At the time of writing, Betfair offers 31 sports to punt on, and thousands of betting markets. The selections at offer are huge, and Betfair is particularly renowned for the odds they offer on football. The bookmaker offers odds on sports like Football, Cricket, Baseball, Ice Hockey, Winter Sports and Badminton, among other sports.
Betfair offers a variety of different minimum and maximum bet limits, as per your selection, and the odds that you are backing. You must always check the terms and conditions of a particular selection, before placing a bet.
The maximum pay out cap on the other hand, is quite high when it comes to Betfair, and varies from sport to sport. While Football and Horse Racing are capped at £1 million, Tennis is capped at £200,000, and Cricket, at £100,000, among other sports.
You must perform your due diligence before placing a bet, explore the variety of betting markets at offer, and compare the odds offered by several different bookmakers. You must practise safe betting to ensure that you do not spend your hard earned money unwisely, or bet more often than is healthy.
That being said, each bookmaker operates around a bookmaker margin. A bookmaker margin exceeds a 100% market, and is the margin above which an ideal market lays. Bookmakers earn profits off these margins, and anything under 110% indicated a good bookmaker.
According to Betfair, they offer the Lowest Odds Overround for pre-match offers in the Champions League, since the 1st of March, 2017.
To determine how good the odds on offer at Betfair are, we calculated the Odds Overround, by adding the probability percentages of the all the possible betting outcomes, for 2 games in the English Football League Cup.
The more active and competitive a market is, the nearer will be the Odds Overround to 100%. The odds overround were found to be 104.8, and 106.9 respectively. These are competitive odds, considering the competition out there, and make Betfair worth punting on.
To put it into perspective, taking into consideration the first match, the odds overround were for a fixture between Manchester United and Manchester City, for which all the top bookmakers will be offering competitive odds to attract bettors.
Esports are extremely popular among the younger generation, and quite a few talented gamers have made a career out of playing Esports at the highest level. Betfair does not disappoint when it comes to offering odds on a couple popular Esports. The betting limit/maximum stake for Esports stands at £10,000 for all markets.
At the time of writing, Betfair offers odds on the League of Legends, in the form of China’s LPL Spring Split Tournament. There are several different betting variants at offer for matches contested in this competition.
Betfair has also forayed into Counter-Strike: Global Offensive, and offers several betting variants on matches contested between teams, playing this game. The minimum allowed age to bet on the platform is 18 years, as is the case with all other betting variants on Betfair. We expect the bookmaker to offer more Esports in time of come.
As is the case with the best bookmakers out there, Betfair offers several markets for Specials like Current Affairs and Entertainment. At the time of writing, there are several betting variants available on Pope Specials. You can place on outright bet on the Next Pope after Francis I and the Papal Name of Next Pope. You can also choose to place an outright bet on the winner of the Nobel Peace Prize 2020, of which Greta Thunberg is the favourite, at odds of 5/6.
Betfair offers for a variety of different maximum bet limits, as per your selection, and the odds that you are backing. You must always check the terms and conditions of a particular selection, before placing a bet.
In the entertainment sector, there are several betting variants available for the Oscars 2020, and Dancing on Ice 2020. You can choose to place an outright bet on BBC Sports Personality of the Year 2020, and I’m a Celebrity… Get Me out of Here! At the time of writing, Joaquin Phoenix won the Best Actor Award at the 77th Golden Globe Awards, and is favourite to win the Best Actor Award at the Oscars 2020, with odds of 1/9.
Cash Out and Bet Builder
Much like most popular bookmakers, Betfair offers a cash out option for punters. Betfair gives you the option to retrieve a portion of your winnings before a placed bet has finished. The winnings that you obtain could be greater than, or lesser than the placed stake amount. This depends on the cash out time, and the current probability of winning the bet, at the time of cashing out.
Betfair also offers an option to accumulate several Single Bets into an Accumulator Bet, via the bet builder feature. This allows you to build a bet according to your need, or wish. This in turn means that you must win all individual bets to win the custom built bet. This is an exciting feature, as it essentially means that you can create an infinite number of different bets.