Betfair – Sportsbook Review
Betfair Summary
Betfair is an online sports betting exchange established in 1999 that has developed into the world’s leading online Sportsbook and Exchange. Through industry advancement and the most extensive variety of sports bets, Betfair has been the recipient of the Queen’s Award, not once, but twice. In 2003, Betfair was awarded the Queen’s Award for ‘Innovation’, then again in 2008 for the ‘International Trade’ category. As the name implies, the Queen’s Award is awarded by the Queen herself, under advisement of the Prime Minister.
Betfair offers a wide array of sports betting options, as well as other categories like financials, television and politics, including the ability to create your own odds. The software requires no download, therefore is compatible across all operating systems with Java and Flash capabilities. Even new online sports gambling enthusiasts will have no trouble navigating the mainframe and placing wagers at Betfair.
Betfair is licensed in the United Kingdom and Australia, accepting 10 currencies and an array of payment methods. The software is available in 16 languages, making Betfair extremely convenient for international players. Note that US player deposits are not accepted at this time.
Betfair Software
The Betfair online sports betting exchange is powered by its own proprietary software platform that never requires a download. The Sportsbook opens directly in your browser, allowing use by all major operating systems – Windows, Mac and Linux. The interface is very sleek and easy to use.
Languages: Bulgarian, Chinese, Czech, Danish, English, Finnish, German, Greek, Italian, Norwegian, Polish, Portuguese, Russian, Spanish, Swedish and Turkish.
Betfair Betting Venues (Sports & Others)
Betfair provides punters with a large variety of sports betting and other wagers.
Sports Betting: American Football, Aussie Rules, Baseball, Basketball, Boxing, Combat Sports, Cricket, Cross Sports Accumulators, Cycling, Darts, Fishing, Gaelic Games, Golf, Greyhound Racing, Handball, Horse Racing, Ice Hockey, Motor Sports, Netball, Olympics, Pelota, Poker, Rugby League, Rugby Union, Snooker, Soccer, Tennis and Volleyball.
Others: Celebrities, Financials, Head-to-Head Coupons, Politics and Weather.
Betfair Odds & Limitations
The odds are Betfair are viewed in EU format, with all betting types and odds available – Back odds, Lay odds, create your own odds, Live betting, Range betting, Line betting and Handicaps. If you don’t like the odds offered by another punter, you can make a counter offer. As a betting exchange company, all punters are placing wagers against each other, rather than Betfair itself.
The minimum bet is £2, or currency equivalent (£50 if betting by telephone). Betfair does not invoke a maximum bet or payout amount. Betfair collects a 5% commission on all winning bets, lowered to as little as 2% depending on your sports bet frequency (i.e. VIP status).
Members of the Betfair sports betting exchange can view/place wagers in the following currencies: AUD, CAD, DKK, EUR, GBP, HKD, NOK, SEK, SGD and USD
Betfair Bonus / Promotions
Betfair is not currently offering any welcome or first-time deposit bonus, but does present a £20 bonus for referring your friends to the online sports gambling operation. Members must have collected at least 50 Betfair Points (takes about £100 in even money wagers) to qualify to refer a friend, and the bonus is awarded once the friend earns 50 Betfair Points. Referrals continue awarding bonus cash to the referee if they continue to place wagers for at least 3 months, possibly rewarding more than £8,000 per friend.
Betfair Points are also useful for loyal members of Betfair. The more sports bets a punter places, the more points they earn. The more points a punter has, the lower his or her commission fee will become. With 150,000 Betfair Points, a member can earn the highest discount rate of 60% off their commission.
Betfair Deposits / Withdrawals
Betfair supplies a full range of deposit and withdrawal methods, with a minimum deposit of £10 required (£5 with PayPal, £12 with NETeller). Other currencies have approximately the same equivalent limitations.
Currencies Accepted: AUD, CAD, DKK, EUR, GBP, HKD, NOK, SEK, SGD and USD
Deposits Methods: Visa, MasterCard, Visa Electron, Visa Delta, Solo, Maestro, Laser, NETeller, Moneybookers, PayPal, ClickandBuy, Western Union, B-Pay, Bank Wire and Cheque.
Withdrawals Methods: Visa, MasterCard, Visa Electron, Visa Delta, Solo, Maestro, Laser, NETeller, Moneybookers, PayPal, Bank Wire and Cheque.
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