Betfair Betting Exchange
Why bet with Betfair betting exchange?
Best odds: At Betfair betting gives you the best odds as you are betting against other punters not against a traditional bookmaker. Odds are consistently around 20% better - if you don't believe Betfair, then check out Betfairs prices...
Safe & secure: As the world's largest online betting company with a turnover exceeding ?50m per week, your money is safe with Betfair.
Offer odds to others: If you can't pick a winning horse/team, then pick a loser. Offer odds to others against an outcome.
Lively markets: Betfair offer the widest range of in-running markets. On many, betfair betting online match more after kick-off / the race starts and with betfair live price/time reporting you have more information on which to back your judgement.
More:
What is Betfair?
All bets on Betfair betting exchange have been placed there by users who either want to have a bet in the normal way (back), or offer odds to other punters (lay).
Bets are matched between people with opposing views.
Differences between betting with Betfair vs. a conventional bookmaker:
- You can back or lay a bet.
- You can choose the odds you want to play at
- Commission and Tax.
- You can bet whilst the game is in play.
Back or lay
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
bookmakers.
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 wins, then you pay out. This is what bookmakers traditionally do.
You never know who you are betting against, your privacy and the confidentiality of your bets is maintained by Betfair's secure site.
Choose odds
With Betfair Betting Exchange there is always a choice of what odds to accept. If you want better odds than are currently available, you can place an order for a better price, but be realistic because there has to be somebody prepared to lay the bet at those odds, and vice versa.
Take a look at the odds before a game and you will see them change as visitors back and lay their bets. The odds often improve nearer to the off, as there are more people in the market.
Commission
You do not pay tax at Betfair, and commission is only paid on your net winnings on each market. This is particularly beneficial if you have multiple bets on a single market such as the Premiership Winner market. Some of your bets may win, some may lose, however you only pay commission on your NET winnings. If your bets in a particular market amount to a net loss, you do not pay commission.
Betfair Betting Exchange offer a customer incentive scheme. Your Commission rate is set according to how much you use Betfair.
Fees for transferring funds to and from Betfair betting exchange
To reflect Betfair's own charges, there is a 1.5% fee for all credit card deposits. There is NO fee for UK debit card deposits or withdrawals to any card. Deposits and withdrawals can also be made by cheque and bank transfer - there is a small fee for bank transfer withdrawals only. These fees are made by betfair's bank and are not retained by Betfair.
Who is behind Betfair bookmakers
Betfair is the trading name of The Sporting Exchange Ltd.
The Sporting Exchange Limited is registered as a limited liability company in England and Wales, company number 3770548. The registered office of The Sporting Exchange Limited is at:
The Waterfront,
Hammersmith Embankment,
London,
W6 9HP.
The Sporting Exchange Limited was founded in August 1999 by Andrew Black and Edward Wray in order to commercialise proprietary betting technology that had been under development for the preceding year.
The technology used by The Sporting Exchange Limited is proprietary and, as well as being protected by copyright, is the subject of several patent applications that have been filed with various jurisdictions.
The Sporting Exchange Limited is located in the United Kingdom and operates within the confines of the Betting, Gaming and Lotteries Act 1963. It holds a bookmaker's permit in England and Wales.
Betfair Betting Exchange Review
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| BETFAIR - COMPANY DETAILS |
| Company name: |
The Sporting Exchange Ltd. |
| Brand name: |
Betfair  |
| Postal address: |
The Waterfront
Hammersmith Embankment, Winslow Road
W69HP London |
| Country: |
United Kingdom |
| Telephone: |
+44 (0) 208 834 8000 |
| Fax: |
+44 (0) 208 834 8001 |
| Contact E-mail: |
info@betfair.com |
| BETFAIR - COMPANY PROFILE |
| Betfair's the world's first betting exchange has maintained its position as the best exchange system on the internet! |
| Founded: |
- |
| Online since: |
- |
| Jurisdcitions: |
United Kingdom |
| Number of customers: |
- |
| Yearly turnover: |
- |
| Yearly number of bets: |
- |
| Offline shops: |
No |
| BETFAIR BOOKMAKERS - BETTING INFO |
| Singles accepted: |
Yes |
| Minimum deposit: |
25 GBP |
| Deposit options: |
Credit card, Debit card, bank cheque, cheque sent by mail, bank wire |
| Accepted credit cards: |
Mastercard, Visa, Switch, Delta, Visa Electron |
| Policy towards US residents: |
- |
| Deposit fees: |
Bank cheque: Customer pays own fees
Credit card: 1.5 percent
Debit card: No fees
Cheque sent by mail: No fees
Bank wire: Customer pays own fees |
| Minimum bet: |
2 GBP |
| Maximum bet: |
None |
| Maximum winning: |
None |
| Maximum payout: |
None |
| Withdrawal options: |
Credit card, Debit card, cheque sent by mail, bank wire |
| Withdrawal fees: |
Credit card: No fees
Debit card: No fees
Cheque sent by mail: No fees
Bank wire: Varies |
| Account currencies: |
AUD, CAD, DKK, EUR, GBP, HKD, NOK, SEK, USD |
| Supported languages: |
English, German, Italian, Cantonese, Danish, Mandarin, Swedish |
| Odds format: |
Decimal |
| Secured website technology: |
SSL |
| WAP betting: |
No |
| P2P betting: |
Yes |
| Online chat with customer service: |
No |
| Bonus offers: |
- |
| Other: |
Betfair is the ultimate leader in betting exchange market! |
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VISIT BETFAIR |
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