If you want to download and save the contents of a certain page to file you could use the -O file option:
 wget "https://www.betfair.com/exchange/plus/tennis" -O tennis.txt 
Please be aware that on some systems (CentOS and others) the order of parameters in the command line is important. 
wget -O FILE URL
works.
wget URL -O FILE
does not work (at least on CentOS).
If you want to download a whole site using wget, you can do the following:
$ wget \
 --recursive \
 --no-clobber \
 --page-requisites \
 --html-extension \
 --convert-links \
 --restrict-file-names=windows \
 --domains betfair.com \
 --no-parent \
     www.betfair.com/
INFO: If you would like to suppress tracing information you can use '-q' 
For more information, see the wget man page:
$man wget