When does racing return? June schedule revealed
- Fantastic odds
- Vast range of markets
- Bet against punters
Software Playtech, NetEnt, IGT (WagerWorks), WMS, Blueprint Gaming, The Games Company, Odobo, Red Tiger Gaming
Deposit Methods: Cheque, ClickandBuy, Maestro, MasterCard, Neteller, PayPal, Solo, Visa, Western Union, Bank Transfer Express, Skrill
Cheque, Neteller, PayPal, Visa Electron, Visa, Bank Transfer Express, Skrill
|Often better odds than most sportsbooks||Can be difficult to grasp at first|
|Play against punters rather than the bookie||Liquidity in the market can be confusing|
|The loyalty scheme is excellent||In-play odds are often ahead of coverage|
Betfair Exchange Betting Review
To give you a better insight into Betfair Exchange, it's important to run through the basics of exchange betting and track its roots. In terms of lineage, flutter.com and Betfair (two companies which merged in early 2000) were the first online exchanges.
Since this time a number of competitors have joined the market, including BETDAQ. However, Betfair has remained the dominant force with a majority share of the online betting exchange market.
In terms of specifics, an online betting exchange is basically a platform where customers can speculate on the outcome of events determined by the market. Instead of betting lines being set and controlled by a single bookmaker, a betting exchange is a community of action where various vendors give you're the ability to buy and sell action.
Because the market is dictated by individuals setting their own odds and others buying action, there is a lot more dynamism, moreover, choice, in a betting exchange and this generally leads to better odds. Because you can trade in real-time throughout an event and choose to cancel bets and limit your losses or lock-in profit, it's possible to make more profit from exchange betting if you know what you're doing.
Indeed, when it comes to making a business profit, bookmaker operators generate revenue by offering less efficient odds. It's this difference between the true odds and the market price which allow bookmakers to earn some money. In contrast, however, betting exchanges normally generate revenue by charging a transaction fee which is calculated as a percentage of net winnings for each customer. Because of this structure, betting via an exchange is usually more profitable. In fact, even with standard commission charges ranging from 5% to 7%, it's usually possible for an experienced punter to make more money when they bet via an exchange.
However, that doesn't mean an online betting exchange is always the better option. Because online exchanges concentrate their liquidity in few markets, it means they aren't the best options for parlay betting (often known as accumulator betting). Although Betfair does offer accumulators, these options are limited and users cannot determine the outcomes contained within accumulators themselves.
Why open an account on Betfair Exchange?
Founded in the year 2000 and known as "the" online betting exchange, Betfair has since grown into a betting behemoth offering options in a range of disciplines, including casino, bingo and forex. However, despite this massive growth over the last decade-plus, Betfair hasn't forgotten its roots and, today, its online sports betting exchange is bigger than ever.
Indeed, when you land on the site today you'll find thousands of daily markets on just about any event you can think of. Moreover, all of Betfair Exchange's markets are designed by punters, for punters, which means you're always getting the best betting conditions possible.
How to get the bonus on Betfair Exchange
- Join – Open a new account using promo code VAL225
- Bet – Place a £20 bet on your first bet on the Exchange
- Get – If the bet loses they will refund you £20 in Cash
Betfair Exchange safety and licensing
Betfair Pty Limited ("Betfair Australia") is a limited liability company registered in Victoria with registered offices at Darwin Racecourse, Dick Ward Drive, Fannie Bay, Northern Territory 0820 (ACN 110 084 985). The Company is licensed in the Northern Territory of Australia.
Betfair Australia is licensed to operate the Exchange under Australian law. At any time the Exchange may be operated under a licence held by another company affiliated with Betfair Australia and if so Betfair Australia may assign this Agreement to such company.
Whilst it is intended that the Exchange will operate under Betfair Australia's existing licence, we reserve the right to switch the operation of the Exchange to another jurisdiction at any time, including, without limitation, for disaster recovery purposes.
In this case another company in an alternative jurisdiction will act as agent for, and provide services to Betfair Australia, to ensure that the Exchange will be available to you, subject to these Specific Conditions and the General Conditions.
Betfair Exchange odds and markets
When you first enter the Betfair Exchange you'll find there are two betting options: "back" and "lay". The former option is one that means you're trying to pick a winner, while the latter is a bet intended to say that a particular competitor will lose.
Naturally, for one person to back a proposition someone else must lay it and when this happens it's known as a match. This, in essence, is exchange betting in a nutshell; however, not all matches are possible and, at Betfair, if the wager is not immediately matched, you have the option to cancel it, or leaving it unmatched. If the latter option is in play, the offer remains live until it is either cancelled or matched.
This structural process aside, the Betfair Exchange has a vast array of sports betting options. Indeed, when you click on the 'sport' tab at the top of the main interface you'll find a cascading list of betting markets that includes: European football, horse racing and cricket. Moreover, you'll also find a plethora of American sports, such as baseball and basketball, as well as a selection of obscure sports betting options that you won't find at standard online sportsbooks.
Because the exchange is controlled by customers and not a single bookmaker it means there's a lot more scope for diversity. Everyone has their own betting styles and preferences and this means the range of sports and specific wagers is infinitely more varied than traditional online sportsbooks.
To give you a final overview of Betfair Exchange's main conditions, here's a quick bullet point rundown:
- Odds format: EU
- Commission: 5% - 7% on net winnings
- Minimum bet: £2
- Live betting available
Betfair Exchange Premier League betting
There are a multitude of Premier League markets to bet on with the Betfair Exchange, whether it’s pre-match, ante-post or inplay.
Offering literally hundreds of markets, you can back anything from total corners to total bookings, as well as the more traditional win-draw-win markets.
The English Premier League event with the most matched amount is English Premier League - Winner 2019/20 (£14,393,064).
Other English Premier League markets with the highest matched amounts are: "English Premier League - Winner 2019/20" (£14,393,064); "English Premier League - Relegation 2019/20" (£1,323,423); "English Premier League - Top 4 Finish 2019/20" (£1,015,067).
Betfair Exchange Grand National
The Grand National is the crown jewel of the racing calendar, and the Betfair Exchange always has great promotions and often the best odds on the action.
Betfair Exchange shows Grand National betting odds on the Exchange in decimals. 16:35 Aintree decimal odds are easy to understand because they represent the playout you’ll get if you win.
For example, 4.4 means you’ll receive 44 for every £10 you bet, including your stake if the bet wins.
The Grand National backers are in the blue boxes and the layers are shown in the pink boxes.
Betfair Exchange Cheltenham Betting
This year, the Betfair Exchange got the bookmaking industry talking with their “will racing go-ahead market” for the Cheltenham Festival 2020.
Millions were traded in this market before the Festival was even underway, with ‘yes’ being the eventual winner.
Betfair Exchange often if not always have the best price for a single on Cheltenham races, so it’s definitely in your interests to keep an eye on the Exchange!
Betfair Exchange website and navigation
When it comes to its exchange interface, Betfair's styling is very much in line with its other betting products. Painted in its customary yellow and black colour scheme, the Betfair Exchange is simple to navigate regardless of your level of experience.
To find what you're looking for, Betfair utilises a dropdown toolbar that lists the most popular betting markets. Once you've found what you're looking for in terms of a sports betting market, the list of available wagers are stuffed into a matrix and sit there blinking at you like a series of flashing LED lights.
Because the exchange is a constantly evolving beast, much like the in-play betting market on Betfair Sports, the interface can look somewhat intimidating on the first inspection. However, within a few minutes of watching the odds change, you'll soon feel more comfortable with the overall look.
Overall, the internal betting matrix aside, the Betfair Exchange is a simple platform use regardless of your mother tongue. Because Betfair is available in a number of European countries, the designers have ensured that the platform is available 17 different languages, including Bulgarian, Chinese, English, French and German.
To complement this system, customers can also fund their Betfair account using a range of payment options such as Visa, MasterCard, PayPal and Skrill, as well as multiple currencies, including: AUD, CAD, DKK, EUR, GBP, HKD, NOK, SEK, SGD and USD.
Overall, because Betfair knows that exchange betting can feel slightly alien to new players, it's made sure its design team has made the overall product as simple to use as possible. Regardless of whether you're a newbie or a seasoned exchanger, the overall look and feel of Betfair is one of quality and simplicity.
Betfair Exchange Mobile App
You can get the Betfair Exchange experience directly to your handheld device, using their tremendous app!
You can bet on and watch live sports with Betfair Exchange TV, as well as backing and laying on the go.
How to download the Betfair Exchange app
To download the Betfair Exchange app, simply:
- Open up your smartphone
- Search on either Apple Store or Android store for Betfair Exchange
- Now you have the Betfair Exchange app on your phone!
Betfair Exchange FAQs
How withdraw money from Betfair Exchange
- Simply log into your Betfair Exchange account and click the ‘withdraw’ button.
- After that, simply enter the amount you wish to take out and submit.
- Then your request will be processed to the original source of your deposit.
- Processing times may vary depending on the type of method you may be using.
How to Use Betfair Exchange Bonus
- Join – Open a new account using promo code VAL225
- Bet – Place a £20 bet in your first bet on the Exchange
- Get – If the bet loses we’ll refund you £20 in Cash
How to close a Betfair Exchange account
It’s a very simple process to close down your Betfair Exchange account. All you have to do is access your account controls.
You can also close your account by contacting Betfair Exchange’s customer service team.
Does Betfair Exchange have touch ID?
Yes, yes it does! If your device has touchID on it, you can use it to log into your Betfair Exchange account.
Can I edit my bets on Betfair Exchange?
In the case of Betfair Exchange, users can back and lay in-running on selections. This is arguably the best in-play betting experience available.
You can track the live odds as the action happens, and lay off your selection if you don’t think it’s going too well.
Betfair Exchange Customer Service
Betfair Exchange have an excellent customer support service, with live chat, telephone and e-mail capabilities.
Their page: https://support.betfair.com/app/contact_us/ is a great resource if you’re experiencing any problems with the service.
Betfair Exchange - Our Rating
Oddschecker officially rates Betfair Exchange as a strong 5/5. If you're a fan of fantastic options and massive diversity, then the Betfair Exchange is the perfect option. Because thousands of users are on hand to offer thousands of different bets every day, it means you can pick and choose the options that are right for you.
Although the system may seem somewhat confusing at first, Betfair has done its best to make things are simple as possible. Not only that, but if you ever need any assistance a dedicated customer service team is one hand throughout the week to guide you in your quest for a profit.
So, if you're looking for a different way to speculate on your favourite sports and make some money, then follow our dedicated download link and join the Betfair Exchange today.