Welcome to Betfair Exchange

Betfair has become the undisputed King of the Betting Exchanges, offering an increase of 20% or more better prices than your traditional bookmaker. Their software is very easy to use and this really should be your Number One stop when opening an online account.

Betfair £10 Free Bet For New Accounts

To welcome you as a new customer Betfair will give you a £10 Free Bet. Its very simple to obtain, just open an account and enter the Code FTB125 then make your First Bet £10 or more and regardless of whether your selection Wins or Loses, within 48hrs Betfair will have credited your account with a £10 Free Bet that you can use on any Market.


Betfair Exchange Information

All bets on Betfair have been placed there by users like yourself who either want to have a bet in the normal way by Backing a Selection or offer odds to other punters and Lay a Selection. This gives you the opportunity to become the bookmaker and thus increase your percentage of picking a winner by much more.

Below are some great examples Betfair has to offer :-

• You can bet that an outcome will happen (BACK) or that it won"t happen (LAY)
• You can choose the odds you want to play at, for example you can request odds you want.
  
• You can bet whilst the game is in play.
  
• Because there is no bookmaker involved, the odds are better than the average bookie.

When you "Back" a selection (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, 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 didnt think Chelsea would win then you would Lay them, you offer odds to other punters who think the opposite and want to Back Chelsea to win.

If Chelsea fail to win, then you pick up the backer"s stake. If however Chelsea do win, then you pay out, which was traditional bookmakers do. So in a sense you are becoming the bookmaker and offering the odds you want to offer.

You never know who you are betting against, your privacy and the confidentiality of your bets is maintained by Betfair"s secure site.

Choose Your Own Odds

With Betfair there is always a choice of what odds to accept. If you want better odds than what 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 odds before a game and you will see them change as visitors back and lay their bets. The odds often improve nearer to the off, as there are more people in the market.

Commission Rates Information

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. You can receive a discount off the standard Market Base Rate dependent on how much you bet. The more you bet, the larger the discount you receive. This is known as your Discount Rate.

Betfair Company Information

Betfair is the trading name of The Sporting Exchange Ltd. 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.

Security & Peace of Mind

• Your full card details are encrypted and sent over the internet only once - when you register your card.
• Your card details remain encrypted and are stored on Betfair"s secure server.
• Betfair uses DataCash and The Royal Bank of Scotland plc as our secure payment partners.
• Betfair possesses a BT TrustWise Secure Server Certificate, has a bookmaker"s permit and is registered as a limited liability company in England and Wales.
• For further information on the Betfair.com deposit process, email us or call our UK help desk on 0870 0110 444.

Payment Methods Accepted