Established back in 2003, Betfair has come a long way to become one of the leading gambling sites on a global scale. It is considered a premier sports betting exchange where sports fans are enabled to trade and try to predict the possible outcome of a certain sports event. They can foresee if the outcome will happen (known as Back) or not (known as Lay). What makes this approach so innovative and at the same time widely preferred is that it allows players to set odds, bet against each other and place a bet without taking into account any limits.
Bets, placed by “backers” and “layers” are then held by the Betfair platform until the outcome of the event is revealed. A small commission on winning bets is deducted as well.
Technically, “backing” a bet is the same as going to a regular bookmaker and placing a bet. Laying off a bet is more like betting on someone to lose.
Placing a wager at Betfair is a pretty straightforward process. Your betting slip might be in blue or pink colour depending on whether you back or lay wagers.
However, Betfair has gained incredible popularity for its football betting options. As for mobile betting, Betfair has successfully launched a number of applications compatible with all major OS.
Another feature that contributed to Betfair’s popularity is the fact that the bookmaker has became known as the one offering the best prices online. In point of fact, the Betfair exchange enables players to get a fair market price and win dividends that cannot be found at a standard bookmaker’s website. Betfair is now known as the spot where players get the highest possible return for every bet they make.
Currently, Betfair has to offer more than 40 sports to wager on, while more than 11,000 betting markets are to be found. Betfair offers a great number of international markets, including 25 football leagues. Some of the key sports sports fans can take advantage of are football, American football, basketball, cricket, baseball, golf, horse racing, greyhound racing, tennis, winter sports.
In-Play market on all premier events is available. Betfair offers a number of convenient features contemporary players are used to – namely handicap betting, over / unders, head to head, etc.
The website itself is extremely user-friendly. You will find the sportsbook tab on the main page and when you click on it, you will be given access to the list of all available sports including American football, greyhound racing, volleyball, winter sports, racing, chess, darts, golf, etc. What is particularly appealing about Betfair sportsbook is that it provides punters with the chance to bet on sports the other bookmakers don’t even offer odds on. Along with the standard sports betting opportunities, Betfair also offers special bets on certain events from the entertainment industry. You can also bet on politics and certain financial markets.
Betfair provides you with an extensive range of racing activities to choose from. It does not matter if you prefer racing in England or Australia, rest assured that you will be able to place your bet at any time. In addition, odds are constantly shifting, which provides you with the exclusive chance to find arbitrages.
As for the horse racing section in particular, it covers Australian, Irish and British race tracks events. Currently, Betfair offers exchange, fair price and tote betting and allows you to view the three types of race betting at the same time.
While some other bookmakers offer UK and Irish horse racing events only, Betfair offers a greater variety of Australian, French, New Zealand horse racing events players can wager on. The exchange betting enables you to back or lay runners. If you choose the fair price betting you get the highest official fluctuation.
Betfair is one of the most popular spots for all fans of greyhound racing and comes with the Bets Odds Guarantee.
Betfair provides players who are constantly on the go, with convenient mobile betting features. For the time being, players cannot access the site via their mobile browsers. If you do not want to compromise with the quality of your sports betting session, you are advised to download the native apps developed especially for iOS and Android users. In case you own an iPhone, iPod or iPad, you just have to visit the apple store and download the app for free. In addition, when you place a £10 bet, you receive £30 in free bets. As for the functionalities you will have access to through your mobile device, they include Cashing out racing bets, In-Play across the vast range of sports and Single and Multiple bets.
The Price Rush is additional feature that allows you to get your odds boosted as you automatically get the best price.
Along with the sign up bonus, you are also eligible for Enhanced Price Specials, Money Back Extra and Acca Insurance, which are explained in the next section.
The inconveniences of playing on a smaller screen are minimized and you have exclusive betting features on your fingertips. Live streaming option is available for tennis, snooker, football, darts and basketball events. You can also watch live video of all horse racing events taking place on the territory of Ireland and UK. You also have the best odds at your disposal as well as the option to take advantage of 3/1 + free bets.
If you own an Android-run device, you can still wager on your favourite sports events and have access to the same fantastic range of convenient features. However, you are not likely to find the Betfair app at the Google Play store. You have to visit the Betfair site and download it from there.
Bonuses and Promotions
In point of fact, Betfair offers a limited number of sportsbook promotional offers as compared to what some of its rivals offer. Yet, it attracts a great number of players due to the extensive range of functionalities it has in stock. Betfair provides players with different sport- oriented challenges on weekly and monthly basis, which enables every player get their part of the attractive bonuses. By the time of writing this article, darts fans were given the chance to get a refund as a free bet provided that the player they wagered on loses and all additional terms and conditions related to the promotion are met.
Betfair also offers the so-called ACCA Insurance offered by bookmakers that pretend to be reliable and competitive.
If only one leg lets you down, you are eligible for receiving a free bet valid for 48 hours. However, you have to meet the additional wagering requirements that include placing a football fourfold and opting once. The minimum odds per qualifying leg are 4/1.
The other way to receive a free bet is to place a Both Teams to Score accumulator. Your stake will be returned if one leg lets you down. As for the additional requirements, they include min odds of 5/1 per qualifying leg and placing Match Odds fivefold.