Betfair Review 2017 - Sports Betting ReviewBetfair are one of the big innovators in the world of online betting, they were one of the front runners, the industry leaders to really drive on with the peer to peer betting platform that is the exchange. It has revolutionised the way that punters bet, because odds can be defined and selected and punters are able to back and lay a selection in a market. They are the biggest internet betting exchange in the world and they have seen tremendously rapid growth since their start in just 2000. They are now one of the most recognisable brands in online betting and they were fortified further when they merged with Paddy Power to form Paddy Power Betfair in early 2016, creating the biggest gaming company in the world and they also run a traditional sportsbook as well, giving punters the best of both worlds.
Betting markets and odds quality 9/10There is such a tremendous variety of odds and market options across both platforms that Betfair have running that you are loaded up with quality in both departments. The beauty of the exchange is that if you can’t find a price that you like for a wager, then you can set your own and as long as someone matches it, it will be active. That is what peer to peer betting is all about, finding value and there is stacks and stacks of it at Betfair. Because of backing and laying on a market you can create a green book which means that no-matter what the outcome of the event is, you will still win. So whether it is looking on the exchange or looking at the traditional sportsbook that they have running, you are going to find the market odds and quality.
The important thing to remember is that Betfair don’t act like a traditional bookmaker on the exchange in terms of taking a bookmaker margin, so there’s not that middle man factor there. Instead you pay a commission on your bets, which punters generally find to be a lot more favorable. There are so many plusses to sitting down and thoroughly investigating the betting exchange platform and one of them is value which is, probably the most important thing about betting that you should be focusing on. Commision on winnings runs about 5%-7%. You can also find plenty of non-sports markets like financials at Betfair as well.
Sign up bonus, free bets & current promotions 7/10You can earn yourself up to £30 in free bets when you roll up and open an account with them. Just go and sign up for an account and then go and place a minimum of £10 on a single sports bet at odds of at least 1.2 (1/5). This has to be done within 30 days of having opened the account. Once you have settled your qualifying bet you will be offered 3 x 10 free bets! Betfair are quite popular with their promotions that they run throughout their website. You will find different ones based on location and whether you are in the exchange or the traditional bookmaker section. They generally offer a lot of new customer incentives, like offering high quality enhanced odds on a specific market when you sign up and place your first bet on the specific market. You will find money back specials cropping up as well and running acca insurance on football markets.
In-play betting 8/10You have in-play betting available at online betting site Betfair and this is both on the exchange and sportsbook. So you have tremendous options throughout and stacks of value again you are looking at. Just by the nature of the betting exchange, it fits in perfectly with live in play betting. You can track the prices of a selection and this importantly is where a lot of punters will create that green book. If you have a wager on Man City to beat Stoke for example, but Stoke take an early lead, you could lay Man City with a live bet so if they win or lose you won’t lose out. This is all based on pricing of course, because the value of either outcome has to cover the loss of stake on the other one. You will see prices fluctuating quickly throughout the live in-play betting section and again you can place your own. Everything is presented very clearly, although it may take some getting used to for first time punters because there is a lot to absorb.
Extras & features 8/10The betting exchange itself is the big feature of Betfair. It offers so much control on your betting and fortunately there are great help guides and videos there to help you learn the system, along with a user forum as well, which is well worth dipping into because punters like to give advice. If you can master the betting exchange you will probably find it one of your first stops on your betting routine. It makes betting life very easy and you can of course just jump right in and back or lay a selection. It’s worth spending some time at.
Betfair do run a cash out feature and it is available on accumulators as well. This is another dimension of their quality and service through their sportsbook and maintains some control therefore you as well. It’s a great service and they have a great product called the Acca Edge. After building a wager, you can select the Edge for that particular bet, which means for a small sacrifice in odds, you can take the insurance should your bet lose by just one leg. If it doesn't then you will get your lost stake refunded as cash and this is available on acca’s from multiple sport selections too.
On top of everything else that Betfair have running, you do have live streaming options available as well. They have been running streams for a long time and they are very strong in this department. You can get some top soccer matches on there as well as other top sports like basketball and tennis. The cash out feature is available on select markets with live betting, so you can control your bets while you are watching live sport with them. There are horse racing streams available as well.
You can even get more than you had hoped for with Betfair as well. They run a ‘Price Rush’ product where they will boost your wager to higher odds. This is available through the Betfair exchange and after checking the prices offered by the thousands of customers there, you may get a rush where you wager is boosted up to the next full number, so if you had selected something at 5/2 for example, you would get a rush to 3/1.
Payment options - deposit and withdrawal methods 7/10You have the usual array of banking options for funding on your account and across a variety of currencies as well. You can use a regular Bank Transfer, e wallets and cards to get funds into your account and you get a full list of transaction history in your account. The regular means of getting your money out of your betfair account is available to you. Always check for charges and processing times for the different methods of deposit and withdrawals.
Deposit Methods Include: Visa, MAstercard, Visa Electron, Delta, Bank Transfer, Cheque, ClickandBuy, EntroPay, Neteller, payPal, Poli, Skrill, Western Union.
Withdrawal Methods Include: Visa, Mastercard, Visa Electron, Delta, Bank Transfer, Cheque, EntroPay, Neteller, payPal, Skrill
User-friendliness of website & mobile app / mobile version 8/10Going straight to the Betfair app, you will find one of the most user friendly betting apps out there. It is designed to be sharp, quick and efficient, everything you need for that on-the-go betting and the Betfair app delivers. If you are a customer with them you will probably find yourself spending a lot of time on the app. It is very well presented and easy to navigate and strike a bet. That all of course flows through from the main website. At first glimpse the exchange can look a little complicated, but just spend five minutes poking around and you will get a grip of it pretty quickly and it all makes sense.
Customer Service & Support, Security & Reliability 8/10You can get telephone access to Betfair customer support at +44-203-059-8888 and there are toll free numbers depending on where you are calling form as well. You can also just sit and email them at firstname.lastname@example.org as well. Their customer service support is available 24/7 and 365 days of the year as well.
Overall / Conclusion 9/10
A top performer and well worth using for your online betting. The control that the betting exchange can end up giving you on your betting is fantastic and again, it is really worth spending time looking around and learning what goes on there. There is top, top value to be found across the betting exchange and for the times that you don’t want that, you can just switch to their sportsbook. High quality product offers, one of top recommendations that we can offer.
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