What can you expect when you join and bet with Betfair? That’s the question that we plan to answer with our comprehensive review of the betting exchange.
Betfair are Australia’s top betting exchange and are basically unrivaled in that position. If you’re not sure what a betting exchange is then we’ll try to explain it later in the review.
First impressions make have a big impact and our first impression with Betfair is positive. Signing up takes less than a couple of minutes and we were able to deposit funds into our account just as quickly.
Placing a bet is also pretty simple, despite being different from an online bookmaker.
With Betfair, you’re not betting against the bookmaker. You’re betting against another Betfair customer. This means no liability lays with Betfair.
You’re basic options are to either Back or Lay in any given market. Should your bet win, Betfair take a small 5% commission on your winnings.
Betfair Betting Products
Betfair offers a massive range of betting products and these range from basic tools to help your everyday punter, to advanced methods to assist in professionals in their betting exchanges.
If you’re reading this then you’re probably only looking for the basic tools to begin your Betfair experience. Betfair provide punters with the best tools possible as they’re not chasing losing punters like a traditional online bookmaker. They make money off winning punters.
Overall we highly recommend Betfair, you’re likely to find much better odds on Betfair than corporate online bookmakers and for this reason alone we would encourage users to join.
They offer a great betting experience both on desktop computers and on the Betfair app for both Apple and Android phones.
Despite offering no current sign-up offer, Betfair make up for it ten times over and we can’t fault them in any way.