toss). A bookmaker adds percentage to his markets in order to turn a profit - this means his prices should be lower than the actual price of an event happening.

Bear in mind that only certain events can have their true odds calculated - the chance of heads on a coin toss, rolling a six or an Ace appearing on the river in poker. Calculating the exact odds in a horse race or sporting contest is impossible - there are far too many variables involved, thus it comes down to peoples’ opinions.

Think of a match odds market in football. A high-profile market on Betfair will always trade very close to 100%, the point where all the money going into the market equals all the money being paid out. Bookmakers run a business - they need to turn a profit, so they will price up a football match odds market to around 110%. This means for every £110 they take from punters as bets, they aim to only pay out £100. It doesn’t work quite that simply, they need to leave room for price movement and deal with taking more bets on one team - a 4% profit margin over a season on football match odds markets would usually be seen as a good year.

This means little to most Betfair customers as they are concerned with one or two runners, not the whole market.