Betfair: main functions and advantages of the sportsbook

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.

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

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.

As a licensed company, Betfair 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.

Withdrawals and deposits can be completed using various payment methods.

Depositing funds

The major replenishment methods 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 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.

Withdrawals

Withdrawals are made via a similar method as deposits. The only notable difference from the deposit process is the withdrawal times, as there's a need for the Bookmaker to authenticate payments.

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

How are withdrawals done on Betfair?

1. Make sure to be logged into your account.
2. Click on the "My Account" sign and follow the options displayed
3. A list of options will be displayed; just click on "withdraw funds," and your withdrawal immediately starts to undergo processing.

Tax On Winnings

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

Whether you are a new or an existing customer, the bookmaker offers a lot of great promotions that will help make the game interesting for its users.

The first bonus program for new customers is the Sign Up Offer or New Customer Offer.

When registering, you need to choose the category in which you would like to receive the bonus - there are three in total:

• Sports - you can get £50 in free multiples, when you place a £10 bet on sportsbook
• Exchange - Money back as cash if it loses
• Casino - get plus 50 free spins when you deposit and play with £10

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

• Make sure that you have filled in the login to the bookmaker correctly
• 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
• After the bet is placed, a bonus will be 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 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 £50/$63 for bet spins, another welcome offer.

Finally, the 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 the bookmaker.

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

FAQ

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.

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

You can read the full Betfair app review

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 shows ads for "newest releases," what's trending, and ads for some promo events.

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

Live

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

Broadcast Matches

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

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

The 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 point for every GBP when placing a bet on a 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.

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 users.

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