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My Football Writer welcomes Betfair odds and a FREE ?10 bet for every reader!

5th March 2008 By Latest News Leave a Comment

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The sharper knives among you will know that here at My Football Writer we do like the occasional flutter, a little something to make things interesting. It has to be said, we like a bet. It's what our good friend Jimmy The Book was made for.

Not only does he turn up every Thursday on the site with his tips for the weekend's action (he's an accumulator kind of guy, long odds merchant, but when he wins we all know about it), but he also scours the bookies to bring you the best possible odds should you fancy a wager on City.

If you're yet to read his Thursday column, give it a go. You'll certainly learn something about the fine art of betting even if you don't actually win any money… his prefered wager is the Yankee, four games, 11 bets, 50p a bet, total stake ?5.50, any two come in and you win. The column comes preloaded with odds from tradional bookie, Victor Chandler, just click the link to open a betting slip to join in the fun.

But enough about that, enough about the traditional bookie. See, we're rather exited because we've dragged our Jim into the 21st century and teamed up with Betfair, the world's biggest betting exchange, to bring you the sort of prices traditional bookies would quiver at. No more scouring for Jimmy, because the very best Norwich City prices are now just a click away on this very homepage.

What's more, we can offer every reader a FREE ?10 bet if they sign up for a Betfair account from My Football Writer. To get your free ?10 bet, click here.

Betfair is not like traditional bookmakers and since its launch in 2000 its betting model has revolutionised the betting industry. You see, a betting exchange allows punters to bet at odds set and requested by other punters rather than by a bookmaker. Members can make both 'back' and 'lay' bets, thereby eliminating the traditional bookmaker because all bets are matched by the customers.

A traditional bet is a 'back' where you would bet on a selection to win, whereas a 'lay' bet is effectively betting a selection to lose. It's so cunningly simple you have to marvel at its brilliance. You want to put ?2 on City winning, fine, so long as there's someone who's prepared to put their ?2 on City losing, and there almost always is. Fancy bigger odds on that win? Set them up and wait to see if someone bites.

Betfair also uses decimal odds, which includes your stake and are easier to calculate with than fractional odds. For example, 5/2 is represented as 3.5 (5 divided by 2 +1). A winning ?10 bet at 3.5 would return you ?35.

Why Betfair's best
– The odds are up to 20% better than traditional bookmakers
– You can choose your own odds
– You can now lay as well as back selections (ie. Bet on them to lose)
– Betfair uses decimal odds, which are easier to calculate with than fractional odds. Backing a Norwich win at 2.1 means for ?10 you will win ?21 including your stake. Easy.
– ?10 free bet for all MFW users
– You can view latest odds and go straight to the market from your club's homepage.


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