Betfair Review

Betfair is the biggest betting exchange in the world. They are based in Gibraltar and were founded back in 1999, by Andrew Black and Edward Wray. Their betting exchange is the most iconic part of Betfair, however they do also have a sportsbook, which works in the same way as any other traditional bookmaker.

In this review, we are going to look at Betfair from a betting exchange and sportsbook standpoint and see what they offer their customers. We also want to see how they have developed since merging with Paddy Power back in 2016, becoming part of Flutter Entertainment.

Welcome Bonus

New customers, when registering with Betfair, can claim a nice £30 in free bets when they place a £10 bet on the sportsbook. This is a great way to start your betting account bankroll off. Notice that this is specifically for the sportsbook and not the exchange. Use the bonus funds on many of the available markets and experience first-hand why Betfair are one of the best in the business.

Betfair Promotions

The fun doesn’t end there with Betfair, there are many more promotions to be claimed. The majority of the others are tailored towards the betting exchange, where you can claim things like: moneyback specials, extra places, best odds and more.

Betfair also has an online casino platform, with offers tailored to that. These include free spins bonuses, cash prizes and lots more.

Betting Platform

The betting platform itself may seem a little dated to some. They have their iconic yellow, black and white colour scheme which we immediately associate with Betfair. They then follow the same structure and layout of all good betting sites, with the main menu down the left, the in-play and live fixtures down the middle, accompanied by a slider with all the latest promotions. But then on the right they have some quick links and some recommended casino games.

Betting Markets

With Betfair primarily being a betting exchange, they don’t offer as many sports in the exchange as they do in the sportsbook section. They still include the popular sports markets, such as boxing, basketball, football, horse racing and many more. However, if you play on their actual traditional style sportsbook, there will be a wider variety of sports there.

Betting Odds

Their betting odds are certainly up there with the best. In fact, if you use their betting exchange then you probably won’t find better odds anywhere else. The reason for this is you are betting against other punters, therefore the odds are better than just having a put against the bookie itself.

On their sportsbook, they do also have competitive odds for players. Not always are they the best, they could be better in some areas.

In-Play Betting

One of the most impressive aspects of Betfair is their live betting. Their in-play betting matches have a whole host of sports, fixtures and in play markets to endure. It is so easy to locate as well, simply click on their in-play market from the home screen.

Live Streaming

Betfair comes with a live streaming service too, meaning that you can watch the action unfold through their app. If you place a wager on a horse racing for example, you can then watch that race. The minimum bet has to be 50p on a horse race or £5 on the betting exchange.

Payment Methods

We were pleased with the amount of payment options there are for customers. They include some of the niche e-wallets and all of the main payment methods that most people will be using. The payment options that are available at Betfair include:

• Visa
• Mastercard
• Maestro
• PayPal
• Skrill
• Neteller
• Paysafecard
• Bank Transfer
• Much Better
• Cheque

Customer Service

We can’t have any complaints with the customer service at Betfair. They offer 24/7 live chat support which is probably the most convenient method as you can be in touch with someone fast and even send screenshots of issues you are having. As well as this, you can contact them via telephone, email and also find answers to your queries in their FAQ section.

Conclusion

To conclude our thoughts on Betfair, they are one of the best bookmakers and betting exchanges in the business and this is evident throughout their platform. They even have a betting app which you can download on your smartphone or tablet device. This app is free too!

Betfair FAQs

How long does Betfair withdrawal take?

This depends heavily on the withdrawal method that you use. If you use e-wallets or cards, it will typically be instant or within the same day. Whereas if you use Bank Transfer, it will take up to 5 days normally.

How does Betfair exchange work?

The Betfair exchange works by punters laying odds on selections and then someone countering these odds by predicting the opposite outcome.

Who owns Betfair?

Betfair is now part of Flutter Entertainment Group.