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Betfair Australia Review

The World’s Biggest Online Betting Exchange

Since it was launched in 2000, Betfair has changed the betting industry by allowing punters to bet directly against each other. It has become the most popular and largest online betting exchange platform in the world. Betfair Australia currently provides an attractive sign-up bonus of up to $500 to the value of your first deposit.

 

Table of Contents

Betfair Overview

Betfair Sign-Up Bonus

Betfair Australia Details

Betfair Markets

Betfair App

Betfair Live Streaming

Betfair In-Play Betting

Betfair Restrictions

Betfair Pros and Cons

FAQs

Conclusion

 

Betfair Overview

As mentioned, Betfair was first launched in 2000 by Edward Wray and Andrew Black when they decided to build a new and better way for punters to place their bets on popular and widely favorite sporting events and matches. And while most bookmakers are the one setting the odds for every match and event, the founders of Betfair aims to put that decision in the hand of punters or bettors.

Betfair has largely focused its efforts on gambling markets in the UK and Europe, where soccer is not just a popular sport for sports fans but in the betting world as well. Betfair has two gaming licenses, one of the UK and the other is from Malta, which proves that the company is one of the most reputable there is in the gaming industry.

In particular, the license from the UK Gambling Commission is one of the hardest licenses to get with all the requirements and due diligence that needs to be completed. One of the main requirements is that the site has to be highly secure, especially when it comes to the money of users.

Betfair was taken public and listed on the London Stock Exchange in 2010, which allowed the business to significantly increase its capital and further strengthen its hold as a giant in the gaming space.

In 2014, Betfair was among the few online gaming platforms to gain a license that allows them to operate in New Jersey, one in the small list of US states that allows internet gambling, although with a regulation in place. Although the license only covers the casino part of Betfair, it has been a strong foothold for the company as it tries to enter back into the US gaming market.

Betfair also announced on February 2,2016, that it is going to join forces with Paddy Power, an online gaming giant in Europe. With the merger, the net result is being the largest company on any regulated online gaming company in terms of revenue.

 

Betfair Sign-Up Bonus

New customers who join Betfair get a sign-up bonus of up to $500. The bonus is awarded by giving you a 20% boost on each winning bet you get for the first seven days. The bonus is provided to each customer up to a maximum of $500. However, the Betfair bonus is not available to residents of NSW, WA, VIC, and SA.

 

Betfair Australia Details

Betfair is owned by Betfair Group Plc, a UK company founded in 1999. It began its online betting exchange activities in 2000. Betfair is quite unlike other online bookmakers such as Ladbrokes and Bet365 because they are a betting exchange platform where customers choose whether to bet on a given selection or act as a bookmaker and create their selections instead. In a betting exchange, the members set odds for an event while others place bets on those odds. You act either as a punter or a bookmaker. Here are some of the key details about Betfair:

  • Deposit options: Credit or Debit cards, Skrill, Neteller, BPAY, Bank transfer, and POLi
  • Withdrawal options: Skrill, Neteller, Bank transfer
  • There are no transaction fees
  • Currencies accepted include AUD, EUR, USD, GBP, CAD, DKK, HKD, SGD
  • Languages: English, Deutsch, Spanish, Italian, Norsk, Polish, Turkish, Portuguese, and many more
  • Odds format: Decimal
  • Minimum bet: Online exchange bets $5.00 and $5.00 for bets placed over the phone
  • Mobile version and app available too
  • No Inactive Account Fee for Australian customers

Betfair Markets

Betfair provides Australian customers with a wide range of sports to wager on. Their exchange platform features both pre-match and in-play selections of the most popular leagues across the world. You’ll find every league, tournament and sporting activity at Betfair, from the AFL, A-League, NRL, and Super Rugby to horse, harness, and grey hound racing. All the popular international leagues such as the English Premier League, La Liga, Serie A, NFL, MLB, NHL, and tennis tournaments are prominently covered in Betfair.

 

Betfair App

Betfair provides its customers with a functional mobile app to help them in their betting and trading activities. In fact, there are several apps for both Android and iPhone mobile platforms that allow customers to bet and trade on the Betfair platform with much ease. The apps can also help you to find value opportunities provided on the Betfair markets. Find an app that suits your betting or trading needs on the Betfair App Directory. You can search by category, platform, sport or price.

 

Betfair Live Streaming

Betfair provides customers with live streaming of selected events via Betfair Live Video. To enjoy live streaming, you’ll need to fund your account first.

 

Betfair In-Play Betting

Betfair features an in-play betting section, which is one of the most impressive aspects of its website. This service offers customers everything they will ever need to ensure a seamless and intuitive experience when betting or trading sports live.

The in-play betting service can easily be accessed by simply going into the main page of the site and clicking on the match or event in question. From there, you will find all the odds, which usually changes as the match or event progresses.

The odds for every match and event automatically refreshes every few seconds, which is much easier for punters to keep track of markets. The in-play betting and trading in Betfair is a well-loved feature for a lot of professional gamblers online. It is considered as a money-making platform, and one of the best in the world of sports gambling.

And while this service is great when gambling and trading through your desktop, it is also accessible while you are on the go through the Betfair mobile app.

 

Betfair Restrictions

With the two licenses that Betfair holds from two gaming jurisdictions, there are a couple of restrictions that come with it, mainly regarding who can access the games they offer. The current list of restricted countries in Betfair includes Afghanistan, Antigua and Barbuda, Austria, Angola, China, Canada, Czech Republic, Spain, Algeria, France, Guam, Greece, Guyana, Israel, Hong Kong, Iran, Iraq, Japan, Portugal, Singapore, Puerto Rico, United States, Turkey, Zimbabwe, and South Africa.

However, this list is constantly changing, which largely depends on the boundaries that the regulatory boards are trying to impose.

 

Betfair Pros and Cons

Pros:

  • A betting exchange where you can bet for or against the possible outcomes
  • They have great tournament futures betting
  • They cover a wide range of sports
  • They are the only betting exchange licensed in Australia
  • They provide a wide range of Australian racing markets
  • Have a community forum
  • Have excellent Betfair promotions and bonuses

Cons:

  • No live online betting due to restrictions by the Australian law
  • It is a rather complicated platform and not very beginner-friendly.

 

FAQs

  1. What is the Betfair VIP Program, and is it worth it?

Betfair has a VIP program, which is available in three levels and each has their list of benefits. But whatever level of the VIP Program in Betfair, the company offers a lot of perks and access to VIP events that their VIP players can attend such as the British Grand Prix, Royal Ascot, Cirque du Soleil, International Rugby, Monty Python Live, Champions League Final, El Clasico, Cheltenham Festival, NFL International Series, and ATP World Tour Tennis.

  1. What is the Comp Program in Betfair?

The comp program in Betfair casino is managed by Playtech, and the terms surrounding it are very straightforward; customers will earn one to three comp points for every wager in the casino worth $10. Their comp points can be redeemed with a rate of 100 comp points to $1.

  1. How can I reach customer service if I have questions?

The casino gives customers all the ways to contact them. Their customer support can be reach through Live Chat, telephone, email, Facebook Messenger, and even Twitter.

Conclusion

Betfair online betting exchange makes it possible to bet both for and against possible outcomes, which makes hedging extremely easy. It is a great platform for tournament betting. They also have a good Betfair sign up bonus structure that you can take advantage of to place more free bets.

 

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