Launched in June 2000, Betfair online has revolutionised the way that betting online works, and as a result has become a huge success in a limited period of time. With no betting shops in the UK and Ireland, it is purely an online betting business and works more like a stock exchange and due to this, it provides a very professional and enjoyable experience.
So what makes betfair different from every other bookmaker out there. Its simple. At betfair you can choose your own odds. If you don’t like the price that’s on offer, you can set your own price and see whether anyone wants to have a bet with you. As you are not betting with the bookmaker, but against other customers, this is entirely possible.
Another unique thing about betfair is the idea of both backing and laying bets. Backing a bet is betting on a team to win, just like in any other bookmaker. However at betfair you can lay a bet, which means you’re betting on the team not to win. Remember you are not betting against betfair but against other customers.
The minimum stake you can bet on betfair is £2.00. Although this doesn’t appear to be a problem, if you’re the kind of person who likes to place crazy micro stake accumulator bets, this may not be the site for you.
The layout is pretty stylish and they have a menu bar at the top of the screen which directs you on wherever you want to go. You can bet on a wide variety of sports, as well as play arcade games, and bet on special events as well as the financial markets . Betfair Live means you can watch a selection of matches that betfair have access to where betfair mobile makes it easy to bet wherever you are, whatever the time.
Betfair are currently offering a £25 free bet to new customers. In order to receive this free bet you need to sing up using the promotion Code BET234, make a deposit of up to £25 and if your first bet loses then betfair will refund you the money you lost in 48 hours. They also offer many other promotions as well. At the moment they have ‘May Madness’ where you earn points by betting, and points can be exchanged for a number of prizes.
The support at Betfair is pretty good and they offer a 24/7 email service. However unlike most bookmakers they do not have a live chat function and so this means that any urgent queries can only be sorted out over the phone.
Betfair accept a range of credit cards and debit cards. These are Visa, Visa Electron, Visa Delta, MasterCard, Maestro , Solo and Laser. They also accept methods such as bank transfer and moneybookers.