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Betfair Review

3.40 /5.0 Betfair
Funds withdrawal 2 to 3 working days
Payment methods
Visa Mastercard Apple Pay PayPal Neteller Skrill Paysafecard by Skrill MuchBetter
Visit site
Pros
  • Betfair Website supports multiple languages
  • The Bookmaker is available in many countries around the world
  • Highly secure
  • Allows flexibility in deposit and withdrawal limits
  • It has one of the largest markets for a betting site
Cons
  • Bookie charges a fee on winnings

Common information about the bookmaker

📅 Founded in
2000
🚩Headquarters
Hammersmith, London, England
📄 License
PPB Counterparty Services Limited, Betfair Casino Limited, PPB Entertainment Limited, PPB Games Ltd и TSE Malta LP 39439, 39435, 39426, 39411 and 39561. PPB Counterparty Services Limited, Level 2, Spinola Park, Mikiel Ang. Borg Street, St. Julians SPK1000 Malta, Malta Gaming Authority MGA/CRP/131/2006
Languages
English, German, Spanish, Portuguese, Russian, Finnish, Hungarian, Norwegian
Payment methods
Visa, Mastercard, Apple Pay, PayPal, Neteller, Skrill, Paysafecard by Skrill, MuchBetter
Funds withdrawal
2 to 3 working days
Can play from
GB
Customer Support
✔️ Yes

Betfair sportsbook offers customers access to a rich variety of online gaming. With an excellent 21st-century website that is easy to use and stable, Betfair guarantees a fantastic online experience.

The Bookmaker merged with Paddypower and FanDuel in 2016 and 2018, respectively. This helped improve the company's coverage, making Bookmaker an international brand. Betfair has operating divisions in the UK, Ireland, the US, and Australia.

But with all the great sides to the bookie, can we conclude that Betfair is flawless? This article aims at reviewing Betfair as a gambling company.

General Information

Established in 2000, Betfair started as an innovation-centred company. Offering highly competitive features, Betfair sports rose to a high-ranking position among bookies worldwide.

Being the first betting company to allow punters to choose their odds and bet on ongoing events, it's not surprising that Betfair is popular among punters worldwide. The Bookmaker is now part of Flutter entertainment PLC, an Irish gambling company.

betfair.com Website

License and Legality

Betfair operates two major divisions, which are Betfair UK and Betfair EU. The latter comprises countries outside the UK.

As a licensed company, the EU division is run by the PPB counterparty service limited, with a registered address at Level 2, Spinola Park, Mikiel Ang. Borg street, St Julians SPK1000 Malta, is regulated by Malta Gaming Authority under license number MGA/CRP/131/2006.

For Betfair UK customers, the bookie's operations are regulated by the British Gambling Commission.

Minimum and Maximum Rates

Betfair ensures the utmost security for all financial operations. Giving punters the assurance they need when transacting with the bookie.

The minimum and maximum rates on deposits might vary as Betfair online betting company offers a variety of account replenishment methods. On general analysis, however, the minimum amount to be deposited into a Betfair account is £5/$5.97. Deposits made via PayPal, however, have a minimum of £10/$11.95.

The maximum deposit rate varies from £50/$60 - £5000/$6000. The maximum rate isn't fixed, as the punter could always reach out to Betfair customer service for an adjustment in the maximum amount allowed on their account.

Moving to withdrawals, withdrawal on Betfair is just as easy as deposits. With the presence of various cash-out options to choose from, the punter is sure to find one which suits him the most.

Betfair's minimum and maximum withdrawal rates do not have fixed values as the Bookmaker tries to allow flexibility in their customer's earnings.

Pros and Cons

Pros

  • The Betfair odds are highly competitive
  • The website and app are easy to use
  • Top-notch market interface for trading
  • Great signup bonus
  • Available in multiple countries around the world

Cons

  • Charges specific fees on profits

Marginality

The marginality operated by Betfair is one of the best in the gambling market.

Here's an instance, a football match between Everton and Aston Villa.

The odds provided by the bookie are Everton win (2.5), Aston Villa win (3.0), and a possible tie (3.0).

In calculating the marginality or Bookmaker's margin, we divide all the odds by one and take a sum of the answers.

0.4 + 0.33 + 0.33 = 1.06.

The answer is multiplied by 100, and the percentage by which it goes above 100% is the Bookmaker's margin

1.06 x 100 = 106%.

Therefore the margin in that match is 6.0.

Taking another instance of a tennis match between Carlos Alcaraz and Nicholas Jarry. A 2-way bet with odds given as Carlos Alcaraz (1.13) and Nicholas Jarry (6.5).

Same as the analysis above,

0.88 + 0.15 = 1.03

1.03 x 100 = 103% giving a margin of 3.0.

Average Margin

The average margin on Betfair Sportsbook is very satisfactory. With margins ranging from 6.0 on football to as low as 3.0 on Tennis, the Bookmaker gives its customers a chance to earn great returns on their bets. Comparing this margin to the average margin of the entire bookmakers' industry of 6.0, Betfair is definitely above average.

Financial Operations

Withdrawals and deposits on Betfair can be completed using various payment channels. This ensures that the punter has a wide range of choices.

Account Replenishment

Punters find it intriguing to have lots of options to choose from when transacting with a sportsbook. Betfair understands this as they offer a lot of account replenishment methods.

The major replenishment methods on Betfair can be broadly categorized into three, namely; Credit Cards, E-wallets, and bank transfers. Each of which has minimum limits and processing time. However, Betfair's no deposit fee applies to all replenishment options.

Deposits via Credit Cards have a minimum limit of £5/$6 and no specific maximum limit, as the limit can be tweaked to suit the punter by simply contacting Betfair customer service. Betfair Sportsbook UK reserves the right to refuse an account replenishment should any fraudulent activity be detected by the bookie. The processing time on Credit Cards is instant.

Deposits via E-wallets have a minimum of £10/$12 - £12/$14.4 and no specific maximum limit. Processing time is also instant on e-wallet transactions.

Finally, Bank transfers mostly differ from those mentioned above in the processing time. Bank Transfer can take anything from 2 - 5 working days. The minimum limit, however, remains £5/$6.

Deposits

NameMinimum AmountProcessing time
Debit Cards£/€ 5.00Immediately
Bank Transfer£/€ 20.001-5 Working Days
Instant Transfer£/€ 5.00Immediately
Apple Pay£/€ 5.00Immediately
Cash£/€ 10.00Immediately
Paypal£/€ 20.00Immediately
Neteller£/€ 20.00Immediately
Skrill£/€ 20.00Immediately
Paysafecard£/€ 20.00Immediately
Rapid Transfer£/€ 20.00Immediately
Much Better£/€ 20.00Immediately

Withdrawals

Betfair withdrawals are made via a similar method as deposits. The only notable difference from the deposit process is the Betfair withdrawal times, as there's a need for the Bookmaker to authenticate payments. However, the significant difference depends on financial organizations, Bookmakersaker.

Payment withdrawal methods can be grouped into Credit cards, e-wallets, and bank transfers.

The e-wallet option is especially popular among punters as it has the shortest processing time of all the categories. Withdrawals take about 24 hours to become accessible to punters.

Regarding the speed of transactions, credit cards follow closely with e-wallets as they only take 2-5 days.

Bank transfers, however, take the longest period, reaching a whole week before funds become accessible to the punter.

How are withdrawals done on Betfair?

Make sure to be logged into your Betfair account.

Click on the "My Account" sign and follow the options displayed

Locate and click "My Betfair Account".

A list of options will be displayed; just click on "withdraw funds," and your withdrawal immediately starts to undergo processing.

Withdrawals

NameMinimum AmountProcessing time
Debit Cards£/€ 0.012-5 Working Days
Bank Transfer£/€ 10.001-5 Working Days
Instant Transfer£/€ 0.01Immediately
Apple Pay£/€ 0.012-3 Working Days
Paypal£/€ 1.001-4 Hours
Neteller£/€ 1.001-4 Hours
Skrill£/€ 20.001-4 Hours
PaysafecardN/AN/A
Rapid Transfer£/€ 0.012-3 Working Days
Much Better£/€ 0.01Up to 24 Hours

Commission

Betfair is a bookmaker that supports betting exchanges. This means Betfair customers get charged a certain commission on their winnings.

Their package choice determines a user's commission rate. This can be found in the "My Betfair Rewards" section of "My Account."

Although there are various packages, we'd only consider the most common package (Basic package) in this article.

On all winnings made by a punter on the basic package, the bookie charges 2%. For instance, if the punter makes a £200/$240 profit, Betfair commission would cost (2/100 × £200/$240), which equals a commission of £4/$4.8.

The Market Base Rate ranges between 2 -5 % for betting companies. Betfair operates the lowest possible percentage in the market while offering great odds.

Tax On Winnings

Betfair charges zero tax on winnings, as do other gambling companies in the UK.

Betfair Offers and Bonuses

Whether a new or a previously existing customer, Betfair has many great promotions to help make gaming fun for its users.

The first bonus program for new customers is the "Betfair signup offer" or "Betfair new customer offer."

The Betfair Sign Up Offer is a bonus given on signing up for a new Betfair account, where the new user enjoys up to £30/$36 worth of Betfair free bets from using the Betfair bonus code.

Like most sportsbook bonuses, the Betfair signup offer must be met before the new user can access the Betfair bonus fund. The necessary steps to qualify for the bonus are listed below.

  • Ensure to complete the Betfair sportsbook login correctly using a Betfair promo code.
  • Verify phone number by sms.
  • Deposit £10/$12 or above into your Betfair sports account
  • Place a bet worth £10/$12 or more with 1.5 odd minimum.
  • Once the bet is settled, a £30/$36 bonus in free bets is credited to your account within 30 days.

Next is the No deposit bonus and Free bets.

Currently, Betfair doesn't offer a no-deposit bonus. Previously, a Betfair no-deposit bonus code was provided to qualified users but not anymore. What customers can enjoy, however, are free bets. New Betfair Casino players earn deposit offers of £30/$36 for bet spins, another Betfair welcome offer.

Finally, the Betfair refer-a-friend bonus is one for existing customers where the punter gets a £10/$12 reward in cash once their referrals sign up with Betfair. More Betfair tips can be gotten on subsequent use of the Bookmaker's website.

When it comes to promos and bonuses, Betfair promos are the top contenders in the promo markets.

Application and Mobile version of the Bookmaker

Bet fair Bookmaker operates a Mobile Version of the desktop website to reduce the stress of access to the website for mobile phone users. The mobile version offers more stability in comparison to the actual website.
Speaking about stability, the Betfair application has been optimized to run smoothly on all devices.

The Betfair app for Android can be gotten on the Google play store. You could also download the Betfair app for iOS on the app store. Tablet and windows also supported the Betfair app.

Supported Devices

The Betfair app is supported by Android, iOS, Tablet, and Windows smartphones.

Comparing the mobile version of the site with the application

Both the mobile version of the site and the application are very similar as both are designed to run smoothly on mobile phones while maintaining the functionality of the Betfair official website.

The application slightly differs from the mobile version as the Bookmaker has added personalized features such as the favourite setting and the full market depth.

Betfair Official site

The official Betfair site is created with a user-friendly interface to provide a smooth experience for users.

On entering Betfair.com, the home page has been simplified with the "Betfair login" and "Join now" signs displayed boldly at the top middle of the homepage. Below them are several markets the Bookmaker offers, ranging from Betfair football, Betfair Tennis, Betfair MMA, Betfair snooker, Betfair Horse racing, and so on.

The homepage displays the "in play" where updated scores of ongoing games can be found.

Scrolling down, close to the end of the page, is the Jackpot section, and below it is the popular tournament option.

Betfair Sportbook

Features of site functionality

  • Simple and user-friendly interface
  • Login and Join now readily accessible
  • Novice and professional, friendly
  • Betfair site is Secure

Casino

The Betfair casino is packed with lots of exciting games that are very similar to a real-life casino. Upon entry, the Casino homepage on Betfair shows ads for "newest releases," what's trending, and ads for some promo events in the Casino.

On the Betfair casino, the top right of the homepage has the login and join now options, and the second row contains a search box. The third row consists of Slots, Live Casino, New, Premium Casino, Megaway ™, Daily Jackpot, Roulette, BlackJack, Table Games, Slingo, jackpot kings, and All Games.

The Betfair Casino can be accessed on the official casino page, which is different from the official Betfair page. The Betfair Casino App is also available for Android and iOS.

Live

The live section of the Betfair betting site is readily located in the "IN PLAY" section on the homepage. This section is dedicated to allowing punters to select the right time to stake a bet while a game is in play. This increases the risk as well as the rewards for interested punters.

The live section covers football from almost all leagues of the world, Tennis, basketball, Table tennis, ice skating, and many more Betfair game allowing the punter access to a rich variety of ongoing match events.

Betfair live is a section of Betfair online accessible by only online users.

Betfair Live Casino

Broadcast Matches

The Betfair live video lets punters watch ongoing matches on the Bookmaker's official website.

Registering users must place a bet to access the Betfair live video service.

The Betfair live video service is free, and users aren't required to pay a dime. This service is aimed at further customer satisfaction, as are most other features of the bookie's website.

Tote

There is a difference between tote betting and conventional betting. In tote betting, the bettors bet into a pool. A pool contains bets made by many other bettors on a specific horse. These bets are accumulated at the end, and each bettor with a winning ticket is paid a certain percentage of the pot.

Betfair tote also follows this fundamental rule. However, the punter earns one Betfair point for every GBP when placing a bet on a Betfair tote. All the points accumulated over 7 days are calculated, converted into funds, and sent to the punter's account. A small incentive to further encourage more Betfair Cash out for users.

Account Registration

Registering an account on Betfair is quite easy. Registering with the official gambling site is important to be allowed access to the bookie's services. Registration with Betfair is also quite profitable as they offer great welcome bonuses and periodical promo events. The bookie also has very competitive odds.

With the "JOIN NOW" sign boldly displayed on the homepage of the Bookmaker's official site, it is unmissable. On clicking, the punter is directed to the "Betfair Register" screen containing a 2-page registration process.

Below is the step-by-step representation of the registration process on Betfair:

  • All personal information such as gender, first and surname, Date of birth, and phone number are to be provided.
  • Next, the country of residence, address, town/city, and postcode are also requested for end of the first page.
  • The punter must fill in their Email address and password on the second page.
  • Next, a security question is selected, and the answer is stored in case the punter forgets their login password.
  • The punter is then asked to choose their preferred currency. Below is a space for a Betfair promo code if any.
  • Finally, the punter is asked to select their desired Deposit Limit.

On completion, a verification process follows to grant the punter access to sportsbook features finally.

Verification

The verification process on Betfair is mainly electronic. The bookie will first attempt to verify a new customer electronically. If this attempt fails, the user will then be required to provide documents from the following categories.

Betfair new account registration

Personal identification

A photo ID from

  • International passport
  • Driver's License
  • National ID

Address Verification

  • Using one of the following
  • A copy of a bank statement that is less than 6 months old
  • Utility bill (at least within the last 6 months)

The user must locate the "Get in touch" in the contact us section to submit the following documents. While successfully logging into their account, the user should select "My Account," then "My details," and finally "verification," and then submit a photo or scanned copy of the above document.

Personal Area

The personal area comprises a dedicated area allowing users access to their data, account information, and general site menu. Under the personal account, users can perform various basic activities such as wallet top-ups, cash out of funds, and access to their personal information.

Bookmaker's Rules

Betfair operates on specific rules and regulations considered very important and is expected to be strictly adhered to by all users.

The Bookmaker reserves the right to suspend any account suspected of breaking any of its rules, causing forfeiture of earnings, if any, in such an account.

Below are some of the Bookmaker's rules:

  • Underage gambling is prohibited.
  • Identity theft is punishable by law, and the Bookmaker will ensure to hand over individuals to the right law enforcement agencies.
  • Fraudulent activities are not condoned.

Though relatively simple, these rules are strictly maintained to ensure a serene betting environment for all Betfair users.

Safety and Reliability

Regarding safety and reliability, only a few other bookies in the game can stand shoulder-to-shoulder with Betfair.

The gambling company operates under the license of the UK gambling commission for all sports and betting activities in the UK, The Malta gaming authority for betting activities outside the UK.

Betfair limited company has a registration number of 5140986, registered at Waterfront, Hammersmith Embankment Chancellors Road, London, UK.

Betfair International PLC is registered under the registration number C39498, at level 2, Spinola park, St Julians SPK 1000, Mikel Ang. Borg Street, Malta.

Customer support

The customer support team can be reached via the Betfair phone number 1300 BETFAIR (1300 238 324).

Scrolling down to the end of the home page, locate the "Help & Contact" on clicking, a screen contains frequently encountered difficulties from other punters. The "Get In Touch" button stops at the bottom of the page. On clicking, The user is taken to the Betfair live chat, where they can send a direct message to the Betfair support team. The Betfair chat feature is high-speed, and responses don't take too long.

The support language available on Betfair is English.

Social Activities and Sponsorship

Most betting companies utilize sponsorship deals to improve their reach, create awareness, and further affirm their reliability. Like most other betting companies, Betfair is no exception with a current sponsorship deal with Palmeiras FC, one of the largest football clubs in Brazil.

Conclusions

After going through this article, we hope that the reader has seen the numerous advantages of choosing Betfair for their betting operations. We understand that there can be no such thing as a 100% Perfect bookmaker, but for what it's worth, Betfair is one of the best betting companies in the world right now.

With one of the most extensive varieties of markets, great bonus programs, a quick customer support team, and a user-friendly application, mobile version, and website.

FAQ

How good is the customer support team on Betfair?

We'd say perfect. With an always-available live chat feature, the customer support team is always within reach of the user.

Can I enjoy free bets on Betfair?

The answer is yes. With a welcome offer on sportsbook, users enjoy £30/$36 worth of free bets. The Casino also offers new users deposit offers of up to 30 free bet spins.

Can I delete my Betfair account?

Betfair offers many outstanding incentives in a bid to keep its users happy with its services. This, however, doesn't mean the Bookmaker would refuse a user the right to delete their account. However, it is advisable to contact the customer support team when intending to have an account deleted.

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