- Betfair has a strong competitive position, allowing bettors to place wagers both with the bookmaker and among themselves on the exchange.
- Many events are live streamed
- Bet at some of the odds matched with other players.
- When someone wins more than £250,000 in lifetime winnings, betfair implements premium fees, increasing its commission from 5% to 60%.
- It can be challenging for bettors to choose where to place their bets because of the market's size.
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Review of the bookmaker Betfair from Legalbet
Betfair began as an exchange at the turn of the century and since then have grown to the complete gambling package which we see today. The merger in 2015 £5bn merger to with Paddy Power created one of the world’s largest online gambling businesses, with more than 7,000 staff and £1.2bn in sales.
Odds - Average
We calculated the margin for Betfair by analyzing the odds they offer. We further ranked them in one of the following three categories:
From 1% to 5%: Good value
Over 5% to 7%: Average value
Over 7% to 10%: Poor value
We got our results by taking into account the odds for final result outcomes measured in line with the over / under for different football leagues. Getting the average results using this method, we were able to obtain the margins for each league and the overall betting margin for the bookmaker.
Betfair has an overall average margin of 6.83% for football and falls in the normal category. In the first section with Premier League and Championship, the margin is at 5.68%. The second section with Spanish La Liga and Italian Serie A, the margin is at 6.32%. Finally, taking the leagues from the rest of the world into account, the margin is at 8.49%.
Range of Sports and Markets - Good
Betfair Sportsbook provides markets for more sports than the exchange and has a greater number of extra markets for most as well. The total list at the time of writing included:
American Football, Aussie rules, Baseball, Basketball, Boxing ,Cricket, Cycling, Darts, Esports, Football, Gaelic Games, Golf, Greyhound racing, Handball, Horse Racing, Ice Hockey, Kabaddi, Mixed Martial Arts, Motor Sport, Politics, Rugby League, Rugby Union, Snooker, Special bets, Tennis, Volleyball, Winter Sports.
The football markets are one of the main areas Betfair turn their attention to and they cover all the main leagues from around the World. Particular attention is paid to UK markets though and they provide a vast number of options per game. A novel feature is the “odds on that” concept where you can Tweet them with your predictions which may not currently be available, such as “Over 4.5 cards, Over 2,5 goals and Over 9 Corners” and they will put it on the website with a price. Your Tweets to them should have the hashtag #OddsOnThat.
Horse Racing markets are also well covered and they provide not just great odds but one of the best-designed betting areas and a huge range of information and race data to help with your selections. They also have a live stream of every race which you have bet on.
Other sports are well covered but not quite a swell as the main ones. However, if you are into Tennis they have odds not just on the match result but you can bet set by set and game by game. Basketball and Cricket also should be mentioned as having many options.
In-Play Betting - Average
There are many features available in the Betfair live betting section, including a large selection of matches and cash-out options. The live betting portion of this bookmaker offers a huge number of markets.
Betfair always has live programming available. You may stream a variety of sports, including football, cricket, horse racing, tennis, snooker, and more with this bookmaker. You only need to filter the primary live betting section to distinguish between the list of in-play markets and the ones that can be streamed. Viewing live events that will take place in the near future is made possible by Betfair. Live streaming has excellent feed quality, and you may watch your favourite sports on any Desktop or Mobile device.
Here’s how to access Betfair’s live stream service:
Login to the website www.betfair.com.
Navigate to the sportsbook on the top menu.
Place a bet of 50p or more on your desired race.
Click the small TV icon at the top of the race card.
Enjoy the race.
Betfair Mobile App
Betfair offers a very smart sports betting app, which has already been downloaded by many of their loyal customers. The app is free and is available for all Android and iOS customers via Google Play or the App Store.
How to Register At Betfair
Joining Betfair is quick and easy to do, follow the steps below:
On the Betfair landing page there is a GET STARTED button, click to begin.
- On the next page you need to fill in all your personal details. Things like your name, date of birth, and address. Click join now.
- You will receive an Email confirming your account is set up, and you can now log in to deposit and play.
How to Deposit at Betfair
- Once you've signed in to your Betfair account, select "Deposit" from the menu in the top right corner of the website.
- You will see a list of all the payment options available to you on this page.
- Simply choose a deposit method, then continue by keying in the appropriate amount and your password. Additional information could be required, such as the CVV security code from your credit or debit card but if you have used it before this will be saved.
- Enter the amount that you want to deposit and submit. If everything is correct then funds will be added instantly to your account.
- You are now ready to place your bets.
How to Bet At Betfair
Choose the sport you want to bet on and then go to the specific league or tournament that your event is in.
Go to the game you want to bet on and browse the available betting options.
When you have found the bet you want to place click the odds next to your selection.
Your pick will then automatically show up on your betslip on the right side of your screen.
- Your potential winnings will be displayed once you enter the amount you wish to stake.
Tick the "Confirm Bets" boxto place the wager.
How to Withdraw From Betfair
Withdrawing money from Betfair is simple to do regardless of whether you are using a desktop or a mobile device. Just follow these steps:
You can withdraw money from your account by clicking "My Account" in the top right corner of the website.
Then by choosing "My Betfair Account" from the drop-down menu.
Then by choosing the "Withdraw Money" option.
Enter the amount you wish to withdraw and submit the request.
Licensing & Safety.
Betfair are licensed by the UK Gambling Commission, their license number is 39439. At the time of writing there had been no regulatory action taken against them.
Service & Customer Support
Email - [email protected]
Phone - 0344 871 0000
Live Chat - Open 24/7
Twitter - @BetfairCS
The best way to contact Betfair is either via Twitter if it is a general question not specific to your account, for example asking where a market is or if it is private or specific to your account then use live chat. Unfortunately the live chat is initially an AI bot and it can take time to get through to an agent, but once you are there then they are usually pretty good.
Betfair Casino Review
The Betfair casino can be accessed using your main account wallet and funds are taken directly from there. There are all the classic casino games that you would expect including blackjack, roulette, bacarrat and craps as well as a huge number of slots to choose from. The Betfair Casino runs on the PLAY’N GO’S Gaming Software Platform.
At Betfair you can enjoy LIVE online Casino play where human dealers oversee each spin and each deal. Not all games are available 24/7 but there is always something on the go, usually roulette and blackjack.
More Information About Betfair
Founded in: June 2000
(Merged with Flutter Entertainment in February 2016)
Owners: Flutter Entertainment
Customers: As of 2013, Betfair had over 4 million customers (1.1 million active customers)
Sponsors: Betfair has sponsored many sporting events, teams and organisations, over the years including Barcelona F.C and even the Conmebol – (South American football's governing body).
Registered Office: Hammersmith, London England
Information about the company
Gambling Commission of Great Britain
Articles about the bookmaker
Questions and answers
There are several new customer bonuses to choose from depending on which product you are interested in joining. You can choose from a sportsbook, exchange, casino or poker bonus but you can only qualify for one.
You will not be able to modify the conditions of your bet, cancel it, or withdraw from it once it has been accepted at the Betfair sportsbook.
IF you have bet on the exchange this also can not be “canceled” but using the “cash out” button at the top of the market will do the same thing although it may cost you some money depending on what the odds are at the time you try to cancel it.
The quickest way is using a Visa debit card which is instant if your bank is part of the Visa fast funds scheme. Using E-wallets like PayPal and Skrill, Betfair withdrawals could be processed in as little as 4 hours. Bank transfers can two to five business days.
Go to the sportsbook and make a selection which complies with the Free bets conditions and add it to your betslip. Then when you enter a stake amount click the "Use available bonus" button at the bottom of the betsli. The bet will now be placed with that credit and your betting balance will remain unchanged. If the stake is greater than your bonus amount, the excess money will be deducted from your primary wallet..
The top betting sites are…
Here at Legalbet we have also categorised the top betting sites and their features to make them easier for you to find. They are:
By Sport: Football | Tennis | Boxing | Cricket | Snooker | Golf | UFC | Darts | Greyhound | Rugby | Horse Racing | Basketball | Baseball | Formula 1 | Ice Hockey (NHL) | Volleyball | Cycling | Netball | AFL