Complete Betfair Review

Betfair was one of the first online betting exchanges, and today is probably the largest and best known site of its kind. Betting exchanges differ from traditional bookmakers in that members offer or accept bets from other members rather than the house, with Betfair charging a small % commission on every bet.

In principal this should mean that members can get better odds without the house always having an edge, as other members compete against each other to offer more attractive odds. In practice the odds may only be a little better although sometimes there can be significant differences between odds on offer at Betfair vs. other bookmakers.

Betfair is licensed in the UK and numerous other territories, although they do not accept US members. Betfair handles over 1.5 million bets every day, with up to £50 million pounds being staked every week. All major sports are covered at Betfair including racing and football, and it is possible to offer or accept bets on the financial markets and on special events.

It can be a little more complicated to get to grips with betting exchanges than simply placing bets at a traditional bookmaker, but the effort is well worth it, and Betfair goes out of its way to explain the process. The Betfair website is fast, clean and easy to navigate, and there is plenty of online help guides, in addition to phone and email support.

Betfair run regular free bet offers for new members, and the occasional additional promotion, but the main attraction is the possibility of coming across particularly generous odds on occasion, which make it well worth becoming a member of Betfair so you can easily track your favourite sports, markets or events and spot those golden opportunities.