Betfair is not a normal sportsbook. Instead, Betfair offers the world’s largest sports exchange for the players in order to be a part of the action. The Betfair sports exchange offers the player countless sports and variations on the betting options available at regular sportsbooks. The Flash based software that is offered by Betfair is fast and easy to understand for any sports better. Betfair is one of the leaders in the Untited Kingdoms online betting industry and has a turnover of over £50 million every week.
A sporting exchange, unlike a sportsbook, let players set their own odds on what they think the outcome of a game can be and lets other players bet against the first players odds. This way, the bookmaker is negated, since the players set the odds themselves. A player can either set the odds the players feel appropriate for the game or take somebody else up on the odds they offer.
Betfair has won the Queen's Award for Enterprises two times. First in 2003 for the innovative software developed by Betfair and the other one was won for their contribution to international trade in 2008. Betfair offers, apart from the sports betting website, a poker room and a casino that has a zero margin on the winnings. This is the first online casino on the market offering the players even odds against the house when playing roulette, baccarat, jacks or better or blackjack.
Play at Betfair
Gambling Deposit Options:
Betfair targets a big part of the world with the betting exchange and has been able to include the most important deposit options to gain the positions as one of the largest sports betting companies in the online sportsbook market. The minimum deposit that can be made into the Betfair customers account varies between 6 and 15 Euros or the same amount in other currencies, depending on what online gambling deposit option is used. The maximum deposit varies from €150 to €5000 without contacting the customer service and requesting a deposit limit raise.
Betfair offers the following paying methods, in order to transfer money easily to the account: Visa, MasterCard, Neteller, Moneybookers, Click and Buy, PayPal, Entropay, Maestro, Solo, Visa Electron, EcoCard, Western Union, Bank Wire Transfer, Laser, Poli, Bpay, Intercash, Instant Wire Transfer.
Betfair is an international website and offers the site and the functions of the website in several different languages to their players around the world. The sportsbook and betting exchange is translated into 16 languages, when a player has created an account and picked the preferred language, it is still possible to change the language within the Betfair sports exchange by just one click. The customer support is available 24/7, but is only possible to reach the customer support in English. The player can easily get hold of a customer support agent either through a phone call or by sending the helpdesk an e-mail with an explanation of the problem.
The following languages are supported by Betfair: English, Spanish, German, Italian, Portuguese, Swedish, Danish, Norwegian, Finnish, Greek, Turkish, Polish, Russian, Chinese, Czech, Bulgarian.
To make it simple for the player to place money on the different bets offered in the Betfair client Betfair tried to keep as many of the bets in the players’ local currencies. Betfair supports 10 different currencies when placing bets within the sports betting exchange. When a customer first registers an account in Betfair the customer has the possibility to choose which of the ten currencies that the customer prefers to make all transactions and bets with.
The following currencies are accepted to open an account at the Betfair sports exchange: US Dollar, Euro, UK Pound Sterling, Australian Dollar, Canadian Dollar, Danish Krone, Norwegian Kroner, Swedish Krona, Hong Kong Dollar, Singapore Dollar.
Betfair does not offer a big match up bonus as many other sports betting sites do. Instead Betfair offers the player’s that have made their first deposit a free bet up to £25. If the player loses the first bet the player ever does on the Bet fair sports exchange, Betfair will credit the players account with the same amount as the loosing bet up to 25 GBP.
Betfair doesn’t offer any standard reload bonuses or promotions, but instead Betfair has a loyalty system. They use this system award the players and to stimulate them to keep on betting on the Betfair site. Since player’s only place the bets one another, Betfair can never win any money from the player. Therefore, a fee of 5% is drawn from every winning bet by Betfair, to cover the costs of the web site. One plays frequently on the Betfair sports exchange, the player receives a discount in the winner’s fee. It is possible to get up to 60% discount of the fee
The free bets promotion that a Betfair player can receive on the players first bet in a new account is subject to a few general rules. The first bet must be placed within 21 days of the registration of the Betfair account. Betfair will only pay the player the £25/€30 if the first bet is a loss. If the bet is tied or the player wins, the player will not receive any more first free bets. If the player loses his first bet the account will be credited with the money within 24 hours.
Betfair Online Sports Betting Games:
Since Betfair is a sports exchange and not a sportsbook, the players decide what bets can be made. Nearly any possible sport or event is possible to place bets on as long as somebody offers the odds to play for.
The players on the Betfair sports exchange offers bets to be placed on the following sports: American football, Athletics, Australian Rules, Baseball, Basket ball, Boxing, Cricket, Cycling, Darts, Gaelic games, Golf, Grey hound racing, Handball, Horseracing, Ice hockey, Mixed Martial Arts, Motor sports, Netball, Rugby, Snooker Soccer, Tennis, Volleyball, Water polo and Yachting, apart from the sport exchange the Betfair players can take part in financial betting, betting on politics, play poker or use the table games, multiple line video slots, card games or the Zero house edge table games that include, roulette without the green zero, blackjack without a house edge and baccarat in the same fashion.
Betfair has built a great brand, since the launch of the Betfair sports exchange in June 2000. The way Betfair has set up their operation with players competing against each other instead against Betfair has caused Betfair to be able to remove the traditional bookmakers from the staffing and instead been able to develop the Betfair betting exchange further. In April 2006 Softbank a Japanese telecommunications company bought 23% of Betfair for approximately £345 million rendering the total value of the company to £1.5 billion. When a player has registered for an account at Betfair, the same account can be used for all the products within the Betfair gambling portal and the player doesn’t have to switch account or use multiple e-wallets.
The Betfair sports exchange software is built and developed by Betfair and the company has had total control over all key issues in the development of the software. The casino software that powers the Betfair casino and Zero house margin games are also produced by the technical team. The Betfair poker room uses the Boss Media platform and is part of the International Poker Network. The poker room is the only software Betfair haven’t produced on their own.
Betfair has received three different online gambling licenses to be able to operate in full range. One license is issued by The UK Gambling commission and gives Betfair the right to offer online gambling to their players. The poker room holds a Maltese License, issued by The Lottery and Gaming Authority of Malta. The last license owned by Betfair is for the possibility to operate on the Australian market and the license is issued to Betfair by The Tasmanian Gaming Commission on Tasmania, Australia.
You can get in touch with Betfair using the following contact details:
The Sporting Exchange Limited (Betfair)
United Kingdom W6 9HP
Tel: + 44 20-8834-8060