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For example, you could bet on a fighter to win in a specific round and by what method they will win. You will also find ‘Over/Under Rounds Full Time Bets’ markets. With the bigger fights, we also offer proposition bets, and this allows you to bet on things such as how many punches one of the fighters will land or whether they will draw blood. Be sure to explore all of the markets carefully as by using them all you can put together a betting strategy that gives you a better chance of success. For all horse races, there are three basic types of bets, Win, Place and Each-Way.

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You do not pay a tax for winnings gained from Betfair, but you will have to pay a commission fee of 5% of the profit amount on markets you have won money on. This amount is deducted before you are paid, so you don’t have to worry about paying it yourself. The commission rate is reduced if you are a heavy user and place very many bets on the Betfair exchange. At the time of writing, and for as long as I can remember, the normal commission rate on the Betfair Exchange is 5% of all winnings on each market you bet.