Betfair OVERVIEW BETTING BONUSES28/05/2017 17:11
Betfair is one of the world’s largest online betting sites, but it is not only a classic bookmaker. Betfair is one of the first innovators that introduced betting exchange. The site has over 4 million users, and they are pioneers in the area of exchange betting. Instead of betting against the bookmaker, player bet against each other. Exchange betting offers choices to ‘back’ a team as you would in regular terms, or ‘lay’ if you think a team won’t win. If you are unfamiliar with the details of exchange betting, there are guide available on Betfair’s website which are perfect for new bettors.
Betfair is one of the most recognizable brands in online betting and they were reinforced further when they merged with Paddy Power to form Paddy Power Betfair, creating the biggest gaming company in the world. In addition to this the also run a traditional sportsbook as well, offering bettors the best from both worlds.
The company was set up in the United Kingdom, but they hold a Gibraltar gambling license.
Betfair have some pretty awesome signup bonuses for their sports betting. By signing up an account you can get up to £30 in free bets. You need to place a minimum of £10 on single sports bet with the at odds of at least 1.2 (1/5). Once this bet is enrolled you get 3 x £10 free bets.
Betfair are really popular with their promotions they offer on their website. Players can find different offers based on their location and different offers in the exchange betting as well as in the traditional bookmaker. Usually, they offer a lot of incentives for new customers, like high quality enhanced odds on specific market when you sign up and place your first bet on that market. They also have money back specials cropping up as well and running acca insurance on football markets.
Betfair has an affiliate program as well, where if a player manage to sign up a couple of friend in the same offer, the same player can get additional £25 free bet with the ‘Refer and Earn’ program.
The betting exchange is the biggest feature that Betfair offers. There are great help guides and videos to help players learn the system, along with a user forum.
Another advantage is the cash out feature and it is available on accumulators as well. This is a great service in their sportsbook and they have great product too, called Acca Edge. This is an option which allows the player, after building the bet, to select the Edge on that specific bet, which means for a small sacrifice in odds. The player can take the insurance should the bet lose by just one leg. If it doesn’t then the player will get the stake refunded as cash and this is available on acca’s from multiple sport selections too.
You 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.