Betfair Review

Here in Australia, the United Kingdom online bookmaker Betfair reports to and follows the regulations of the Tasmanian Gaming Commission. Learn how to make the most of Betfair promotions.

It began operating in 2000 and claims to be one of the largest online bookmakers, with over 3 million customers and over 1000 employees stationed at operations offices around the world.

Since they operate all across the planet, they offer their support and services in more languages than any of the other Internet bookmakers. They even boast five English dialects; so Australian punters are not compelled to use British wagering jargon. Betfair Mobile App Review

Betfair enjoys the singular distinction of facilitating punters acting as a bookmaker by permitting them to lay wagers as well as back them. Of course, punters who wish to lay races must be realistic enough to offer odds that will attract the punters looking to act as backers.

Betfair Review

Since the competition amongst online bookmakers to attract new customers is highly intense.

One attractive benefit Betfair features is that there are no turnover requirements. Another is that they have no dormant account fees. These are valuable for punters that desire a period of respite or prefer to have multiple online bookmaker accounts.

Betfair permits wagering accounts to be funded six different ways: bank transfer, cheques, Moneybookers, NETeller, BPAY and Moneybookers.

There minimum online wager of five dollars is the highest of the Australian online bookmakers. It would seem to be a consequence of permitting punters to lay events.

There is an extensive video tutorial and online help section that goes to great lengths to familiarize punters with all the details of wagering, filling out a betting slip and navigating the website. This instructional material does a good job of countering criticism that Betfair’s website can at times be a little overwhelming to someone with limited experience at online betting.

With regard to horse racing, Betfair as the most available markets, with selections available from Australia, Ireland, France, the United States, New Zealand and South Africa offered.

Available types of wagers run the entire gamut from the basic to the exotic.

The website contains multiple links to recent and historical results, form sheets and live video and racing coverage of many meetings.

Betfair Betting Exchange Review

Betfair Offers The Punter The Complete Package

Their unique aspect of acting as a bet matching service is attractive to experienced punters who appreciate the ability to lay bets, a benefit that more than compensates for any extra effort familiarizing oneself with the web interface requires.

One of the major reasons why Betfair enjoys a huge punter following is because it offers a huge selection of betting products, promotions, and specials. In these products are some of the best odds that are better than the Australian TABs.

The bookmaker not only allows you to back a selection to win but also to pick selections to lose and pick your own odds just like stockbrokers do. As a punter you get to make the best of both worlds. Betfair offers fixed price odds on events set by punters across the globe.

Betfair charges a 5 percent or less commission on winning bets, which makes it a lucrative proposition for punters. The bookmaker offers ‘In Play’ betting on select races where you can either Back or Lay off a horse during the course of the race.

Besides, you can sign up for free and receive fixed price odds on all races. You Back a horse the same way as you would place a bet with a bookmaker. On the other hand, when you Lay a horse, you are betting on it not to win, so if the horse loses you win or vice versa.

Betfair Review

More Betting Products

  • Fair Price – This combines two products called Fair Div and Fair Fluc. You get the best odds of among the three Australian totes with Fair Div on Win, Place, and Each Way, and best fluctuation odds with Fair Fluc from on-course bookmakers.
  • Betfair Tote – The bookmaker’s Tote service is in conjunction with Tote Tasmania which is a part of the SuperTAB pool. This includes Win, Place, Exacta, Double, Quinella, Trifecta, and Quaddie bets.
  • Quinella: A bet on the first and second placegetters in a race in any order.
  • Exacta: A bet on the first and second placegetters in a race, in exact finishing order.
  • Trifecta: A bet on the first, second and third placegetters in a race in exact finishing order.
  • Doubles: On selected meetings, groups of two races are nominated. A double bet requires you to select the winner of both the nominated races.
  • Quadrella (or ‘quaddie’): On selected meetings, a group of four races is nominated. A quadrella bet requires you to select the winner of all four nominated races.
  • Betfair also offers Multiple Betting, a product that lets you combine selections from different markets into one single bet between 2 and 8 legs with odds that are determined by multiplying the odds of each leg. If you like the prices of 3 selections over a weekend, you can multiply them together and make a Multi bet. If all of them win, your return is multiplied!
  • In-Play betting is one of Betfair’s popular products where punters can take advantage of rapidly fluctuating odds during a race. It allows you to place a bet after the jump and while the race is on.

Racing Zone Interactive Tool

Open an account with Betfair and you get access to a number of interactive tools to compare Betfair Back & Lay odds with the three Australian TABs and get the best current price available.

You can customise your preferences to suit your needs. You also receive the latest race results, scratchings, form guides, and much more. Then again, there are many more reasons to sign up for Betfair promotions and ensure you get the best odds available on a variety of horse and greyhound racing, and other sports.

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