Betfair Review written by our sports betting expert.
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The trade name for Betfair Limited, Betfair
is registered as a limited company out of England and Wales. After carefully developing their betting technologies, Edward Wray and Andrew Black founded Betfair
in August 1999 to commercialize and capitalize on their efforts. The result is the world's leading betting exchange.
steers clear of conventional betting site manners, and bets placed here are by users who either want to back an event or selection to win, or lay an event or selection to lose. By matching bets between people with opposing bets, Betfair
claims to garner a twenty-percent higher odds percentage than other, more traditional bookmakers. Betfair
, however, takes a five-percent commission on all successful bets by beginners, and an undisclosed commission from veteran gamers.
The success of Betfair
is almost staggering, as they have pushed through to more betting features, more markets and more betting possibilities than any other bookmaking business. It is estimated that Betfair
's interests could total ninety percent of all shares in the betting exchange market.
Betting "Back" refers to betting that a certain outcome will occur. A "lay" bet is in reference to betting on an outcome not occurring. You choose the odds, and you can watch the event while you bet. If this seems a bit complicated and you feel that making all of these choices on your own may be too high pressure for you, we must explain that Betfair
is one of the simplest, most informative sites on the web. A novice will be betting like an old pro within minutes of navigating to their website.
allows you to trade your odds, as long as the event has not ended yet. This way, whatever the outcome of the event is, you can guarantee a profit by backing a selection at higher odds and laying the same selection at lower odds.
If a less conventional betting venue is what you seek, Betfair
has a wide array of TV reality shows and European non-sporting events for you to choose from. It is rather difficult to find a wagering event that Betfair
doesn't make available. Among the many are American football, Australian rules football, bandy, athletics, basketball, baseball, chess, boxing, combat sports, cycling, Gaelic games, darts, handball, horse racing, greyhound racing, golf, rowing, ice hockey, rugby league, rugby union, football, snooker, water polo, tennis, volleyball and winter sports. Live betting, or in-play betting, is also a key feature at Betfair
The development of this site has incorporated an ease-of-use approach with a clear, concise visual and working format. We would expect no less from Betfair
than pure excellence, and this site is a perfect example of that. Boasting extensive site tutorials and informative, prompt customer service, every part of the Betfair
site can be easily accessed and utilized.
account can be set up for deposits and withdrawals by using the following funding methods: Credit Cards (Mastercard, Visa), bank transfers, cheque, Maestro, Solo, Delta, Electron, Laser, Switch, Paypal (only in the UK), Moneybookers, Neteller, BT Click&Buy, 8-Pay, MoneyTT, MoneyWorld, Western Union.
imposes a minimum £2 liability stake.
It may take those who are new to the unconventional betting experience offered by Betfair
a few tries to fully understand and enjoy this unique and rewarding site, but we are confident that you will more than appreciate it once you're acquainted with its intricacies.
A few last words on the Betfair
experience: The user benefits of this type of gaming are unmistakable. The odds are better, and you can hedge your bets or limit losses by switching from laying to backing a bet, during event action, and vice versa. The same amount of money spent on the betting exchange at Betfair versus a more conventional betting site gives the user a better chance to use different betting strategies to limit the risks in betting.
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