Join and register today at Betfair Exchange using the Promo Code VAL225, bet at least £20 on the exchange and get a £20 free exchange bet. The Betfair Exchange is different because you’re betting against fellow bettors so you can get better odds, set your own, sports trade and even lay a bet.
Pros and cons
How To Claim £20 Betfair Exchange Bet:
- Click CLAIM YOUR £20 Exchange Bet NOW! to go to Betfair
- Register an account using the promo code VAL225
- Deposit a minimum of £20
- Verify your phone number by SMS
- Place an Exchange bet of £20 or more
- If your first bet loses, you will get money back as cash up to £20
Bets placed on the Sportsbook will not count towards the promotion.
Use this offer to bet on the Exchange market, not including: Horse Racing, Outright, Spread, Asian Handicap or Line markets.
Betfair members can back and lay bets with each other on the Exchange and Betfair takes a commission from the winner for facilitating the bet. Members can choose to Back or Lay a selection on any sport on the Exchange or back Fixed Odds on the Sportsbook for no commission where Betfair is the bookmaker.
Betfair’s Exchange 3 Different Packages
As well as this, there are many more perks to joining the Betfair Exchange, with punters eligible to select one of three different packages to boost commission.
The packages available to punters are highlighted below, alongside what you get from them:
- 10% refund on losses
- £10 free accumulator bet
- 25 free spins
- 2 free plays on Beat The Drop
- 8% commission to pay on winning Exchange bets
- £5 free accumulator
- 10 free spins
- 1 free play on Beat The Drop
- 5% commision to pay on winning Exchange bets
- No promotions
- No best odds guaranteed on sportsbook racing
- 2% commission to pay on winning Exchange bets
It’s always worth reading the terms and conditions of each package, which can be done upon sign up. This way you can determine exactly which package is the right one for you.
Betfair is the world’s largest international online sports betting provider and pioneered the first successful betting exchange in 2000.
Since then, Betfair has grown to become the biggest provider of online sports betting in the world. Betfair has more than 2000 employees around the world and the company was floated on the London Stock Exchange in 2010 with a valuation of £1.4 billion. In addition to peer-to-peer exchange betting, Betfair operates Sportsbook, Poker, Casino, Bingo and Games sites, delivering its products to 3 million customers.
Betfair Exchange Offers And Promotions
Betfair’s biggest selling point is that the odds available on the Exchange can be considerably higher than those available from bookmakers.
This is achieved because Betfair acts as a facilitator between customers wanting to bet with each other with layers free to offer any odds they like.
For the service they provide, Betfair takes a commission of the winnings from the winner of every bet placed. Betfair’s commission rates start at 5% and are reduced on a sliding scale for frequent users.
Alongside this you’ll also find a number of other promotions available within the Betfair Exchange with many additional Cheltenham betting offers open to all eligible existing customers in February and March.
Money Back as cash if your horse goes odds on in-play and loses
At present you’ll find offers across a number of different sports, with your money back as cash in a brilliant horse racing promotion.
If your horse goes odds-on in play and your bet then loses, the Exchange will return your stake as cash up to a maximum of £10. You’ll also find a number of best odds offers, including best odds guaranteed on both cricket and rugby, as well as horse racing and some great value on golf wagers.
Refer your friends & get up to £100
As well as offers on bets, you’ll also be able to earn up to £100 in free bets by referring a friend to the Betfair Exchange!
T&Cs Apply to all offers.
The odds available in many Betfair betting markets are often bigger that those offered from other bookmakers with the larger differences on the bigger priced selections. When commissions are taken into account, there is often little difference between Betfair odds and the best available bookmaker’s odds, more so on the popular, shorter priced selections.
There can be some exceptional value found on the Betfair exchange and often markets will come close to 100%.
Betfair has an excellent free bet offer for new customers and has run the occasional introductory discount offer to promote new products such as Tote betting and the introduction of horse race multiple bets.
How Does the Betfair Exchange Work?
The Betfair Exchange works by allowing customers to bet against each other. Unlike a traditional bookmaker where a punter plays against the bookie, it essentially works as a stock exchange type system in which there are two sides of a bet.
On the one hand you can bet on an outcome to occur (a back bet), and on the other you can bet on it not to occur (a lay bet). In order to do this, both parties must agree odds that a particular event will or won’t happen. The bet is then placed and the winner is the punter who correctly predicts the outcome.
Many people use Betting Exchanges due to the fact that the punter sets the odds and therefore you can get much better value than with a traditional bookmaker.
How to Make Money From the Betfair Exchange
You have a much better chance of making money from a betting exchange as you essentially determine the odds in which you want to play. As long as they are then matched, you’re in with a good chance of winning a good value bet.
One way many people use Betfair Exchange to guarantee profit is by using a matched betting system, which requires placing a back bet with a traditional bookmaker, and a lay bet with the Betfair Exchange. This is done to cover both sides of a bet, giving yourself favourable odds in the exchange and thus guaranteeing a profit no matter what the outcome.
What is the Betfair Exchange Commission & How is it Calculated?
Betfair commission is at 5% and is the market base rate. Dependent on the bonus package you take upon sign up, which will often lower your commission rate, you will begin playing with 5% commission rates, payable to a bookmaker when you win a back or lay bet.
It’s simple to work out, and all you need to do is multiply your winnings by the commission rate in order to discover how much you’ll pay Betfair.
Betfair Exchange Discount Rates & Points
Over time, Betfair Exchange will lower their commission rates to loyal customers however, offering discount to frequent players.
This is done by awarding points every time you place a bet, with commission discounts then applying once you have earned a set number of points. You earn 1 point for every 10p of commission you pay (or would have paid if you lost), with the build up eventually being rewarded by the exchange.
Betfair Exchange Betting Opportunities
Betfair undoubtedly offer the broadest range of betting opportunities available in one location and has introduced many new markets in particular, the hugely successful “in-running” markets.
Betfair cover the major sports in much more depth than other online bookmakers and even set up markets for such diverse sporting interests as floorball and martial arts.
The success of each market lies in the liquidity or money available and it is not unusual to see Betfair markets distorted due to the lack of people prepared to offer money to back or lay.
Betfair Exchange Design And Layout
Betfair has made a huge commitment to continually invest in the technology to support its site and meet the demands created by thousand of users requiring continuous real time updates. As a result Betfair can proudly boast a very fast and secure website to place financial transactions.
The basic appearance of Betfair’s website has changed little since it was first launched following the standard navigation method with the side bar on the left and sub menus opening with a click.
The Betfair site can be customised in a variety of ways to suit the user’s preference and speed access to favourite sports or markets and even to allow unmatched bets to be automatically offered in-play. Betfair has the site laid out in logical fashion to make it easy to follow and there are quick links to the more popular areas of the site.
Betfair Exchange Website Navigation
Betfair has a standard navigation method using tabs and the side bar, but with such a deep site Betfair have provided some great short cuts to help find what you need quickly. Betfair users can search markets to find all the available markets fitting the search criteria very quickly.
Create your list of favourites on Betfair to store in “My Markets” or use the drop down menus to swiftly drill down to any of the vast number of markets available for each sport.
Horse racing is still very important to Betfair and the “Next Horse Race” tab is displayed prominently throughout the site.
Choose any sport and the currently active and next to start Betfair markets are at hand.
Betfair accepts payments by cheque , Bank Transfer , Moneybookers , PayPal , Western Union and from the following cards;Visa, Visa Electron, Visa Delta, MasterCard, Maestro, Solo, Laser, Mastercard (Debit). Currently Betfair accepts payments in the following currencies; UK Sterling, Danish, Krone, Norwegian Krone, Swedish Krona, Singapore Dollar, Euro, US Dollar, Hong Kong Dollar, Australian Dollar, Canadian Dollar.
Betfair Exchange Mobile Betting
Betfair was the first main internet gambling website to provide a dedicated iPhone application and followed up with a similar application for the iPad, both of which can be downloaded free from the iTunes store.
Android users can also download a dedicated mobile app for their device and most Blackberry phones are supported with a mobile version of the site.
Betfair Mobile has a Java application that can be downloaded and used on many internet enabled mobiles and the website provides a list of compatible devices.
Betfair Exchange Live Streams
Betfair offer an excellent range of live video streams which are free to watch and include European and international football, tennis and many other sports. As long as you have funds in your Betfair account you will be able to watch any of the live streaming sports via desktop, tablet or mobile.
Betfair require users to have a matched bet to the value of at least £5 to watch live UK horse racing events and there are plenty of trading opportunities as the action unfolds on the exchange, right up until the final result.
Audio coverage is provided for horse racing which can be accessed from the market for each race.
Form And Stats
he Betfair site provides a wealth of news, form, results and statistics for UK horse racing including a Timeform summary for each race with additional comments and ratings available for purchase.
Betfair also provide fixtures, results, team information and flexible statistics for a wide variety of sports including football, baseball, basketball, cycling, darts, floorball and Aussie Rules Football . Live Score updates are available on the Betfair website which also features a very active forum and popular betting blogs.
Betfair Exchange Customer Service
Betfair provide customer support via Help and hint tabs throughout the site. Betfair have an in-depth search and FAQ facility and have an undertaking to respond to email queries in 4 hours.