Betfair Exchange Review

Last Updated: November 2008

Betfair Rating:

10 out of 10

Betfair Description:

Betfair is the world's leading betting exchange. Being a betting exchange, all bets are placed by users, who either want to bet for a selection (back it) or against it (lay it). This makes Betfair truly a pioneer in the online betting field - technically not a bookmaker but a betting exchange, it ranks as one of the best online betting choices.

This is due to the superb selection of sporting events offered, the highly competitive odds offered (often considerably better than most bookmakers), the ability to set your own odds and either bet for or against an outcome, and the excellent live in-play bet opportunities on many sporting events.

Furthermore, customer service at Betfair is great, payouts are extremely fast, and there is a wide variety of deposit/withdrawal methods. In addition to the exchange Betfair has a number of other great sites, including Betfair Poker, Betfair Casino and Betfair games, all of which are highly recommended.

Overall, Betfair is one of the best choices of the online punter!

 

 

Some of the Best Things about Betfair:

1. Often the best online betting odds.

Due to its ever increasing popularity in online betting, Betfair offers some of the best online odds on many events. In particular, popular sport events and their 1x2 straight pick bets are usually the best you can find online. Betfair is often the first place we look when wanting to place a bet on any popular sports match.

2. Their live betting is the best available on the internet.

Betfair offers live betting on a huge majority of sporting events every day and on practically any event that has some level of popularity. As you are betting against other players, the odds are constantly changing and are a true reflection of the state of the game, meaning you get the best possible odds you can find online. Also, Betfair offers live video streaming for many sports and great live score pages for most sports too.

3. Unlimited betting limits.

Again, as you are betting against other people and not a bookie, you never have to worry about having your stakes limited at Betfair. You can always see how much is available to bet on all odds and you can always be sure that your bet will go through if you have enough money in your account!

4. You can set your own odds.

Another great thing about Betfair is that you can set your own odds on any team and on any selection. That means you can bet both for (back) and against (lay) any choice. The lay option is something completely unique to Betfair and other betting exchanges, and not available with any traditional bookmaker, nor is the ability to set your own odds at any level.

5. Great deposit and withdrawal options.

As a leader in online betting, Betfair naturally offers a large choice of methods for depositing and withdrawing your winnings from their site. We have found that their payouts are also some of the fastest processed available, which is certainly good news for everyone!

6. Great interface and easy to use site.

Finally, the site layout at Betfair is great and easy to navigate. No flashy images or slow loading times, each sport is categorised on the left column of the page and there is a very handy search option to quickly find the event you wish to bet on.

The only thing we don't like about Betfair is:

1. A commission (starting at 5%, but can be reduced down to 2% if your bet volume is very high) is charged on all net winnings. But because the odds on Betfair are often so much better than at bookmakers, you will still often get much better odds betting here than you would anywhere else!

 

Betfair Accepted Currencies:

UK Sterling, Euro, US Dollar, Hong Kong Dollar, Australian Dollar, Canadian Dollar, Danish Krone, Norwegian Krone, Swedish Krona, Singapore Dollar

Deposit Method	Fees	Withdrawal Method	Fees
Delta, Solo and Maesto Debit Cards	Free	Delta, Solo and Maesto Debit Cards	Free
Visa Electron Debit Card	Free (if UK-issued)	Visa Electron Debit Card	Free
Visa and Mastercard Credit Card	1.5%	Visa and Mastercard Credit Card	Free
Paypal	1.5%	Paypal	Free
Neteller	Free (Promo period)	Neteller	Free
Moneybookers (Recommended)	Free	Moneybookers (Recommended)	Free
Click and Buy	Free (Promo Period)	Click and Buy	n/a
Bank Transfer	Ask Bank	Bank Transfer	Free (£6 for same-day)
Western Union	Vary	Western Union	n/a
Cheque	Free	Cheque	Issued Free

 

Our Special Offer for a Betfair Free Bet:

Sign up to Betfair with the banner above or the link below using the promotion code BFB987, bet at least £10 and you will receive a £10 FREE BET!

Click here to visit Betfair now and receive £10 FREE!

 

 

 

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