Offering a huge range of sports and markets to bet on, a highly active user base (providing plenty of exchange liquidity) plus plenty of other popular services including a sportsbook, live casino, bingo and poker room, Betfair will stand out for many as a leading online betting provider!
Add into this mix that odds at Betfair tend to be much higher than at the bookies, plus a very generous promotions and rewards programme (which can see exchanges users on a highly competitive 2% exchange commission alongside other regular promotions) and it becomes even more certain that you really can't go far wrong with an account at Betfair!
If you are thinking about joining Betfair, a great place to start would be with one of the two excellent sign-up offers, these see new accounts gaining access to a very generous €100 of free bets in the Sportsbook or, alternately, a €20 risk free bet on the Betfair exchange itself!
€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 & Promotions
Betfair currently offers two very tempting offers for any new customers signing up , in addition to these new account offers there is a great ongoing promotional service called Betfair rewards which sees customers regularly able to access free bets, free spins, cashback and more alongside the chance to set a market leading commission rate of just 2%!
Betfair Sportsbook Welcome Offer
New customers signing up with this link can earn up to €100 in free bets by simply placing bets at the sportsbook!
Once signed up, for every 5 x €10 bets placed on the sportsbook (with odds of 1.5+), new customers will, in-turn, receive a €20 free bet! This sequence can be repeated up to 5 times within the first 30 days of joining, this means that a whopping €100 of free bets are 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 Welcome Offer
New customers signing up to the Betfair exchange using this link can make use of an initial €20 risk free exchange bet which will see any losses paid back in cash! This generous offer means your first bet on the 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.
As was previously mentioned, Betfair runs a loyalty program called Betfair Rewards, this sees customers able to earn free bets, free spins, cashback on any losses plus various other perks from time to time in return for choosing to pay a higher commission at the exchange.
The rewards table shown above details the current Betfair Rewards programme 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 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).
Range of Sports Available at Betfair
The Betfair Exchange is notable for the huge range of sports and betting markets on offer alongside the ability to both back and lay selections in any given market. In addition to this, many sports see, on average, market leading odds on offer as well as the ability to easily cash-out of most events and take any profits early on (even while said events are still in-play).
Detailed coverage of many popular sports including UK and Irish horse racing, European football, PGA and European Tour golf, NBA basketball, NFL American football plus special events including the next UK Prime Minister and the next US President are all readily available.
Some of the most popular sports available include:
Horse racing is as popular as ever in recent years and a sport in which Betfair really excels thanks to the slew of racing features on offer! The comprehensive coverage of big events includes the Galway Races, the Irish Grand National, the Punchestown Festival and the Irish Derby Festival among many others including many famous meetings worldwide.
Market leading odds, as provided by the exchange platform itself, are another great reason to consider Betfair for all of your horse racing bets, in-fact, according to Betfair's own marketing, at time of writing, they offer the best odds on racing winners a massive 96% of the time!
If top odds aren’t quite enough then it is good to know Betfair goes much further in offering a first class horse racing experience. This offering includes coverage of a massive selection of racing meetings both in the UK, Ireland and at many popular race meetings worldwide alongside the easy to use betting pages which include form cards, cash-out functionality and historic race video of selected horses built right into the page itself.
Staying with video and, in addition to the historic video provided on each horse's previous runs (which is, incidentally, free to watch), we also see Betfair offering what must easily be one of the best live streaming services of any exchange or sportsbook provider across a huge number of popular races in the UK, Ireland and worldwide.
As can be seen above, by placing a small bet of just €2+ we get to watch not only the live race being run from top racing channels including Racing UK and At The Races, but also gain access to the pre-race commentary service which includes computerised simulations and form guides alongside plenty of other useful racing related information.
NB - Unlike most live streaming on Betfair which is free to watch, horse racing does require a small bet to be placed beforehand, this is currently €2+ on the exchange or €1+ when using the Sportsbook!
Alongside horse racing, there is also coverage of many mainstream football leagues including the Irish Premier Division, the English Premier League and English Championship, popular European leagues such as the Spanish La Liga and Portuguese Primeira Liga through to worldwide leagues like the Brazilian Serie A and the Argentinian Primera Division amongst many others.
Whilst looking at football events, we often see many markets made available to bet on, these include:
The well designed football home page is another very useful aspect of the exchange and makes finding upcoming games easy. This page gives players the ability to quickly filter games by country or league on the left of the page, find popular games using the “quick links” menu on the right as well as make use of filters atop the page to show any games which are in-play or starting soon.
Other useful aspects to the football offering include the cash-out button which, providing there is sufficient liquidity available, allows customers to easily cash out their bets either before or during the event in question.
All-in-all, a great football offering!
- 1x2 (match odds)
- Winner & BTTS
- Half-Time / Full-Time
- Correct Score
- Half-Time Correct Score
- 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
- Winner and Over / Under
- Home / Away Win to Nil
- Home / Away Clean Sheet
- Plus many more…..
Golf is another very popular sport with Betfair providing strong coverage of all the golf majors, big golfing tournaments including the Irish Open and Irish PGA Championship plus crowd favourites including the World Matchplay Championships and Ryder Cup amongst many others.
Supporting this extensive range of golf tournaments are a good range of golf betting markets including:
On top of the more mainstream markets mentioned above, something Betfair have for a long time also facilitated is the offering of markets on the individual 2/3 ball groups on any given day of the bigger golf tournaments (as can be seen below).
- 1st / 2nd / 3rd round leader
- Top 5 / 10 / 20
- 1st Round top 5 / 10 / 20
- Each way / each way (10 places)
- Top American / European / GB player
- Selected players to make the cut
- Plus many more...
Betfair have for a long time provided market leading coverage of mainstream motorsport events including the FIA Formula 1 world championship.
F1 race markets commonly available include:
Thanks to the good liquidity and market depth available on all of the main Formula 1 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!
- Race winner
- Winning car (team)
- Qualifying winner / top 3
- Top 3 / 5 / 10 finish
- Fastest lap
- Plus some other race related markets...
Political betting has become very big in recent times thanks to plenty of big markets emerging and plenty of unexpected outcomes, this includes Brexit happening in the UK and Donald Trump becoming the 45th US President, an event facilitating over €230 million of bets on the exchange all by itself!
Thankfully, Betfair have a very well developed political betting operation offering many mainstream political markets from around the world alongside some which are a little less mainstream on a country by country basis, these include:
- Next US President (2024)
- Next UK Prime Minister
- Next EU Country to Hold In/Out Referendum
- Next New York Mayor
- Netherlands 2021 General Election
- Brazil General Election 2022
- Plus many more political events worldwide!
Liquidity at Betfair
When choosing a betting exchange over a traditional bookie, the issue of liquidity and market depth is one which must be considered carefully.
Basically, liquidity refers to the money already matched on any given sporting market and the market depth to the amount of money available to bet against on a given selection. For example, looking at the below market for the 17:45 at Cork, we can see that the total liquidity at the time of the screen shot was totalling €14,770:
Looking into this (above) market a little further and we can see that €27 was available to back the favourite, Dragons Call, at odds of 5.3 with a further €27 at the next odds down (in this case 5.2 instead of 5.3).
NB - Whilst Betfair won't enforce a “max bet” limit here like many bookies might, we are still somewhat limited by these amounts of money mentioned above. For example, to get more than €27 on Dragons Call above would mean taking some of the money at slightly lower odds (5.2 instead of 5.3 in this case)!
Multiples and ACCAs at Betfair
If you usually bet with a traditional bookmaker rather than an exchange you might be used to seeing strong multiples offerings, this can often include the use of “bet builders” which allow virtually any ACCA to be built up across one or more games as well as pre-built multiples offering very tempting prices on popular combinations before big events!
The Betfair Exchange itself does not allow multiples to be built in the same way as you might do when using a bookie, instead, to build up accumulators, you must make use of the built-in sportsbook product!
As can be seen above, here we have built a multiples bet on France, Brazil and New Zealand in the Men's Olympic Soccer tournament, a bet which yields a total odds of 4.74 at the Betfair Sportsbook!
NB - When using the Sportsbook we cannot combine multiples with selections form within the included games themselves, for example, trying to add Brazil to win and both teams to score from this same game is not allowed in this case:
When building ACCAs at the Sportsbook we can also make use of the built-in cash-out tool which allows players to cash-out their bets at virtually any point before the game and usually well into any game once it has gone in-play.
We can also build anything from a basic double or triple accumulator through to more complex bets including Patent, Yankee and Lucky 15 amongst many other multiples bet types available, the full list is as follows:
Moving on and now comparing the value on offer at the Betfair Sportsbook with another betting exchange, Matchbook, and we see the following result for the same France, Brazil, New Zealand ACCA as was seen a little earlier on:
As can be seen above, we get slightly better value from Matchbook in this case, although it is roughly in line with the offering from Betfair. Next, a comparison on this same ACCA at a leading online bookmaker, Betway:
As above, with odds of just 4.5 (versus 4.74 at Betfair and 4.86 at Matchbook) the bookie in this comparison falls a little bit short of the exchanges for total ACCA value (although as a bookie they might have more generous offers and promotions around their ACCAs, so be sure to keep an eye out for this).
Before moving on to cover the pre-built multiples which are another feature of the exchange, there are a few important points to note about using multiples via the sportsbook:
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 Brazil to win versus the Ivory Coast 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).
- Double / Treble / 4+ leg accumulators
- Lucky 15
- Lucky 31
- Canadian (x26)
- Super Yankee
- Lucky 63
- Super Heinz
Betfair Exchange (Ready-Made) Multiples
Whilst the ability to build up multiples via the Sportsbook is undoubtedly very useful, Betfair do occasionally provide ready made accumulators ahead of big sporting days on the exchange itself:
These ready made multiples are usually much less flexible than the custom multiples available via the sportsbook, they do, however, allow exchange users to both back and lay multiples and can often be of better value than is found on the sportsbook for certain selections.
Live Streaming and Match Stats
Earlier on in this review we saw the excellent live coverage of horse racing provided by Betfair across both the exchange and sportsbook products.
Whilst this horse racing coverage is undoubtedly top quality, it does still require a bet of at least €1 be placed to watch. Fortunately, however, Betfair take this live streaming even further with free to watch coverage of many other popular worldwide sports including:
- Greyhound Racing
- Worldwide Horse Racing
- European & Worldwide Football
The Betfair Website & Smartphone Apps
As a leading betting exchange, sportsbook and online casino platform, it is great to see that Betfair has an excellent website that looks good and is very easy to navigate.
A two tier navigation menu helps make all of the main parts of the website site (e.g. the Exchange, Sportsbook, Poker etc.) easy to locate as it does the sub-sections underneath each one (for example, Football, Horse Racing, Golf etc.). Also, helping find the correct sports are the main exchange menu on the left of every page, the “Quick Links” menu to the right and the useful search box atop every page in the main site header (as can be seen below):
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 services:
Such a comprehensive app offering shows Betfair are committed to providing a great experience across both the website and mobile devices as well. This means, regardless of where you are, the Betfair experience remains never too far away!
- Betting Exchange
- Exchange Games
- Live Casino
Betfair Casino and Games
With the main exchange and sportsbook aside, Betfair also features a great range of casino games, live casino, bingo, exchange games and poker to their customers!
Many favourite franchises including Jackpot King, Age of the Gods, Megaways, Monopoly and Deal or No Deal are available alongside dozens of slot machines, video poker, table games, jackpot games and many other live casino games including:
Complementing this excellent range of casino and live casino games are a fully featured bingo service and many poker tournaments covering both Hold’em and Omaha varieties and featuring regular free-rolls, cash games and sit & go formats.
Whilst sports based exchange betting is clearly the main focus at Betfair, it is great to see that an extensive casino offering backed up by a strong bingo and poker offering is also available to all customers!
- Live Roulette (European and American)
- Live Double Ball Roulette
- Quantum Roulette
- Monopoly Live
- Mega Fire Blaze Roulette
- Live Blackjack
- Live Poker (Dealer Poker)
- Live Baccarat
- Lightning Roulette
- Plus many more games...
Managing Your Betting at Betfair
Most bookies offer reports for both open and settled bets and this is usually as far as many go. Betfair, on the other hand, offers a very detailed reporting system which shows all bets placed either at the sportsbook or the exchange alongside special reports for profit and losses and even the ability to see profit and loss for each individual sport in which you have bet on.
This main exchange reporting screen (shown above) 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.
Overall, a great reporting system and one of the main benefits of using an exchange for anyone who takes the managing their betting activity seriously.
Betfair Deposit and Withdrawal Options
You can deposit funds into Betfair via multiple supported currencies, these include:
Betfair currently supports the following payment methods for making deposits:
- EUR (Euro)
- GBP (British Pound)
- Danish Krone (DKK)
- Swedish Krona (SEK)
- Australian Dollar (AUD)
- US Dollar (USD)
- Norwegian Krone (NOK)
- Hong Kong Dollar (HKD)
All deposit methods are free to use and carry varying minimum deposit amounts as is mentioned above, in brackets, next to each service.
- 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)
You can withdraw money from Betfair via several different methods:
* 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.
- Debit card
- Bank transfer*
- Much Better
Help and Support
Betfair have a good help and support portal on their website featuring articles both on using the betting and gaming services alongside managing an account. If you need further support from the help team then initial contact can be made via online messaging (live chat).
€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
Established & trusted brand
Large Welcome Offer
Back & Lay Bets
Regular Betting Offers