Betfair
Betfair was established in 1999, become the Worlds leading betting exchange and revolutionized sports betting in the process. With over a 3 million punters currently using Betfair the website is certainly a hive of activity.
Betfair operates very differently from the tradtional bookmakers. Basically, you offer the choice of odds you want to other people, and they in turn choose whether to take your offer or not. In a sense, it is a Punter vs. Punter, and not Punter vs. Bookmaker. This gives you better odds since it cuts away the middleman. If you want the best odds around, sign up with betfair!
Betfair allows punters to bet at the odds set and requested by other users rather than odds set by the traditional bookmaker. In this situation gamblers can place ‘Back’ bets and ‘Lay’ bets.
Back Bets – the traditional bet – betting on a selection to win
Lay Bets – betting against the selection, that the selection will not win
Punters therefore offer odds for other punters to take up. By eliminating the bookmaker from the equation the bookies margin is lost and so this is why you often get much better odds at Betting Exchanges like Betfair. It can sometimes be said that a Betting Exchange is a bit like a stock exchange in that the bet and lay options are similar to the buying and selling of shares. Betfair charges a small commission for this service but the odds users get are still much better on average.
Payment Methods for Betfair
* Credit cards (Visa, MasterCard, Diners…)
* Debit cards
* Bank transfer
* Moneybookers
* NETeller
* Western Union
Minimum deposit is 15€ and after few seconds you would be able to bet. You can any time withdraw from Betfair by different methods of withdrawing.
Bonus
2) Enter “WW6HCCJHF” in the ‘Refer a friend code / promotion reference’ box
3) Register a valid debit or credit card to make deposits (min £10) and withdraw your winnings
4) Bet at least £10 in one bet or a series of bets within 14 days of joining. You’ll receive your free £10 within 24hrs of your bet(s) being settled, win or lose
