Pros
#1 online gambling establishment
Betting exchange available
Casino available
Poker room available
20% better odds than other betting houses
Legal Info
Launched in 2000
Regulated by the Gibraltar Gambling Commission
Jurisdiction: Gibraltar
Stats
More than 4,000,000 registered customers
1.1 million active accounts
Over 50 million British pounds of turnover per week
7.5 million transactions per day
Additional Info
Operated by Flutter Entertainment PLC (formerly Paddy Power Betfair PLC)
Min Stake 1.00€
24/7 customer support
Overview of Betfair Service
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 happening. It is by far the #1 online gambling establishment, especially after the merge with Flutter Entertainment, (formerly Paddy Power) in 2016, and the one that, for all intents and purposes, sets the rules for the rest. In 2011 the company moved its operations offshore from UK to Gibraltar and became regulated by the Gibraltar Gambling Commission.
Betfair handles more than seven million transactions every day. 99.9% of them are completed in under a second. To put this figure into perspective, all the rest of the 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.
However, 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 to 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. To top off the cake: Betfair odds are proven to be up to 20% better than at the regular bookmakers.
Orbit Exchange and Betfair
At this time it is extremely difficult to open an account at Betfair. So, BET-IBC offers you the next best thing which is an account at Orbit Exchange which is powered by Betfair, offers the same odds and liquidity, while there are no premium charges.
Usage
Betfair is available on mobile devices and tablets. You can bet on the go by simply downloading the fully secure Betfair app absolutely free. Betfair has special apps for Android, iPhone and iPad.
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.
How does betting work?
All wagers need to be “matched” before they are accepted. In other words, the bet must have a person willing to back an outcome (backer) and another person, with an opposite view, willing to bet against this outcome (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 happening seems much easier. For instance, you can lay Rafael Nadal to win Wimbledon. 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, along with the, now industry standard, “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.
Countries of operation and the RESTRICTED LIST
Betfair has acquired licenses for operation from Australia, Bulgaria, Denmark, Gibraltar, Italy, Malta, Spain, the UK and the U.S.A. and they do hold the appropriate legal permissions for other countries as well. However, for various reasons, they have chosen not to put these permissions to effect in some cases, while they withdrew from others.
There is a list of countries whose residents are not allowed to open accounts at Betfair. At this time some of these countries are:
Afghanistan, Algeria, Angola, Austria, Belgium, Brunei, Canada, China, Cyprus, France*, Germany, Greenland, Guyana, Hong Kong, Iran, Iraq, Israel, Italy, Kuwait, Laos, Libya, Myanmar, Namibia, North Korea, Papua New Guinea, Portugal, Poland, Singapore, Slovenia, Spain**, South Africa, Sudan, Syria, Turkey, Uganda, the U.S.A.***, Yemen, Zimbabwe;
* The restriction includes the French Territories of Guadeloupe, Martinique, French Guiana, Reunion, Mayotte, Saint-Barthelemy, Saint-Martin and Saint-Pierre et Miquelon;
** The restriction also includes all U.S. territories with the exception of the Betfair branded operation in New Jersey. By U.S. territories, the following are included: American Samoa, Baker Island, Guam, Howland Island, Jarvis Island, Johnston Atoll, Kingman Reef, Midway Islands, Navassa Island, Northern Mariana Islands, Palmyra Atoll, Puerto Rico, Virgin Islands, Wake Island.
Betting and Trading Software
Aside from its sportsbook and exchange platforms, Betfair also offers trading experience. In order to have a successful trading activity, Betfair brings in a wide range of software. The list is quite big:
BetAngel, BetEngine, Bf BotManager, GeeksToy, Cymatic, BetTrader, Bf Bot Manager, Bet Angel Trader, Fairbot, Traderline, Traderline for iOS, Traderline for Android, and more!
It could be argued that the creators of such software do not release a product to the general public before they make sure that it can properly interact with Betfair.
Other Products
Besides its flagship Betting Exchange product, Betfair’s gambling portfolio includes a fixed odds sports product, i.e. your traditional sportsbook. Here you can place early bets without waiting for exchange markets to grow, while there is no commission on winning bets.
Betfair also offers a state-of-the-art online casino with more than 180 games available. 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.
Available Bet Types
1X2
Correct Score
Half Time/Full Time
First to start
Moneyline
Over/Under
Both to score
Peripheral Bets
Handicaps
Double Chance
Mix Parlays
Odd/Even
Period Betting
Scorecast Markets
Method of Victory
Betting Portofolio
Betfair is one of the better known names in the United Kingdom online gambling world, thanks to a number of high profile television adverts. They are the largest most active betting exchange in the world and have good liquidity throughout their different markers. These are:
American Football
Athletics
Australian Rules
Baseball
Basketball
Beach Volleyball
Bowls
Boxing
Chess
Cricket
Cycling
Darts
E-sports
Gaelic Games
Golf
Greyhound Racing
Handball
Horse racing
Mixed Martial
Motor Sports
Rugby Union
Tennis
Sign Up Process
To acquire a Betfair account, please complete the registration form online with the necessary information. You will be contacted via email with further instructions by our VIP Support team.
Customer Service
- 24/7 SUPPORT AVAILABLE
Easily get in touch in over a dozen languages
If you still have questions about Betfair, please contact us through Live Chat from our web page, Skype (id: help.bet-ibc) or by email at support@bet-ibc.com and we will be happy to respond to all of them.
The Bottom Line
To conclude the account hard facts for this agent, the options offered along with the extensive range of sports, the ability of the players to arrange for their own odds and the physical presence of the company in various locations, assure that the experience of using Betfair is unique and definitely the most versatile out there.
However, it does not end there. For those that want to be able to place their bets similtaneously to all their favorite bookmakers including Betfair, there is the betting platform of VIP-IBC to provide them with the chance to do so through one single account.
