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Betfair has been online since 2000, making it one of the earliest entrants into the relatively new concept in sports betting. For those not familiar with the concept,
a 'betting exchange' operates a little differently than traditional sportsbooks; by facilitating peer-to-peer bets and taking a 5% commission on net winnings
rather than taking the action from punters directly.
For those new to the concept, Betfair offers a wealth of information on-site about how the exchange works, including visual walkthroughs of the exchange process and
detailed help/instructions.
While they don't offer the most competitive commission structure when compared to some more recent entries into the exchange market, they do continue to have
one of the most active betting exchanges - which at times makes for some great odds, especially when betting against favorites. Recommended, though
not always your best bet for odds depending on your wager.
Banking Options:
Visa, MasterCard, Maestro, Solo, Switch, Delta, Laser, Bank Wire, Check, Moneybookers, Western Union, NETeller, WebMoney.
Minimum Deposit:
Betfair customers can fund their account for as little as £10.
Minimum Bet:
All exchange bets have a minimum wager of £2.
Visit Betfair Exchange
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Sport Wagers Offered:
Wagers can be placed on American Football, Australian Rules, Baseball, Basketball, Boxing, Bridge, Chess, Combat Sports, Cricket, Cycling, Golf, Greyhound Racing, Handball, Horse Racing, Ice Hockey, Motor Sports, Pelota, Rugby League, Rugby Union, Snooker, Soccer, Tennis, Volleyball, Water Polo, Winter Sports.
Other Bets Offered:
Betfair also offers a variety of non-sports related exchanges, including those on Finance, Politics, Reality TV outcomes and other special events.
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Click Here To Visit Betfair Exchange
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Licensed In:
Australia, United Kingdom.
Odds Formats:
EU (decimal) only.
Restricted Countries:
USA.
Bonus(es) Offered:
£25 free bet for new players.
Additional Offerings:
Also offers an online casino and poker room by the same name, as well as 'exchange' versions of many casino games.
Languages:
Web site is available in: English, Spanish, Italian, French, Chinese, German, Greek, and Turkish.
Betting Currencies:
- AUD - Australian Dollar
- CAD - Canadian Dollar
- DKK - Danish Krone
- EUR - Euro
- GBP - Pounds Sterling
- HKD - Hong Kong Dollar
- NOK - Norwegian Krone
- SEK - Swedish Krona
- SGD - Singapore Dollar
- USD - US Dollar
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