Betfair Review

General Information:

Create an account
Homepage:
www.betfair.com
Website languages:
English, Danish, German, Greek, Spanish, Italian, Portuguese, Russian, Swedish.
Company / legal form:
Betfair Group Limited.
Established in:
2000
Jurisdiction:
Gibraltar
Contact
Address:
Waterfront, Hammersmith Embankment,
Chancellors Road, London, England,
W6 9HP, United Kingdom
E-mail support
info@betfair.com
Support languages:
English, German, Russian,
Portuguese, Greek, Spanish,
Italian, Danish, Swedish, Bulgarian
✓ 24h support
✓ Casino available
✓ Poker available

Introduction

Betfair is the largest online betting exchange in the world. Since its launch in 2000, the company has added a new dimension to online sports betting by letting players choose their own odds and influence the markets’ liquidity. What makes Betfair really stand out from other operators is the “lay” option which allows clients to bet against something to happen. Betfair has over four million registered users and more than 950,000 active customers. In 2011 the company moved its operations offshore from UK to Gibraltar and became regulated by the Gibraltar Gambling Commissioner.

Review

Betfair handles more than seven million transactions every day, with 99.9% of them completed in under a second. To put this figure into perspective, all European stock exchanges combined process less trading operations. There is plenty of money to be made at Betfair once you know how it works. If you’ve never used a betting exchange before, the transition from a traditional bookmaker may seem a bit tricky, but what Befair offers is not a complicated concept at all. It’s just different, and as with everything new, it takes a bit of time to master. Once you understand that Betfair is just a marketplace where people bet on things to happen or not happen, everything falls into place. Here, you can back your favourite teams and players, just like with normal bookies, but you can also bet against an outcome. You can lay football teams, horses, or any other sporting event. But there is even more: Betfair odds are proven to be up to 20% better than at the regular bookmakers.

At Betfair all wagers need to be matched before they are accepted. In other words, the bet must have a person willing to back the outcome (backer) and someone with an opposite view, willing to bet against it (layer). When both players have agreed on the same odds, the bet is matched.

Now let’s take a more in depth look at the lay bets. Betting against something not to happen seems much easier. For instance, you can lay Rafael Nadal to win Wimbledon, and all you need is him losing one of the 7 potential matches. However, if Nadal goes on and takes the trophy you will have to pay the backer his winnings.

Once you’ve learned the basics, hundreds of betting markets await you. Betfair offers a wide range of sports including the ever popular football, tennis, horse racing, basketball, American sports, Australian rules and many more. For live betting enthusiasts, Betfair brings an unrivalled In-Play betting experience, with the exclusive “Cash Out” option. If the odds shift your way, you can collect a profit with a single click. Betfair hands you all the tools required to make the right decision, including professional insight from sports legends like Lee Dixon, Michael Vaughn and Will Greenwood, as well as sports statistics from OPTA, the world’s leading data company.

Aside from its sportsbook and exchange platforms, Betfair offers also trading experience. In order to have a successful trading activity, Betfair brings in front of its clients a wide range of softwares. They are listed below:BetAngel, BetEngine, BfBotManager, GeeksToy, Cymatic, BetTrader, Betting Assistant, BetMover, Bfexplorer PRO, Bf Bot Manager, BotBeetle, Bet Commando, BetexTrader, Betpractice Score Grid for football, Bet Angel Trader, BetOnDroid, Bet-Droid, Bet Mover, BetBotPro, BBSchedule, BetDriver, Betfair Results Service (beta), Betfair Historical Data, Bet Selector, Bet Angel Basic, Betex Trader, BetSelector, Bet-Angel Professional, BotPractice Score Grid for football, DataForm PRO, Grey Horse Bot, Exchange betting for iPhone, Fairbot, FracSoft Historical Data Service, KH4 Sports Traders, MarketFeeder Pro, MT3, RebelBetting, Sports betting for iPhone and iPad, Time Machine for Market feeder Pro, Traderline, Traderline for iOS, Traderline for Android, Timeform data, Traderline for iOPS, XC-EPOS, XSS-EPOS.

OBMEDZENIE PRE JEDNOTLIVÉ KRAJINY

Z určitých dôvodov, Betfair.com neumožňuje obyvateľom niektorých krajín otvoriť účty. Tieto krajiny sú:

  • Afganistan, Alžírsko, Angola, Rakúsko, Belgicko, Brunej, Kanada, Čína, Cyprus, Francúzsko, Nemecko, Grónsko, Guyana, Hongkong, Irán, Irak, Izrael, Taliansko, Grécko, Kuvajt, Laos, Líbya, Mjanmarsko, Namíbia Kórea, Papua-Nová Guinea, Portugalsko, Poľsko, Singapur, Slovinsko, Španielsko, Južná Afrika, Sudán, Sýria, Turecko, Tjekkiet, Uganda, SŠA, Jemen, Zimbabwe
  • Francúzske územia Guadeloupe, Martinique, Francúzska Guyana, Réunion, Mayotte, Saint-Barthelemy, Saint-Martin, a Saint-Pierre a Miquelon
  • Obmedzenie zahŕňa aj všetkyamerické územia s výnimkou operovania značky Betfair v New Jersey. Americké územie zahŕňa nasledujúce: Americká Samoa, Ostrov Baker, Guam, Ostrov Howland, Ostrov Jarvis, Atol Johnston, Kingman Reef, Ostrovy Midway, Ostrov Navassa, Severné Mariány, Atoll Palmyra, Portoriko, Panenské ostrovy, Ostrov Wake

PAYMENT

The minimum bet at Betfair is €2. There is no maximum bet limit. Since Betfair is not a traditional bookmaker but a betting exchange, all your winnings are subject to commission. Contact our live chat support or via Skype for more information on how to obtain an account with attractive commission through a Betfair agent.

Betfair offers a comprehensive FAQ section on its website which includes educational articles and videos.

betfair-mobile

BETFAIR MOBILE

Betfair is available on mobile devices and tablets. Now, you can bet on the go by simply downloading the fully secure Betfair appfor absolutely free. Betfair has special apps for Android, iPhone, iPad and Blackberry, however you can also access the site on almost every internet enabled phone. With mobile betting you can place back and lay bets, bet-in play, update and cancel bets, and even cash out. It works also for customers who have opened their accounts through a Betfair agent.

OTHER PRODUCTS

Besides its flagship Betting Exchange, Betfair’s gambling portfolio includes a sports fixed odds product which is your traditional sportsbook. Here you can place early bets, without waiting for exchange markets to grow, and there is obviously no commission on winning bets.

Betfair also offers a state of the art online casino with more than 180 games available to play. Powered by the industry leader Playtech, the casino guarantees the ultimate gaming experience via its classic card and table games, as well as modern and entertaining slots.

Another top-quality product is Betfair Poker where both recreational and high volume poker players benefit from an array of promotions, rewards and an unrivaled loyalty program.