{1 - 24} GreyGrey
{25 - 49} GreenGreen
{50 - 499} BlueBlue
{500 - 4999} OrangeOrange
{5000 - 24999} RedRed
{25000+} BlackBlack

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Could you explain the basics of the Betfair exchange?



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Simply put, the betting exchange is peer to peer betting. This means that bettors are wagering against each other. You don’t see this directly of course, you just select the bet at the price that you want on the exchange. A user can present a bet and any other Betfair user can match it and take it on. It cuts out the middleman of the bookmaker itself

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