In the ever-evolving landscape of online sports betting and gaming, finding a platform that combines innovation, reliability and a commitment to fair play can be a daunting task. Enter Betfair, a name that has become synonymous with a revolution in the world of betting and gaming since its inception. As we embark on this comprehensive review, we invite you to join us on a journey through the dynamic realm of Betfair, where the excitement of betting meets cutting-edge technology and a vibrant community of sports enthusiasts.
Betfair has long had a pioneering spirit, challenging the status quo and introducing revolutionary concepts to the betting industry. With its unique betting exchange platform, Betfair has disrupted traditional betting, allowing users to bet against each other, set their own odds and trade positions even during live events. But Betfair is more than just an exchange; offers a wide range of gaming options, including sports betting, casino games, poker and more, making it a one-stop destination for all your gambling preferences.
In this review, we'll dive deep into Betfair's diverse offering, exploring its user interface, competitive odds, promotions and innovative features that set it apart from the competition. We will also discuss the platform's commitment to safety, responsible gaming and supporting a fair and transparent betting environment. Whether you are an experienced bettor or new to the world of online gambling, our review aims to provide you with valuable insights to help you make an informed decision as to whether Betfair is the right platform for your gaming adventures.
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So fasten your seat belts as we embark on this exciting journey to discover what makes Betfair a true pioneer in online betting and gaming. Join us as we analyze its features, offer and ultimately decide whether Betfair deserves a coveted spot in your betting portfolio.
What is Betfair?
Betfair is an online gambling and betting platform founded in 2000 by Andrew Black and Edward Wray. She is known for revolutionizing the betting industry by introducing the concept of the betting exchange. A betting exchange is a platform that allows users to bet against each other, rather than against a bookmaker or sportsbook, which is the traditional way of betting.
Andrew Black, a professional gambler, and Edward Wray, a former JP Morgan trader, came up with the idea of creating an online betting exchange. They believed that this innovative concept would provide users with better odds and greater flexibility compared to traditional bookmakers.
In 2000, Betfair's betting exchange platform was launched, allowing users to return (betting on the outcome) and bet (betting on the outcome). This unique approach allowed users to set their own odds and potentially act as bookmakers themselves. Betfair's user interface and competitive odds quickly gained popularity among sports bettors. The platform's growth has been fueled by its ability to offer a wide range of betting options on various sports and events.
Betfair has faced regulatory challenges in some jurisdictions due to its disruptive model, but has also successfully overcome these obstacles in several countries. In the United Kingdom, for example, the company received a betting license, establishing itself as a legitimate operator.
Over the years Betfair has expanded its offering beyond the betting exchange. The platform has introduced online casino games, poker and other gaming options to provide users with a comprehensive gambling experience. In 2016, Betfair merged with Paddy Power to create Paddy Power Betfair, which was later renamed Flutter Entertainment. This merger created one of the world's largest online gambling companies.
Betfair's innovative approach to betting and its commitment to providing a fair and transparent gambling experience have made it a prominent player in the online betting industry. Its legacy of disrupting traditional betting practices continues to influence the industry to this day, with other platforms adopting similar exchange-based models.
Betfair advantages and disadvantages
| Avg | Against |
| A unique platform that allows users to set their own odds and bet against each other. | It can be complex for newcomers |
| Better odds compared to traditional bookmakers | Limited promotions |
| Different betting options | Regulatory restrictions in some countries |
| A transparent platform with publicly available courses | Fees for commissions |
| Payout feature | Low market liquidity for smaller events |
| A simple mobile application for betting on the go | Customer service may not always meet customer expectations |
| Additional gaming options |
Features of Betfair
Betfair betting features
Betfair bookmaker offers bettors a wide range of options. Cash Out can be used in full, partial or automatic form, both in sports betting and in the stock market. Players can search for odds on Twitter using the hashtag #OddsOnThat. Live streaming is available for many sports and leagues, namely La Liga, Bundesliga, NBA and major tennis Grand Slams. If you want to watch a live horse or greyhound race, you must place at least £1 on the sportsbook and £2 on the stock market. There is also a Radio Service that hosts podcasts with daily tips on the best horses and football events. Finally, the Bet Builder feature can be used both pre-match and live to add selections from the same event to your betting slip.
Betfair sportsbook
Betfair is a popular betting exchange, but since 2012 it also offers a regular sportsbook. It features more than 35 sports, from football and horse racing to cycling and futsal, with a total payout of 93%. Football odds are slightly higher than the sportsbook average, and more than 500 markets are on hand. Players can bet on Cards, Corners and Player Specials, but not on Asian Handicaps. In tennis, you can find more than 40 options, including alternative handicaps and exact score.
Betfair's horse and greyhound sections feature more than 150 races every day, from several countries such as the UK, Ireland, Australia and the USA. There are improved odds and extra places paying out daily at the best races in Great Britain and Ireland. Players can place ante-post bets well in advance, with special bets such as Top Jockey and Winning Distance.
Betfair live betting
Both the stock market and the sportsbook also have a live betting section. The odds in the stock market are better, but in the secondary leagues the liquidity is often not high enough to match your bets. It is better to have it as an alternative. The fixed odds game offer contains more than 25,000 events every month. In football, the payout is average. With quick markets you can bet on a goal, booking, penalty, corner or free kick that will happen in the next few minutes of the match. Sportsbook Betfair also offers live betting on horse racing. You have more than 100 options in tennis, including alternative handicaps in the game and winning the next point. Bet acceptance time is fast. We stipulate that all stakes be taken within 3-4”.
Betfair casino and other games
Betfair offers a full online casino, available through its main website and mobile apps. The online casino is full of great games, from top slots from top developers to more traditional table games and poker tournaments.
Betfair's online casino also boasts a live casino area, where players can go up against real dealers and enjoy an authentic casino atmosphere. You can check out some amazing games here, so don't miss the online casino if you decide to visit this sportsbook.
Payment methods
Betfair deposit options
| Deposit methods | Min | Max | Fee |
| Visa | 10 € | Contact CS | Free |
| MasterCard | 10 € | Contact CS | Free |
| Skrill | 10 € | Contact CS | Free |
| Neteller | 10 € | Contact CS | Free |
Betfair withdrawal options
| Withdrawal methods | Min. Withdrawal | Time |
| Visa | There are no restrictions | 2-5 days |
| MasterCard | There are no restrictions | 2-5 days |
| PayPal | There are no restrictions | Up to 24 hours |
| Skrill | There are no restrictions | Up to 24 hours |
| Neteller | There are no restrictions | Up to 24 hours |
Betfair Sports betting
Betfair caters to the global market, so players will find there a staggering number of different sports available for betting.
There is no doubt that football is the most popular sport for betting. It's guaranteed to excite fans, whether they're predicting the results of the next World Cup or focusing on their best team. Betfair is known for offering generous odds on football matches of all kinds, from the UEFA Champions League to the English Premier League.
Horse racing is another popular option on Betfair, and you're sure to find tempting odds on all the top events here. Fans can bet on special races and jockey specials, along with all the usual horse racing markets.
As we mentioned, Betfair caters to an international audience. That is why baseball is now one of the main attractions of bookmakers. Baseball fans can bet in-game and cash out when they want on Betfair. And of course, all the best markets are available for betting in advance too. We've found that baseball odds are favorable no matter when you decide to put your money on the outcome of the next big game.
At Betfair you can bet on everything from the International Twenty20 and the European Cricket Championship to the ICC World Twenty20 and the WBBL. The choice of markets for cricket fans is vast, so you won't be short of options. And the cricket odds here are always competitive, especially when compared to similar sportsbooks in the UK.
Throughout the year, Betfair invites betting on a number of different special events. Players can choose to gamble on their favorite TV shows, such as Strictly Come Dancing, or predict the desired outcome of competitions such as the BBC's Sports Person of the Year. There are also predictions for the winners of the Mercury Music Prize, and you can even decide who you think will be the next James Bond.
Conclusion
On our journey through the dynamic world of Betfair, it becomes apparent that this platform is a true pioneer in the field of online betting and gaming. With its innovative betting exchange, competitive odds and diverse range of betting options, Betfair has successfully challenged traditional bookmakers, giving customers more control and flexibility over their bets.
However, it is important to recognize that regulatory restrictions and fees can be challenging for some users, and market liquidity can vary depending on the event. Moreover, responsible gaming practices are essential when dealing with any gambling platform, including Betfair.
Ultimately, Betfair's legacy of disrupting the betting industry remains intact and its commitment to providing customers with innovative betting options and a transparent platform is commendable. Whether you are an experienced bettor or a newcomer looking for a unique betting experience, Betfair is a compelling choice that deserves consideration. As with any other betting platform, it is important to approach it with caution, discipline and responsible gambling to ensure an enjoyable and potentially profitable experience.
Frequently asked questions
Is Betfair legit?
Betfair has been a long-time powerhouse and offers its players worldwide the security that can only be expected from a respectable company, which has partnered with Golden Nugget in the United States and now offers a wide range of online casino services to American players. It is licensed in the state of New Jersey and authorized by the Division of Gaming Enforcement.
What is the Betfair affiliate program?
Betfair's affiliate program offers you generous commissions and full marketing and technical support from their dedicated affiliate team. Betfair has a portfolio of products on offer including sports betting, exchange, bingo, poker, casino and games.
What games can you play on Betfair?
Betfair offers a wide range of online casino games that include: 343 slots, 38 different table games, poker variations such as Casino Hold'em, as well as Virtual Sports and five Live Dealer games. The offer includes the most famous as well as exclusive titles when it comes to slots, roulette, video poker and blackjack – which can be tried for free after setting up an online gaming account.