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Back a horse at a price and if the SP is bigger, you’ll be paid out at the greater odds. The 6:5 game has a 1.4% higher house edge, while the even-money game is 2.3% higher. Extra Fees – You’ll incur an additional charge when verifying your deposit by SMS. Launched in Australia in 2006, Betfair is licensed by the NT Racing Commission and is one of Australia's oldest betting sites. Conversely, the more inaccurate your prediction, the more you lose.
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