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Betfair

Betfair

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Rating: 4.5/5 (2 votes cast)

Betfair Review

Betfair Review

Name: Betfair
URL: www.betfair.com
Address: Waterfront,Hammersmith Embankment Chancellors Road London, England W6 9HP
Location: United Kindom
Country Restrictions: Ascension Island, American Samoa, China, France, French Guiana, Greece, Guadeloupe, Guam, Guernsey, Germany, Hong Kong, Isle of Man,  Japan, Mayotte, Northern Mariana Islands, Oman, Papua New Guinea, South Georgia, US Minor Outlying Islands, US Virgin Islands and USA.
Customer Service tel: +44 871 0000
Fax support Service tel: + 44 871 7000
Live Chat: Yes
Proprietary Betfair Group plc

General Information

Betfair appeared over 10 years ago and since then it has become one of the largest betting exchange in the world. As a betting exchange, Betfair is more specific than all the others in the industry. At Betfair, it is the users who accept the bets. They are the ones that choose to back a selection, for winning, or lay a selection for losing. The company’s logo represents the constantly fluctuating betting market.

The Sporting Exchange Ltd owns Betfair, and its headquarters are located in London, UK. Recently, they have withdrawn from two European markets: Greece and Germany.
Still, its website is available in 17 languages, including English, German, Spanish, French, Russian, Swedish, Greek, Danish, Polish, Turkish and some others.

Betfair is available in a lot of countries. It is very popular in India, Malaysia and Singapore. In addition to this, the betting exchange holds an Australian license. Therefore, Australian citizens can also play at Betfair, but they are not allowed to participate in the live betting section.

If you want to have a very good alternative to Betfair, you may also be interested in Matchbook, you can read more about in here. More than that we can offer you a new betting Exchange 4ODD, you can take look in here. If you want to open a Matchbook account please click here, or here if you want to create your 4ODD account.

Betting at Betfair

The company offers a wide selection of sports for betting. Some of the categories available are Chess, Golf, Rowing, Snooker, Boxing, Horse Racing, Football and many others.

At Betfair, one can wager in two different ways. First wager stands for the wining selection and is called “back”, while the second one is for the selection that will lose and is called “lay”. In order to get an active bet, the wager needs to get matched by another Betfair user.

The exchange provides much better and higher odds that can be found at regular bookmakers. As estimation, the odds at Betfair are approximately 20% bigger than most companies in the industry.

In 2007, the company has introduced the Betfair mobile, which allows the customers who cannot access a personal computer, to still place bets and view markets.

Special Features at Betfair

The odds at Betfair are usually of an extremely good value and the website provides live streaming for most. Due to the fact that the bets are set against other people, there are no worries regarding the stake limits. Also, all the available odds are visible to the users. Still, for all net winnings, a commission of 5% is charged. If the betting volume is really high, then the percent can be lowered to 2%.

The company’s website has a really nice interface, with no flashy images and easy to find sports categories. Also, they offer live betting for a majority of sporting events with a high level of popularity.

Odds Format and Maximum Winnings

The minimum amounts for betting at Betfair differ. But still, a minimum bet of £2 is set. In dependence of the sport that is chosen to bet on, the minimum allowed betting amount can vary. However, there are no maximum winnings established.

Bonuses and Promotions

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At Betfair a signup bonus is credited to the new players, in case the first bet results in a loss. This bonus is worth £20. Different other promotional offers are available, depending on the gaming category, be it in Arcade Bet or at the specific casino games, such as Backgammon.

A Cashback Promotion is also available within 30 days from the registration date. The user gets 1 point per bet, no matter if it’s a won or lost one. This way, customers can get up to £1000 cashback.

Payment Options Available

Betfair accepts a variety of deposit and withdrawals means. They accept payments via MasterCard, Visa, Delta, Laser, Switch, Solo debit and credit cards. Also, the bookmaker accepts bank transfers, checks and the following E-Wallets: PayPal, Skrill, Click&Buy, as well as Western Union.

Poker Room and Online Casino

Besides the betting exchange, Betfair has other gambling options, such as Betfair Poker, Betfair Casino and Betfair Games.

The company offers a great innovation. It is the gaming lounges. Betfair’s Zero lounge is the only casino in the world that has no house edge. This means, the casino doesn’t expect to win anything from the Zero Lounge games. They offer the following four games in the lounge: Baccarat, Blackjack, Crazy Eights and Zero Lounge Roulette (the wheel there has no zero, thus increasing the chances of winning of the players).

Customer Support

The company provides a dedicated customer team which can be contacted via e-mail, phone or snail mail. The helpdesk is available 24/7. Also, the website contains a forum section, where direct help from other users can be received.

Betfair, 4.5 out of 5 based on 2 ratings

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