Review
About Betfair
Betfair is an online betting exchange established since 2000. Developed on the principles of a how a stock exchange operates, founders Andrew Black and Edward Wray used Betfair to create a market place for bettors, where users can back or lay a bet on any sporting event. Focused on several sports at the beginning to build liquidity, Betfair grew to be the world's largest online betting exchange and one of the top gambling brands. Besides the betting exchange section, users will find at Betfair also a regular bookmaker section launched much later, along with casino and live casino, poker and bingo for UK users. The betting exchange section is operated on a proprietary platform, offering now back and lay odds on a variety of sporting events.
Betfair is licensed in many European jurisdictions, making it a recommended gaming option to users in many EU countries. The website is operated in many different languages, while support is also available in those languages via phone, live chat and email. Betfair users will find that promotions are plenty, with free bet offers, odds boosts, ACCA insurance and many other interesting monthly choices.
Sports and Betting Odds
Betfair is a betting exchange and sportsbook offering many events on which users can place a bet. Among the covered sports are: American football, athletics, aussie rules, baseball, basketball, boxing, cricket, cycling, darts, golf, greyhound racing, horse racing, ice hockey, motor racing, pool, rowing, rugby, snooker, soccer, swimming, tennis, winter sports, financials. Betting odds at Betfair are various as users are the one to create the betting options here. Players will find here that there are many odds which are up to 20% better than in regular bookmakers. However, users should remember that out of those betting odds, a 5-7% exchange fee is levied on winning bets, which works as the actual betting margin. Please note that exchange fees may be different from a sport to another.
Betting Features
Betfair is a sports betting operator which could not miss on the Cash Out feature. The exchange section does not have however such an option, but only the regular sportsbook. The Cash Put option simply allows users to terminate a betting position before the event being settled. This allows users to take advantage of it by limiting loses or cashing in on winnings much faster.
Security and Fairness
Betfair website uses a secure connection over the https protocol. The security certificate ensures that any information transmitted between users and Betfair are encrypted, taking privacy to another level. For those interested in reading more about the methods put in place by Betfair for protecting user details, the Privacy Policy page available on Betfair website is a good place to start.
As Betfair has licenses from many EU jurisdictions like Malta, United Kingdom, Spain, Sweden, Denmark, Italy, Romania, Bulgaria and Australia outside EU, this ensures their dedication to fairness and transparency of their gaming operations.
Josh Baker
June 27, 2019 at 9:39 amBetfair is by the best online betting option I found online. While most other bookmakers simply limit your stakes should you win, Betfair has no such problems, and mainly because you are simply betting against other users and the stakes are already matched. If you do not find enough value in backing a result, there is also the possibility of laying the bet. The only reason for not giving a full 5 star rating here is because when laying bets, the value is not always matched, but other than that, is a great place to be. As a betting exchange it may look a bot more complicated to use if compared to regular bookies, but this is something that can be learned quickly.