No.6 – Our 6th Top Betting Site is Betfair. Betfair Group plc is the world’s largest Internet betting exchange and they offer new customers a £30 Free Bet. – T&Cs Apply! The following is an in-depth review of the Betfair betting exchange. In this review, we discuss Betfair’s history, bonuses, interface/features and sports betting markets.
Betfair is the world’s largest betting exchange, which launched in the UK back in 2000. Unlike traditional bookies like Bet365 and Ladbrokes, a betting exchange allows punters to back and lay each outcome of a sporting event.
Bettors decide on the odds, and Betfair simply takes a percentage for acting as the middleman in the transaction. Fortunately, placing sports bet is just as easy as with a regular bookmaker once you’re familiar with using the Betfair platform.
The Betfair betting platform was listed on the London Stock Exchange in 2010, the biggest .com IPO in the UK at the time.
If you open an account with Betfair, new customers get to receive £30 worth of free bet offers to use on all online betting, you’ll just need to place a £10 qualifying bet. – T&Cs Apply!
Interface & Features
The top navigation of the Betfair platform features the Racing or Sports categories, which if you navigate these sections, will take you to the race meets and different sports you can bet on. The list of sports is displayed in a dropdown menu.
To the right of these navigation links is the Cash Out section. For some markets, Betfair allows punters to lock in a profit before the outcome has been decided.
When you click on a specific fixture, all the markets for the event get displayed. Instead of seeing the odds to back each outcome like you would typically get with a standard bookie, Betfair offers selections for both backing (buying) and laying (selling) odds.
When you back a bet on Betfair, it’s the same as making a regular bet with a bookmaker. If you lay a bet, you’re taking on the role of the bookmaker, and win if the person who backs the bet loses. In other words, you’re hoping for the bet to lose.
In most cases you shouldn’t have much difficulty finding someone to match your bet. When selections are added to your betting slip, they will be colour coded, depending on whether you lay/back the bet.
The live streaming services are free to all customers who are signed into their account with a positive account balance.
You can also open an account with Betfair on mobile devices and navigate the thousands of different betting markets whilst on the go. Native mobile apps are available to download for Android, iPhone, iPad and Blackberry devices. The Betfair mobile app allows you to back and lay bets, deposit and withdraw funds, among other features you can do on the move.
Sports Betting Markets
Although it’s not a traditional online bookmaker, the Betfair betting exchange still offers a diverse range of betting markets. You can bet on all the popular domestic and international sporting events, including football, basketball, boxing/MMA, gold, tennis and many other sports events. Betfair is also well-known for offering betting on political outcomes, and as you’d expect there is a focus on UK politics.