(7.8 / 10)
Our Betfair Honest Review will be different to any you have read before. There is no bull or needless promoting of inferior casino bonuses. Just genuine advice on what parts of Betfair to use and which ones to avoid.
Before we delve into the individual products on offer at Betfair, let’s look at them as a company overall. They began as an innovative platform for customers to back and lay outcomes in sporting events. The concept was a good one, you want a bet and another person may want to take it. The website brings the two people together, facilitates the bet and takes a small commission.
There was appeal for all gamblers, the odds were better on Betfair the vast majority of the time and you had no risk of being limited. The only potential problem to negotiate was liquidity, there needs to be enough for you to get your bet matched.
|Welcome Bonus:||(7.0 / 10)|
|Sportsbook Offer:||(8.0 / 10)|
|Other Products:||(8.0 / 10)|
|User Experience:||(7.5 / 10)|
|Mobile Site/App:||(8.0 / 10)|
|Payment Options:||(9.0 / 10)|
|Support:||(7.5 / 10)|
|Overall:||(7.8 / 10)|
Place five bets at £10+ to receive £20 in free bets. You can then repeat the trick up to 5 times to receive the full £100. Naturally T&Cs should be read but generally speaking they aren’t sinister, remember the minimum odds you can bet at are 1/2 (1.5).
To avail the offer just follow the steps below;
Click here to qualify for the offer
Open a new account and make a real money deposit
Place 5 bets, staking at least £10 on each bet
Following the 5th bet being placed, you will receive a £20 free bet from Betfair
This can be done 5 times for a total haul of free bets to the value of £100
Reminder: Always read the bookmaker T&Cs
Betfair New Customer Free Bets and Bonuses can be availed on either the exchange or the sportsbook. Dependant upon what type of betting you prefer, you should select which sign-up offer accordingly. If you are likely to play more in the sportsbook with traditional fixed odds bets, the sportsbook new customer free bets are for you.
If you want to trade on the exchange, the cashback up to £/€1000 offer is definitely the one for you. This is a better deal overall and for heavy users, it will provide a nice boost to the bottom line during the promotion period.
If you are new exchange customer then you can also take advantage of the Betfair Exchange Cashback Offer. The cashback up to £/€1000 offer is based on exchange bets only. The more commission you pay on the exchange (the more you back or lay), the more you will receive back. The payments are made back to your account in cash when you hit certain tiers of activity.
To claim your exchange welcome offer, click here
Set up a new account and make a real money deposit
Hit targets specified by Betfair on the exchange to receive your £/€1000 in cashback
These will be paid in increments, normally of £/€20
Always read Betfair T&Cs and remember this bonus is only for exchange punters
The Betfair Sportsbook naturally offer all the major sports that people enjoy betting on. The live streaming service is strong across a multitude of sports, including top European football.
There is a massive push for Betfair Football. It’s obviously a market that any bookmaker would want a slice of. The company have sponsored and are sponsoring plenty of clubs, normally as official betting partner. Those clubs include 2016/17 Premier League Winners Leicester City, the extremely globally popular Arsenal and Spanish giants Barcelona.
On the Betfair Exchange you are likely to get better odds than you would do at other traditional bookmakers but you must factor the commission you will pay into that. You also won’t get any boosted odds or money back promos when betting into the exchange rather than the sportsbook.
Through the exchange there can be bets placed from the first minute to the last. Naturally then you can adjust your back or lay position as you go. Often the goal for exchange players is to win regardless of the result.
Betfair Tennis is well streamed to customers. This is largely down to the massive popularity of tennis trading on the exchange. You’ll always find betting sites offer plenty of tennis, it’s widely available from live odds providers like BetGenius and BetRadar. Tennis is played 11 months a year and all over the world so that helps bookmakers have live events available around the clock. The odds on the exchange are obviously fast moving during a game but are likely to be the best you will find.
Tennis exchange techniques have been tested almost since the advent of the exchange. There is plenty of liquidity for the Grand Slam events and before the premium charge was introduced, plenty of the biggest winners on Betfair operated primarily on tennis.
Betfair Horse Racing can be bet across two wildly different platforms. The traditional fixed odds betting style and then exchange betting.
The fixed odds format in the sportsbook needs little explanation but the exchange horse racing trading is something that captures certain imaginations. Many players on the exchange prefer to trade horse racing as oppose to just having one way fixed positions on whether a horse will win or not.
The idea of trading is to bet on the way a horses odds will move and to take advantage of that. Either backing the horse at a high price and laying it at a lower price or vice-versa. That allows the customer the opportunity to lock in a profit regardless of the result of the race.
This can be done either before the race or indeed during the race. There is no exchange or bookmaker that offers anywhere near the quality of in-running racing product that Betfair does, it truly is the best in the market.
Betfair offer customers the ability to lay a horse, will effectively is betting it won’t win. That ability has been abused in the past and there is plenty of scrutiny now over large wagers on horses not to win. As a jockey, owner or trainer you are not allowed to place lay bets on horses you are directly involved with. Harry Findlay was once involved an an investigation into laying his own horses but it eventually was proven he had backed them for larger amounts and was just reducing his risk. Rather than profiting from his horses losing thanks to information known only to those close to the horses.
The sportsbook arm of the website have a unique form of acca insurance which is called the Acca Edge. That requires a minimum of 3 selections, you accept slightly worse odds on your accumulator bet than at other bookmakers. However, the positive comes in that you receive your money back in cash if one selection lets you down. All other betting sites will refund in free bets and not in cash.
Betfair limit customers in the sportsbook but tend to take a while to get to those winning players. Contacts within the company have said that most of the customer factoring is done by an algorithm and that has it’s weaknesses. Advantage can be taken on horse racing bets overnight as they go up early and often make mistakes.
Betfair offer Cash Out like most betting sites now but it is seldom the right call. The more transactions you make with a bookmaker the more margin you are paying to them. The cash out algorithm is not there to help the customers, it’s another profitable tool for the bookies.
You can Cash Out Part Of My Bet (partial cash out) on Betfair sportsbook but on the exchange that would have to be a manual process. Quite often there is a better strategy than just hitting cash out for convenience. There could be situations where backing other outcomes is the more prudent betting strategy.
In the first few years of Betfair, the problems were actually few and far between. After the initial period of building custom, liquidity was no issue as punters flocked to the betting exchange. Then Betfair got greedy, they implemented a premium charge which made many successful/professional gamblers leave as it hit their profits substantially. The reliability of the exchange also seemed to become more and more unstable at busy times.
Saturday afternoon’s with all the football, racing and other sports going on are very busy. The exchange would often ”go down” which led to chaos as those with bets matched on the exchange couldn’t adjust their position or trade out in-running which is particularly common on Betfair.
The premium charge and exchange technical issues seemed to coincide with the addition of a traditional fixed odds bookmaker product being offered by Betfair. Naturally they have an extensive selection of football, racing and other sports to bet on.
Through both the exchange and the sportsbook you have a pretty extensive live streaming offer from Betfair. We make it third best out there behind the dominant Bet365 and impressive Unibet offerings.
Betfair’s casino offering has all the usual slots, table games and live table options. There are also the unique Exchange Games they offer, they include Blackjack, Baccarat and Texas Hold Em. The ability to back or lay hands/outcomes in those games is a novel way to play and bet.
The poker at Betfair is pretty standard as is commonplace now in the industry. Betfair’s poker platform is provided by the iPoker network. There’s normally plenty of cash games up and running up to 5/10, above that it gets quieter naturally.
Betfair has the usual monstrous amount of casino games spread over several different sections that all effectively are the same thing. They have Casino, Live Casino, Vegas Slots and even the confusingly named Arcade. All the same thing, all unbeatable for the customer and all should be avoided.
There is naturally a VIP programme for big losers, sorry we mean ”loyal customers”. Gold, Diamond and Platinum are the tiers in the scheme, we hope you don’t reach any of them.
Another big reason to avoid Betfair Casino is the pathetic welcome bonus for new customers. At just £/€100 with 45x turnover requirements, it’s an insult to customers who want to play casino and definitely not of value for Bonus Advantage Players.
Betfair’s Casino Bonus is pretty stingy and won’t get many overly excited. With just £/€100 as your bonus and a massive 45x wagering, this is one of the weaker casino bonuses out there.
New customers in the Betfair Casino get a matched bonus of 100% up to £/€100
Minimum transfer/deposit to casino is €10
Wagering requirement is 45x
To avail the offer, follow these instructions;
Click here to claim
Create an account with Betfair
Deposit min £/€10 and accept the bonus
Remember to read the T&Cs, particularly take heed when it comes to payment methods as those done through Paypal, Neteller, Moneybookers etc wont qualify for the bonus.
Betfair Poker is set-up on the ipoker network. As a big network you benefit from plenty of players and therefor getting a game is pretty simple at anything 5/10 NLHE or lower. They spread Hold Em (fixed, pot and no limit) and Pot Limit Omaha primarily.
The VIP system/rakeback within Betfair Poker is reasonable and comes out at 35% once you have hit Gold level. This is pretty simple for anyone playing regularly, you must convert your points to cash to receive the cash. A strange negative to Betfair’s Poker is you can’t play on Mac or Linux.
When it comes the Betfair Poker Bonus, they haven’t held back here at least. This is well worth having for those who enjoy online poker. Click here for this particularly generous offer.
New players at Betfair Poker receive a first deposit bonus of 200% up to £1200 and an extra €15 in tournament tickets used for buying in and €5 casino bonus
You release your bonus in increments of £/€10 for every 1250 Status Points you generate when playing either cash games, sit and gos or tournaments. The bonus will stop being paid 45 days after your initial deposit. Read all T&Cs at Betfair Poker.
Betfair’s Poker Bonus is very good and should be taken full advantage of if you consider yourself even a very small losing player. With this bonus and the VIP rakeback you have a great chance of turning a profit over a good number of hours.
The Betfair Exchange Games are a refreshing take on traditional casino games. The word exchange here simply means instead of simply betting on your hand to win, you can actually bet your hand will lose. Not only just before the hand is dealt but actually after each individual card.
Betfair have always been on the front foot regarding tech and that’s pretty obvious to anyone using Betfair Mobile. The mobile site is easy to navigate and has all the markets you would expect to see on desktop. The exchange is slightly more awkward to use on mobile but that is somewhat understandable. Accessing Betfair on mobile is easy across the board of mobiles. Android, iPhone and Blackberry can all handle Betfair.
The exchange is not something you would expect to be easily managed on a mobile. The app is probably as good as it can be but in reality, those wanting to trade the Betfair Exchange should be using software on a laptop or desktop. The best three trading softwares out there are Bet Angel, Gruss or Geek’s Toy.
Playing on the Betfair Poker App is pretty simple, technically it’s done through instant play poker rather than a downloaded app. So let’s call it mobile poker, visually it’s solid and multi-tabling is fairly easy up to 4 tables. That’s provided you are experienced in multi-tabling of course.
How do I get free bets from Betfair?
Sign up by clicking here, place 5x £10 bets in Betfair Sportsbook with real money and you will receive a £20 free bet into your account. You can repeat this process 4 more times to receive a total of £100 in free bets.
What is a betting exchange?
A betting exchange is a place where Customer A wants to bet/back a result that Customer B wants to take/lay. Avoiding the traditional bookmaker, you are likely to get better odds offered by another customer with an opposing opinion to yours.
How much commission to Betfair take?
Betfair commission is set to 5% for new customers. Through continued and regular use of the exchange, you will see that number drop down. The lowest commission rate you can get to is 2% but for most recreational punters that is never going to happen.
What is Betfair Acca Edge?
As mentioned above, it’s Betfair’s answer to acca insurance. They have a different slant on it by offering worse odds for the accumulator bet but if one lets you down, your refund is in cold hard cash.
What payment methods do Betfair accept?
Betfair payment methods and minimum deposit amounts are as follows;
Visa Delta £5
Visa Electron £5
Bank Transfer £10
You can withdraw to all the above deposit methods, be aware some will take longer than others. Generally speaking, e-wallets are the fastest way to withdraw from Betfair.