Betfair Sports Betting Exchange Review
Betfair is number one for online betting exchanges and is probably one of the most widely recognised online sports book in the world. Trusted and reputable, Betfair offers every market and sports betting options available, and the best betting bonuses you’ll find online!
Betfair Online Sports Exchange and SportsBook is on par with the massive sports betting sites out there, such as Betsafe, BetBright Sports and BetVictor. Betfair offer award winning software, a fantastic name and big brand reputation, excellent and unbeatable odds, as well as excellent sign up offers and free bets to get started.
New members at Betfair can look forward to a welcome offer of up to a £100 bonus bundle. All you need to do is place 5 x £10 or more bets to receive £20 in free bets. You can repeat this up to 5 times to receive a maximum bonus of £100. Full terms apply below but be sure to know that this offer is resyructed to minimum odds of 1/2 (1.5) and Betfair Exchange bets are excluded. Strictly 18+ T&Cs apply
Betting Options Available at Betfair
When you’re on the Betfair website, you’ll instantly notice that it is well designed, laid out and has everything you could possibly need when it comes to online betting - and also any other form of online gambling for that matter!
If you didn’t know, Betfair is the pioneer of online sports betting exchanges. If you’re not familiar with the difference between online sports book and online sports betting exchange, then let us help explain: Betting exchanges allow customers to place sports bets against each other. This makes it a little more fascinating than fixed odds against the brand/house and has proved such a success and popular, that Betfair has secured itself to be the best online betting exchange!
Not only is Betfair a sports betting exchange, but they also provide the possibility for their customers to bet on fixed odds too, making themselves a highly regarded online book maker. This is good in the sense that you don’t have to worry about any liquidity or action (making sure there are enough players to bet against, when you want to) plus there are no commissions on winnings either, like there is in the exchange.
It’s fair to say that at Betfair, you have the best of both worlds; a highly regarded sports betting exchange and also sports book, as well as many other betting products we’ll come to in a little bit.
You can bet on practically everything at Betfair as they cover most, if not all, sports and markets. For example, you can bet from Tennis, Horse-racing, World Cup, Grey Hound Racing, Ice Hockey, Gaelic Games, Motor Sports, Basketball, and so many more.
If you wish to place a bet on fixed odds, then just click on the 'Book Maker' tab. Of course, if you wish to bet against others, then click on the 'Sports Exchange' tab.
Other Products to Bet On
Other Games and Products Offered: Betfair are pretty comprehensive when it comes to things you can bet on. Aside from the aforementioned sports markets, Betfair Sports also offers online Pools betting, for fans of the offline system which is so widely loved in the United Kingdom. Online Pools betting enables you to bet on your favourite football games and have chance to win the world’s biggest football Jackpot.
Betfair also offer you the chance to play other types of games, such as online casino, slots, poker, live casino games, bingo, virtual sports and arcade games, all from one site and a one wallet solution providing you ease and simplicity.
Playing at Betfair means you will have the best odds guaranteed online with regards to the betting exchange, as all odds are created by fellow customers. This means it can be a good or bad thing, depending on how much liquidity or interest there is for a specific match or event.
Do note that Betfair can take up to 5% in commissions from winnings in the betting exchange. With regards to Betfairs' Sportsbook, Betfair offer competitive odds which are comparable to other top online bookies such as Betsafe Sport and BetVictor Sport.
BetFair Cash Out - Explained
Betfair Cash Out is available for selected Betfair Exchange markets. Betfair Cashout allows you to take a profit or to limit your loss and liability before a specific betting event has been completed. How it works is rather simple: Rather than having to calculate the potential in-play trade yourself, Betfair does the math for you and offers you a rate for your bet, which is based on the current market odds.
Betfair offer a great concept of live video coverage on all UK and Irish Horse racing, so you can even watch the race you’ve betted on it, all in real time and all online! Odds are updated every second. To access live ‘In Play’ betting options, click on the ‘In Play’ tab.
Live Streaming Direct to Your Desktop
Betfair offer live streaming capabilities. Click on the ‘Live Video’ tab to see what streams are currently live and those which are upcoming. You can search and watch a range of sports including soccer, tennis, greyhound racing, horse racing, snooker, darts, basketball, cricket and hockey.
Betfair have a really great mobile app which is available for all users on android and iOS which you can download easily. If you just wish to access Betfair Sports in your browser and not via an App, then it will be perfectly fine as it's adapted for mobile and tablet use too.
In fact, it works very well and you don’t even have to download anything! Betfairs’ mobile site is well designed and made simple – it’s really easy to see events and matches and make bets and even watch live events on the streaming service.
Customer Support Options at Betfair
- Available Languages: Danish, English, German, Italian, Portuguese, Spanish, Swedish, Greek, Bulgarian, Russian
- Email Address: sport @ betfair.com
- Telephone Number: 0344 871 0000 (UK), 1800 944 000 (IRE)& International: 0044 203 059 8888 7.30am to 12.30am
- Live Chat: Yes, 24/7
- Twitter: @BetfairCS
- Opening Hours: 7.30am to 12.30am for telephone support, 247 for Chat and Email enquiries
- Service Rating: 5/5
- Restricted Countries: Hong Kong, Cuba, Eritrea, France, Greenland, Iran, Iraq, Israel, Japan, Lebanon, Libya, South Africa, Somalia, Sudan, Turkey, United States, Australia, North Korea, China, Congo, Côte d’Ivoire, Greece, Russia, Switzerland
- License: Malta Gaming Authority (MGA), UK Gambling Commission (UKGC)
Depositing & Withdrawing at Betfair
- Deposit Options: Cheque, ClickandBuy, Delta, Maestro, MasterCard, Neteller, PayPal, Solo, Visa Electron, Visa, Western Union, Bank Transfer Express, Skrill. Check your account for more local options which may be available to you.
- Currencies: Australian dollars, Canadian dollars, Euros, Hong Kong dollars, Norwegian kroner, British pounds sterling, Singapore dollars, Swedish kronor, US dollars, Denmark kroner
- Minimum Deposit Amount: £10
- Minimum Withdrawal Amount: £10
- Withdrawal Processing Time: Up to 48 hours
From starting in 2000 and then becoming the biggest for online betting exchanges and the biggest online book makers, Betfair really doesn’t disappoint. Betfair offer all the games you could possibly want to place a bet on and competitive odds within the exchange which generally has lots of liquidity and action.
Feel safe making online bets with a company like Betfair, a company which has gone from strength to strength for a reason – they’re the best. With over 1 million active customers and a turnover exceeding £50 million per week, Betfair can make the claim to be the world’s largest betting exchange! A trusted online sports book - you cannot go wrong!