In this review, we are going to explain everything you need to know about Betfair Exchange before you can create an account. Our review will cover the following sections:
- What is Betfair Exchange
- Betfair welcome offer and other promotions
- The products, sports, and markets
- Betfair Sportsbook
- Betfair Casino
- Mobile and App
- Licensing and regulation
- Customer care services
- Banking methods
- Business information
Introduction to Betfair Exchange
Betfair is one of the leading sports betting operators in the world since it offers unique products and services from other online gaming platforms. Over the years, Betfair has become one of the most popular betting exchanges in the industry while also offering casino and traditional bookmaker services.
The platform started offering its sportsbook services in 1999, and it is part of the famous Paddy Power Betfair PLC.
After the first successful year, the site made its entrance to the online gambling market and quickly found itself among the best in the industry. Betfair enjoys a huge fan base from the United Kingdom, and it also has dedicated punters in Spain and Italy as well as other parts of the globe.
While the sportsbook platform was established in 1999, Betfair Exchange first opened its doors in 2000. Instead of using the traditional bookmaker to bet, players can now use the Betfair Exchange to place bets against other punters. The platform is mobile-friendly and offers a trusted and safe gaming platform.
Betfair Exchange Welcome Offer and Other Promotions
When it comes promotions, Betfair Exchange offers some of the best and most generous deals in the industry. The fun starts just after creating a new Betfair Exchange account and making your first deposit. Some of the latest promotions available at Betfair Exchange include:
The Welcome Offer
Betfair Exchange has a fantastic new player offer. When you create an account and make an eligible deposit, you will get a chance to claim a cashback bonus of up to €/£30 when your bet loses. Claiming this offer is very simple since the only thing you need to do is to make a minimum deposit of €/£30 and place a bet worth this amount.
If the bet loses, Betfair will refund you €/£30 in bonuses. Only deposits through debit/credit cards are eligible for this offer. Also, the first exchange bet will only count towards the bonus. To learn more about the offer, you can visit the site and navigate to the terms and conditions section.
Free Bets, Matched Bets and Other Promotions
Betfair ensures that the fun does not end after using your welcome offer. It has other promotions to keep both new and existing punters happy. The bonuses and promotions currently available include:
- A €/£5 free bet on the exchange: This offer is available to both existing and new players. They must deposit and play with €/£5 or more on the exchange. If the bet loses, they will get a refund of up to €/£5 in cash.
- Win a same game multi and earn a free bet: The offer is open to both existing and new customers. They must opt-in and place a winning same game multi-bet of at least 5 odds and above.
- Money back as cash when your horse goes odds on in-play and loses: To qualify for this offer, players must place a back bet on an exchange or specified race from a given tournament.
Free €/$5 on basketball: The offer is open to all players; new and existing and they must place a €/£5 sportsbook bet on any basketball match.
Betfair Loyalty Programme and VIP Management
Betfair exchange offers one of the best loyalty and VIP management programmes in the sports betting industry. All loyal players can get a weekly bonus of up to €/£5 when they spend a minimum of €/£15 on total accumulators between Monday and Sunday. The bonus is paid every Monday, and the €/£15 stakes can be placed on a single bet or multiple bets with three or more selections.
The Products, Sports and Markets
The market coverage at the Betfair Exchange isn’t as big as that of many other sports betting platforms. It is certainly not small with more than 30 sports and other markets included; however, the fixture coverage within the markets and sports provided is of excellent level, and the betting options are many.
Despite the low level of sports and markets available, the platform is one of the active betting exchanges in the world and offers the most loved and watched sports which include Football, Boxing, Horse racing, Greyhound racing, Olympic sports, American football, Ice hockey, Cycling, Snooker, Rugby union, Darts and Cricket.
Apart from the markets and sports, Betfair Exchange also has other unique features which include:
In-Play Betting and Live Streaming
Both the aesthetics and functionality of the live betting system are great. In general, the live betting platform and the live-streaming capabilities are excellent and strong.
The in-play section covers a vast range of sports and markets, and there is a large number of live-streamed sports events from across the world each day. To learn more about the Betfair Exchange in-play and live-streaming services, you should visit the site and create an account.
In addition to the betting exchange platform, Betfair has a sportsbook that covers a huge range of sports and leagues not only from the United Kingdom but also from other parts of the globe. The sportsbook offers both live streaming and in-play services. Players only need to place a bet of at least £/€0.50 on an event to watch a live coverage.
Betfair offers many sports and markets for the players to choose from, including football, horse racing, and rugby, among others. Also, it covers both major and minor tournaments from the United Kingdom and other parts of the world, including Spain, Italy, and the United States.
If you love sports betting, then a Betfair sportsbook account is what you need. Visit the sportsbook now, create an account, and make a minimum deposit of £/€30 to claim a welcome bonus of up to £/€60.
Besides sportsbook and betting exchange sites, Betfair also has a fantastic casino platform that covers the best games from top software developers in the industry. The Betfair Casino website is compatible with all devices, and the platform is currently offering an excellent mobile casino bonus. All mobile and desktop users can access the bonus plus a huge selection of casino games like:
- Slots: Top Gun, Age of Gods and Maji Wilds
- Progressive jackpots: Mighty Midas, Batman Begins and Pharaoh’s Treasure
- Live dealer games: Live Roulette, Live Blackjack, and live dealer versions of Baccarat, Sic Bo and Hi-Lo.
If you love casino games and you are looking for an online gaming site with a supreme reputation as well as a great welcome offer, then look no further. Join Betfair casino now and enjoy a 100% welcome bonus of up to £/€100.
Mobile and App
Apart from a platform that is compatible with all mobile devices, including Android, iOS, and Windows, Betfair also has a fantastic app that players can use to access the services available. Players can get the app for both iOS, Android, and Windows devices from the Betfair website.
Installing the app on any device is very simple, and it takes seconds or a few minutes in rare cases. Currently, players who complete the sign-up process through their mobile apps are eligible for the new player welcome offer. In addition, Betfair features a well-designed website that players can access through their favourite browsers.
Licensing and Regulation
Betfair Exchange is based in Gibraltar; therefore, all of the activities and actions of the platform are licensed and regulated by the Gibraltar Gambling Commission. Also, the site holds a license from the United Kingdom Gambling Commission.
When it comes to security, Betfair uses the latest 256bit encryption technology that comes courtesy of the Hydrant ID, with the 3DES protection. So players can register, make payments, and play at the site knowing that their information is well-protected.
The platform is available to players from the United Kingdom and other countries including Spain and Italy. Albania, Afghanistan, USA, Turkey, and the African nations are some of the restricted countries. To learn more about restricted countries, visit the site and navigate to the terms and conditions section.
Players at Betfair Exchange have plenty of options when it comes to contacting the customer care team. They can either use an email, phone, or live chat. Also, there is a comprehensive FAQs section that can provide answers to some questions. The customer care team is available 24/7, so you should be free to seek its services at any time of the day.
When making payments at Betfair exchange, there are a number of reputable options that customers can choose from. Deposits are possible through MasterCard, Visa, PayPal, Neteller, Skrill, Webmoney, and PaySafeCard as well as bank transfers. If you want to make withdrawals, you can do so via credit and debit cards like Visa and MasterCard and e-wallets such as Skrill, Neteller, PayPal, and Webmoney.
Bank transfer is also available for selection. The minimum deposits are between £/€5 and £/€15, depending on the payment method. Currently, the transactions are free, and there are no withdrawal limits.
Note that if you want to withdraw or use any bonus funds, you must meet a 45x wagering requirement for the casino bonus and a 10x play-through requirement for the sportsbook or betting exchange offer.
To ensure there is enough security, the betting exchange has a rigorous NYC system in place. Closing of accounts without any warning and not refunding the cash is the most common complaint among players at Betfair Exchange.
- Year established: 1999
- CEO: Breon Corcoran
- Listed: Yes, on the London Stock Exchange
- Betting shops: Several across the UK
- Owners: Betfair Group plc.
- Employees: Approximately 2000
- Sister sites: Paddy Power, Betfair Casino, Power Leisure Bookmakers, and PPB Entertainment.
- Sponsorship: CONMEBOL club competitions
In general, Betfair Exchange performs excellently in areas that matter most including promotions, live streaming, sports, and markets as well as in-play betting. The platform is easy to navigate and features a user-friendly mobile app. On the whole, we think that it is a perfect destination for all types of players.