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BETFAIR - betting company review
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A betting exchange is a marketplace for customers to bet on the outcome of discrete events. Betting exchanges offer the same opportunities to bet as a bookmaker with a few differences. You can buy and sell the outcome, you can trade in real-time throughout the event and you trade out to cut your losses or lock in profit. Bookmaker operators generate revenue by offering less efficient odds. Betting exchanges normally generate revenue by charging a transaction fee.
Betfair Group plc is the world's largest Internet betting exchange. The company's headquarters is located in Hammersmith in West London, England. Since 9 March 2011 Betfair has operated its betting exchange under a Gibraltar licence.
The company was founded in 2000 by Andrew Black and Edward Wray. Softbank purchased 23% of Betfair in early April 2006 valuing the company at 1.65 billion euros. In December 2006, Betfair completed the purchase of the horseracing publishing company Timeform (which traded under the name Portway Press Ltd). In March 2007, Betfair launched its own Betfair Radio service, available via its website, on the telephone and elsewhere. This has now become Timeform Radio, broadcasting horse racing commentary and results.
Company reported 543.16 million euros revenue in 2014, operating income 85.01 million euros and 70.4 million euros net income.
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Live:  Mobile:
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Availability: Click on image for detailed map.
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Minimum Bet: $1.00
Currencies: EUR, GBP, USD, AUD, CAD, CHF, DKK, HKD, JPY, SEK, SGD
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Payment Options
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| Payment |
Deposit Min |
Deposit Fee |
Withdraw Min |
Withdraw Fee |
| VISA MasterCard |
$1.00 |
Free |
$1.00 |
Free |
| PayPal |
$1.00 |
Free |
$1.00 |
Free |
| Wire Transfer |
$1.00 |
Free |
$1.00 |
Free |
| Moneybookers |
$1.00 |
Free |
$1.00 |
Free |
| Web Money |
$1.00 |
Free |
$1.00 |
Free |
| Paysafecard |
$1.00 |
Free |
$1.00 |
Free |
| Sofort |
$1.00 |
Free |
$1.00 |
Free |
| Ukash |
$1.00 |
Free |
$1.00 |
Free |
| Paybox |
$1.00 |
Free |
$1.00 |
Free |
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Bonuses and Offers
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New customer Bonus upto $2000
The stance at Betfair is clear regarding Poker Sign-up Bonuses. The more you play, the more we pay - take your New Customer Bonus now.200% 1st Deposit bonus up to $2000 is available only to new Betfair Poker customers (or customers who joined after 9th January 2013).Every time you generate rake in a cash pot or pay a tournament entrance fee you'll generate VIP Poker Points (VPP's), ultimately releasing chunks of cash from your $2,000 bonus! Click here for Betfair Poker Bonus: $2000 Poker Sign up Bonus
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Sign-up bonuses are available for new players only. Company can ask you for passport scan when money withdrawal. So be careful during registration and make sure your name and address is spelled properly. Incorrect data means you are a cheater so your account will be frozen and money lost. |
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Contacts
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UK: 0844 871 5000
Ireland: 1800 719 915
Australia: 132BET (132238)
Betfair Customer Service, Icon One, Lytton Way, Stevenage, Hertfordshire, SG1 1AG, United Kingdom. |