Betfair ( www.BetFair.com )and it's betting exchange site is the brainchild of Andrew Black and Edward Wray who founded Betfair in 1999. Betfair operates with a license from the Lotteries and Gaming Authority of Malta and the Gambling Commission of the U.K. They are currently the world's largest sports exchange handling over 15 million bets per day with a growing population of customers that numbers over 250,000. Their focus remains on providing a betting site system for customers to set up bets with others, and utilize a 5% commission fee on each bet for their services.
Betfair has a very detailed sports betting site section that is information intensive. Their web site provides the latest information on soon to play matches, popular betting events and allows customers to track where the money is by listing how much money is being placed on each event. Popular sports such as soccer, American football, rugby, tennis, golf, ice hockey and cricket are available for betting. Betfair's biggest money maker remains soccer, with bets available on league positions, matches, and special events.
Horse racing and greyhounds have their own sections on the betting site with all up and coming racing events posted as well as access to radio coverage, and live video. Those looking for less popular sports will find it in Betfair's catalogue which also includes boxing, darts, handball, mixed martial arts, motor sports, rowing, snookers, winter sports and yachting.
Other Gambling Options
As a premier gambling site, Betfair.coom offers customers a variety of other forms of betting. Financial bets for European, American, and Australian markets can be made on situations such as interest rates, and market points.
Betfair also offer casino and poker gambling through their software that is available as a free download. Games such as Texas Hold'Em poker, blackjack, keno, slots games, craps roulette, darks and war can be played. Poker players are able to play on up to 15 tables simultaneously, with seated population often ranging between 600 to 1100 players. Betfair runs its own proprietary software for their poker section while relying on Playtech software to provide gamblers with a solid casino experience.
Solid Bonuses and Promotions
They offer first time depositors 30 Euros back on the first 30 Euro bet that they lose out on. Their casino arm offers a 100% match bonus on first deposits of up to 60 Euros. Poker players can also get in on a sign up bonus by depositing at least 15 Euros and becoming automatically enrolled into the Betfair points program that offers players cash back for points earned. The poker department also runs regular tournaments with large prize pools ranging from 6,000 to 14,000 Euros.
For more details visit our current BetFair.com Bonus Code page.
Depositing and Payment Methods Offered
Betfair offers a host of betting site deposit methods including:
- Visa & MasterCard Credit ($15 Euro minimum, instant and free processing)
- PayPal (7 Euro minimum, 1.5% processing fee)
- NETeller (15 Euro minimum, instant and free processing)
- Moneybookers (10 Euro minimum, instant and free processing)
- ClickandBuy (15 Euro minimum, 1 hour processing fee)
- Bank Transfer (15 Euro minimum, 1-3 business days processing period)
- Check (15 Euro minimum, 7-10 business days processing period)
All deposit methods can be used when requesting a withdrawal. Credit card and Moneybookers withdrawals carry no minimum limit, while other methods such as PayPal and bank transfers vary in their withdrawal limit. Payouts may take up to 5 working days to process.
BetFair.com Site Safety/Customer Service
THey provide customer support through their 24/7 telephone, e-mail and live chat services. Betting disputes are handled within 4 hours through their customer service support or can be handled through The Independent Betting Adjudication Service. They use a VeriSign security infrastructure to encrypt and secure all sensitive customer and banking information.