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.

Money Back as Cash if your First Bet Loses

VISIT SITE

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.

About


Offering a huge range of sports and betting markets, 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, take a look at these two generous sign-up offers from which new customers can claim up to €100 in free bets in the Sportsbook or, alternately, a €20 refund on the Betfair exchange!

Betfair Exchange

Money Back as Cash if your First Bet Loses

VISIT SITE!

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 welcome offers for new customers. 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


Create a new account at the Betfair Sportsbook with this link and you can receive up to €100 in free bets by simply placing bets at the sportsbook!

betfair sportsbook welcome offer

After registering, for every 5 x €10 bets you place in the sportsbook at odds of 1.5o or greater, you will receive a €20 free bet! You can repeat this up to 5 times and claim a huge €100 in free bets within your first 30 days as a customer.

Betfair Exchange Welcome Offer


Sign up to the Betfair Exchange using this link and as a new customer, you can receive a refund of up to €20 should your first exchange bet lose.

Simply place your first bet and if it loses, your stake will be refunded AS CASH up to a maximum of €20!

betfair rewards

Betfair customers have access to Betfair Rewards which is a loyalty program from which customers can earn free bets, cashback, free spins and several other perks.

The REWARDSREWARDS+ options mean that you pay 5% or 8% commission rates which is higher than with the Basic plan but in return you will receive additional rewards.

If you opt for the BASIC rewards plan, you will receive no additional rewards but this tier does have the lowest rate of commission at just 2%.

If you use the betting exchange regularly to place bets then the Basic plan may be the better option for you as you will pay the least amount of commission. However, there are benefits with the other two options.

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


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!

betfair horse racing

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.

betfair horse racing odds

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.

betfair racing videos

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!

Football


Alongside horse racing, there is also coverage of many mainstream football leagues including the Irish Premier Division, the English Premier League and Championship, Spanish La Liga, Portuguese Primeira Liga and several worldwide leagues.

Whilst looking at football events, we often see many markets made available to bet on, these include:

  • 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…..


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.

betfair football

Other useful aspects to the football offering include the cash-out button which allows customers to end their bets early before the event has finished.

Golf


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:

  • Winner

  • Each way

  • Round leaders

  • Top 5 / 10 / 20

  • Players to make the cut

  • Top Player from a Country


There are also betting options available for 2/3 ball groups on some of the bigger golf tournaments which is nice to see.

betfair golf

Motorsports


Betfair provides market leading coverage of worldwide motorsport events including the Formula 1 world championship.

F1 race markets commonly available include:

  • Race winner

  • Winning car (team)

  • Qualifying winner / top 3

  • Top 3 / 5 / 10 finish

  • Fastest lap


The liquidity in the motorsport markets at Betfair is generally very good for the majority of markets which means that both back and lay bets are usually matched without any issues.

Politics


Betting on Politics has become very popular over recent years 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


If you're using a betting exchange instead of a bookmaker, liquidity and market depth is important to consider.

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:

betfair liquidity

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).

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!

betfair multiples

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:

betfair accas

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:

  • Double / Treble / 4+ leg accumulators

  • Patent

  • Trixie

  • Yankee

  • Lucky 15

  • Lucky 31

  • Canadian (x26)

  • Super Yankee

  • Heinz

  • Lucky 63

  • Super Heinz

  • Goliath


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:

matchbook multiple

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:

betway multiple

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).

Betfair Exchange Multiples (Pre-Made)


Although you can place multiple bets on the Betfair Sportsbook, Betfair do provide pre-made accumulators ahead of big sporting days on the betting exchange.

betfair pre-made acca

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 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

  • Tennis

  • Basketball

  • Snooker

  • Cricket


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.

betfair website

A two tier navigation menu helps to move between the different sections of the site such as the Sportsbook, Exchange and Casino very easy as it do the sub-sections underneath each one (for example, Football, Horse Racing, Golf etc.). The 'Quick Links' section is also useful as well as the search box which allows you to find the sport or event that you're looking for.

betfair menu

Apps are available for all mobile devices including iOS and Android. Betfair also have dedicated apps for each of their products such as:

  • Betting Exchange

  • Sportsbook

  • Casino

  • Poker

  • Exchange Games

  • Bingo

  • Live Casino


All of Betfair's apps work great and provide access to your account along with being able to bet on sports, play casino games or poker and much more wherever you are providing that you have an internet connection.

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!

betfair casino

Many of the big game types are available in the Betfair Casino such as Age of the Gods, Jackpot King, Deal or No Deal and Megaways games alongside dozens of slot machines, video poker, table games, jackpot games and several live casino games such as:

  • Live Blackjack

  • Live Roulette (European and American)

  • Quantum Roulette

  • Lightning Roulette

  • Spin-a-Win

  • Mega Fire Blaze Roulette

  • Monopoly Live

  • Live Poker

  • Live Baccarat


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.

betfair poker

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.

betfair account

Betfair Deposit and Withdrawal Options


Deposits


You can deposit funds into Betfair via multiple supported currencies, these include:

  • EUR (Euro)

  • GBP (British Pound)

  • 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)


The minimum deposit amounts vary depending on the deposit method but all come without any fees.

Withdrawals


You can withdraw money from Betfair via several different methods:

  • Debit card

  • Neteller

  • Skrill

  • PaySafe

  • Bank transfer* (€6 fee for the express bank transfer option)

  • PayPal

  • Much Better

  • Prizeout - Withdrawals are credited as gift cards for various services such as Uber Eats, Domino's, Amazon and others. 


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.

You can also get in touch with the Betfair support team should you need to via liver chat or email.

Betfair Exchange

Money Back as Cash if your First Bet Loses

VISIT SITE!

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
  • Good Odds
  • Regular Betting Offers
Betfair Exchange Facts

About Betfair Exchange

websitebetfair.com
founded1999
online since2000

Deposits

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

Withdrawals

Debit Card 1-3 Days
Neteller 1-2 Days
Skrill 1-2 Days
PayPal 1-2 Days
Paysafecard 1-2 Days
Much Better 1-2 Days
Prizeout**

Features

CASH OUT
PARTIAL CASH OUT
SAME GAME MULTI
EACH WAY EDGE
LIVE STREAMING

Contact

Twitter
Facebook
Live Chat Available

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