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.
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