Betfair Starting Price

I get asked a lot whether it’s better to bet direct to the Betfair exchange, or to use BSP (Betfair Starting Price).

To give myself a short break finishing the new Trading Service and content for Hedger Pro, I thought I’d write a short post covering some key points on this question.

This is the Betfair explanation of what BSP actually is.

Betfair’s Starting Price is different. It’s based on bets placed by both backers and layers in any market – there is no margin for profit built in - and that’s why we think it will give you much better odds.

Unlike other bookmakers' Starting Price, the Betfair Starting Price will be determined by balancing bets from customers who want to back and lay, so because it's other customers placing the bets and because there is no margin for profit built in, you are far more likely to have better odds than the bookies' SP.

Betfair Starting Price will be calculated exactly to ensure the fairest and most transparent odds possible for both backers and layers. The Betfair Starting Price does not need to account for a profit margin but instead is calculated at the start of an event by looking at the relationship between the amounts of money requested at SP by opposing customers and by looking at unmatched Exchange bets.

betfair starting price

As someone using Betfair regularly, is it better to use BSP compared to direct to the exchange, this is the question and it depends on what you’re doing, because if you’re just placing straight bets each day, not trading, I do think BSP is better for a variety of reasons.

One of which is that I think you end up with better odds in the long run, and with no hassle getting your bets on, as you’re not having to consider liquidity.

The main reason though is that it keeps you organised, given you’re able to trace all the odds on each selection very quickly, as they are recorded online across a variety of websites.

You can of course scan through your Betfair account history to keep record