Betfair Review
Review of Betfair
Betfair was the first - and still the largest - online betting exchange where players can seek their own odds offered by other members on a host of sports, often at significant discounts from fixed-odds bookmakers.
Betfair Highlights
- Can play both sides for easy hedge betting
- Can find the most player-friendly odds for many tournaments and games
- Enormous amount of sports to play
- Welcome bonus is easy to clear
Full Betfair Review
Quick menuBelow you can find some quick links to navigate around the article about Betfair.
- Introduction
- Pros/Cons
- Bonus Offered
- Mobile Betting
- Mobile Casino & Poker
- Casino, Poker & Other Services
- Screenshots
- Contact Details
- Banking Options
- Languages Supported
- Conclusion
Introduction
Andrew Black and Edward Wray started Betfair as the world's first "open-market betting" marketplace in 2000, now known as a betting exchange. Members set odds on events and other members can opt to take those odds, which will often be better than those on offer from bookmaking services. Betfair, which is now the largest betting exchange in the world with over 4 million members, has no financial interest in the winners or losers. It makes money on commissions which average about 20% - the theoretical discount players receive over traditional fixed-odds bookmakers.
Pros/Cons
Betfair: What we like
- Punters can shop for better odds than posted on fixed-odds sites.
- There is no maximum bet limit if a player can find another customer to take the action.
- The breadth of coverage of the market and live streaming of events
Betfair: What we don't like
- Players can sometimes be difficult to find customers to match large bets or get action on obscure events.
- Hard for novices to understand complicated commission structure.
- Betfair charges higher commissions on high stakes punters.
Bonus Offered by Betfair
Although Betfair is primarily a betting exchange, the welcome bonus is tied to the less popular- but more profitable - sportsbook. Make a wager in the sportsbook of at least €10 at odds greater than +200 and receive three additional €10 bets. Then go shopping in the exchange which is why you came in the first place.
Mobile Betting
The basic Betfair mobile app is available for Android, iPhone, iPad and Blackberry devices. Additional apps created for the Android and iOS platforms offer specific functionality for horse racing and for punters specializing in bet entry, ladder trading and dutching plays (backing several selections with the same expected returns).
Click on the links below and start playing at Betfair
Mobile Casino & Poker
Everything on offer online has found a home in the Betfair mobile space - there are downloadable apps for arcade play with big bonus slots jackpots, bingo games on the go, table games in the casino app, a poker app and a live casino app. All are free. Betfair poker offers player rewards, promotions and a welcome pack to new players.
Betfair Mobile Casino: The following devices are supported
(click to view all bookmakers supporting the device)
Betfair Mobile Poker: The following devices are supported
(click to view all bookmakers supporting the device)
Casino, Poker & Other Services
The Betfair casino is powered by industry heavyweight Playtech and propped up with a steady flow of promotions. The Arcade features Vegas-style slots, bingo, and tables games. The poker room is typically populated by thousands of online players. The Live Betfair casino offers play in casino hold'em and SicBo in addition to the usual roulette, and blackjack.
Betfair offers the following extra services in addition to their sportsbook.
(click to view all bookmakers offering the service)
Screenshots of Betfair
Contact Details
Company Name: Betfair Counterparty Services Limited
Address: Triq il-Kappillan Mifsud, St. Venera, SVR 1851, MALTA
Support E-mail: [email protected]
Telephone: +44-203-059-8888
Live Chat: No
Banking Options
You can use the following payment methods at Betfair
(click to view all bookmakers offering the payment method)
Deposit Options
- Bank Transfer
- Cheque
- ClickandBuy
- Debit Card
- Entropay
- Mastercard
- Neteller
- PayPal
- Skrill (ex MB)
- Visa (credit)
- Visa Electron
- WebMoney
- Western Union
Withdraw Options
- Bank Transfer
- Cheque
- Entropay
- Mastercard
- Neteller
- PayPal
- Skrill (Moneybookers)
- Visa (credit)
- Visa Electron
- WebMoney
Languages Supported
Betfair supports the following languages.
(click to view all bookmakers offering the language)
- Danish / Dansk
- English
- German / Deutsch
- Greek / Eλληνικά
- Italian / Italiano
- Portuguese / Português
- Russian / Pусский
- Spanish / Espanyol
- Swedish / Svenska
Conclusion
Any experienced punter will want to explore the possibilities of a member-based betting exchange where the opportunity exists to offer your own odds as well as take plays offered by other members. Shopping for spreads can reveal excellent hedge plays in taking both sides. For serious players, betting exchanges will often yield the best sports gambling profits and Betfair is the biggest and best of the exchanges.
Register Now for Up to €100 in free bet!