In our Betfair review, we are going to discuss the most important aspects of the bookmaker that everyone who wants to play on the site should be aware of. We believe that Betfair is one of the places you should visit to place your bets. They offer a wide variety of markets, a few unique features and welcome bonuses for new players. Come take a look at our comprehensive review of Betfair.
- Name: Betfair
- Format of odds: EU, UK, US
- Currencies: GBP, EUR, USD
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- Rating: 9.0 /10
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Information about the Licence of Betfair
Just so you know, one of the largest betting exchanges – Betfair – is located in Gibraltar. Technically, this means that it is licensed and regulated by the country under the Gambling Act 2005. In addition to that, the company has been able to obtain a licence from the UK. Having such a licence enables them to operate within Great Britain. Hence, the sportsbook is regulated by a couple of regulatory bodies, two of the biggest actually. This automatically means that Betfair can be trusted and is reputable. It also means that Betfair must comply with the following requirements if they want to keep their licence and permission to operate within the UK:
- Ensure that anyone who develops gambling addiction after using the site of Betfair is provided assistance.
- Their actions must be transparent and fair to everyone, especially to individuals who wish to wager on the site.
- Prevent minors from using Betfair to place bets and gamble until they reach the legal gambling age to do that.
- Established: 1999
- Company: Paddy Power Betfair plc
- Licence: Available
- Live chat: Yes
- Email: firstname.lastname@example.org
- Customer support: 24/7
- Adress: PO Box 34467, London W6 9WS, United Kingdom
If you are from the United Kingdom, you probably know that Betfair has been advertised very heavily, especially for covering many gambling terms. It is one of the most known brands in the area thanks to TV commercials. They are the most popular betting exchange that offers a wide variety of markets. Here is a list of them:
Volleyball, snooker, darts, cycling, cricket, baseball, American football, boxing, bowls, basketball, Australian rules, winter sports, pelota, Olympic sports, ice hockey, tennis, rugby union, MMA, horse racing, handball, football, bandy, rugby league, motor sport, greyhound racing, golf, and floorball. In addition, they have markets for television series, politics and other like things.
But that’s not all. Not only does Betfair provide a multitude of markets to go for, but their depth is simply astonishing. You can find odds for both the most obscure and uncommon matches and the most popular and anticipated ones. They have it all. The coverage is impressive. It’s easy to see that they have lots of options for you – just have a glance at the listings for football. You are likely to find a plethora of matches involving events like the Chilean League, as well as the most common international sports events. What is more, aside from the basic odds, there also are many other specials, as well as different bets to suit everyone’s taste. Lay and back options are included as well. Of course, you need to understand that the liquidity is lower if the event is obscure. However, this does not seem to involve a lot of markets, so it is not such a big deal. Without a doubt, Betfair are one of the leaders when it comes to market availability.
Layout of Betfair
Betfair’s opening layout is simply perfect. It is in black and yellow, which may sound like a horrible combination to you, but it is actually quite soothing. You can find everything you need on the front page.
In-Play and Live Streaming
If you like impressive things, then you are going to love the in-play section of Betfair. It is fascinating. It offers a full range of aspects. Whether you need to trade sports or bet live, you can take advantage of all that using this popular section of the sportsbook. The layout is very intuitive and it is very easy to do whatever you are up to. For example, if there is a sports event you are interested in, just visit the main page, choose the game you want to bet on and check out the odds. They will be available to see by anyone who wishes to place bets and will change during the match, depending on how the game evolves.
The odds are refreshed automatically every single minute, which means that you can see which teams are backed and much more. If incidents occur that can impact the game, then the markets are suspended for a while. We believe that the in-play section of Betfair is one of the best in the world and a preferred place by a number of professional gamblers. It’s worth checking out.
One of the biggest advantages of using Betfair is its live streaming service, which is one of the most comprehensive available on the Internet. It is located on the Sports page. You need to click on “Live Video” to access the service. You will be mesmerised by the large variety of sports events covered by the sportsbook. There are football matches, horse races and international cricket, among other things. On the right, you can see all upcoming events. That way you will never miss out on any of the events you’ve been wishing to watch.
You need to know that you don’t need to do anything special in order to have access to the Live Streaming section of the bookmaker. You only have to set up an account on the site. The only exception is horse racing where you must bet at least £2 using the exchange. The other sports events can be watched without the need to place any bets.
Once you enter the site, you can watch live streaming of a number of sports events on Betfair.
Unfortunately, Betfair doesn’t have as many promotions as other sportsbooks to get more customers to use the operator. These are the special offers running on the site at the moment:
Racing Multiples: This promotion is available for horse racing. Fans of horse racing will be glad to take advantage of it. Betfair is known for its multiples, so it should be no surprise that there is such an offer. It is really competitive. Free bet for newcomers: Every new member of Betfair is entitled to get a free bonus worth of £30. It happens when you create an account on the site and place a bet. Learn more about this promotion in the next section.
The Free Bet Worth of £30
All new members of Betfair get the chance to win up to £30 in the form of a free bet. They only have to sign up on the site and follow a few simple steps to claim their bonus. It is important to mention that this option is not available if you bet using the betting exchange. It is only possible if you use the sportsbook section. This is one of the disadvantages of the company. They make players use the sportsbook, whether they like it or not, whereas in most cases customers create an account to use the betting exchange. This is not illegal, you know, but it causes certain inconvenience to customers.
Here is what you should do to obtain the bonus the Betfair :
- Click on this link to visit the site of Betfair.
- Select the “Join now” button or the “Claim now” button located on the homepage of the site.
- Enter all the details you are prompted to, such as username and password, personal details, etc.
- When you finish the registration process, log in to the site. Make a deposit using one of the payments methods offered. You need to fund at least £10 into your account if you want to claim the bonus*.
- Now, place a bet of 2.0 odds or higher. The bet must be worth of £10. This will unlock the free bonus.
Please note that every promotion has its own terms and conditions, and so does the free £30 bonus of Betfair. Learn more about the requirements regarding the bonus by clicking on the T&C page available on the site of the bookmaker.
Explanation of the Grade
As you may have noticed, we give all the casinos we mention on our site different rankings depending on how well they are doing in terms of security, game variety, bonus offers, customer support and much more. A number of times we mentioned that we gave Betfair a 9.0. This is not the highest ranking possible. The reason that we didn’t rank the operator higher is that there are a few issues with it.
One of the biggest issues is that the company increased the commission players pay when they get more than £250,000 in winnings. The commission was raised to 40% in 2011. This is a pretty concerning issue that has raised a few eyebrows among punters. It seems pretty unfair considering that when people win, the company does not lose any money at all. Plus, they earn a commission every time a bet wins. Yet, they have decided to up their commission for winnings over £250,000.
The second issue has to do with the fact that they charge their customers when making financial transactions rather than covering the charges themselves. The processing fee amounts to 1.5% of the money being transferred and is incurred to players instead of the operator itself. This is certainly a huge drawback. We think it should be Betfair that pays the charge.
Despite these two serious issues, we still think Betfair is a good and, most of all, safe option for every player out there. Different strokes for different folks, they say. So, who knows, it might be just what you are looking for.