Betfair are the world’s biggest and most popular betting exchange, providing punters with a great alternative to traditional sports betting since 2000.
Today, this is one of the UK’s largest and most reliable online gambling companies. In addition to the Exchange, it hosts a top-notch bookie, a great selection of casino games, poker, bingo and a lot more.
What do you need to know before signing up? Read our Betfair review and find out.
- Excellent odds
- Biggest betting exchange in the world
- Great features and promotions
Up to £100 in free bets
How To Join Betfair?
Opening an account at Betfair is simple and takes a few minutes.
Here is the step-by-step procedure:
- Open the Betfair homepage and click on Join Now
- Enter your details (name, email, phone number, country, postcode etc.) and set a deposit limit amount and frequency
- Betfair will send you a verification code on your mobile.
- Follow the steps to verify your account. Note that verification could take up to 72 hours.
- Add funds to your account and start playing.
Betfair Bookmaker Review
Betfair’s sports offer is incredibly diverse. Punters can bet on 28+ sports at the sportsbook and the Exchange, including
|Rugby Union||Australian Rules||Baseball|
Not only is the number of sports available impressive but the variety of markets is nothing short of sensational. Betfair has over 500 markets on football alone, ranging from classics like correct score and over/under bets to cards & corners and handicap betting.
On top of a vast selection of markets, Betfair grants great odds, usually much better than its competitors—another reason why it is considered one of the best online bookies in the UK.
If you can’t find a market you want to bet on (which is next to impossible given Betfair’s offer), you can always use the Bet Builder to create your accumulator by combining several markets from one match or request your own odds with Betfair’s #OddsOnThat via Twitter.
For fans of quick bets and live events, take a look at Betfair’s virtual sports section that covers football, motorsports, and horse and dog races. Like most of the best virtual sports providers, the site hosts events almost every minute and gives great odds.
That said, Betfair’s virtuals offer is not as extensive as what you might find with other sportsbooks.
Unlike most bookmakers who only offer outright betting on eSports tournaments, Betfair takes wagers on more obscure markets such as the number of towers destroyed per map in League of Legends or map winners in Counter-Strike: Global Offensive competitions.
Betfair also has a huge market for entertainment betting, including placing wagers on which film will win at the Oscars or who will be chosen as the next James Bond.
Betfair has dedicated pages to in-play betting both with the Exchange and the sportsbook, complete with quality live streaming of most events.
Punters can bet live on the following sports:
- Ice hockey
- Rugby Union
- Gaelic games
- Table tennis
Not only are odds updated every few seconds, but Betfair has some of the best live odds in the business. Combined with an excellent Cash Out feature (on desktop and mobile) and intuitive interface, Betfair’s in-play section is only rivalled by the live betting offer of bet365.
Betfair Casino Review
Betfair also houses a great remote casino powered by the best providers in the business, such as Playtech, NetEnt, Red Tiger Gaming and more.
In terms of games, the following are available:
- A huge library of slots, including super-popular Book of Dead, Starburst and Age of Gods
- Roulette (European and Betfair’s original versions)
- Blackjack: Betfair has 11 variants on offer (excluding the Live Casino)
- 19+ Slingo games
- Table games like Hi-Lo and Baccarat
On top of these, there is an impressive Live Casino which features live dealer versions of Roulette, Baccarat, Blackjack and Game Shows.
Still, if top-of-the-line casino experience is what you’re after, you might find a better offer from Betfred.
Betfair Casino Exchange Games
One of the site’s more unique features are the Exchange games allowing you to watch live table games and decide which hands to back and lay against. If you ever wanted to feel like being on the side of the house, this is your chance.
Betfair Poker & Bingo Review
Even though you can find poker games in the Casino section, poker fans should head straight to Betfair’s dedicated poker page for a truly immersive experience. All you need to do is download the software and start playing one of the ten poker variants on offer. Betfair runs daily tournaments with prize pools reaching almost £200,000 as well as live feeds of all big poker events, including the WPT and WSOP.
Bingo is also pretty big at Betfair—the site boasts a total of six bingo rooms, plenty of popular games and great bingo bonuses. It also has low wagering requirements of just 1x and a low 5 pound deposit.
Betfair Bonuses and Promotions
- Casino bonus: 50 free spins (no wagering)
*New Casino Customers Only. Free Spins on selected Betfair Casino Games. Free Spins valued at 10p & valid for 7 days after acceptance. T&Cs apply.
- Exchange bonus: Free £20 free bet
*New customers only, max £20 cash refund. Bet must be placed in first 7 days of account opening. Payment restrictions apply. T&Cs apply.
- Sportsbook bonus: Up to £100 in free bets
*New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. Payment restrictions apply. T&Cs apply.
Other bonuses and promos
Betfair has tons of promotions for existing players. At the time of writing, the site offers My Oddsboost daily tokens on horse and greyhound racing and a £5 free bet when you wager £20 on multiples or bet builders.
There is also a £10 cash reward for each referral you make, limited to five referrals.
Betfair regularly updates their promotions, so be sure to take a look at their Bonuses page for more information or go to My Bonuses to see which you are qualified for. Bonuses will be used automatically when you place a wager, i.e. before any funds are taken from your account.
Betfair has a rewards scheme whereby punters earn points each time they bet on the Exchange. Points are not awarded if you bet with the sportsbook, though.
Other gambling sites offer more in the area, so if you want to get a true VIP experience, take a look at 10Bet’s loyalty program.
Is Betfair Easy to Use?
Betfair is accessible on mobile and desktop. What’s more, the company has a total of five apps available for Android and iOS users, i.e. dedicated apps for the sportsbook, Exchange, casino, bingo and poker.
It may be slightly annoying to have to go from one app to another to use all of Betfair’s services, but the applications are fast, reliable and intuitive. Best of all, they come with all the features of the desktop version and a few unique ones too, which more than one Betfair app review out there appreciates.
Ease of use
The desktop edition can feel a bit cluttered even though all services have dedicated tabs. Nevertheless, sports and games are easily accessible, so even novices to gambling won’t have an issue finding their way around.
Once you click on an event or game, you will see a detailed guide giving you pointers and tips. Although quite helpful, if you want more insightful stats and facts on each match, head over to Unibet.
The rest of the design is pretty standard. The About Us, Licences and Responsible Gambling sections are all at the bottom of the page, where you will also find a button changing the format of odds from decimal to fractional.
Deposits and Withdrawals at Betfair
Betfair accepts most banking methods and e-wallets.
Here is a breakdown of minimum deposits and maximum withdrawal times for each payment method
|Minimum deposit||Time||Max withdrawal||Withdrawal time|
|Mastercard||£5||Instant||£20,000||2-5 working days|
|Visa||£5||Instant||£20,000||2-5 working days|
|Neteller||£10||Instant||£32,500||2-5 working days|
|Skrill||£10||Instant||£32,500||2-5 working days|
|PayPal||£10||Instant||£6,000||2-5 working days|
|Bank Transfer||£5||3-5 working days||£100,000||2-5 working days|
There are no fees associated with making a deposit or withdrawal with Betfair, although sometimes additional charges may apply. Still, if it comes to that, the Betfair team will first ask for your permission before continuing with the withdrawal process.
The Fast Funds feature (made available in 2020) is a convenient update, which allows transferring funds from Betfair to the bank account through Visa Debit & Prepaid cards instantly. You could also opt to withdraw your funds as a gift card with Betfair’s Prizeout feature.
Betfair has a decent number of banking options available, but if you can’t find your preferred payment method here, take a look at 888Sport, which has over 20 payment options available.
Betfair Security and Regulation
Betfair is one of the most trusted bookies in the UK.
It holds licences issued by the UK gambling commission, under account number 39439, 39435, 39426, and 39411. It is also licensed by the Malta Gambling Authority, under Licence Number MGA/CRP/131/2006.
To ensure complete privacy and safety of their customers’ data, Betfair uses 128-bit SSL encryption and is certified by the international Accredited Testing Facility TST. It is also certified by eCOGRA to ensure that all games are 100% fair.
Betfair Customer Support
Betfair performs exceptionally in terms of customer support, exceeding every expectation by offering on-time support in various languages.
You can contact the Betfair team via:
- 24/7 live chat
- Social media (the official Betfair Facebook channel and official “Betfair CS” Twitter page)
There is an extensive Help section as well that will provide answers to all your questions.
Wrapping it Up
Betfair has something for every player with its truly comprehensive offering of sports betting, table games, live dealer variants, and the Exchange, which gives punters the unique opportunity “to be the bookie”.
Add responsive mobile apps, great promotions and low deposit requirements, as well as a wide range of betting markets and competitive odds, and it becomes clear why Betfair is one of the best gambling sites in the UK.
What is Betfair’s maximum payout?
Betfair’s maximum payout (per day) depends on the type of market and sports and may vary from £100,000 to £1,000,000.
Does Betfair offer free bets for new customers?
Yes, new accounts can get a £20 free bet on the Exchange and up to £100 free bets with the sportsbook. T&Cs apply, so make sure to read them before making a deposit.
Is Betfair legit?
Yes, Betfair has been a part of the UK gambling industry for 20 years. It holds licences in both the UK and Malta.
How long does it take Betfair to payout?
Withdrawal times vary according to your payment method. To find out how long it takes to get your winnings, look at the table in the Deposits and Withdrawals section of this Betfair review.