Gamblingsafe.net

  • Increase font size
  • Default font size
  • Decrease font size

Betfair Betting Exchange Review

(35 votes, average 4.66 out of 5)
betfairsports.jpgHistory
Betfair sports  is the world's largest betting exchange. The company is based in Hammersmith, London. The site was launched in 2000 and quickly became the largest bet exchange, it became very popular in short time. Click here to visit Betfair's promotion page

Bonus
Betfair offers 25£ bonus for new players. To learn more visit their site.

Review
Betfair sports  is the largest and best betting exchange. The odds are average 15% better than the normal bookmakers.
How does Betfair work?
Just as eBay matches buyers and sellers via the internet, Betfair matches up customers who want to strike a bet. Betfair accepts a bet from you the moment it has someone who has the opposite opinion. Every second of every day, someone somewhere is placing a bet on Betfair sports .
For example someone in the UK might want to bet 100$ at evens(2.00) that Manchester United will beat Chelsea. Someone in Australia might think that Manchester United will lose so he puts 100$ down at evens (2.00). Betfair matches the 2 bets at the odds requested by the punters themselves. Betfair holds money in separate account until the final result is confirmed and then puts winnings into the customer's account.
The Benefits of using Betfair are:
Better odds
- As you are betting direct with fellow punters at Betfair there are no hefty bookmakers' margins resulting in odds that are on average 20% better.
Most of the online bookmakers reduce your stakes or close your accounts if you are successful. In Betfair your stake will never be reduced. They never close winning accounts. There are no limits. You can bet without worrying for limits.
Live in-play betting- You can bet almost on every single event live.
Safe and secure- Betfair sports  has over 100 000 active customers a month placing over million transactions a day, making Betfair the World's number one betting exchange. The transactions in and out of the account are fast and secure. You can deposit or withdraw at any time.
Watch live video of many events(mainly football and tennis)
Credibility- Betfair were awarded the Queen's Award for Enterprise in the Innovation category in 2003. Betfair hold Memorandum of Understanding's (MOU) with multiple sports organisations around the world helping to ensure fair play.
Back and lay- The most important benefit. When you "back" a selection (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with conventional bookies. When you "lay" it, you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd don't win, then you pick up the backer's stake. If Man Utd win, then you pay out. This is what bookmakers traditionally do. Back and lay creates many new possibilities.

Betfair sports
 Languages  Payment Methods  Sports  Currencies
 English  Credit/Debit card  american  football  AUD
 Czech  Neteller  australian rules  baseball  CAD
 Dannish  Moneybookers  basketball  boxing  DKK
 German  Paypal  chess  cricket  EUR
 Greek  Ecocard  cycling  darts  GBP
 Finnish  ClickAndBuy  financials  golf  HKD
 French  Webmoney  gaelic games  greyhounds  NOK
 Italian  Bank Transfer  horse racing  ice hockey  SEK
 Norwegian  Cheque  martial arts  motor sport  SGD
 Polish    netball  pelota  USD
 Portuguese    poker  politics  
 Russian    rugby  snooker  
 Swedish    soccer  tennis  
 Turkish    trotting  volleyball  
Chinese    water polo    
 

All Bookmaker Reviews

All Poker Reviews

All Casino Reviews

Polls

What type of gambling is your favorite?