Betfair
Betfair is the world's leading betting exchange, a concept it pioneered.
All bets on Betfair are placed there by users who either want to bet for a selection or outcome in the normal way (back), or bet against a selection or outcome (lay). Bets are matched between people with opposing views.
In addition to the exchange Betfair has an established games portfolio, including Betfair Poker, Betfair Casino and a number of exchange-enabled games.
Betfair is a licensed bookmaker in the UK. It also has licences in Australia, Malta, Austria and Germany.
Why Betfair?
Betfair offers you unprecedented choice, value and control.
You can bet that an outcome will happen (back) or that it won't happen (lay).
You can choose the odds you want to play at
You can bet whilst the game is in play.
You can play on a range of products and innovative games
How do I use the Exchange?
Back or lay
When you "back" a selection (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with a conventional bookie.
When you "lay" it, you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd don't win, then you pick up the backer's stake. If Man Utd wins, then you pay out. This is what bookmakers traditionally do.
Although Betfair knows who is on each side of every bet matched through the exchange, you never know who you are betting against. Your privacy and the confidentiality of your bets is maintained by Betfair's secure site.
Choose your odds
If you want better odds than are currently available, you can place an order for a better price, but be realistic because there has to be somebody prepared to lay the bet at those odds, and vice versa.
Take a look at the odds before an event and you will see them change as Betfair members back and lay their bets. The odds often improve nearer to the off as the number of people in the market increases.
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| Languages supported: |
Cantonese , Danish , English , German , Italian , Chinese - Simple , Swedish |
| Secured website: |
Yes |
| Excluded countries: |
United States |
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| Minimum matches required: |
Singles |
| Minimum bet: |
2.0 GBP |
| Maximum bet: |
No maximum |
| Maximum winnings: |
No maximum |
| Ways to place a bet: |
Internet , telephone |
| Odds format: |
European style (for example odds = 3.75)
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| Deposit options: |
Bank cheque , credit card , debit card , cheque sent by mail , bank wire |
| Creditcards accepted: |
Mastercard , Visa |
| Debitcards accepted: |
Switch , Delta , Visa Electron |
| Transfer fees, deposits: |
| Bank cheque: |
Customer pays own fees |
| Credit card: |
1.5 percent |
| Debit card: |
No fees |
| Cheque sent by mail: |
No fees |
| Bank wire: |
Customer pays own fees |
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| Minimum deposit amount: |
25GBP |
| Withdrawal options: |
Credit card , cheque sent by mail , bank wire |
| Transfer fees, withdrawals: |
| Credit card: |
No fees |
| Debit card: |
No fees |
| Cheque sent by mail: |
No fees |
| Bank wire: |
Varies |
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| Account currencies: |
AUD,CAD,DKK,EUR,GBP,HKD,NOK,SEK,USD |
| Tax: |
None |
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Who is behind Betfair?
Betfair is the trading name of Betfair Limited. Betfair Limited is registered as a limited liability company in England and Wales, company number 5140986. The registered office of Betfair Limited is at:
The Waterfront,
Hammersmith Embankment,
London,
W6 9HP.
Betfair Limited was founded in August 1999 by Andrew Black and Edward Wray in order to commercialise proprietary betting technology that had been under development for the preceding year.
Betfair Limited is located in the United Kingdom and operates within the confines of the Betting, Gaming and Lotteries Act 1963. It holds a bookmaker's permit in England and Wales.
VISIT BETFAIR BETTING EXCHANGE
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