Betfair review

Over 1 000 000 users around the world

Registration
4,13

Betfair review

Bookmaker info

  • Founded in 1999
  • Country United Kingdom
  • Russian langauge no
  • Account currencies USD, EUR, GBP
  • Payment systems
  • First deposit bonus 10 EUR
  • Mobile application
  • Live betting yes
  • Match streaming yes
  • Minimal bet 2 GBP
  • Maximum bet vary
  • Maximum winning Vary between 250 000 GBP to 1 000 000 GBP
  • Virtual sport yes
  • Totalizer yes
  • Support service Phone, live chat, e-mail
  • Website address betfair.com
  • Miulti-live betting no
  • Mobile version no

General Info

Betfair is the UK based company that was founded in 2000 by Andrew Black and Edward Wray. The idea of applying the rules of the stock market to betting wasn’t a new one but these two entrepreneurs implement it perfectly and the company started to win one award after another. In the short period of time Betfair won over 60 domestic and international awards and earned worldwide recognition.

So Black and Wray won Entrepreneur of the Year award in 2002 and Betfair was named the company of the year in 2004. Two times, in 2003 and 2008, Betfair won the Queen’s Award for Enterprise for International Trade.

Betfair employs over 10 000 specialists who work in the company’s offices across Europe and the World. In the year 2007 the company launched their own radio station that broadcasts news from stock markets and sport news 24/7.

Betfair

Of course, Betfair is famous as betting exchange, but since 2013 the company has their own regular online bookmaker that can be reached from the main page of the website. However, exactly betting exchange earned the company recognitions and made them industry’s leaders. The company never stops improving and now it can offer their clients a full range of online gambling like regular betting, casino, slots, poker room, etc.

Over 1 million bettors use Betfair services. Of course, the company operates under the law of those countries where their services available. Betfair has obtained licenses in the UK, Australia, Austria, USA, Italy and other countries around the globe.

Betfair sponsors many sport projects and events, providing support to many amateur teams and sportsmen. The company’s shares are trading on a number of European and World stock markets.

Website review

A few years ago Betfair restyled their company’s website, making it even more convenient and dynamical. At the same time, the old version is still available for those who preferred previous design. There are almost no language limitations as the page is translated to 15 languages.

Of course, the company developed mobile application for all popular devices. Bettor with positive balance are able to enjoy numerous live broadcasts that are helpful in trading at the exchange. New bettors who are open to something new and curious enough to learn about betting exchange would never have problems with finding the way around at Betfair.

Normally it takes up to 10-15 minutes to figure out the difference between “bookmaker” and “betting exchange”. Without understanding of the difference between these two Betfair becomes a regular bookmaker.

Betfair

We will review betting exchange at Betfair as short as possible while you can always find answers to any further question on the webpage.

  1. You need to pick a market you are interested in before or during a match.
  2. That you can “back” or “lay” a certain outcome. If back, you play as a regular bettor while if you lay a selection you play as a bookmaker and agree to pay winnings to the player who backs the selection. New players need some time to get used to this system and we recommend to turn off laying before you have some experience in betting exchange.
  3. The important thing is that it’s not a regular bookmaking company and you can ask for a different odd for selection that can be accepted or rejected. You are able to cancel youк offer anytime unless it was already accepted.
  4. One of the cornerstones is that you play not against the company but other players like yourself. Unlike other bookmakers, Betfair don’t benefit when you lose. The company gives players resources to challenge other players and earn from 6.5% commission from your winnings.
  5. Things get even more interested when you try to be a trader at a betting exchange. You can profit from predicting odds change before the event or from correct live prediction of a match’s flow. You can always use the cash-out option or wait until the end of the event to get a full payment if you are 100% sure and have steel nerves. The circle can be repeated several times within a single match. You should remember that trading requires a cold head and self-discipline otherwise you risk to lose.
  6. As you understand, a part of your funds can be partially saved if a match isn’t going the way you expected it to. It’s another fundamental difference between a bookmaker and stock exchange.

So it’s becoming clear why bettors who get into the difference between a bookmaker and betting exchange and trying the latter would never use the services of a regular bookmaking company ever again.

Money line and Live betting

It’s probably needless to mention about the wide selection of odds and money line depth when we speak of world #1 betting exchange. You can bet on pretty much anything and anytime with odds that are normally above an average.

Some of the hockey leagues and tennis competitions don’t get solid selection and not all of the markets get to be active all the time. On the other hand, there are basically no limits as it’s completely up to your bankroll and the bankroll of the second party.

Betfair

All the popular payment systems are at your disposal. There is one peculiarity about events that goes on in Australia: you will be asked to open a separate account and have to confirm your identity. If you aren’t involved in any suspicious activities, you have no troubles in transferring funds between your two accounts.

We should understand that betting exchange is one flow that ends with the final whistle of the match so all the pre-match processes turn into live without any visible difference otherwise it wouldn’t be a betting exchange.

Welcome bonus from Betfair is granted to players who made their first deposit with first 7 days (at least 10 euro). If the first bet lost, Betfair returns 10 euro.

Customer support

Support agents work promptly and provide top quality assistance. Clients of the company can get assistance in 15 languages besides English. Agents can be reached via e-mail or phone call. All the required contact information is right there on the webpage and you can pick a certain address depending on the matter of your request.

Let's sum it up:

Positive sides:
  • World biggest and respected betting exchange;
  • High odds;
  • Don’t block users or cut down maximums;
  • No margin, the company profits from 6.5% of your winnings;
  • You can minimize your loss by withdrawing funds at any time before or during a selected event;
  • Mobile application;
  • Many options for gambling like casino, slots, poker, etc.;
  • Number of live broadcasts;
  • The regular bookmaker is also available.
Negative sides:
  • The webpage is difficult to navigate for new players;
  • Low number of selections for low rank tennis competitions and several hockey leagues;
  • Small markets have a low level of activity.
  • Total rating - 4,13
  • Reliability
    4,2
  • Convenience
    4
  • Odds
    4
  • Funds withdrawal
    4
  • Attitude to clients
    4,1
  • User rating
    4,5