Betfair does not need much introduction in betting circles. The sportsbook was established in 2000, which translates to about two decades of experience in the market.
The brand started as a sports trading platform where punters can lay and back bets among themselves, and it is currently the biggest betting exchange globally. Besides exchange betting, Betfair offers a host of other options for gamblers, including traditional bookmaker services, casino, poker, arcade games, and bingo.
Read more about Betfair sportsbook and exchange bookmaker in our latest Betfair Review to find out what makes them the sportsbook of choice for millions of punters in the United Kingdom and beyond.
Strengths and Weaknesses
- Excellent user-interface
- Vast selection of sports
- Largest exchange betting platform
- Premium live Betfair streaming services
- Dedicated app for Android and iOS
- Superfast Betfair withdrawal time
- Processing fees on some payment methods
Bonuses and Promotions
Signing up with Betfair opens you up to a wide variety of promotions that you can use to boost your stake.
The first of these offers is a welcome promotion for new customers. The promo is open to all residents of the United Kingdom and Ireland who are at least 18 years old.
To qualify for the welcome offer, you have to register an account with the bookmaker and deposit at least €10. The other condition is that you must place a minimum of five €10 bets at odds of 1.5 or greater. The bookie will then reward you with €20 in free bets to wager on any sport. You can repeat this up to five times to receive the maximum €100 free bet bonus.
Besides the welcome bonus, Betfair customer can benefit from an array of other promotions such as:
- Exchange welcome bonus: Bet €20 or more on the Betfair Exchange and the bookmaker will refund your stake up to €20 if the bet losses.
- Racing multiples: Bet €20 or more on international horse racing events to receive €5 free bet.
- OddsBoost: Get the best prices on select events by checking out the OddsBoost section of the sportsbook.
- Betfair refer a friend promotion. Earn €10 in cash for every friend you refer.
- Cashback offers on football
- Best odds guaranteed on UK and Irish horse racing
- Cash-out on selected events
Open Betfair account today and get all these bonuses, Betfair minimum deposit only €5.
Betting markets and odds
The sports menu at Betfair is pretty rich and varied to cater to every punter’s unique needs. The selection comprises 32 sports and Betfair alternatives markets, and you can trust them to offer bets on all the major sports as well as the more obscure ones.
Football is by far the biggest sport on the platform, which is not surprising for a UK bookmaker. The game provides thousands of punting opportunities on events from different leagues across the globe, with very competitive odds across the board. Available betting types on the sport include Betfair Match Odds, Draw No Bet, Correct Score, Goal Scorers, HT/FT, Double Chance, Total Goals, Handicaps, and Over/Under to mention a few.
The sportsbook also features events on other sports like Tennis, Basketball, American Football, Horse Racing, Ice Hockey, Baseball, Cricket, and Volleyball. The non-sport varieties include novelty bets on politics and entertainment, virtual sports, and eSports.
Betfair in play betting product is almost unrivalled. The platform features a vast array of live bets on select events across several sports like Football, Basketball, Tennis, and eSports.
The events are grouped according to sports, and all you have to do is click on a sport to view the available events and odds. In soccer, for example, you can place in play wagers on different markets including 1X2 and Handicaps.
The other great thing about in-play betting with Betfair is that you can follow the Betfair live scores and live-action on the pitch, thanks to the Betfair live stream feature. The service is available to all customers as long as they have a positive balance in their accounts. Where live commentary is not available, punters can use the live tickers provided by the bookie and other match statistics to place in-play wagers.
You can take the Betfair Sportsbook with you and place pre-game or in-play bets from any location in the UK. The bookie has a state-of-the-art dedicated app that you can download to your portable device for an unmatched mobile betting experience.
The Betfair App is compatible with both iOS and Android-powered tablets and smartphones. However, the sportsbook app does not feature the peer-to-peer betting platform hence you have to download the Betfair Exchange App to lay or back bets by other punters.
Those that don’t fancy downloading the mobile app can still bet on the go using the mobile-optimized version of the website.
Betfair Betting Exchange: Pros and Cons
Betfair owns the bragging rights for being the biggest exchange betting platform in the online sports wagering scene. In fact, the bet exchange is the brand’s flagship offering, and the company’s success can be attributed to this product.
Unlike the traditional sportsbook that only offers fixed odds for punters to bet, the exchange provides bettors with the opportunity to trade bets with other customers on the platform. This means that you can offer odds and prices on different sports markets, and other punters will bet on the odds you’ve provided.
If your peers win the bets, you will be required to pay out, but you retain the wagers if they lose. In turn, bookmaker benefits by taking a small cut or Betfair sportsbook commission on winning bets. Usually, the Betfair commission is 5% but the percentage may vary in some instances.
The beauty of using this platform is that it provides more options for punters about odds and prices. If you want to bet on an event and you can’t find the odds on the traditional bookmaker, then you can look for the best price on the Exchange. You will also find that the Exchange tends to offer better prices than the traditional bookmaker. Also, the Exchange can be a valuable asset if you have the right trading Betfair strategies. Read this article if you are interesting in Betfair strategy in tennis trading.
The drawback to using the platform is that there’s a risk of losing huge amounts of money depending on how other bettors match your wagers.
Betfair Payment Methods
Betfair supports a wide range of popular banking methods in the UK. You can use any of the following methods to fund your Betfair account:
- Visa, MasterCard, and Maestro debit cards
- Visa Electron
- Bank Transfer
Betfair deposit methods are processed instantly but there is a 1.5% fee on payments made using Neteller, PayPal, Visa, and MasterCard.
The Betfair withdrawal policy requires customers to cash out using the same method for your last deposit. Withdrawals transactions are free of charge, except if you’re withdrawing via Bank Transfer.
Betfair Customer Support
Betfair customers from UK and Ireland can Betfair contact via customer support agents using any of the following channels:
- Instant messages and Betfair live chat
- Betfair phone number support: 0344 871 0000 (UK residents Betfair number) or 1800 944 000 (Ireland). The service is available between 0700 and 0030 hrs
- Twitter: @BetfairCS
- Facebook messages between 0700 and 2300 hrs
- Betfair support email [email protected]
So much can be said about this sportsbook but it’s impossible to exhaust everything in one Betfair sportsbook review. The bookmaker scores highly when it comes to sports markets and their prices are generally punter friendly since the operator must try to keep up with the competitive odds offered in the Exchange. The world-class Betfair Exchange is also another reason to sign up with the sportsbook if you crave more than the standard bets and odds provided by traditional bookmakers. Also in this bookmaker page you can find Betfair preview about sports events, tips and advices.
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Its hard to say a number, but you can make a lot, sky is the limit. Some people make €200,000 per month in football, tennis trading. Some make 100€ a day. It depends on your skill – what you doing in ecxhange, because every player doing different things. And of course big impact how much you can make is your sports betting bankroll.
Betfair sportsbook working from 2000, so they have 20 years experience in online betting market. Also Betfair is largest betting exchange in the world, they have UK, Malta, Gibraltar gambling licenses.
Betfair is a betting exchange, customers bet against each other not againt the company. Its like an online marketplace for punters to bet against themselves on sporting events. Also they have traditional sportsbook where you can make bets against bookmaker.
Betfair soccer betting margins is around 4,6%, so odd area great for european football bets.
Betfair withdrawal to Paypal will take up to 24 hours, but usually it take 2 hours.
Betfair withdrawal to Skrill will take up, same like Paypal or other e-wallet payments, to 24 hours, but usually it take 2 hours.
Betfair withdrawals to bank accounts can take up to 5 days, but if you make UK Express bank transfer, you can get your payour next working day.
Betfair allow only one account per customer, you can use your account for all activities on Betfairs. Its not necessary to open additional accounts.
Betfair customer service number for support for UK residents is 0344 871 0000 or 1800 944 000 for Ireland residents. Other countries customers can reach Betfair support team by instant message on the site or contact Betfair via email – [email protected]
Betfair maximum payout is not limited.
Go to Betfair section exchange and choose result page. On this Betfair results page you can search your all results.
Betfair taking 5% commission, but the percentage may vary in some instances.
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