Betfair Betting Exchange Reviewed

Betfair is a large online gambling company headquartered in Hammersmith in West London, England. Since launching in 2000, Betfair has managed to grow into the world’s largest online betting exchange with more than 2 million clients and a weekly turnover now exceeding £50 million. If you’re looking for great odds on any sports league including European and International Football Betfair is the place to find those odds.

£25 Free Bet at Betfair Click Here

At Betfair things work much differently that they do at a traditional online bookmakers. In fact, Betfair is not even a bookmaker, but is rather an online betting exchange. How this works is members are able to post their own odds on a team and enter how much they’re willing to bet, this is called posting an offer. Another member then comes along and sees what offers are available and has the opportunity to accept all or a portion of that posters offered bet. While this might sound confusing, from the accepting an offer stand point this works very much like it does at a traditional online bookmaker where you see the odds and enter how much you’d like to bet. The only real difference for a bettor is the maximum bet limit varies each time.

The advantage of using a betting exchange as opposed to a traditional bookmaker is better odds are offered with a betting exchange. Betfair makes their profit by charging a 5% commission on winning bets, where a bookie charges a 9%vigorish on losing bets. Also large bettors have the opportunity to reduce their commission on wins to as low as 2%. While this is a great added edge for sports bettors the Betfair betting exchange has attracted many stock traders to enter the sports betting market as well. The betfair betting interface with ‘back’ and ‘lay’ options are quite similar to what a stock trader does in buying and selling derivatives.

While there are many unique features that make Betfair attractive the most significant one is live betting. At Betfair as the game progresses players can continue to post and accept offers on in play games. This live betting feature offers the ability to get action in at any time up until the final whistle all at Betfair’s discounted odds pricing.

Getting Started at Betfair

Betfair is offering eurocupbetting.net visitors a special £25 free bet offer when they join via this link to the Betfair website. After clicking that link you’ll be directed to a page marketing this offer. If this page includes a Promo Code then go ahead and use the one provided on that page. If no promo code is mention use our back up code: PB1500 in order to claim this free bet.

For more details on promo codes see our page: Betfair Promotion Code

When it comes time to fund your Betfair account there are over a dozen options available including credit card, Neteller, Moneybookers and PayPal. With so many options available you shouldn’t have too much trouble finding a method that works for you.

Betfair Cash Outs and Player Trust

Betfair is licensed and regulated by the UK government and is one of the largest and most respected online gambling companies in the world. In fact twice they won the Queens award for business and innovation, which is an award given by the Queen of England each year. When it comes time to cash out your Betfair winnings there will be no issues. Payments are handled fast and are available via a wide variety of banking methods including Neteller, Moneybookers, PayPal, wire transfer and cheque.

To get started betting online visit the Betfair website.