Betfair is one of the largest betting websites on the web. They are firmly the largest betting exchange online today, with no other site even close. BetFair is regularly at the top of the list for best-betting sites online, which comes as no surprise to us.
Betfair was launched in 1999 . They pioneered the idea of the betting exchange, allowing customers to wager at odds set by themselves or by other players.
In September 2015, BetFair and one of its largest rivals, Irish-based bookmaker, Paddy Power agreed to terms for a merger. On February 2, 2016, the merger was completed, and Paddy Power Betfair was formed.
The acquisition was reported as Paddy Power acquiring BetFair. Paddy Power Betfair is owned 52% by Paddy Power shareholders and 48% by Betfair shareholders. The business is traded on the London Stock Exchange.
Paddy Power and Betfair still operate as separate brands in a number of countries, including the United Kingdom, Ireland, and Italy. The company is based in Dublin but have offices in several countries.
Betting markets and odds quality
There is such a tremendous variety of odds and market options across both platforms that Betfair have running that you are loaded up with quality in both departments. The beauty of the exchange is that if you can’t find a price that you like for a wager, then you can set your own and as long as someone matches it, it will be active.That is what peer to peer betting is all about, finding value and there is stacks and stacks of it at Betfair.Because of backing and laying on a market you can create a green book which means that no-matter what the outcome of the event is, you will still win. So whether it is looking on the exchange or looking at the traditional sportsbook that they have running, you are going to find the market odds and quality.
The important thing to remember is that Betfair don’t act like a traditional bookmaker on the exchange in terms of taking a bookmaker margin, so there’s not that middle man factor there. Instead you pay a commission on your bets, which punters generally find to be a lot more favorable. There are so many plusses to sitting down and thoroughly investigating the betting exchange platform and one of them is value which is, probably the most important thing about betting that you should be focusing on.Directly Commision on winnings runs about 5%-7% however If you use directly from betAC you have 3.5% fixed commission !! .You can also find plenty of non-sports markets like financials at Betfair as well.
You have in-play betting available at online betting site Betfair and this is both on the exchange and sportsbook. So you have tremendous options throughout and stacks of value again you are looking at.Just by the nature of the betting exchange, it fits in perfectly with live in play betting.You can track the prices of a selection and this importantly is where a lot of punters will create that green book. If you have a wager on Man City to beat Stoke for example, but Stoke take an early lead, you could lay Man City with a live bet so if they win or lose you won’t lose out. This is all based on pricing of course, because the value of either outcome has to cover the loss of stake on the other one. You will see prices fluctuating quickly throughout the live in-play betting section and again you can place your own. Everything is presented very clearly, although it may take some getting used to for first time punters because there is a lot to absorb.
Extras & features
The betting exchange itself is the big feature of Betfair. It offers so much control on your betting and fortunately there are great help guides and videos there to help you learn the system, along with a user forum as well, which is well worth dipping into because punters like to give advice. If you can master the betting exchange you will probably find it one of your first stops on your betting routine. It makes betting life very easy and you can of course just jump right in and back or lay a selection. It’s worth spending some time at.
Betfair do run a cash out feature and it is available on accumulators as well.This is another dimension of their quality and service through their sportsbook and maintains some control therefore you as well. It’s a great service and they have a great product called the Acca Edge. After building a wager, you can select the Edge for that particular bet, which means for a small sacrifice in odds, you can take the insurance should your bet lose by just one leg. If it doesn’t then you will get your lost stake refunded as cash and this is available on acca’s from multiple sport selections too.
On top of everything else that Betfair have running, you do have live streaming options available as well. They have been running streams for a long time and they are very strong in this department. You can get some top soccer matches on there as well as other top sports like basketball and tennis. The cash out feature is available on select markets with live betting, so you can control your bets while you are watching live sport with them. There are horse racing streams available as well.
You can even get more than you had hoped for with Betfair as well.They run a ‘Price Rush’ product where they will boost your wager to higher odds.This is available through the Betfair exchange and after checking the prices offered by the thousands of customers there, you may get a rush where you wager is boosted up to the next full number, so if you had selected something at 5/2 for example, you would get a rush to 3/1.
The World’s Best Exchange
Betfair isn’t just the world’s largest betting exchange. They’re the best option for any sports bettor. High limit premium charges aside, there few times that bettors will be able to find a price better than Betfair’s on most markets. They’ve had a single hiccup in their history and are one of the most trustworthy gaming companies in the world.