BETFAIR – THE WORLD’S LARGEST BETTING EXCHANGE
Betfair are anything but your average bookie or betting site. In their own words, they’re the world’s largest betting community, which rings true in our ears.
Betfair are primarily a betting exchange, where you can both buy and sell your bets. There are over 5 million transactions at Betfair each day, which is more than at any stock exchange in Europe!
THE PRO’S CHOICE
Betfair offer a true betting environment for the professional. In addition, they also have two separate casino apps, along with poker and bingo. Their odds are at the high end of the business, while their only weakness is their lack of language options, as their site is accessible only in English, Spanish, Portuguese, Romanian and Swedish. However, this isn’t an issue for most UK bettors.
Even if your English isn’t up to scratch, the betting vocabulary is relatively simple and you should be absolutely fine using the site. Large bookies consider it their duty to take good care of their customers. At Betfair, your money is completely safe, while all money transfers are entirely secure.
In the exchange, you can for instance make your own bets and odds for others to bet on. The idea of a betting exchange is rather complex, so we don’t recommend it to beginners. However, a person with even a bit of experience should definitely try it out!
Betfair’s betting selection is one of the most thorough in the world as it should be, given they’re one of the biggest companies in the industry. You can find odds on everything from football to cricket, meaning that a lack of odds will never be the issue at Betfair.
The odds on offer at Betfair vary like at any exchange. You can make your own bets and buy or sell your bet whenever you like, bringing you a completely new betting experience.
This may all seem a bit weird to the untrained eye, so let us explain.
Let’s imagine you’ve made a bet with your friend with a third friend witness to the bet. In this case, Betfair are the third friend, who take the money and give it to the winner when the bet’s outcome is settled. The betting exchange works the exact same way, except that Betfair does it millions of times a day with millions of different people.
The genius of Betfair is exposed when you’re making an insurance bet. If you’re close to hitting a big accumulator, you can buy a insurance bet from Betfair, meaning that you’ll at least get a small win even if you’re accumulator falls at the final hurdle.
Another great way of utilizing the betting exchange is when completing the requirements of a bonus. This so-called bonus looting is considered shady by some, but by using the betting exchange even an unexperienced bettor can make some sure-fire money.
The third thing about the exchange is arbitrages. If you’re arbitrage-searching, there’s no better place than Betfair. As the customers, not the bookies decide the odds, they often greatly differ from those a conventional betting site would offer. This creates situations where arbitrages or the best odds can easily be found.
Betfair’s betting exchange is such a fabulous institution that their casino services are often overshadowed by it. However, their casino is also great! Betfair’s casino relies on both the website and the downloadable content. Both platforms are separate entities, translating into a huge selection of games. Live casino games, slots and fascinating specialties can all be found at Betfair.
The downloadable casino has a much larger amount of games to play. For example, the jackpot games can be found only at the downloadable casino. Betfair’s casino specialty is the Zero Lounge, where the benefit of the house is 0%. There are only a few of these games, but they’re definitely worth it as players can enjoy a full return rate of 100%! An example of the Zero Lounge is the Zero Roulette, where the wheel doesn’t have a zero!
The most traditional games are missing from Betfair, so this site is more for the players looking for a new and innovative environment. There are only a few progressive jackpots, but in Cinerama, Gold Rally and Beach Life the jackpots are often millions.
Betfair’s English customer service works flawlessly and really fast. Other options are Spanish, Portuguese, Romanian and Swedish. Betfair responds to your questions in their live-chat or via email.
Unfortunately, players can’t make online bank transfer deposits to Betfair, which is a clear weakness. However, services like PayPal solve this problem for most customers. Normal credit card deposits and e-wallets work fine.
Deposit options: Visa, Mastercard, Paypal and a number of e-wallets
Withdrawal options: Visa, bank transfer and a number of e-wallets
Betfair have two casino bonuses: one for the website and one for the app. Both bonuses are at a relatively good level when compared to others in the industry. Betfair’s betting bonus is also quite good, as it’s one of the easiest bonuses out there!
We often get questions on winnings from Betfair being tax-free. The answer is a simple YES. Betfair is fully licensed by the British Gambling Commission, meaning that all your winnings from the site are completely tax-free – as long as you’re a UK resident. This is always a must for any aspiring players on any site, given that if you’d have to pay taxes for your winnings betting would make no sense at all.
“A completely different experience to all other bookies. I tried them once and was hooked.”
“There’s only one way to bet, and that’s the Betfair way. A normal bettor can feel like a professional at Betfair day after day.”
RATING: 5 (/5) STARS
Betfair is an extremely interesting platform for professional and amateur bettors alike, with a good experience guaranteed no matter what you’re betting habits are. The betting exchange is a fascinating experience, which we whole-heartedly recommend. Their casino and entertainment games are not necessarily the best, but if you’re looking for something new, Betfair’s the place for you!
The weaknesses of the site are the lack of language and bank transfer options. We wouldn’t recommend Betfair to a betting rookie, but for anyone with even an ounce of betting experience they’re definitely worth a try!