Betfair Review

Betfair is our No.1 recommended betting exchange - click here

Review of Betfair Betting Exchange

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Frequently Asked Questions

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About Betfair: Betfair is the largest online betting company in the world with a huge daily turnover. Over 35 million bets are traded every single day. Daily turnover is in the tens of millions of pounds. There has been speculation for several years that Betfair will float on the stock market for a valuation of up to £3billion. This is not likely to happen at the moment as various huge investors have bought into the company in the past. Betfair employs nearly a thousand people in the UK and Australia.

Where are they located and licensed? Betfair betting exchange's headquarters are on the bank of the River Thames in Hammersmith, London, England in state-of-the-art, swanky offices. They are licensed by the UK government's regulatory body The Gambling Commission. They also have a Tasmania (Australia) office and Tasmanian licence to cover their activities on Australian horse racing and sport.

Can I trust Betfair? Yes, very much so. Their finances are in brilliant shape. They have no borrowings and hundreds of millions in the bank. Remember Betfair take no risk from bets, they simply act as the platform for swapping bets and take a commission. That means Betfair are exposed to no risk. Betfair Betting Exchange has so impressed the UK authorities that they won the coveted Queens Award for Enterprise both in 2003 and 2008. That is an accolade that comes directly from the UK Prime Minister's office.

What betting markets does Betfair cover? It might be easier to ask 'what markets don't they cover?' They have markets on every sport and if they don't have the one you want to bet on (highly unlikely irrespective of which country you come from) then they will put it up for you on request. They obviously cover all world football markets and most world horseracing markets (including UK, USA, Australian horseracing), all global sports, politics, entertainment and more.

What languages is the Betfair site available in? Over twenty. These include English, Danish, Czech, Finnish, German, Greek, Italian, Norwegian, Portuguese, Russian, Simplified Chinese & Traditional Chinese, Spanish, Swedish & more.

What currency can I hold my Betfair betting account in? Too many to mention. You will be covered. Irrespective of the currency you choose for your betting account, you can obviously deposit funds from any currency.

What is the minimum deposit with Betfair? £10; $/€15 or currency equivalent.

What are the minimum and maximum bets with Betfair? The minimum bet size is just £2 or the currency equivalent. There is no maximum bet size.

What is the maximum payout at Betfair Betting Exchange? There is no maximum to the amount of money you can win.

What is the commission structure at Betfair? The commission is a maximum of 5% of the net amount you win on a single market. This figure can get as low as 2% if your betting volume, over time, is high enough. If you make a loss in a betting market then you pay no commission. It is worth remembering that, for people placing a bet, the odds are up to 25% better value than bookmakers would offer. This is because Betfair markets tend to bet to 100% books, not up to 125% as traditional bookmakers would. We do not want to confuse you with this concept, just be assured that this means there is no 'bookmakers profit' built into the betting odds. Even taking account of Betfair's commission structure, Betfair markets tend to offer vastly better value for the punter than traditional bookmakers or sportsbooks.

Is Betfair only a betting exchange or does betfair also offer an online casino or online poker option? Yes. Betfair offers a zero edge online casino and a fantastic and unique online poker site. The poker site has a lot of players and great tournaments and cash poker games.

Does Betfair accept American citizens as clients? No. If you are an American we recommend that you join BetUS Sportsbook, Casino & Poker instead. However BetUS Sportsbook is not a betting exchange. It is a traditional sportsbook.

Comment: Betfair offers far better value than traditional bookmakers, particularly on the most popular betting markets where there is huge betting volume. Betfair also allows you to lay bets i.e: act as a bookmaker and take bets on a selection to lose. Some people make a full-time living by trading on Betfair every day. Betfair is by far and away the best betting exchange. They have the best software and, most importantly, the biggest volume of all betting exchanges. In fact, because Betfair is so popular all their competitors do struggle for volume in their betting markets. Obviously volume (or liquidity) is the crucial thing for betting exchanges to prosper and the crucial thing clients require. Betfair's volume is enormous with tens of millions of pounds sterling (or currency equivalent) of turnover a day. Betfair also offers online poker, casino and games. Frankly, Betfair completely wipe the floor with all other betting sites. This is our opinion of the best betting site in the world.

To visit Betfair Betting Exchange - click here