Betfair
Betting. As it should be
- Pros
The betting exchange of the world
Buy or sell odds - Cons
Few special markets compared to major bookies
You can only bet on singles (almost) -
Bonus:
Min. deposit: 10 EUR
Betfair is the world’s leading betting exchange. Here you either place normal bets (back) or offer odds (lay) for other people to bet on. It is a truly brilliant concept to bet against eachother, and you will surely find odds on every event that has your interest. The only negative aspect of a betting exchange is that you can hardly make a coupon with several selections and the markets offered are very limited compared to major bookmakers. In-play betting is a pleasure with cool graphics, high odds and live streaming.
Selection
As the world’s leading betting exchange, you will find odds on most sports events across the globe. Even odds on stuff like politics and entertainment. If there’s a public demand for the odds, you’ll find it at Betfair! As the odds are created by people like yourself, Betfair can focus on keeping the relevant markets open and updated constantly. Unfortunately you don’t see as many markets as the big bookmakers offer.
Odds
With a betting exchange you can not only buy odds like normal (back) but also offer them to other people (lay)! Only when someone “buys” your stake at the odds of your choice, will the bet be valid. The constant competition creates some of the best odds available online, with close to 100% payout on many events! Betfair naturally charges a commission for each winning bet – usually 5%, depending on your winnings and betting frequency.
In-play
Most events are covered live by the millions of active punters at Betfair. The selection of markets will not be the same as it was before the match was kicked off. Numerous sports events are streamed daily, racing in particular, making in-play betting a wonderful experience at Betfair.
Transactions
Transactions are swift and reliable, with numerous payment options to choose from when funding your account or requesting a payout. When depositing with NETeller or credit card, a 1,5% fee applies. All withdrawals are free except for bank transfers which cost £10.
Website
Betfair.com has a very sharp and modern look, with cosy graphical details and interesting features. Being a betting exchange there are certain aspects which you will have to get used to. Once you have learned the basics, it’s actually a very simple site to use with logic navigation.
Support
Betfair supports their customers through email or over the phone if you prefer personal assistance for more complicated matters. The support comes in many different languages. Not the fastest support in the business, but you are dealing with a professional company that wants to help.
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