Betfair Sportsbook Overview

Betfair, a bookmaker company, was established in 2000 and obtained licenses from the United Kingdom and Malta authorities. The brand is currently owned by the Irish holding company Flutter Entertainment. Betfair is recognized as the world's largest online sports betting exchange in revenue.

In 2011, Betfair failed to pay out winnings from bets amounting to £23 million ($2.4 billion). Unfortunately, players could not defend their rights as the bookmaker was registered in Gibraltar. To avoid such issues, we advise against placing bets with offshore companies.

The Betfair platform comprises three primary components: a section for placing bets, an exchange for sports betting, and an online casino. The bookmaker offers its services through its official website and mobile applications.

The bookmaker company Betfair imposes a high margin of 8-11% on sports betting. Nevertheless, on the exchange, there are very attractive offers available. However, the system for determining quotes is different. Essentially, the company takes a percentage for providing a platform for clients to place bets amongst themselves.

The company provides the opportunity to place bets on 29 various sports, politics, and culture. However, the selection on the exchange is more limited as the bookmaker only includes the most popular events.

Live

Betfair customers can place live bets on the bookmaker's platform and exchange through the "In-Play" section, which offers a variety of ongoing matches. The bookmaker's platform's event schedule is more comprehensive than the exchange's.

Esports

The Betfair website's esports section comprises only three disciplines:

• League of Legends;
• CS: GO;
• FIFA.

The company imposes a significant commission (ranging from 10% to 11%) for handling esports bets, resulting in lower odds.

Casino

At the casino, the bookmaker provides various forms of gambling:

• slots;
• bingo;
• table games (poker, baccarat, and blackjack).

Betfair has introduced two new sections, "Daily Jackpot" and "Jackpot King," for games that offer a daily prize pool. However, the company does not offer demo versions of their games.

The Betfair bookmaker has been embroiled in numerous scandals. In 2011, it was revealed that the company had hidden the fact that they had stolen personal data from the majority of their customers. Prior to this, the company was caught breaking regulations aimed at preventing corruption in sports. Additionally, the bookmaker has repeatedly refused to pay out winnings to both casino users and sports bettors, citing technical difficulties and suspicious player activity. As a result of these incidents, the Betfair bookmaker has damaged its reputation and can no longer be considered a reliable option.

The Betfair bookmaker company provides support for several popular methods of depositing and withdrawing money. They do not charge any commission for payouts of winnings.

Deposit

Customers can add funds to their account using bank cards or electronic payment service providers. Transactions made through cards, Skrill, and Neteller are commission-free.

Withdrawal

When it comes to withdrawing money, Betfair can transfer funds to bank cards and electronic wallets such as WebMoney, Skrill, and Neteller. The company takes up to five days to process a payment request to a card and up to one day for a wallet.

The bookmaker company offers insurance for the first bet of their clients up to 20 pounds. Additionally, they reward clients with a free bet of 15 dollars for downloading the "Betfair Exchange" mobile application. New users of the casino can receive 50 free spins by registering with a special promo code. Moreover, all players can play the Betfair Prize Pinball once daily and potentially win free spins, cash prizes, and other gifts.

Betfair, the bookmaker, provides a live chat feature on their website and mobile application for customers to contact technical support.

The personal account on the Betfair bookmaker website comprises six sections, namely:

• "My Betfair Account" which provides information about the user's account on the sports betting platform.
• "My Casino Account" which is a tab for accessing the Live Casino.
• "My Poker Account" which displays the user's poker playing history.
• "Contact Information" which contains the client's personal details.
• "Player Protection Tools" which includes functionality for preventing gambling addiction.
• "Promotions and Rewards" which provides information about available bonus offers.

Betfair has launched two mobile applications for sports betting, but the company has not created software for playing casino games on mobile devices.

Android App

You can download the Sportsbook app and the "Betfair Exchange" program for trading platform bets on the company's official website.

iOS App

The bookmaker has made available a betting program on the App Store that is compatible with iPhones and iPads running iOS 11.0 or later, as well as Mac computers running the macOS operating system.

The bookmaker offers live streaming of both sports and esports competitions on their website and mobile applications. However, only registered users have access to the video broadcasts, while graphics are available to all players.

Betfair purchases ordinary and express bets until they are resolved. The unique aspect of the cashout choice is that the player has the right to sell either the entire bet or just a portion of it.

The company solely allows express bets on their bookmaker platform, while exchange users are limited to placing single bets. Additionally, the bookmaker offers an option to insure an express bet against defeat. If a player fails to predict the outcome of one event, the bookmaker will refund the money to their account. However, the insurance significantly decreases the coefficient of the "train" (for instance, from 2.28 to 1.30), resulting in smaller winnings if successful.

The bookmaker company, "Betfair," does not create a mirror site to bypass blocking. Instead, the company offers its services solely on its official portal and advises users to access the website using their actual IP address.