Here’s the Reason You Can’t Bet on Irish Lotto at Betfair (But Here’s Where You Can)
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Betfair has revolutionised the gambling industry since the company was launched shortly after the turn of the millennium.
Indeed, when it comes to sports betting, you’re unlikely to find better odds anywhere else.
Because Betfair isn’t your typical bookmaker, it is actually a betting exchange website.
What is a Betting Exchange?
Instead of traders setting odds that customers can choose to bet on (i.e. bookmaker v player), Betfair instead allows the customers to effectively offer their own odds and bet against other customers anonymously (i.e. player v player). This works by players on the site choosing whether they want to bet on an outcome or "lay" it (i.e. bet against it, with the risk of having to pay out if it wins).
Betfair was actually the first sports betting exchange market anywhere in the world and although many other websites have tried to replicate their success, Betfair remain the biggest betting exchange by some distance.
It’s pretty cool stuff. So why can’t you get Betfair Irish Lotto odds?
Why Doesn’t Betfair Irish Lotto Betting Exist?
Well, the simple reason why Betfair lotto games don’t exist is because lotteries are based on fixed odds betting markets. They don’t have variable odds like most sports markets. Therefore, there would be no value in players setting their own lottery odds.
With that said, Betfair has expanded into casino, bingo and poker markets in recent years, so it is possible that they could offer a separate “Betfair Lotto” product at some point in the future...