Updated: October 2017
Since its start in 2000 Betfair has grown into the largest online betting exchange. Over €50 million pounds worth of wagers go through the offices of Betfair every week on all manner of sports including football, Formula 1, and cricket. Betfair sets itself apart from other peer to peer betting exchanges with their liquidity as users are not betting against the house but rather against one another. This enables gamblers to use Betfair in a similar manner to a traditional online bookmaker, as almost every listed match will have a pool of available lay bets upon which to bet.
Betfair have an extensive list of sports and events to bet on which are all available through their fantastic betting platform. Betfair can credit their immense popularity in part to the fact that if you want to have a chance at the best odds in the industry then this is the place to put your money down.
Bonuses and Promotions
New accounts immediately receive a welcome package which includes a $10 bonus without any deposit necessary. Betfair also show appreciation for their loyal customers by offering daily promotions which are different depending on the day of the week. Bonuses can include anything from a $5.00 bonus for playing the game of the week, or a matching deposit bonus up to $1,000 – so there’s plenty of incentive to visit every day just to see if there is anything interesting on offer.
Banking and Deposit Options
Your browser will open a new window when you click the deposit option link in the top right corner which will present you with your various deposit options. These include popular online money wallets such as Moneybookers and NETeller. Clients are also able to enter credit card details in this section in order to fund accounts from those. Check and bank transfers are also on offer for those who like the little extra security these options provide.
Withdrawals are not a problem at Betfair as Mastercard and Visa withdrawals straight to your account are possible as are other popular online methods such as Moneybookers, PayPal, and NETeller.
Betfair slips a little in the customer service department as their online chat function is not immediately apparent. When customers do finally locate the popup they are informed that the service is only available from 10am to 10pm GMT. This leads to significant delays in response times as there is almost always customers in the queue ahead of you waiting to speak to customer service personnel. The morning is when you are most likely to experience the greatest delays as waiting times can vary from 5 to 10 minutes.
Join Betfair Now
Betfair isn’t just about sports betting as members also have access to a fairly active sports discussion forum, sports news and scores, live video feeds of the biggest matches, and plenty of specialized betting tools to play with. All of these combined create an all-in-one solution for sports fans all over the world. While Betfair spends a great deal of its efforts catering to their UK customer base they also do their best to ensure all their international gamblers get a fair taste of the action as well.