Betfair Online Sportsbook Review

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As the biggest betting exchange in the world, Betfair offers odds for all kinds of markets, including sides, totals, moneylines and futures. Newbies may feel intimidated when signing up for Betfair for the first time, but rest assured it is not as complicated as it seems.

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Site Name Betfair
Website URL https://www.betfair.com/
Network: OpenBet
Country: United Kingdom
Minimum Deposit: £10
Support Options: Email, telephone, live chat, FAQ
Deposit Options: Bank transers, debit and credit cards, e-wallets
Withdrawal Options: Bank transers, debit and credit cards, e-wallets
US Players Accepted: No
Get Bonus: Click here for Bonus

Betfair Sportsbook Review

Betfair is a reputable, respected and highly regarded online sportsbook. It is indeed one of the biggest and best online sports betting sites, and definitely the largest betting exchange there is. It was founded in 1999 and has grown to be one of the world’s leading bookmakers. They joined forces with Paddy Power in 2015, forming Paddy Power Betfair in 2016 and trades on the London Stock Exchange. The two companies still operate as two separate brands in the United Kingdom, Ireland, and Italy. Betfair is fully legal and is licensed in the UK, Gibraltar, Spain, Australia, Denmark, Italy, the United States and Bulgaria. In addition to sports betting, Betfair also hosts an online casino and poker room.

How Betfair Works

Betfair is a betting exchange, which means it runs in real-time. Punters can bet in two ways – a ‘back’ wager or market or a ‘lay’ bet. To back means to bet on a win, while a lay is to bet on who will lose. For a wager to take place, a player must lay a wager while another player backs it.

They charge a commission on wagers placed through these exchanges, although commissions are only earned on winning bets. Commission usually starts at 5%, but decreases as players earn more Betfair points. They pride themselves on excellent odds and large betting markets, with almost every sport covered. Of course, being a UK online sportsbook, the most popular markets include football and tennis, among others. Betfair also features markets on American football, baseball, rugby, horse racing, MMA and more. The site also boasts fantastic in-play markets for live betting.

Payouts

Betfair provides traditional sportsbook functions along with their betting exchange, with top flight football leagues like the English Premier League and Champions League reaching payouts of up to £1 million. Other leagues have considerably lower maximum wagers, and usually, fall in the £100K range.

Customer Support

They offer customer support 24 hours a day, 7 days a week via telephone, email and live chat. There is also a helpful FAQ section and customers can also get in touch via social media. You can expect email responses within a few hours, while live chat responses are a few minutes.

Banking

Betfair boasts incredibly fast payouts. GBP, EUR, USD, HKD, AUD, DK, and SEK are all accepted currencies. The site makes use of all the most popular and trusted banking options, including bank transfers, credit cards, and e-wallets. Payouts are impressively fast and efficient.

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