Betfair is a dual-use resource. This is a bookmaker, and at the same time, a sports betting exchange. Those who wish can try their luck at the casino or play a couple of poker games. But Betfair’s core business is betting.
Betfair is the largest betting exchange in the world. In fact, it is a monopolist in the core market: most sports betting players who are interested in exchanges will sooner or later register with the company.
At the same time, this is the most expensive betting exchange in the world. The commission on each win ranges from 5% to 7%. The exact number depends on the country where the specific user is registered. High commission is offset by market liquidity.
Betfair is a British company that began operations in 2000. The founders of the world’s largest sports betting exchange are Andrew Black and Edward Ray. The idea of transferring the principles of an ordinary exchange to the world of sports betting was not original, but its high-quality implementation in practice became such a successful event that the Betfair sports betting exchange won one award after another. For such a relatively short period, the exchange has received more than 60 international and national awards.
For example, in 2002, Andrew Black and Edward Ray in the UK were named “Entrepreneurs of the Year”, and in 2004 their brainchild was recognized as “Company of the Year”. And note that these are not awards from the betting community! Twice, in 2003 and 2008, the company received an award from the Queen of Great Britain herself in the “Innovation in International Trade” nomination.
The bookmaker has tens of thousands of employees. The company has offices throughout Europe and the world. Betfair in 2007 acquired its own radio station, which broadcasts around the clock, talking about the news of the exchange and sports.
The reliability of Betfair is evidenced by the fact that it is the recipient of the Queen’s Prize in International Trade.
Betfair cooperates with international organizations that struggle with the development of gambling addiction, prevent children from participating in gambling and monitor the honesty of the activities of online gambling operators.
It is clear that the Betfair brand is known primarily for its betting exchange, but in 2013, the usual online bookmaker, which you can access directly from the main website of the office, was open to everyone. However, this material is exactly the same and is devoted to the review of Betfair, like betting exchanges! After all, it was this feature that at one time made a real revolution in the world of sports betting, allowing the British company to become a trendsetter.
Customer safety issues are monitored by Paddy Power Betfair. The administration guarantees the inviolability of personal data and takes measures to protect customers: pseudonymization (reducing player personalization, almost anonymity) and encryption to avoid leakage. The information entered during registration is used only to ensure the operation of the resource and conduct financial transactions in the club.
Betfair runs on the Playtech platform, offering games in downloadable and flash versions. It is also possible to play sportsbook Betfair on mobile devices. The range of Betfair models is huge. Betfair is constantly evolving and at the moment can offer its customers a full range of services in the field of online gambling: betting exchange, regular bookmaker, casino, slots, poker room, etc.
Security & Fairness
Bookmaker services are used by over 1,000,000 people worldwide. Given the above facts, it is perhaps unnecessary to say that Betfair is fully compliant with international and national laws of those countries in which the company offers its products. Betfair has licenses from Great Britain, Australia, Austria, USA (!), Italy and other countries of the world.
Betfair bookmaker conducts extensive sponsorship activities, helping many professional and amateur teams and projects. The company’s shares are successfully listed on a number of European and world stock exchanges.
Deposit & Withdrawal
To replenish the gaming account of Betfair betting exchange, you can use Visa and Mastercard bank cards, e-wallets, Skrill, Neteller services and some other payment systems. You can also fund your account using a regular bank transfer.
The minimum amount to replenish the account depends on the selected payment system. Wallet and bank card users must deposit at least $ 10; Skrill and Neteller customers — $ 20.
The maximum deposit amount is also limited. Qiwi users can deposit no more than $ 4,400; Skrill and Neteller users can pay up to $ 10,000.
Bank transfer is credited to the account within 3-5 business days. Payments through other systems are credited instantly. Each payment system takes a commission for the transfer, which must be clarified before transferring money. The commission is paid by the Betfair betting exchange client.
The minimum and maximum amount for withdrawing money from Betfair betting exchange depends on the payment system. The minimum is limited for Qiwi ($ 10), Neteller ($ 20) and bank transfer ($ 30). The maximum limit applies to Qiwi, Skrill and Neteller payment systems. These systems cannot be withdrawn more than 10 thousand dollars.
Withdrawal of money from Betfair is carried out by the same method that was used to fund the account. With Betfair, withdrawal of funds from the exchange takes place with a commission of 5-7%, and before withdrawing money for the first time, it is necessary to pass account verification. The withdrawal of funds from the classic bookmaker takes place without commissions — for this, the accounts of the betting exchange and the classic bookmaker are separated.
Sports & Markets
For the sports betting exchange No. 1 in the world, it will probably be unnecessary to speak general words about a large selection, high odds, etc. This is so obvious. Figuratively speaking, you can bet here on “everything and everything”: on the Betfair website you can bet on all the most popular events in the world of sports and not only. Odds in most cases are not inferior to Pinnacle Sports and Sbobet.
What is a little depressing is not a very extensive painting for some hockey championships and tennis matches. Plus, since this is an exchange, not all markets can be active. It is clear that the last remark relates more to less popular events.
As for the limits on bets, in fact, there are no restrictions. It all depends on your capabilities and on the opposite side, which will be ready to accept your bet.
At your service all the most popular payment systems. The only peculiarity is that for events taking place on the Australian continent, you will be asked to create the so-called “Australian account, although the funds on it will still be denominated in US dollars + go through an identity verification procedure. If you did not do anything illegal on the exchange and the personal data is correct, then there is nothing to fear. The procedure takes several days, and money from the main to the “Australian account” is transferred in your profile instantly. All this procedure is connected with the peculiarities of regulation of this sphere of activity in Australia.
Live betting is also a purely symbolic remark. They are, but, in fact, you need to understand that the Betfair exchange is one big Live, where all events from the offline trading mode smoothly flow into Live. Otherwise, again, the very idea of exchange trading would be lost.
Promotions & Bonuses
Separately, it is worth stopping by the welcome bonus from Betfair betting exchange. In order to receive a free bet, a new player must make a first deposit of at least 10 EUR within 7 days after registration. If the bet on this amount is lost, Betfair will return 10 EUR to the player. If the bet is played, the new client will not receive the bonus, but he will receive a win and pleasure.
Betfair gives you a 100% first deposit bonus of up to $ 30. Having replenished the account with 30 USD, the bettor will receive the same amount as a bonus. The amount of deposit and bonus (in this case — 60 USD) must be turned 10 times so that they become available for payment along with the winnings received from them. The promotion works only for the “Bookmaker” section and is not relevant to the betting exchange. The company has bonuses on Mondays for active players on the exchange and in online casinos, a bonus on expresses and promotions for large football tournaments.
Betfair has both a mobile site and applications for Android and iOS. The bookmaker delimits the applications for the bookmaker and the betting exchange, otherwise too complex architecture and navigation would absorb the mobile product. The interface of the mobile site and applications is convenient, but betting in Betfair is difficult by default, therefore it is worth making deals on the mobile after the experience of the game appears. You can download applications for iOS in the AppStore, for Android — directly on the site.
Betfair offers an excellent version of the site with a large amount of reference information, which is constantly updated and improved. A knowledge base will help a beginner find the answer to the main question — how to set. Earlier, the office had a full-fledged English-speaking headquarters in the support service, but now it is disbanded, and you can communicate with operators only in English — both in live chat and by phone.
The betfair sportsbook interface is translated into several languages: English, Greek, Danish, Spanish, Portuguese, Russian, Swedish. Previously, the office had a full-fledged multilingual headquarters in the support service, but now it is disbanded, and you can communicate with operators only in English — both in live chat and by phone.
Australia, Congo Brazzaville, Ivory Coast, Cuba, Eritrea, France, Greece, Greenland, Hong Kong, Iran, Iraq, Israel, Japan, Lebanon, Libya, North Korea, Russia, Somalia, South Africa, Sudan, Switzerland, Turkey, United States
Conclusion — Pros & Cons
Betfair is a great portal for fans of a wide range of gambling entertainment, including sportsbook Betfair fans. You will find here a huge selection of high-quality models of a famous brand, incredible jackpots, numerous deposit methods, a responsive support service, large bonuses and much more that you should like. We did not find significant minuses at the institution.
- The world’s largest and most reputable sports betting exchange;
- high odds;
- do not cut highs and do not block accounts for plus players;
- as such, there is no margin, but a commission is withdrawn with winnings of 6.5%;
- in view of the fact that this is a stock exchange, and not a traditional bookmaker, it is possible to withdraw part of the profit or limit losses (depending on the development of events and the market situation), both during the course of the event and even before it begins;
- there is a mobile application for betting;
- many games: casinos, slots, poker, etc .;
- a large number of live video broadcasts;
- there is a traditional bookmaker.
- a site not familiar to beginners in terms of functionality and navigation;
- not very detailed painting for some hockey championships and low-rated tennis tournaments;
- in unpopular markets, trading may not be very active.