Betfair Exchange Review

Betfair Exchange

New customers only, bet up to £20 on the Exchange and if your first bet loses, we’ll refund you £20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply.

£20 Risk-Free Bet


New customers only, bet up to £20 on the Exchange and if your first bet loses, we’ll refund you £20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply.


Launched all the way back in the year 2000 and widely regarded as the first betting exchange to be fully operational, Betfair has remained the biggest and most popular betting exchange to this day!

What makes Betfair so popular is not only the vast range of sports and events to bet on, but also the massive active customer base which means there is always plenty of activity and with this, plenty of money available to bet against on their exchange. 

Add into this mix the customisable promotions and rewards programme (which can see exchanges users paying as little as 2% commission), plus the wide range of accompanying services including casino, slots, poker, tote, lottery, exchange games and a sportsbook, then it soon becomes clear why Betfair is still the no. 1 exchange betting provider in the UK!

In this review I am going to look much deeper into the offering from Betfair, highlight many of the popular features available and also compare it to upcoming rivals such as Matchbook and Smarkets.

A great place to start off would be with the two excellent sign-up offers, these see new customers gaining access to either a whopping £100 of free bets on the Betfair Sportsbook or a £20 risk free bet on the exchange itself.

Betfair Exchange

£20 Risk-Free Bet


New customers only, bet up to £20 on the Exchange and if your first bet loses, we’ll refund you £20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply.

Welcome Offers

There are currently two very tempting offers for any new customers signing up to Betfair, one which is sportsbook focused and another aimed at the Betfair exchange itself.

Betfair Sportsbook:

New customers signing up to Betfair using this link can earn up to £100 in free bets by simply making use of the sportsbook!

betfair sportsbook welcome offer

Once signed up, for every 5 x £10 bets placed on the sportsbook (with odds of 1.5+), new customers will receive a £20 free bet in return! This sequence can be repeated up to 5 times within the first 30 days of joining Betfair and that means a whopping £100 of free bets is available thanks to this offer!

NB - Whilst working towards these free bets, please take note that multiple bets on the same selection or market will not count towards the total of 5 bets required per free bet (nor will any bets which are cashed-out early). Please check the offer terms and conditions prior to signing up for more information.

Betfair Exchange:

New customers signing up to the Betfair exchange using this link can gain access to an initial £20 risk free exchange bet with any losses paid back in cash! This generous offer means your first bet on the Betfair Exchange is completely risk free!

NB - Only your first exchange bet will be risk free up to a maximum of £20, so please make sure you make full use of this promotion! Also, note that this first qualifying bet must both be placed and settled within the first 7 days of account opening to be eligible for the cashback. For more details please be sure to check the terms and conditions prior to signing up.

Betfair Commissions & Rewards

When using a betting exchange such as Betfair, instead of a traditional bookie, you will need to pay a small commission on any winnings earned. Thanks to an adaptive loyalty rewards programme, commissions at Betfair range from a low of 2% up to a maximum of 8% (which might seem high at first, but does come with some additional perks which we’ll get onto soon).

As was previously mentioned, Betfair runs a loyalty program called Betfair Rewards, this sees players able to earn monthly free bets, free spins, cashback on losses plus various other perks from time to time in return for choosing to pay a higher commission at the exchange.

betfair rewards

The table above shows the current Betfair Rewards offering as of time of writing. Customers choosing either the REWARDS or REWARDS+ plans will pay 5% or 8% commission rates in return for a monthly supply of free exchange bets, free spins, refunds on losses plus other seasonal promotions from time to time.

Customers opting for the BASIC rewards plan will receive none of the aforementioned bonuses and with this a general lack of promotions across the site as a whole. This rewards tier does, however, offer the lowest rate of commission at just 2% (putting the offering inline with competitors Matchbook and Smarkets).

It is important to understand that, regardless of which rewards tier you might choose, losing bets at Betfair incur no commission charges whatsoever! Such commissions might seem like a negative at first, but the enhanced odds available on betting exchanges like Betfair mean you could still (often) end up winning more on an exchange, even after commission has been taken away!

Range of Sports Available at Betfair

One of the biggest benefits of using a betting exchange, alongside the much higher odds which are usually on offer, is the huge range of sports and events to bet on.

Betfair is no exception here and provides coverage of a very wide range of sports markets including Premier League and European soccer, golf, horse racing, tennis, motorsports and political markets such as the next UK prime minister and the next US president. 

Even if your favourite sports are a little further afield, popular sports from around the world including MLB Baseball, NBA Basketball, Australian Rules Football, NHL Hockey and NFL American Football among many others are readily available to bet on with Betfair!

Some of the most popular sports categories and markets include:

Football / Soccer

Football is undoubtedly one of the most popular sports in the UK and a firm favourite when it comes to betting. Everything from the winner of a game through to the correct score, both teams to score, over / under 2.5 goals and the first player to score are readily available to be bet on.

As a leading exchange, Betfair also provides access to a wide range of professional football leagues including the English Premier League and English Championship, popular European leagues such as the Italian Serie A and the Spanish La Liga through to worldwide leagues like the Turkish Super Lig and the Argentinian Primera Division.

Whilst looking at any given football event at Betfair, we often see many available markets to bet on, these include:

  • 1x2 (match odds)

  • Correct Score

  • Half-Time / Full-Time

  • Both Teams to Score (BTTS)

  • Double Chance

  • Goals Under / Over (0.5 / 1.5 / 2.5 / 3.5 / 4.5 etc.)

  • Asian Handicap (-2.5 / -2 / -1.5 etc.)

  • 1st Half Asian Handicap

  • Half-Time Correct Score

  • First-Half Over / Under

  • Second-Half Over / Under

  • Winner & BTTS

  • Winner and Over / Under

  • Home / Away Win to Nil

  • Double Chance

  • Home / Away Clean Sheet

  • Plus many more…..

What makes Betfair stand out for football betting is not only the wide range of leagues and markets which are covered, but also the consistently good liquidity across both the larger markets and those which might be less popular (these being the leagues in which some smaller exchanges often struggle with).

In addition to the great odds and liquidity, Betfair also makes finding football fixtures easy thanks to the well designed home page (which features many in-play and popular upcoming games), plus the left exchange menu which makes finding any game in any league both quick and easy.

betfair exchange football

As I write this review, the Euro 2020 tournament is in full swing and, as can be seen above, Betfair have made access to all upcoming Euro 2020 games quick and easy via this page. Should you want to quickly see other games based upon a set criteria, say, all in-play games, only those happening the following day or games with live video available, then the filters atop the main soccer page will quickly adapt the page to show what has been asked for.

betfair exchange filters

As can be seen above, these are the filters available on the main soccer page that allows exchange users to quickly filter available soccer events, a great feature which you will almost certainly find yourself using should you sign-up to the Betfair exchange!

Other features which compliment the football offering at Betfair include the cash out button which, providing there is sufficient liquidity on the exchange, allows customers to easily cash out their bets either before or during the event in question. 

All-in-all, a great football offering from Betfair!

Horse Racing

After the ever popular football markets, horse racing is another very popular sport in the UK, one in which it is clear that Betfair have developed a first class offering for! In fact, you only have to look at Betfair’s own marketing to see their claims that (at time of writing) they offer the best odds on winning horses up to a whopping 96% of the time!

betfair exchange horse racing

Not only do Betfair offer great odds on horse racing, but also comprehensive coverage of all UK and Irish racing plus many other racing events worldwide, this includes racing from France, the USA, Dubai, New Zealand, Hong Kong and South Africa amongst many other racing nations.

betfair exchange racing

As can be seen above, the Betfair racing homepage makes finding all popular races for any given day (or the following day), in any given country both quick and easy. Moving on to any particular race and we see (like below) the well designed exchange betting pages make backing or laying any horse quick and easy also:

betfair exchange racing odds

When looking at any given race (as can be seen above), we not only see the back and lay pricing available for each individual horse but, by clicking on the arrow to the left of any selection, the form guide for that particular horse as well. Add on to this that we can also see historic video links (when available) which allow us to watch videos of any historic races run by the current selection. 

Whilst all of this form information is available elsewhere, having it so readily available from within the exchange betting page itself and backed up with easy access to historic videos of the horse in question helps adds real value to the Betfair offering, a great job so far!

Moving on, and with video still in mind, this is another area in which Betfair really excels. In fact, when it comes to live streaming of horse racing, Betfair has probably the strongest coverage of any exchange or bookie in the UK! 

betfair exchange live streaming

As can be seen in the screenshots above, not only does a small wager of just £1+ give us access to watch the racing live but also access to the live form guides and prediction tools which make up the pre-race live streaming service. Thanks to partnerships with streaming providers including Racing UK and At The Races, plus good worldwide coverage form many other racing countries including the USA, South Africa and Hong Kong amongst many others, you can be sure Betfair is the best place for anyone who insists on seeing their horse run!

NB - £1+ is required to watch the horse racing live streams via the Betfair sportsbook, this moves up to £2, the minimum exchange bet size, when using the Exchange.

Moving on from live streaming and the extensive horse racing product at Betfair continues to impress. Firstly, for anyone unable to or preferring not to make use of the live streaming service, there is also radio commentary available for many races and for the bigger races in the UK and Ireland, access to the Tote pools betting service as well.

betfair exchange tote

This access to the Tote pools service means that, via a Betfair account, customers can bet on Tote favourites including the Tote Jackpot (pick 6), Placepot and the Quadpot (pick 4) amongst others without having to leave the Betfair website!

Overall, the excellent odds, great liquidity, great market depth and the excellent live streaming service amongst other things make Betfair the perfect choice of exchange for horse racing fans!


Tennis is another popular sport with many of the world's professional and major tournaments covered at Betfair. A good range of markets is also available to bet on including:

  • Match Winner

  • Set Winner

  • Set Betting

  • Games Over / Under

  • Correct Score

  • Winner & Over

  • Odd / Even Games

  • Plus others...

In addition to this wide range of markets, when betting on tennis at Betfair we also get access to other useful features including player stats and live streaming, both of which help to make Betfair the number one exchange for tennis!

betfair exchange tennis

As can be seen above, not only do Betfair have great live video coverage of many tennis tournaments (including big events like Wimbledon), but also provide access to the built in stats tool which shows both head to head stats and performance information on the competing players in any given match.


Golf is another very popular sport and one in which Betfair provides a strong exchange offering. This offering includes good market coverage of all of the golf majors in addition to coverage from all of the main golf tours including the PGA Tour, the Asian Tour and the European Tour amongst others.

A good range of golf markets are covered at Betfair including:

  • Winner

  • 1st / 2nd / 3rd round leader

  • Top 5 / 10 / 20

  • Each way / each way (10 places)

  • 1st Round top 5 / 10 / 20

  • Top American / European / GB player

  • Selected players to make the cut

  • And many more...

On top of the more mainstream markets mentioned above, something Betfair have for a long time also facilitated is providing markets on the individual 2/3 ball groups on any given day of the bigger golf tournaments (as can be seen below).

betfair exchange golf


Betfair have for a long time provided good coverage of mainstream motorsport events including the FIA Formula 1 world championship.

F1 race markets commonly available include:

  • Race winner

  • Race winning car

  • Qualifying winner / top 3

  • Top 3 / 5 / 10 finish

  • Will they be classified

  • Fastest lap

  • Safety car

  • Total classified drivers o/u 17.5

  • Plus some other race-related markets...

It would be fair to say that, of all of the major betting exchanges in operation today, Betfair has possibly the best Formula 1 coverage of them all.

Thanks to good liquidity and market depth on all of the main race markets (e.g. winner, podium finish, points finish etc.), plus a good selection of markets which are hard to find elsewhere (e.g. safety car, will they be classified etc.), it is safe to say Betfair is a leading player in this particular sport!

If you have read our recent review of the Smarkets exchange you will have seen that, despite still being something of an upcoming exchange, Smarkets are developing good Formula 1 betting operations in recent years. Naturally, this should make for a good comparison with Betfair on some of the major Formula 1 markets such as the drivers championship and race winner markets.

As can be seen below, the overall drivers championship market (mid-season) looks like this at Betfair:

betfair exchange f1

With over £500k matched and reasonably good market depth between the two title contenders (Verstappen and Hamilton), this is a good example of how Betfair can still be very usable as an exchange on some of the less popular sports.

Comparing this same market with Smarkets and we see the following:

smarkets f1

With just over £55k matched at Smarkets, versus over £500k at Betfair, it is safe to say Betfair still retains its market leading position here. It is also noticeable that the odds on the top two contenders are slightly better at Betfair than Smarkets as is the market depth on these two options as well!

Moving on to look at an F1 race winner market at Betfair and we see the following (approx 24hrs before the race):

betfair exchange formula 1

As can clearly be seen above, for the Austrian Grand Prix, Betfair already has a solid market developing for the race winner! This market currently provides good odds for the top 2 favourites in addition to good market depth and over £20k of matched bets so far.

Comparing the same Austrian Grand Prix race winner market to Smarkets and we see the following:

smarkets formula 1

With just over £900 matched at the same time of day, it is clear that Smarkets are much less popular than Betfair for Formula 1 race betting. Having said this, the odds are roughly in line with those offered by Betfair as is the market depth available to bet against.

Overall, whilst we have commended Smarkets for providing a good Formula 1 offering before (and this is still very much the case), Betfair still remains the top exchange for Formula 1 betting!


Political betting has become very big in recent years thanks to numerous and unexpected political events including Brexit in the UK and Donald Trump becoming the 45th US President, and it continues to gain in popularity!

Thankfully, Betfair really are ahead of the game when it comes to political betting and offer plenty of political events worldwide for their customers to bet on. In fact, just a quick look at the Betfair markets menu (found on the left of the site) shows that they have a great selection of political events covered from the next US President and UK Prime Minister through to the New York Mayoral elections and even the Brazilian 2022 election amongst many others.

betfair exchange politics markets

Focusing on one of the most popular Betfair markets of all, the next US President (which saw over £200 million bet at the last US election) and we see the following:


betfair exchange politics

Bear in mind that when this above screenshot was taken (July 2021) there are still over 3 years to go until the next US election and already we see that close to quarter of a million pounds has been matched here!

For comparison, looking at Smarkets, another exchange with a growing political offering and we see the following:

smarkets politics

With much less money matched at Smarkets (around £44k versus £241k at Betfair), we see that whilst Smarkets does have a good offering here, again, it is one which falls behind market leader Betfair!

Overall, with a great selection of political markets, great liquidity in said markets and plenty of market depth to bet against, Betfair clearly is the leading exchange when it comes to political betting!

Liquidity at Betfair

When deciding to choose a betting exchange over a traditional bookie, the issue of liquidity and market depth is one which needs to be considered carefully! Liquidity is basically the amount of money in bets which have already been matched between those placing back bets and those placing lay bets on any given market, a very useful figure which will help betting exchange users determine how easily a bet can be placed and subsequently matched.

Also important when using a betting exchange is the depth of the money available for any given selection at the current best odds as well as the spread in those odds which are on offer (this spread in odds is basically how far apart those backing are with those laying on any given selection). Naturally, these values will differ between different events from those with a lot of liquidity and market depth, such as UK and European football, through to events with potentially very little liquidity and market depth such as smaller tennis tournaments and lower league football.

Starting off with a look at a big football fixture at Betfair, Ukraine vs England in this case (see below), we can begin to compare how good the liquidity actually is versus the competing exchanges.

betfair exchange liquidity


As can be seen above, for Ukraine vs England in the Euro 2020 tournament (about 6 hours before kick-off) we see over £1.3 million matched at Betfair and over £45k available for backing the favourites, England, at odds of 1.47 (plus a very healthy £3239 on outsiders Ukraine and over £15k on the draw).

All together this is clearly a very big market and Betfair exchange users should have no problems getting pretty much any regular sized bet matched in such a market.

NB - Whilst betting exchanges such as Betfair won't enforce a “max bet” limit like many bookies do, we are still somewhat limited by these amounts of money mentioned above. For example, to get more than £3239 on Ukraine above would mean taking some of the money at slightly lower odds (9 instead of 9.2 in this case)!

Moving on and comparing this same Ukraine vs England fixture to Smarkets and we see the following:

smarkets liquidity

With £1.24 million matched at Smarkets (above) it is clear that Betfair still very much have the lead when it comes to mainstream football fixtures (although, with £1.24 million versus £1.30 million at Betfair, it is also clear that Smarkets are catching up in many football markets).

Next, a look at this same fixture at Matchbook will show us the following:

matchbook liquidity

With just over £345k matched and reasonable market depth on the favourite, England, it is clear that Matchbook also has a good football offering in the making. Having said this, the liquidity is still somewhat down on Betfair as is the market depth on the outsider selections (Ukraine and the draw).

Finally, with a look at another long-established exchange, Betdaq, we see the following for the Ukraine vs England fixture:

betdaq liquidity

With just over £224k matched, Betdaq is clearly a long way behind all of the other exchanges when it comes to money matched. Having said this, market depth is reasonable here as are the odds on the favourite, England. All in all, a reasonably usable market in its own right but clearly a long way behind the offering form Betfair!

NB - it is also worth noting that, as in the Betdaq example above, the available odds can sometimes vary between different exchanges (although they usually tend to match each other for the same selections). For example, a bet on Ukraine could be made at odds of 9.6 at Smarkets based on the examples above, whereas this would only be paid out at 9.2 at Betfair in this case!

Moving on to less mainstream fixtures and we should start to see more clearly the relative strength of Betfair versus the challenger exchanges. Below is a screenshot of the COPA America fixture between Argentina and Ecuador:

betfair exchange comparison

As per the screenshot above, partially owing to the fact this game is at 2am UK time, we see much less liquidity than with the Ukraine vs England game at just over £147k about 7 hours before the game. Despite having less liquidity than a big Euro 2020 game, this COPA America fixture still features a tight odds spread, and over £1400 available on the favourite, Argentina, at the best odds available.

When comparing this smaller fixture to Smarkets, we see the following:

smarkets v betfair

With a very similar amount of money matched and identical odds, the only thing which really puts Betfair ahead in this less mainstream market is the slightly higher market depth they have over Smarkets (for example, Smarkets only have £69 available to back Argentina at time of writing versus over £1400 at Betfair).

Next, a look at the first of the smaller exchanges, Matchbook, shows us the following:

betfair v matchbook

With just over £25k matched on this fixture at Matchbook and much less market depth, it is clear the advantage Betfair has over Matchbook in smaller fixtures such as this one. In fact, getting anything over a few hundred pounds on this particular fixture at Matchbook would be very challenging in this instance!

Finally, before moving on to some of the many other great features available at Betfair, we can see the Argentina vs Ecuador game compared with the Betdaq exchange:

betfair v betdaq

This time we see that Betdaq is ahead of Matchbook, but with just over £52k matched still a long way behind Betfair. Not only has less money been matched at Betdaq in this market, but less market depth is available and there are lower odds with a bigger spread between the back and lay prices versus Betfair also.

All in all, with these above comparisons in mind, it is clear that Betfair is still the best place for football betting when it comes to finding an exchange with good odds, good liquidity and enough market depth to ensure a bet is easy to get on!

Multiples and ACCAs at Betfair

One of the main areas in which it could be argued that all betting exchanges fall behind the traditional bookies is when placing multiples, system or accumulator bets! Thankfully, due to the integration of a sportsbook section, Betfair customers have full access to multiples betting just like they would at any other good bookie!

To build a multiple at Betfair first involves heading on over to the “Sportsbook” tab on the main menu and then adding 2 or more selections to the main betslip, like so:

betfair exchange multiples


With 2 or more selections added to the betslip, the multiples section will appear (just below the betslip as can be seen above). Once in view this new section will give us all multiples options available to us based upon the number of selections currently in the betslip. For reference, Betfair Sportsbook currently supports the following multiples types:

  • Double / Treble / 4+ leg accumulators

  • Patent

  • Trixie

  • Yankee

  • Lucky 15

  • Lucky 31

  • Canadian (x26)

  • Super Yankee

  • Heinz

  • Lucky 63

  • Super Heinz

  • Goliath

NB - At time of writing, Betfair Sportsbook multiples can only be made up of back bets, if laying of multiples is important then check out our review of Smarkets (who do support laying exchange multiples) by clicking here!

Unfortunately, as with all of the other main betting exchanges, including Smarkets, Matchbook and Betdaq, Betfair Sportsbook multiples do have a major limitation in that only one selection per event can be added (as per the screenshot below, we will receive a warning if we try and add multiple selections to the betslip from the same event):

betfair multiples

This does, of course, put Betfair multiples on the back foot versus the modern “bet builder” systems found at many bookies, systems whereby multiple selections from the same or different events can be built up into virtually any multiple you can think of. If, however, your multiple requirements are more simplistic, then the Betfair multiples offering should still suffice nicely.

At this point, with a valid multiples bet in the betslip and ready to go, we can place the bet in the same way that we would any other multiples bet, simply select the type of multiple required (a double bet, for example, form the choices seen earlier on) and then click submit to place the bet:

betfair exchange acca

With the multiples bet placed, we now see that, unlike rivals Matchbook and Smarkets, Betfair do allow us to cash out of our multiples bets both before and during the games within it:

betfair excahnge cash out

So far it is clear that, thanks to the ease at which multiples can be placed at the Betfair Sportsbook and the very flexible cash-out functionality, we have a very good multiples product available from Betfair. Before comparing this multiples offering with some other exchanges, there are a few additional (and important) points to note about placing multiples at Betfair:

1) As was mentioned a little earlier on, we can only have 1x selection per sporting event in our multiples bet, this means if we were to add England to win versus Denmark then we could not also add both teams to score (BTTS) to the multiple as well.

2) There is a maximum limit of 25 selections in a multiples bet at Betfair Sportsbook.

3) A maximum limit of 3 or 4 selections applies to Patent, Trixie, Lucky 15 and Doubles bets.

4) In the case of non-runners, multiples bets will automatically be reduced with the remaining legs still standing (e.g. a treble will then become a double and so on).

Betfair Exchange (Ready Made) Multiples

The ability to build up multiples via the Betfair Sportsbook product is undoubtedly useful, however, Betfair also provide ready made accumulators on the exchange itself:

betfair exchange ready made multiples

These ready made multiples are, of course, much less flexible than the custom multiples available via the sportsbook. Whilst they do lack flexibility versus the sportsbook, they also allow exchange users to both back and lay the popular choices within these multiples (usually these multiples are available on big sporting events, busy soccer Saturdays etc.).

Comparing Betfair Multiples with Other Exchanges

At this point in this Betfair review, we have seen that we have access to a comprehensive multiples betting product via the built-in Betfair Sportsbook and numerous “ready made” accumulators made up of popular choices and available via the exchange.

Next, by looking at a specific example of an accumulator on Betfair, we can begin to compare Betfair with other exchanges and see how Betfair looks in terms of the value on offer.

betfair multiples v other exchanges

As can be seen above, an accumulator made up of Sao Paulo, Italy and England is offered with odds of 10.0 at Betfair. Moving on to probably the closest exchange when it comes to competing for football, Smarkets, and we see the following odds for the same accumulator:

smarkets accumulator

At odds of 10.5, the offering from Smarkets is slightly better value than the offering from Betfair! Also, as per our recent review of Smarkets, whilst placing multiples bets at Smarkets we also have the option to back or lay the bet, something not offered by Betfair as of time of writing.

Next, looking at Betdaq, and we see the following odds for our accumulator made up of Sao Paulo, Italy and England:

betdaq accumulator

At odds of just 9.3 for this same accumulator, the offering from Betdaq is quite a bit lower in value than that offered by Betfair! 

Finally, moving on to Matchbook and we see the following:

matchbook accumulator

With odds of 10.55, Matchbook has the best offering for this particular multiples bet, a value that is in line with Smarkets and also, just like Smarkets, a little bit better in terms of value than Betfair!

Comparing Betfair Multiples to Bookies

Whilst having the option to make multiples and system bets at an exchange is undoubtedly very useful, we should also look at how this offering from Betfair compares to that of a more traditional bookie.

Just as a quick reminder, here is our Sao Paulo / Italy / England accumulator with odds of 10.0 at Betfair:

betfair multiples v other exchanges

Looking at this same accumulator with one of the UK’s leading traditional bookmakers, William Hill, we see that the odds are exactly the same as those offered by Betfair at 10.0:

william hill acca

Of course, one of the biggest advantages of a leading bookie like William Hill is that the accumulators are often more flexible than the offerings which might be found at exchanges. For example, with William Hill we can place a multiples bet which contains several teams to win alongside a BTTS (both teams to score) option for each fixture (all of the main betting exchanges, including Betfair, currently limit players to just one selection per event).

Next, comparing things to one of the leading online bookmakers, Bet365, we now see the following odds for this same accumulator:

bet365 acca

With Bet365 offering odds of 10 on this same accumulator, they are firmly in line with the offering form Betfair! Also, unlike William Hill, Bet365 also seem to match Betfair in not allowing multiple selections in an accumulator from the same event (e.g. a team to win and BTTS).

In conclusion, with all of these multiples betting options considered across the main 4 betting exchanges plus a leading online and high street bookie, it is clear that Betfair does have a good multiples offering overall.

It would be fair to say that Smarkets, thanks to allowing their customers to both back and lay exchange based accumulators are slightly further ahead of Betfair in terms of total functionality offered. It is also worth noting that, whilst they don't offer the ability to lay an accumulator nor will they let you cash-out of it like Betfair does, Matchbook does also seem to offer good multiples odds on the whole. 

Live Streaming and Match Stats

Betfair is, without doubt, the leading Betting exchange when it comes to providing live streaming and live stats coverage of many popular sporting events, both in the UK and worldwide!

In fact, unlike many other bookies and exchanges which offer limited live streaming options only after a bet has been placed, Betfair offers the majority of their live streaming services for free! This means, even without placing a bet, a funded account is all that is needed to watch the majority of popular sports which are included in this service live (horse and greyhound racing still require a minimum bet of £1+ to watch).

Earlier on in this review I covered the excellent horse racing offering at Betfair, an offering which sees live racing coverage from leading racing channels At The Races and Racing UK alongside various other providers worldwide!

Moving on to another popular sport, football, and we also see some great live streaming coverage and live stats available. 

betfair live streams

As can be seen above, for the Euro 2020 Italy vs Spain fixture, we see some of the many live stats screens available throughout this game. The left graphic (called the Match View) shows us what is happening on the field in real-time and the two boxes on the right form part of the (Opta powered) live stats service which shows real-time stats for the game (things such as shots on goal, team lineups, text commentary and more are included here).

Whilst live video streaming is not provided for the Euro 2020 games, as of time of writing, live video streaming is available on a variety of national leagues for Betfair users in the UK, this includes:

  • International Friendlies

  • Italy (Serie A, Coppa Italia)

  • Belgium (Pro League)

  • Portugal (Primeira Liga)

  • Denmark (Superliga)

  • Argentine (Primera Division, 

  • Champions League and Europa League qualifiers

  • Copa America

  • Copa Sudamerica

  • Australia (A-League)

  • Asian Champions League

  • Copa Libertadores

  • Japan (J-League)

  • France (Ligue 2)

  • Brazil (Paulista)

  • Turkish Cup

  • Russia (1st Division)

  • Plus many others...

Other popular sports which are included in the Betfair live streaming offering as of time of writing include: 

  • Tennis

  • Greyhound racing

  • Snooker

  • Cricket

  • Basketball

The Betfair Website & Smartphone Apps

A well-designed website and app are essential for any bookie or exchange operator and a key part of delivering a great betting experience to their customers!

betfair exchange website

Thankfully, as can be seen in the screenshot above, Betfair has a very well designed website which makes browsing the huge range of sports and markets on offer very quick and easy.

This ease of navigation is aided by a two tier navigation menu which makes the main parts of the site (e.g. the Exchange, Sportsbook, Poker etc.) very easy to locate as it does the sections underneath (e.g. Football, Tennis, Golf etc.). Also, helping find the correct sports are the main exchange menu on the left of every page, the “Quick Links” menu on the right and the very useful search box atop every page in the main site header (as can be seen below):

betfair exchange navigation

Moving on and Betfair also have several smartphone apps available for both iOS and Android devices, these include individual apps for each of the following Betfair services:

  • Betfair Exchange

  • Betfair Sportsbook

  • Betfair Casino

  • Betfair Poker

  • Betfair Exchange Games

  • Betfair Bingo

  • Betfair Live Casino

By having such a comprehensive app offering, it is clear that Betfair are committed to providing a great experience both on the web as well as on mobile devices as well. This means, regardless of where you are, the Betfair experience and the ability to get your bets on remains never too far away!

betfair echange app

All in all, a great job from Betfair regarding usability and design, the mobile app offering being especially helpful in providing ease of managing bets whilst on the go. A great job from Betfair here!

Betfair Casino and Games

In addition to the exchange and sportsbook betting services, Betfair also provides a great range of supplementary casino games to their customers!

betfair casino

Favourite franchises including Jackpot King, Megaways, Age of the Gods, Monopoly and Deal or No Deal are available alongside dozens of slots, table games, video poker, jackpot games and many other live casino games including:

  • Live Roulette (European and American)

  • Live Double Ball Roulette

  • Mega Fire Blaze Roulette

  • Quantum Roulette

  • Live Blackjack

  • Live Poker (Dealer Poker)

  • Live Baccarat

  • Money Drop Live

  • Spin-a-Win

  • Monopoly Live

  • Lightning Roulette

  • Plus many more games...

Whilst exchange and sportsbook betting is clearly the main focus at Betfair, it is great to see that an extensive casino offering with many popular and live casino games is also within reach for all customers!

Betfair Poker, Bingo and Exchange Games

Testament to the excellent gaming options available at Betfair, we also have three other categories of games available alongside the excellent casino offering mentioned above.

Betfair Exchange Games

Exchange games are made up of traditional casino games such as Blackjack, Texas Hold’em and Baccarat amongst others, the main difference being that with exchange games you are playing against other exchange users based upon certain outcomes of the game instead of playing against the house (the games themselves are being played by a computer).

For example, in the above blackjack game we see a computerised game with 4 computerised players and a dealer. The exchange interface below the cards (similar to that used when betting on sports) allows users to either back or lay one of the pre-selected outcomes, for example, any given player to win, all cards to be unique or the dealer to win or tie all players amongst other outcomes.

betfair exchange games

Betfair Bingo

Another notable strength of the Betfair platform is a strong bingo offering made up of many great franchised bingo games including:

  • Deal or No Deal Bingo

  • Age of the Gods Bingo

  • Rainbow Riches Bingo

  • Slingo Bingo

  • Plus many more bingo favourites

All of the main bingo game types including 75 and 90 ball are available as are regular promotional and jackpot games throughout the day!

Betfair Poker

Another popular addition to the Betfair Exchange is the Betfair Poker service!

betfair poker

With hundreds of tournaments, sit & go games, cash games and free-rolls available every day across all of the popular game types (including Texas Holdem and Omaha), Betfair Poker is a great addition to the Betfair website!

Managing Your Betting at Betfair

In-line with other big betting exchanges including Smarkets, Matchbook and Betdaq, Betfair has a very good system for keeping track of current bets as well as reporting on betting history, commission and any potential profits and losses made on the account:

betfair exchange account settings

This main exchange reporting section allows easy retrieval and filtering of any bets depending upon their current status (matched, unmatched, open, settled) and makes seeing profits and losses on the exchange easy.

Betfair also makes available multiple report screens for other products (Sportsbook only, Exchange Games, Tote etc.) in addition to an overall (account level) profit and loss statement and transaction log for the entire Betfair account.

Most bookies do offer some basic reports for checking betting history, it would however be fair to say that Betfair have gone much further than most and, as such, this makes managing betting at Betfair easy! 

Overall, a great reporting system and one of the main advantages of using an exchange for anyone who takes the managing of their betting activity seriously.

Betfair Deposit and Withdrawal Options


You can deposit into Betfair in multiple different supported currencies, these currently include:

  • GBP (British Pound)

  • EUR (Euro)

  • Danish Krone (DKK)

  • Swedish Krona (SEK)

  • Australian Dollar (AUD)

  • US Dollar (USD)

  • Norwegian Krone (NOK)

  • Hong Kong Dollar (HKD)

Betfair currently supports the following payment methods for making deposits:

  • Debit card (min. £5 deposit)

  • Neteller (min. £10 deposit)

  • Skrill (min. £10 deposit)

  • Paysafe (min £5 deposit)

  • Bank Transfer (min. £10 deposit)

  • PayPal (min. £10 deposit)

  • Much Better (min. £10 deposit)

  • Via Paddy Power shops (cash deposits)

All depositing methods are free to use at Betfair and carry varying minimum deposit amounts as is mentioned above, in brackets, next to each service.


You can withdraw money from Betfair via several different methods:

  • Debit card

  • Neteller

  • Skrill

  • PaySafe

  • Bank transfer*

  • PayPal

  • Much Better

  • Prizeout**

* Standard bank transfers are free, an express bank transfer option is available for a £6 fee.

** The Prizeout option sees any withdrawal paid as a gift card via the Prizeout service (gift card options include Amazon, Domino’s and Uber Eats amongst many others). There is a £5 minimum withdrawal for this service.

All other withdrawal methods have a £1 minimum with bank transfers having no minimum.

Betfair also makes clear that all customer funds are protected to a high level and in line with guidance from the UK Gambling Commission.

Betfair Exchange Deposit Limits

Betfair Exchange has several responsible gambling tools to allow customers to stay in control of their betting. One of these includes deposit limits from which customers can limit the amount that they can deposit each day, week or month. We always recommend setting a deposit limit on all your betting accounts to avoid potentially betting above your means.

As of September 2021, Betfair Exchange customers who are under 25 years old will have a deposit limit of £500 per month set automatically on their accounts that cannot be increased.

Help and Support

Betfair has a good help portal on their website featuring numerous articles on using the betting exchange and managing an account. If you need further support from the help team then initial contact can be made via online messaging (live chat).

Betfair Exchange

£20 Risk-Free Bet


New customers only, bet up to £20 on the Exchange and if your first bet loses, we’ll refund you £20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply.

Betfair Exchange PROS

  • World's Largest Betting Exchange
  • Established Company
  • High Liquidity in Markets
  • Various Commission Options
  • Excellent Range of Sports & Markets
  • Attractive Sign Up Offer

Betfair Exchange CONS

  • Higher Than Average Commission on Standard Plan
Betfair Exchange Facts

About Betfair Exchange

online since2000


Debit Card Min £10
Skrill Min £10
Neteller Min £10
PayPal Min £10
Paysafecard Min £5
Much Better Min £10
Bank Transfer Min £10
Via Paddy Power Shops


Debit Card 1-3 Days
Skrill 1 Day
Neteller 1 Day
PayPal 1 Day
Paysafecard 1-3 Days
Much Better 1-3 Days
Bank Transfer 2-10 Days




Live Chat Available

New Bookie Sites

Never Miss a New Site Again

Signup to the WhichBookie newsletter and be the first to know about new sites, offers and more

Please enter a valid email

There was an error! Please try again later


Great news, you are now signed up to our newsletter!

Best Bookie Offers


50% Up To £50


New Customers only; Min. deposit £15 (no Skrill/Neteller); Bonus amount is 50% of deposit up to £50; Offer can be claimed once per household; Wager the qualifying deposit and bonus amount 8x within 30 days to convert bonus winnings into real money; Wagers must be on min. odds of 4/5 on singles or acca bets with min. odds of 2/5 per selection to qualify; Max. stake contribution to wagering requirement is the value of your bonus; Certain bet types are excluded; See full terms; 18+


Bet £10 Get £30


New players only. Minimum stake £10. Minimum odds 1.5. Stake not returned. 10x wagering the winnings from the free bet. Wagering occurs from real balance first. Wagering requirement is calculated on bonus bets only. Wagering starts from real funds. Free bet is valid for 7 days from issue. Max conversion £20. Excluded Skrill deposits. Full Terms apply.


Bet £10 get £40


Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Wagering req. vary by game • Withdrawal restrictions and Full T&C’s apply


Up to £100 in Bet Credits


Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply. #ad

Betfair Sportsbook

Up to £100 in Free Bets


New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs / wagering reqs apply.


Bet £10 Get £30


New UK & NI customers only. promo code ‘SPORTS60’. Deposit & place first sports bet of £10+ in one bet transaction, at odds of Evens (2.0) +. settled within 60 days. First bet must be on Sports. £30 in Free Bets credited within 48 hours of bet settlement, 7-day expiry. Payment restrictions apply. SMS validation may be required. Max 60 Free Spins on Justice League Comics. 7-day expiry.Full T&Cs apply.


Bet £15 Get £10


18+. New customers only. Max one £10 free bet. Qualifying bets must be placed at odds of 1/1 or greater, paid as bonus token with min 4/5 odds req. Skrill, Neteller & PayPal not eligible. T&Cs apply.


Bet £5 Get £30


18+ new customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs apply. | Please gamble responsibly

English Norwegian Turkish