- Founded in 1999
- Country United Kingdom
- Russian langauge unavailable
- Account currencies USD, EUR, GBP
- Payment systems
- First deposit bonus 10 EUR
- Mobile application
- Live betting available
- Match streaming available
- Minimal bet 2 GBP
- Maximum bet vary
- Maximum winning Vary between 250 000 GBP to 1 000 000 GBP
- Virtual sport available
- Totalizer available
- Support service Phone, live chat, e-mail
- Website address betfair.com
- Miulti-live betting unavailable
- Mobile version unavailable
Betfair is the UK based enterprise created in 2000 by Andrew Black and Edward Wray. The idea of applying the rules of stock exchange in bets wasn’t a new one but these two entrepreneurs implement it perfectly and the company started to win one award after another. In the short period Betfair got more than 60 domestic together with international prizes and earned worldwide recognition.
So Black and Wray won a prestigious prize for the entrepreneurs in 2002 and Betfair was given the title of the best enterprise in 2004. Then Betfair for the Queen’s Award for Enterprise for International Trade in 2003 and 2008.
Betfair employs more than 10 000 specialists who work in the offices of the company’s across Europe and the globe. In the year 2007 the corporation began their radio station that broadcasts news from stock markets and sport news 24/7.
For sure, Betfair is really famous as exchange for bettors, but since 2013 the enterprise has its regular online bookies that can be reached from the website main page. However, exactly bets exchange earned the corporation recognitions making them industry’s leaders.
The company never stops improving, consequently now it can offer the clients a full range of on-line gambling like regular bets, casino, slots, poker room, etc. More than 1 million bettors use Betfair services. Sure, the corporation operates according to the law of those countries where their services available.
Betfair has obtained licenses of the UK, Australia, Austria, USA, Italy alongside with some other countries around the globe. Betfair sponsors many sport projects and events, providing support to many amateur teams and sportsmen.
The company’s securities are traded on a few different European and World stock markets.
A few years ago Betfair restyled their company’s website, making it even more convenient and dynamical. At the same time, the old version is still available for those who preferred previous design. There are almost no language limitations as the page is translated to 15 languages. Of course, the company developed mobile application for all popular devices.
Bettors with positive balance are able to enjoy numerous online broadcasts that may be helpful in trading at the market. Begining bettors open to something new or curious enough to learn about bet exchange would never have problems finding their way around at Betfair. Normally it takes about 10-15 minutes to understand the distinctions of “bookmaker” and “bets exchange”. Without understanding of this distinction Betfair becomes just a bookie.
We will review betting exchange at Betfair short as possible while you may always find answers to any further question on the webpage.
- You need to pick a market you are interested in before or during a match.
- That you can “back” or “lay” a certain outcome. If back, you play as a regular bettor while if you lay a selection it makes you play as a bookie and agree to pay winnings to any player who backs the selection. New players need some time to get used to this system and we recommend turning off laying before you have already done some betting exchange.
- Another important thing is that it’s not a regular bookmaking company and you can ask for a different odd for selection that can be accepted or rejected. You are able to cancel youк offer anytime unless it was already accepted.
- The cornerstone is that you play not against the company but other bettors like yourself. Unlike other bookies, Betfair don’t benefit from your loss. The company gives its clients resources to challenge other players and earn from 6.5% commission from your winnings.
- Things get even more interested when you try to be a trader at a betting exchange. You can profit predicting odds change before the event or making correct live prediction of a match’s flow. You can always use the cash-out option or wait until the event finish to get a full payment if you are 100% sure and have steel nerves. The circle can be repeated several times within a single match. You should remember that trading requires a cold head and self-discipline otherwise you risk losing.
- As you understand, a part of your funds can be partially saved if a match isn’t going the way you expected it to. It’s another fundamental distinction between a bookie and stock exchange.
So it’s becoming clear why bettors who get into the difference between a bookmaker and betting exchange and trying the latter would never come back to regular bookmaking company ever again.
Money line and Live betting
It’s probably needless to mention about the wide selection of odds and money line depth when we speak of #1 bets exchange. You can bet on pretty much anything and anytime using the odds normally above an average.
Some of recognizable hockey leagues and tennis competitions don’t get solid selection and not all of the markets get to be active all the time. On the other hand, there are basically no limits as it’s completely up to your bankroll and the bankroll of the second party.
All the popular payment systems are at your disposal. There is one peculiarity about events that goes on in Australia: you will be asked to open a separate account and have to confirm your identity. If you aren’t involved in any suspicious activities, you have no troubles in transferring funds between your two accounts.
We should understand that betting exchange is one flow that ends soon as the final whistle is given so all the pre-match processes turn into live without any visible distinctions otherwise it wouldn’t be a betting exchange. Betfair welcome bonus is granted to players who made their first payment within 7 days after registration (minimum 10 euro). If the starting bet loses, Betfair returns 10 euro.
Support agents work promptly and provide top quality assistance. Clients of the company can get assistance in 15 languages besides English. Agents can be reached via e-mail or phone call. All the required contact information is right there on the webpage and you can pick a certain address which depends on the matter of your request.