BETFAIR.COM: JOIN BETFAIRS EXCHANGE BETTING REVOLUTION TODAY!
Betfair offer odds to others: If you can't pick a winning horse/team, then pick a loser. Offer odds to others against an outcome.
Lively markets at Betfair.com: Betfairs exchange offers the widest range of in-running markets. On many, Betfair match more after kick-off / the race starts and with Betfair live price/time reporting you have more information on which to back your judgement.
What is Betfair?
All bets on Betfairs exchange have been placed there by users who either want to have a bet in the normal way (back), or offer odds to other punters (lay).
Bets at Betfair.com are matched between people with opposing views.
Differences between betting with Betfair vs. a conventional bookmaker:
• You can back or lay a bet at betfair.
Back or lay
When you "back" a selection at Betfair.com (be it an individual, a team, horse, dog or other), you are betting that it will win. This is just like betting with conventional bookies.
When you "lay", a selection at Betfair.com you are betting against it winning. For example, if you're betting in a market on which team is going to win the Premiership and you lay Man Utd, you offer odds to other punters who wish to back Man Utd. If Man Utd don't win, then you pick up the backer's stake. If Man Utd win, then you pay out. This is what bookmakers traditionally do.
At betfair.com you never know who you are betting against, your privacy and the confidentiality of your bets is maintained by Betfair's secure site.
With Betfair.com there is always a choice of what odds to accept. If you want better odds than are currently available, you can place an order for a better price, but be realistic because there has to be somebody prepared to lay the bet at those odds, and vice versa.
Take a look at the betfair.com to see the odds before a game and you will see them change as betfair visitors back and lay their bets. The odds often improve nearer to the off, as there are more people in the market.
You do not pay tax at Betfair, and commission is only paid on your net winnings on each market. This is particularly beneficial if you have multiple bets on a single market such as the Premiership Winner market. Some of your bets may win, some may lose, however you only pay commission on your NET winnings. If your bets in a particular market amount to a net loss, you do not pay commission.
Betfair offer a customer incentive scheme. Your commission rate is set according to how much you use Betfair.com
Fees for transferring funds to and from Betfair
To reflect Betfair's own charges, there is a 1.5% fee for all credit card deposits. There is NO fee for UK debit card deposits or withdrawals to any card. Deposits and withdrawals can also be made by cheque and bank transfer - there is a small fee for bank transfer withdrawals only. These fees are made by betfair's bank and are not retained by Betfair.com
Who is behind Betfair?
Betfair is the trading name of The Sporting Exchange Ltd.
The Sporting Exchange Limited is registered as a limited liability company in England and Wales, company number 3770548. The registered office of The Sporting Exchange Limited is at:
The Sporting Exchange Limited was founded in August 1999 by Andrew Black and Edward Wray in order to commercialise proprietary betting technology that had been under development for the preceding year.
The technology used by The Sporting Exchange Limited is proprietary and, as well as being protected by copyright, is the subject of a patent application that has been filed with the United Kingdom Patent Office.
The Sporting Exchange Limited is located in the United Kingdom and operates within the confines of the Betting, Gaming and Lotteries Act 1963. It holds a bookmaker's permit in England and Wales.
For any enquiries concerning the company please go to the Contact us section.
Is betting with Betfair safe?
• Your full card details are encrypted and sent over the internet only once - when you register your card.
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