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Betfair Review

Rating:Sportsbook Rating 9/10
Origin:United Kingdom (2000)
Bonus:
25$ (Risk free bet) Bonus Info
Betting Odds: Very high, Sports: 35
Support:  Forum, Email, Phone
Betting Limits: Variable
Active Players: ~1.500.000
MobileInplayLive StreamsUS Players

Betfair

Bonus Information

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Betfair
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Betfair
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Betfair
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Betfair Intro

Pro:

  • very good odds
  • broad range of possible bets
  • good, integrated forum
  • risk free first bet for SportsbetBonus.net

Con:

  • can be complicated for beginners

Betting Exchange and sportsbook

Betfair was foundet in 1999 and completely turned around the world of bookmaking.

Betfair is not a sportsbook in the classic way it is actually more of a betting exchange. The customers themselves act as sportsbook and offer odds which can be bet upon by other customers.

Betfairs odds are thus managed by supply and demand, also called Lay and Back. As a direct result, Betfair oftentimes offers odds which are ranged way above those of ordinary sportsbooks

In the year of 2010 the Betfair odds for horse racing in England have been approximately 24% above those of classic sportsbooks. European soccer matches have been about 9% higher. Those high odds make it easy to stomach the 2 5% commission charges with every bet won.

Due to this innovative concept and the very good odds, it is of no wonder that nore than 3 million customers are signed up with Betfair.

Variety, Variety, Variety

Betfair does not only score big time with their exceptionally good odds also the range of offered bets is one of the best, to be found throughout the market.

With Betfair the customer can place bets on literally countless events. Starting with sports, of course but also ranging from politics to TV shows and even on the next Academy Awards.

So it is no surprise, that Betfair executes more than seven million financial transactions every day.

With all this adulation, one should not forget one rather negative aspect, though: The website itself is not very user friendly. On a first glimpse it appears to be confusing and overloaded. Especially beginners can easily be scared off by it. A fact that needs immediate attention from Betfair.

A more positive aspect of the website is the very active forum which provides beginners and professionals alike with very good strategies, tips and tools.

In-Play Betting and Live Streams

The range of Betfairs offered in-play bets (live bets) and live streams is just as convincing as their standard range of offered bets. An overwhelmingly wide range of sports and other big events is offered to the customer here.

Additionally a huge number of those events is available as live stream, too. With the exception of horse racing the live streaming feature is completely free of charge as well. To watch horse racing with a live stream one has to place a bet of at least $2.

Betfair mobile The Betting Exchange to go

Betfair has also optimized their product range for mobile phones. This way one can place back and lay bets from everywhere.

A short overview of possibilities offered for the mobile phone:

placing back und lay bets

placing in-play bets

the possibility to update and cancel bets

quick access to all markets

Bookmarks

Support for Australian betting accounts

The apps for iPhone, Android and Blackberry are available for download at the Betfair website.

Languages

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Currencies

Australian Dollar Euro U.K. Pound U.S. Dollar