Monday, June 22, 2009

Bypassing the Betfair Minimum Bet

The minimum bet on Betfair in Australia is $5. However, placing a bet for under $5 is easy. There maybe a number of reasons you may want to bet less than the minimum, particular if you are new to betting exchanges, or you are keen to trial and practice betting systems or strategies you may be testing.

Anyway the following steps should guide you through, and after practicing a few times you will pick the steps up really quickly.

1. Select the event you require










2. Chose your selection. In this case we will choose Djokovic. The following will appear in ‘My Bets’







3. Change the odds to a significantly higher amount (e.g. $17 to $90) – make sure it’s high enough it will not be matched, then put $5 in the stake box, then press “Place Bet’. You will now see that the bet is unmatched, so click on ‘Go To My Bets’ and you will see the following window.












4. Change the stake amount ($5 to $7) then click submit

If all is going well the following will appear:














Betfair breaks the $7 bet into 2 parts – the original $5 and the additional $2

5. We now want to cancel the $5 wager, while at the same time reducing the odds for the $2 bet back to normal















6. Finally click submit and you will have placed a bet for less than the minimum bet








To lay for under $5. All you need to do is follow the same steps but instead of offering increasing the odds, you need to reduces the odds - offer $1.01 is a good idea

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