Betfair Exchange Review

Betfair is one of the original innovators in the betting exchange realm, opening for business in 2000. The brainchild of Andrew Black and Edward Wray, its model of peer-to-peer online betting proved a huge hit, driving rapid expansion of Betfair’s own business and encouraging plenty of competitors into this new market, envious at this new company’s unprecedented success.

Today Betfair is not only one of the most recognised brands in online betting, but it can also lay claim to being the largest Internet betting exchange in the world with over one million active customers and a turnover that exceeds an eye-watering £50 million pounds a week! A merger with Irish bookmaker Paddy Power in early 2016 further consolidated Betfair’s position as a market leader, and now allows its punters the convenience of a one-stop shop for both betting exchange and traditional sportsbook bets.

Welcome Bonus & Promotions

Get a free £20 Exchange bet

Bonus Key Qualifying Criteria: Use promo code VAL225. New customers only, bet up to £20 on the Exchange and if your first bet loses,Betfair Exchange will refund you £20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply. Best odds on certain markets for Premier League football, cricket, tennis, golf, horse racing and Greyhounds during specified timeframes. Prices compared against leading UK bookmakers and excludes enhanced prices and specials. Verification of ‘win bigger’ at promos.betfair.com. Open your new account using promo code VAL225. New Customers Only. Place a £20 bet in your first bet on the Exchange. If the bet loses we’ll refund you £20 in Cash.

Betting Markets

Betfair Exchange has over 31 sports sections covering most sporting events that are happening around the globe 24/7. Betfair Exchange also offers MMA, special bets, and e-sports.

Betfair Exchange odds are renowned.

Betfair Stats and Form
Betfair Exchange provides a comprehensive stats service as well as tips and predictions using its Betfair Blog located at betting.betfair.com. Betfair Betting Tips and advice is available on the following sports: Football, Horse Racing, Cricket, Tennis, Golf, Boxing, US Sports, Formula 1, Darts, Greyounds, UFC and e-sports.

Layout & Usability

As you would expect from such a stalwart of the betting exchange scene, Betfair’s site is absolutely stuffed with tempting markets to play with. Just about every sport you can think of is available, plus a ‘Special Bets’ category if you’re interested in exploiting the potential results of popular TV talent (or possibly lack-of-talent) shows, award ceremonies or even the weather! Naturally the abundance of betting markets can make the presentation feel a little cluttered, but clear navigation, well-implemented search facilities and pretty intuitive bet selection and placement makes things very easy to use.

Signing up for an account is a very simple process, and will give you access to the full range of betting entertainment Betfair now encompasses post its merger with Paddy Power. That means the previously mentioned traditional sportsbook, together with Live Casino, online casino, poker, virtual sports, and even bingo gaming if you love to immerse yourself in the widest possible world of wagering entertainment.

Betfair Exchange also scores highly for the exceptional usability of its mobile Exchange App too. This doesn’t integrate the sportsbook as the desktop site does, however if your focus is tightly on betting exchange markets that won’t be a negative. Available to download from Apple’s App Store or Google Play, it’s a great way to back, lay or trade to your heart’s content wherever you go.

Mobile & Tablet

Betfair Exchange offers an iOS app and an Android app but it’s just as easy to play on your Smartphone’s browser. You can watch your favourite sports live on iPhone, iPad & Android.

Payment Methods

Deposit Methods Include: Visa, Mastercard, Maestro, Neteller, PayPal, Paysafecard, Skrill, Bank Transfer, Cheque.

Withdrawal Methods Include: Visa, Mastercard, Maestro, Bank Transfer, Neteller, PayPal, Skrill.

Customer Support

Betfair Exchange offers excellent 24/7 support, 7 days a week. Betfair uses Web Message, Twitter, Phone and Post.

Verdict

Betfair’s reputation is well deserved and it’s undoubtedly maintained its status as a market leader through good service and punter-friendly tools to explore and exploit its offers. Its commission rates are very reasonable, and with further discounting of that rate possible from earning Betfair Exchange Points (a loyalty scheme that accumulates points for all transactions), this exchange should undoubtedly be on your shortlist of sites to trial.