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Betfair Review

Launched in 2000, Betfair revolutionised the industry by enabling gamblers to directly bet amongst themselves. Now Betfair is home to the biggest online betting exchange and the world's largest betting community.


Betfair Review

In our comprehensive Betfair review and user guide we will cover everything that you need to know about this revolutionary giant of the betting industry, from how to sign up with Betfair, to placing your first bet, the markets you can bet on at Betfair, how to enjoy the range of user features on offer at Betfair plus much more.

Our Betfair review and user guide has been written with you, the punter in mind. We've researched every aspect of Betfair to assist you in deciding if Betfair meets your betting needs and how to get the most out of your experience with Betfair.

What you will find in our Betfair review:

Introducing Betfair

Betfair was launched in the UK in June of 2000 and has since become the largest online betting company in the UK. With over 1 million active customers and a turnover exceeding £50 million per week, Betfair can make the claim to be the worlds largest betting exchange. In November of 2005 the Tasmanian government licensed Betfair in the state, with Betfair launching their Australian operations. In mid 2014 Betfair sold a 50% stake of Betfair Australia to Crown Resorts. 

Betfair offers punters a great range of sports to bet on both pre-match, in-play and on their exchange plaform, from the most popular sporting leagues, tournaments and competitions in Australia such as the AFL, NRL, A-League, Super Rugby, horse, harness and greyhound racing, to the most popular leagues, tournaments and competitions across the world such as the English Premier League, the Champions League, popular US sporrs leagues like the NFL, NBA, MLB, NHL and of course international cricket and tennis.

Betfair Facts & Figures

Company: Betfair
Head Office: Hammersmith Embankment, London, England.
Founded: 1999
Employees: 1800 world wide
Sports Betting License: (Australia) Tasmanian Government.
Customers: Over 1 million active customers world wide
Betfair Promo Code

Betfair logo

Signing Up With Betfair

Before you can place bets with any online bookmaker or betting exchange you must first register your details and create an account with them. This is most often a simple process through which you will be asked to provide some essential personal information.

So how to sign up with Betfair? It's simple and our step by step Betfair sign up guide will take you through this process.

Step 1

When you visit Betfair you will see a 'join now' link displayed at the top of the page. Just click this link and the Betfair account registration page will open for you.

Betfair join

Step 2

The Betfair registration page will ask you to enter some basic personal information such as your name, date of birth, address, phone and email address. If at any point in your account registration you have any issues or queries, click the Chat Now button to start talking with Betfair customer help.

Step 3

Once you have provided Betfair with all the required information, click the yellow Open Account button at the bottom of your completed registration page. You will then be given the chance to deposit funds into your new Betfair account. (We will discuss the range deposit methods available to Betfair customers later in this review).

Sign Up With Betfair

Betfair Mobile Betting

As an increasling number of punters start to use their mobile device to place bets with coupled with the always increasing popularity of live in-play betting, this trend in mobile betting is sure to continue. Key to an enjoyable in-play live betting experience is having a dependable mobile platform to bet with and Betfair provides this.

While Betfair do not have a mobile app available for either iOS or Android, they do however provide a dependable Betfair mobile version of their site.

Betfair mobile

Betfair App Directory

Is there a Betfair app available to meet your betting and trading needs? The popularity of Betfair has led to the development of a number of Betfair apps for betting and trading, created with the specific purpose of streamlining your betting and trading on Betfair not to mention assisting you in finding value opportunities in the markets on offer at Betfair.

You can search for the app to meet your needs at the Betfair App directory. Search by app category, sport, platform and pricing.

Betfair apps

Live Streaming at Betfair

Betfair offers customers live streaming of select sports and racing events.

What Can You Watch?

Visit Betfair's Live Video page to see what streams are currently live and upcoming. You can search across a range of sports including soccer, tennis, horse racing, greyhound racing, volleyball, snooker, basketball, darts, cricket, ice hockey, rugby league, bowls and handball. Please note that Betfair live video may be delayed between 2 and 5 seconds. So keep this in mind if you are using Betfair's live streaming to bet in-play.

Betfair Live Video Access Requirements

Betfair Live Video is only available to Betfair customers who have a funded account with Betfair.

Betfair live video

Betfair Betting Odds

One of the great aspects of Betfair and a betting exchange, is that you have the chance to set the odds as you like. If you're not happy with the odds being offered, offer odds of your own choosing and see if another Betfair customers is happy to take you on at those odds. This gives you the flexibility other bookmakers do not offer and that is the revolutionary aspect of the betting exchange format.

Betfair odds

What is Betfair Cash Out?

Betfair Cash Out is now available for selected Betfair Exchange markets and allows you to take a profit or to limit your loss and liability before a particular betting event has been completed. How does Betfair Cash Out work? Well, rather than having to calculate a potential in-play trade yourself, Betfair does the maths for you and offers you a value for you bet based on current market odds.

An Example Of Betfair Cash Out

Here's an example of what a potential Betfair Cash Out looks like. Here, you have the chance to Cash Out of a World Cup Winner bet on Italy. You could to take the $1.73 profit you've acquired from changes in market odds since you placed your $10 bet, or alternatively, you can let your bet stand, either to the conclusion of the World Cup or to a later stage of the tournament when Italy's odds of winning could be shorter and your Take even greater. It's up to you and this is the beauty of Betfair's Cash Out feature.

Betfair cash out

For full details of Betfair's Cash Out feature, refer to their detailed Cash Out guide and FAQ.

Betfair Deposit

Funding your Betfair account is an easy process with a number of popular deposit methods available for Betfair customers.

How To Deposit With Betfair

Betfair deposits

Depositing via Bank Transfer

You can deposit directly into your Betfair account via your online banking account, using your Betfair account number. You can do so via:

National Australia Bank
Account: TSE (Clients) Limited
BSB: 087007
Account Number: 595704575
Your Reference: BTFXXXXXXXX

Placing a Bet with Betfair

With a very user friendly interface, placing a bet with Betfair is really rather easy. To show you just how simple it is, we've put together a quick step by step guide to placing a bet with Betfair.

Step 1

Log into your Betfair account. If you have not yet registered your details and created a Betfair account, follow our quick guide to creating an account with Betfair here.

Step 2

Select between Racing or Sports from the tabs located on the main menu header. Then select the sport you want to bet on from the drop down menu displayed.

Step 3

When you've found the sport that you would like to place a bet on, select the league, tournament or competition that you wish to bet on from the options provided.

Step 4

Once you have located the market you want to place a bet on, find the event from the options listed.

Step 5

Betfair exchange gives you the option of either backing an outcome or betting against (laying) an outcome. You will see odds offered for a particular outcome and the amount of money that you can stake to bet on this particular outcome.

Betfair backing

In the example above we can see that there is $39 available to stake if I want to back Adelaide to defeat Richmond at odds of 2.28. If you would prefer higher odds, you can enter whichever stake you would like to place on Adelaide to win at the odds of your choice. Your odds and stake will then be listed and available for other punters to lay. Alternatively you can lay positions yourself. In our example above, we can see that a punter is wishing to stake $68 on Adelaide to win at 2.34. We can lay these odds, which means that if Adelaide lose, we claim that punter's stake of $68. However if Adelaide wins, we have to pay up, which in this case would amount to $91.

As you can see, betting on Betfair allows you to not only back outcomes, but to also act as a bookmaker typically would and offer odds to other punters. It's what has made Betfair so popular and why in recent years so many traditional bookmakers began offering live betting and cash out features themselves.

Betfair Withdraw

Withdrawing funds from your Betfair account is a fairly straightforward process. However, before you can withdraw any funds from your account, you must complete the Betfair customer verification process. You can begin the verfication process by visiting the Betfair help centre and clicking on the Account Verification tab at the top of the page. You will then be able to verify your Betfair account.

How to withdraw from your Betfair account

Once Betfair have verified your identity, you will then be able to withdraw funds from your Betfair account. Here's how:

Step 1

Log into your Betfair account, click the My Account link located at the top of the page.

Step 2

Betfair offers a range of popular withdraw methods.

Which withdraw method is best for you? Here's a quick reference guide to each withdraw method available at Betfair.

Betfair withdrawals

Step 3

Enter the amount of money that you would like to withdraw from your Betfair account and your preferred withdrawal method.

Step 4

Depending upon your preferred transaction method, it can take anywhere between a few hours to a few days for your funds to become available to you. If however at any stage you have concerns regarding the status of your withdrawal please contact Betfair customer support for help.

Betfair Customer Support

An important aspect of any bookmaker experience is the quality and availability of customer support provided. Betfair provides customer support and can be contacted via the following methods:

Free Phone: 1300 238 324
Available 7 days a week from 8am to 10pm (AEST)
Email: [email protected]
Live Chat via the Betfair Help Centre
Twitter: @Betfair_Aus

You can also request a live demonstration of Betfair Exchange from your own home PC from 9am to 7pm, 7 days a week. You can request a live demonstration via the Betfair Help Centre.

Responsible Gambling at Betfair

Betfair is committed to responsible gambling. In order to help their customers in this, Betfair ensure that all their staff receive responsible gambling awareness training with Betfair providing the following information and features to assist users in keeping their gambling in check. These include customer determined deposit and loss limits, time Out tools, self-exclusion tools, links to the national gambling helpline and other resources to assist customers, information on self help and gambling awareness information as well as tools to protect underage access to the site.

For more information on problem gambling visit our Responsible Gambling Guide.

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