Betfair is the pioneer of the peer-to-peer betting exchange which allows members to place bets with each other, a concept that proved popular enough to make Betfair the world's biggest online sports betting provider and a favourite at Freebets.com.
Betfair also operates Poker, Casino, Bingo and Games websites and has now launched a brand new Sportsbook. Betfair's role on the betting exchange was that of facilitator, providing a platform for members to bet with each other.
Now Betfair dons the mantle of bookmaker offering members the option of taking fixed odds on many of the markets available on the exchange.
The benefit to members is guaranteed liquidity, no commission on winnings and ability to back selections in multiple bets like doubles, trebles, accumulators, yankees etc.
The sportsbook prices are found on Betfair markets and where available are labelled Fixed Odds as an option alongside the Exchange Odds tab.
Betfair Sportsbook Offers and Promotions
Another benefit of the sportsbook is Betfair can now offer more incentives and offers to members taking fixed odds. Betfair welcome new players with a bet £10 get £30 in free bets and new customers can Use the green "Claim Now" link on this page to go straight to Betfair Sportsbook and claim their offer.
Since Betfair becomes the bookmaker it can now add bonuses to winnings from multiple bets and refunds on losing stakes on popular markets like Goal Scorer and Correct Score bets on televised football games. The company has wasted no time in providing Fixed Odds plates with offers with Cashback Specials and bonuses like Acca Insurance on football and money back specials on horse racing plus bonuses added to successful multiples on US Sports, like American Football, Baseball, Ice Hockey and Basketball.
One of Betfair Sportsbook's most popular promotions is Cashback Extra which enables the punter to choose from five refund triggers on selected football, horse racing, rugby and golf events. Customers can tailor their own money back offer by picking the trigger they think will be most likely to occur.
Betfair Sportsbook Odds and Markets
Betfair is renowned for the vast amount of markets available on the betting exchange. However, some are not suited to fixed odds betting in the traditional bookmaking sense with the result that not every market offers the option of Betfair Fixed Odds. However, the choice remains extensive with Betfair Fixed Odds available for every major sport and many minority sports too. The range of markets on sports events is extensive enough to meet the needs of almost every sports bettor.
The Betfair website was built from the ground up with revolutionary software designed for the betting exchange. Betfair has adapted this to create a sportsbook by adding the choice of Fixed Odds or Exchange Odds on those markets where both options are available. Customers simply choose the relevant tab to display the odds.
Betfair's site can be customised in a variety of ways to suit customer preference and speed up access to favourite sports or markets. Betfair has the site laid out in logical fashion with typical navigation using tabs and the side bar which makes it easy to browse with quick links to the more popular areas of the site.
Betfair provide an excellent range of live video streams which are free to watch and include European and international football, tennis and many other sports. Betfair require users to have a matched bet to the value of at least £2 to watch live UK horse racing.
Punters can cash-out early to guarantee a return on live events by taking the current price offered by Betfair Sportsbook before an event has concluded. This feature is also available on football accumulators and can in some cases return a profit even when not all of your selections are winning, while horse racing punters can also cash out on multiples in-between races.
Betfair was the first main internet betting 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. An Android app is available from Google Play and other internet enabled mobiles can access the mobile version of the site using the internet browser.
Betfair 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.
Betfair accepts payments by cheque , Bank Transfer , Moneybookers , PayPal , 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, and Canadian Dollar.