Betfair was established by Andrew Black and Ed Wray in May 1999. It is one of the premier online sports betting providers in the international platform, having set up shop as the first flourishing Betting Exchange in the year 2000. It revolutionized the way betting was conducted by eliminating the need for a traditional bookie as punters could now set their own odds and bet against each other, thereby making a profitable bet on a market of their choice. The Betfair group has gambling licenses in Gibraltar, Malta, Italy, United States and Tasmania. It has three million registered users across the globe and executes seven million transactions a day, that’s more than the transactions carried out by the European Stock Exchanges put together.
For employment figures, Betfair employs over 2,000 people besides more than 100 employees at Betfair Australia. Apart from providing a range of sports betting markets, Betfair also offers online poker, casino and arcade games. It also has an exchange platform for online retail financial trading that was launched in 2007. The Betfair Betting Exchange is licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commissioner. Betfair is also the official betting partner of Manchester United FC and the official partner of the Ascot Racecourse. It is a betting exchange to be trusted, as the company has built a reputation for itself worldwide, making it one of the most sought after online sports betting sites in the world.
The Betfair website is clear-cut and uncluttered with main menu tabs at the top leading you to the page desired. The no-fuss website has been designed keeping in mind the novice, making it a completely user-friendly site. There are no flashy promotions and the loading time is quick. Popular sport markets are listed on the left while a click on a tab below can open up a range of other markets that you may like to explore. Quick links to upcoming betting opportunities are displayed in the center along with the odds. On the right, you will find live betting options and other features of the website.
Additionally, one can find a demo of how to use the Betfair sports betting site and understand its various features. You may also refer to the available live scores and game statistics. Beginners will find offered betting articles very useful for understanding sports betting strategies and how to place successful bets.
There is a range of live betting markets available at Betfair. It offers extensive coverage on a variety of sporting events throughout the world, with particular focus on football and horse racing events due to its UK origin. The online betting exchange also offers financial and political betting opportunities. Live streaming of videos of major sporting events is offered directly to your desktop, allowing you to watch the event live and place your bet accordingly. You may also use Betfair’s mobile phone betting facilities, which enable punters to place their bets even when they are on the move.
Punters from the UK have the advantage of creating their own odds, since Betfair is a betting exchange and works differently from a traditional bookie. As is common with a betting exchange, punters odds are pitted against odds of other punters like themselves instead of against the online bookmaker. Betfair only charges a commission ranging from 2% to 5% of the punter’s total winnings, which totals to much less when you work out the payout on odds offered by a land-based bookie or online bookmaker. This results in better odds and much larger payouts at betting exchanges. Punters can also bet for (back) or against (lay) an expected outcome. However, sports bettors from other parts of the world are not offered this opportunity. Instead of betting against other punters, their bets are against Betfair.
Bonuses & Promotions:
All new customers who have signed up for an account at Betfair Online Betting Exchange are presented with a free bet of up to £20 if their very first bet on an event turns out to be a loser. The bet must be of at least a minimum of £15. The betting exchange promises to refund the lost bet to avoid disappointment for its new customer.
Deposit & Withdrawal Methods:
The various options for depositing and withdrawing funds include VISA and MasterCard Credit Cards, Visa Electron, Visa Delta, Maestro, Laser and Solo Debit Cards, Skrill (Moneybookers), Neteller, Paypal, ClickandBuy, Bank Transfer, Cheque and Western Union. Some of these payment methods attract a fee and must be checked at the website to avoid surprises.
Betfair offers telephone, email and written correspondence customer support to its sports betting customers.
Why Bet at Betfair:
As a trusted name and a highly popular brand across the world, Betfair Online Betting Exchange is where you may embark on a career as a punter. It not only offers a range of sport markets with a variety of events from around the world to choose from, but also fantastic odds, a great betting experience, fast payouts, easy to navigate betting site, a number of payment options and an occasional promotion or two to reward its loyal customers.
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