One of the biggest betting companies in the world, Betfair is an award winning exchange and has been around since 1999. It is reputed to be the innovators and pioneers of the first betting exchange and diversified into other markets. Betfair was also one of the first bookies to offer the cash out option for its users and have grown into a world class bookmaker.
Betfair stands out as a bookmaker in its own right, as it runs both a sports book and an exchange. The former is the equivalent of what a mainstream bookmaker is and the exchange is different in that it is done between friends on the outcome of anything from a race, football match or anything of their interest.
Betfair has wide sports coverage for its teeming bettors to ensure that it remains competitive in the industry. Some of the sports it has on its platform are American football, athletics, aussie rules, baseball, basketball, boxing, cricket, cycling, darts, golf, greyhound racing, horse racing, ice hockey, motor racing, pool, rowing, rugby, snooker, soccer, swimming, tennis, winter sports.
Betfair gives remarkable promotions and bonuses for first timers and new punters who sign up and uses this to get more players to be on their website. Get up to €100 Free. For every 5 bet of €10 you will receive a bonus of €20, up to €100
For horse racing, one of the promotions is called Racing Multiples which is also popular for horse racing punters.
Live betting feature is also available as punters can conduct some of their betting activities through this means. Also, majority of Betfair’s activities is carried out by live betting and they have developed user friendly apps that ensure that this should be carried out easily by punters.
Betfair offer Acca Insurance, making them one of the safest and most secure bookies in the industries. This insurance helps you once you feel that you’re losing a lot as it acts as a cover and stability for the punters.
Compared to the other bookmakers who have the US and UK odds format, Betfair uses the EU odds format. It also gives a commission of 5-7% on the net winnings per bet and has a minimum betting and for the maximum amount, it varies.
Betfair also has a great variety of odds which punters can choose from across its many platform and the various games which punters are interested in.
They operate numerous currencies such as the Euro, Pound and US Dollars, Australian Dollar, Canadian Dollar, Singaporean Dollar, Hong Kong Dollar, Swedish Krona, Danish Krone and Norwegian Krone, covering the most important Scandinavian markets and parts of Asia.
As Betfair is a big brand, it has its availability across in countries such as English, Bulgarian, Czech, Danish) Deutsch German, Greek, Spanish, Finnish, Italian, Norwegian, Polish, Portuguese, Russian, Swedish, Turkish, Chinese and Taiwanese Mandarin.
Betfair restricts its services in many other countries such as the United States, France, China, Japan, Philippines amongst others. If you live in Australia, you can enjoy the services of Betfair as they have an Aussie license which allows Australians to play as well, but Australian residents are incapable of taking part in the live-in play betting that Betfair offer.
As one of the top bookmakers, it is only important for Betfair to give punters various methods of withdrawing their winnings. Some of these options are Bank Transfer, Cheque, EntroPay, Neteller, PayPal, Skrill (Moneybookers), WebMoney.
Also, Betfair gives you an option of checking your transaction history from withdrawals and deposits each time you carry out this transaction.
For the deposit options, Betfair does not have so many options when compared to other bookmakers but the ones chosen are reputable and are major players in the payment industry. Some of them are 8Pay, Bank Transfer, BPAY, Cheque, ClickandBuy, EntroPay, Neteller, PayPal, Poli, Skrill (Moneybookers), WebMoney, Western Union
Betfair is a highly secure site with its SSL encrypted to prevent hackers from stealing the information of its growing customer base and users. It is also a member of the fair gaming body which adds another layer to its safety and security measures.
Betfair has a remarkable customer support team which is available all year round. You can also make enquiries by dialling their toll free number or contacting their email support team who are always available to listen to any queries which punters might have.
One issue is that the online chat function can’t be seen easily on the website which can be quite frustrating for people who’re not familiar with the website. When it is eventually found, the chat time and the queue for customers to speak with agents is very lengthy and the average time to wait for each customer support personnel takes a lot of time.
As one of the most reliable bookmakers in the industry, Betfair has done very well and has continued to improve its services. With a name this big and a brand this reliable, Betfair is not going to give up its place as one of the major forces in the industry anytime soon.