Betfair continues to offer value with better Spring Carnival odds
Betfair, the only betting exchange in Australia, continues to lead the way in terms of value for punters during the Spring Carnival.
If a punter were to place a $20 bet on all spring Group 1 winners to date, your payout would’ve been approximately $684.21 more than Sportsbet.
Betfair averaged a remarkable 15.85% better odds compared to Sportsbet across Group 1 winners during the spring.
Disclaimer: Payout price stated is based on all winners across all Australian Group 1 races from the 19 August 2023 to 12 November 2023. Odds taken an average of 80.8 seconds from the jump. Betfair odds are net of commission.
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The best example came in the Group 1 Caulfield Guineas, won by Griff.
A minute prior to the jump, Griff hit odds of $51.15 on the Betfair exchange, compared to the $35 being offered with Sportsbet.
If you wagered $20 on Griff to win the Guineas at $51.15, a return of $1023 was set to hit your Betfair account.
Compare that to the $35 odds on offer with Sportsbet for a $700 return.
Throughout the spring, Betfair has supplied better odds on all but five Group 1 winners.
Better odds were on offer for Without A Fight in both the Caulfield Cup ($8.93 compared to $8) and the Melbourne Cup ($8.74 compared to $8).
Betfair continues to grow in Australia, and with results such as these posted throughout the Spring Carnival, more punters will head to the exchange, resulting in better odds for punters.