Betfair Exchange Review

Betfair Exchange

0% Commission Up To €/£500 on the Exchange

Betfair Exchange is currently offering new customers offer 0% commission up to €500 on the exchange plus get a 2% rate thereafter with Betfair’s basic package.
Applies to Betfair Exchange bets & any commission paid within the first 30 days. Refunds occur every Wednesday based upon the activity carried out during the 7 days prior. 2% rate will apply after the promotional period & is offered through the Betfair Rewards Basic package. T&Cs.

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:

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

The mac daddy of online betting. Good brand, good technology, great user base, and some amazing offers. Get started with a free bet here.

Before we get started reviewing Betfair, there is one important thing to point out.

As far as we are concerned they are the default bookie offering pretty much everything one could need to satisfy their gambling needs (or wants).

With the exception of sports spread betting, that you need to go to Spreadex or Sporting Index.

So what makes Betfair so great?

Firstly, they are the pioneers of disrupting the online gambling market by offering peer-to-peer betting rather than betting against the house.

This means that when you bet on Betfair you are betting against other gamblers who are laying bets. So it feels more like a sport than just chucking cash at a traditional bookie who wants you to lose.

Because of this, you get better odds as individuals set the price.

So in outright bets, you can win significantly more. If you’re interested to see how much more take a look at this video that new betting exchange Smarkets put up showing how much more you can win by using a betting exchange

How’s the competition for Betfair?

There are a few Betfair alternatives, and by this, we mean the three other betting exchanges:

You can view our run-down of Betfair alternatives here, but bottom line is that Betfair is the best. They offer more markets, better liquidity a bigger balance sheet, they are publicly listed on the LSE. We’ve put together a handy comparison table of the best betting exchanges in the UK here, so you can compare key features at a glance.

What else does Betfair offer?

Betfair pretty much ticks all boxes with market and game coverage and include Betfair branded versions of all these which can be accessed from funds in your main account:

Betfair Exchange Welcome Offer and Other Promotions

When it comes to 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:

Betfair – Latest Promotions Review

Betfair online sports betting site has a number of promotions on the go for new and existing punters.

Betfair Exchange Sign Up Offer

Enter the promo code and you’ll get a £20 risk-free bet. If your bet loses out, the bookmaker will refund the £20 in cash. You must place the bet within the first 7 days of opening your new Betfair account.

Betfair Exchange

0% Commission Up To €/£500 on the Exchange

Betfair Sports Promotions

The first Betfair sports offer is this. New customers who place x £10 or more bet will receive £20 in free bets. Repeat this five times and you stand to get a maximum of £100 bonus. Minimum odds for this one must be 1.5 or more.

Alternatively, you can get a 100% match deposit bonus up to a whopping £100. For this promo, you must have settled bets up to three times your qualifying buy-in amount and bonus before you can make a withdrawal.

Or, deposit £20 and play with £40. You buy-in and bonus for this promo must be wagered 10x in 90 days on minimum odds of 1.6.

Finally, on the Betfair sports side of things, commit £30 through the sportsbook and you’ll qualify for the new Betfair sign up bonus of £60. Wagering requirements are 10x.

Betfair Online Casino Promotions

Betfair online casino also has plenty on offer right now. Firstly, new players can get a 100% match deposit bonus up to £100 with a minimum deposit of just £10 needed to trigger the bonus. There’s a 45x playthrough requirement on this one.

Alternatively, deposit and play £5 and you can avail of 25 bonus spins. The spins expire 7 days after acceptance and winnings are paid in cash.

There’s also a Betfair Bingo promo running right now where you can bet £5 and get £25 if you’re a new customer to Betfair.

If arcade games are of interest to you, you can bet £10 and instantly get 50 bonus spins if you open a new Betfair bingo account today.

Poker fans can avail of a 200% match deposit bonus up to a staggering £1,000 when they open a new Betfair poker account.

Get Your Betfair Promo Codes Today

If all these Betfair promotions have got you ready and excited, it’s time to open a Betfair account. Grab your promo codes and enter them upon registration to grab these incredible offers! Head on over by clicking the button below or you can Check out our step-by-step guide on how to open a Betfair account.

Betfair Exchange

0% Commission Up To €/£500 on the Exchange

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 the 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 – Free Bets

As an established and reputable sportsbook, Betfair is one might generous online sportsbooks, and that means there are always Betfair free bets up for grabs.

Open a new Betfair account today and enter the promo code to get up to £100 in free bets to spend at the sportsbook.

Betfair Exchange

0% Commission Up To €/£500 on the Exchange

How to Claim Your Betfair Free Bets

Claiming your free bets is quick and easy. All you have to do is place £10 bets on a wide range of sportsbook markets at minimum odds of 1.5 or more and you’ll get a £20 free bet. Do this five times over and you’ll have 5 x £20 free bets credited to your player account.

Unlike many other sportsbooks offers, there aren’t a whole lot of wagering requirements to meet. In fact, just place your five £10 bets and once they’re settled, you’ll get a free £20 bet to use as you like. Best of all, the winnings are all yours to withdraw immediately along with the £20 free bet stake if you have a winning bet.

The Betfair sign up bonus is an excellent way for you to get to grips with the sportsbook and is especially handy if you’re new to online sports betting.

The chance to place risk-free bets is a fantastic way to learn all you need to know about sports betting. So, if you’re new to it all, this is the free bet you’re going to want.

Check out our step by step guide on how to open a Betfair account today.

The Betfair Sign Up Bonus

To claim your Betfair free bets, you need to head to Betfair by clicking here,  sign up and enter a promo code at registration.

Betfair knows how competitive the industry is, and as one of the leaders in online sports betting, it’s gone all out to attract and retain new punters.

Once you’ve gone through your sign up offer, you can avail of plenty of other bonuses, like match deposit bonuses and even more free bets. This sportsbook knows how to keep you excited and keep you betting!

It should be noted that the Betfair free bets for new players are only available to punters in the United Kingdom and the Republic of Ireland.

All that’s left to do is sign up, enter your free bets promo code, and start betting!

Betfair Exchange

0% Commission Up To €/£500 on the Exchange

Then, make even more deposits and make sure you grab even more amazing Betfair promotions and bonuses along the way.

Betfair – How to Open An Account

If you’re keen to back your favourite teams, and you really like a good offer, it’s time to check out Betfair. The sign-up process, fortunately, is incredibly easy and you’ll be grabbing your free bets and placing punts in no time at all.

You can open your new Betfair account from your desktop, laptop, or mobile device.

How to Open a Betfair Account

Step 1 – Join Now

Betfair sign up

Head to the Betfair homepage (by clicking the button below) and click the Join Now button that’s in the top right-hand corner of the page.

Betfair Exchange

0% Commission Up To €/£500 on the Exchange

Step 2 – Fill In the Registration Form

Registration form

You’ll be directed to the Betfair registration page. It takes a few quick minutes to fill in the following details:

  • First name
  • Surname
  • Date of birth
  • Country of residence
  • Postcode
  • Home address
  • Phone number
  • Email address
  • Password
  • Security question
  • Preferred currency
  • Betfair promo code

Keep your password safe.

Click the Agree and Open Account button.

That’s it, it takes just 2 steps to open your new Betfair account and grab a promotion!

Get Your Betfair Bonus

The registration page will ask you to enter a promo code. Make sure you have a valid code when you sign up to grab the free offer of £100 free bet.

Making a Deposit at Betfair

Once you’ve opened your new Betfair account, you’ll be directed to the deposit page on the sportsbook site. This is where you can make your very first deposit.

Keep in mind that if you’re claiming a Betfair bonus, you need to deposit at least £10 and wager odds of at least 1.50 to start the qualifying process and claim your £100 free bets.

The deposit page offers a number of payment options, but you will have selected your preferred currency upon registration.

When it comes to funding your Betfair sportsbook account, you can choose any of the following banking options:

  • Visa
  • PayPal
  • Skrill
  • Neteller
  • Paysafecard
  • Bank wire transfer
  • Cheque

E-wallets and credit and debit cards seem to be the most popular options with our Betfair punters.

Keep in mind that it’s easier to withdraw funds using the same method you use to make a deposit. If you’re using a credit or debit card, you’ll need to add your details the first time you make a deposit. This means entering the card number, cardholder name, and expiry date.

Once that’s done, you can make your deposit. Enter the amount you want to deposit or choose one of Betfair’s standard amounts which are £50, £100 or £200 . The minimum deposit amount is just £10.

Betfair Loyalty Programme and VIP Management

Betfair exchange offers one of the best loyalty and VIP management programs 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.

Betfair Sportsbook

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 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.

Betfair Casino

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, the 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.

Customer Support

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.

Business Information

  • 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

Our Verdict

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.

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