Betfair bookmaker is very special in many many ways and it differs from all the other Bookmakers with its specific features. With Betfair you can place bets on 2 different markets. The first Market is the „normal one“ where you place your bets according to odds from their sportsbook.
The second market for which the betfair exchange is actually the synonym, and for why they are special, is the P2P (Person-to-Person) betting system, more precisely the online odds market where you bet against other people, on the biggest odds you anywhere will find.
The main difference by betfair exchange market compared to other bookmakers is that with exchange you do not bet against the bookmaker, but against other users (clients, customers), of course for real money. A lot of people live from trading their odds through Betfair, and many advantages that Betfair exchange office has. Betfair, the worlds biggest online exchange betting service, has over a few millions members, and that number is constantly growing, so the exchange betting service has an annual turnover bigger then a couple of dozen billions euros.
Betfair exchange offers 10-20% bigger odds compared to the terrestrial and online bookmakers, given that the odds are set by other users. Something you can do as well and become the bookmaker (more about this in the next text). They doesn’t actually earn when you lose the bet, but they are only the service which connects all the users, and allows them to make bets on certain events in one place.
Thanks to the way that they operates, they are extremely reliable and there is no risk of them going broke. Through Betfair you can mostly play singles, e.i single bets (one bet on your ticket), but also in their offer you can find accumulator tickets e.i. tickets with more matches on it .
They also allows live betting on almost all of the events you can find in their offer till the very last second. Therefore you can offer and take the odds depending the situation on the field. Beside the basic offer, Betfair offers the possibility of betting on a big variety of detailed bets on every game, so it is often a case that with a basic offer you can choose at least 30 alternative bets from the same game.
Only for you we have explained to the smallest details how does Betfair exchange work. Everything you need to know about Back and Lay bets find out here.
Registration is very simple, and it takes only a couple of minutes. Click on this link,
Choose „Register“, fill in your basic data (our recommendation is to choose Euros as your currency).
After you create your user account, which is completely free and does not bring you any additional obligations. (if you don’t want to), the only thing standing in your way of betting by Betfair will be depositing money on your account.
Betfair is charging the commission of maximum 5% on your overall profit for a single event, what is very much profitable taking in consideration that the odds are 10-20% bigger and of course because they don’t charge the handling fee neither you directly pay taxes on you profit.
They doesn’t take 5 % on your overall win (e.i on your stake+profit), but only on the amount you have earned on the certain match (if you have profited). Therefore if you have placed a bet e.g of 100€ at odds 1.50 and you win that bet, your overall win will be 150€, e.i. your profit will be 50€. So in this case your profit will be reduced for the amount of commission, meaning your profit would be 47.50 €, and your overall win would be 147.50 €.
The experience of users is extremely positive and many people are trying to improve their technique and earn their money on betting exchange. Profit is very much possible with proper betfair strategy and disciplined play. Also with exchange the bookmaker profit does not exist, so it is very possible to find e.g. odds like 2.00 both on over and under the total games played in a tennis match (most of the others offer 1.85-1.85).
Betfair is offering an attractive bonus for casino and poker. Betfair casino and betfair poker services are also extremely famous ! Take the bonus.
Betfair is the most special bookmaker where you can bet on regular market and exchange market. Exchange market has the best odds online where actually you are the bookmaker yourself. They gives you opportunity to make big profit with the right strategy. Join now and claim betting bonus alongside with poker and casino bonuses.
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. T&Cs apply. 18+. Gamble responsible.