Betfair Exchange Review

 

betfair exchange

 

Betfair Exchange are the world’s leading betting exchange. The betting exchange concept,  where you can back or lay money on sports events was started in around 2000 and has been gaining traction ever since.

Betfair merged with Paddy Power bookmakers in 2015, to create one of the largest online gambling businesses, valued at £5bn. They remain separate brands.

Today, Betfair remains the largest and most liquid of all the betting exchanges.

 

 

Markets

Betfair Exchange have a great selection of sports markets but bear in mind that by far the most liquidity exists in football and horse racing. Cricket, tennis and rugby markets are generally liquid enough to trade but with some of the more obscure events and markets, this is not the case. However, on major sports most of your requirements should be met and you will receive excellent odds.

 

Odds

Betfair is a ‘person to person’ exchange, so the odds are set by the customers. There is no bookmaker taking a percentage out of the market. As a result, the markets are generally much closer to a 100% book than with a traditional boomaker. This means that you tend to get better prices with Betfair. Odds can be especially good at the ‘long’ end of the market. So a 20/1 shot might become 25/1 on the exchange, a 50/1 shot might be 80/1, a 100/1 shot might be 200/1 – depending on the market / event. At the ‘short’ end of the market you will also tend do better – say 10 -15% on most ‘favourites’. Remember, you do need to factor in commission of 2 – 5% (depending on bet winnings / volume) on winnings.

Limits: You are only limited by the volume of money available to bet on each horse / team / individual in any market.

 

Promotions

Betfair does offer promotions in the form of sign up bonuses on the exchange, as well as other promotions for its sportsbooks, casinos and other brands. However, the bonuses should not be the primary reason for joining the exchange. You should be more concerned with getting the better value odds that you will benefit from over the long term.

 

Banking

Betfair doesn’t offer a huge range of banking options but all the major ones are covered. Debit / Credit Card, Neteller, PayPal, Paysafe Card, Skrill, Bank Transfer.

 

Service

Betfair customer service isn’t that great. For the day to day enquiries they are absolutely fine but sometime more complex matters aren’t dealt with that efficiently. It could be training or perhaps they continue to be a victim of their own success. We don’t believe, however, that the poor service is a reflection of the business as a whole.

 

General

Betfair have expanded over the years to include a Sportsbook, Casino, Live Casino, Poker, Games, Arcade, Vegas Slots, Macau, Bingo, Pools Betting and Virtual Sports. You won’t get bored.

 

Video Below:

Just an example of what can be achieved on betting exchanges like Betfair.

Here Gruss software was used as this was an in-play market. Software like this integrates with Betfair for faster response times.

Software isn’t necessary unless you are trading on fast moving in-play markets.

 

 

 

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