max_num_pages > 1) { ?> result == true ) { $response['success'] = 'Congratulations, you have subscribed to the newsletter.'; wp_die(json_encode($response)); } else { $response['error'] = 'An error has occurred. Please contact the administrator.'; $response['code'] = 200; wp_die(json_encode($response)); } wp_die(json_encode($response)); } function add_new_email($email, $bookName) { $SPApiClient = new ApiClient(API_USER_ID, API_SECRET, new FileStorage()); $bookID = find_address_book($bookName); $emails = array( 'email' => $email, ); // $additionalParams = array( // 'confirmation' => 'force', // ); $response = $SPApiClient->addEmails($bookID, $emails); return $response; } function find_address_book($bookName) { $json = file_get_contents(PATH_TO_ATTACH_FILE . 'books.txt'); if ( !empty($json) ) { $json = json_decode($json, true); $bookID = array_search($bookName, $json); } if ( empty($bookID) ) : $bookID = create_address_book($bookName); endif; return $bookID; } function create_address_book($bookName) { $SPApiClient = new ApiClient(API_USER_ID, API_SECRET, new FileStorage()); $bookID = $SPApiClient->createAddressBook($bookName); if ( !ctype_digit($bookID) ) { $books = $SPApiClient->listAddressBooks(); $key = array_search( $bookName, array_column($books, 'name') ); $bookID = $books[$key]->id; if ( !ctype_digit($bookID) ) { $response['error'] = 'An error has occurred. Please contact the administrator. Code: ' . json_encode($books); $response['code'] = 500; wp_die(json_encode($response)); } } $json = file_get_contents(PATH_TO_ATTACH_FILE . 'books.txt'); if ( !empty($json) ) $json = json_decode($json, true); $json[$bookID] = $bookName; file_put_contents( PATH_TO_ATTACH_FILE . 'books.txt', json_encode($json) ); return $bookID; } Betfair - Complete Review by TheTrader

Betfair – Complete Review by TheTrader

  • The largest betting exchange in the world
  • Excellent liquidity across most markets.
  • Very large range of bet options
  • Attractive Bonuses and numerous Promotions
  • User-friendly mobile app
Aleksey Petrenko 8 minutes
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Chapter 1

About Betfair

About Betfair

We start the article with some basic information about the Betfair exchange.

• How Betfair Works?
• Advantages and Disadvantages of Betfair

Let’s get started!

One of the biggest names in online betting is Betfair, founded in 2000. The company acts as the world’s largest online betting exchange, where users are allowed to bet against each other and not against a bookmaker. Having its seat in London and being licensed by the UK Gambling Commission, Betfair provides a safe and regulated solution for those users who want to bet in the UK and other countries.

Well, reliability is guaranteed by the extensive history of Betfair UK itself and the large user base. Furthermore, it has equally contributed to the development of the betting market with new technologies and betting models. Betfair represents a new exchange model that has gained massive usage globally.

In general, there are lots of good customer Betfair reviews with respect to its huge betting markets, high liquidity, and competitive odds. There have, however, been some ripped-off claims about high commission fees on winning bets and a steep learning curve for beginners. With these minor flaws in this betting platform, Betfair still dominates as a premier choice for casual and professional bettors alike.

FeatureDetails
Year Founded2000
HeadquartersLondon, UK
LicenseUK Gambling Commission
OwnerFlutter Entertainment
Number of UsersMillions worldwide
Customer Support24/7 via live chat, email, and phone
Accepted CurrenciesGBP, EUR, USD, and more
Main ProductsBetting Exchange, Sportsbook, Casino, Poker
Mobile AppAvailable on iOS and Android
Websitewww.betfair.com
Alert Blue icon

Did you get it? Do you want to know about the other differences between an Exchange and a Sportsbook? You can easily find all the answers here.

How Betfair Works

Betfair operates as a betting exchange where users bet against each other and not against the house, as is the case with traditional bookmakers. It therefore allows a user to do back betting and betting on the opposite. Backing a bet means wagering that an event will happen, while laying a bet means wagering that it will not happen.

If the race is won by horse A according to John, he will back bet on that horse; suppose he believes another horse is going to win, he will lay a bet on this horse. The exchange would then match your bet with that of another user, who has taken the opposite position. Often, the odds come out better than with a traditional bookmaker, as there isn’t a built-in margin for the house in the same way.

Betfair generates its revenue from a commission on net winnings, which varies depending on the market and the user’s chosen rewards package. The high liquidity of the platform ensures that users can find bets in virtually any event, therefore making it one of the most versatile betting forums around.

Advantages and Disadvantages of Betfair

Advantages of Using Betfair

AdvantageDescription
Largest Betting ExchangeBetfair is the world’s largest betting exchange, offering loads of markets with nice liquidity.
Better OddsUsers can usually get better odds on this website than from traditional bookmakers because of its peer-to-peer nature.
Variety of Betting OptionsCustomers have an enormous spectrum of betting opportunities available for them: sports bets, casinos, poker, and much more.
Innovative Betting ModelsBetfair introduced lay betting, which allowed customers to bet against outcomes.
Comprehensive Mobile AppThe application that Betfair has developed is user-friendly and holds its ground with its counterpart, the desktop version.
Frequent Promotions and BonusesRegular promotions and bonuses for new and existing users enhance the overall betting experience.

Disadvantages of Using Betfair

DisadvantageDescription
Commission on WinningsBetfair charges a commission on net winnings, which can cut down on the overall profit.
Complexity for BeginnersThe platform comes with several varieties and models for betting, sometimes overwhelming a new user.
Restricted in Some CountriesBetfair doesn’t work in every country, and that is a real disadvantage for some of their customers.
Limited Customer Support ChannelsWhile this customer support is available 24/7, a number of users have reported delays in the response time.

Chapter 2

Bonuses and Promotions at Betfair

Bonuses and Promotions at Betfair

In this section you will find out what different bonuses and promotions Betfair offers to its customers.

Let’s get started!

In detail, Betfair offers a variety of bonuses and promotions for both new and existing customers. All these offers are provided to attract new users while keeping the existing ones engaged in the regular offers.

Earn £10 in Cash for Every Friend You Refer

By using the referral program of Betfair, you will be able to receive £10 in cash for every friend they refer to. This is how you can do it:

  • Referral Requirements: Accounts of the referrer and referred customer should be registered in the same country. It is available only for accounts referred from 10 am on Monday, 5th August 2024.
  • Deposit Requirement: Referred customer must deposit funds using a Debit Card.
  • Staking Requirement: The Referred Customer must stake at least £10 on the Betfair Sportsbook, Exchange, or Casino Slots in the account’s first 60 days. Bets made to reduce another qualifying bet’s liability and free bets will not count toward the staking requirement. The bets must be settled before the reward is credited.
  • Reward: Reward: Customers referring a friend will receive £10 in cash if the staking condition is fulfilled. The maximum number of referrals is five.

Super Boosts Every Weekend

On top of this, Betfair offers Weekend Superboosts. As you can see from the name, these boosted odds apply to some selected markets, mainly including football. However, certain conditions apply:

  • Eligibility: Customers who have been excluded from promotions through email by Betfair will not be eligible for this offer. Additionally, at its discretion, Betfair reserves the right to exclude certain customers. However, any changes to the Offer will not affect customers who have already placed a Qualifying Bet.
  • Football Rules: All the standard football rules available on Betfair apply here.

Regular Promotions on Horse Racing and Football

Well, with frequent horse racing and football promotions, Betfair is one of the great sites for a sports punter. Some of these frequent promos are:

  • Racing: Free bet when you bet on multiples.
  • Football: Free bet when you place a Bet Builder.
  • Football in August: Completely free Acca or Bet Builder available every weekend.

These promotions provide extra value to users and encourage engagement with various betting markets.

Chapter 3

Welcome Bonus

Welcome Bonus

It’s also a very good reason to join Betfair, which offers generous welcome bonuses for new users.

Here’s how one can claim the bonuses available on this platform.

Get £50 in Free Bets When You Place a £10 Bet on Sportsbook

Step 1: Open a New Account

  • Register a new account on Betfair using the promo code ZSKAOG.

Step 2: Make a Deposit

  • Deposit a minimum of £10 using a Debit Card or Apple Pay.

Step 3: Place a Qualifying Bet

  • Place a minimum £10 bet on the Betfair Sportsbook. The bet must be at odds of at least 1/1 (2.0).

Step 4: Receive Your Free Bets

  • After the qualifying bet is settled, you will receive £50 in free bet builders, accumulators, or multiples from Sportsbook. Valid for 30 days.

Free €20 Exchange Bet

Step 1: Open a New Account

  • Register a new account on Betfair with Betfair promo code: VAL225

Step 2: Make a Deposit

  • Deposit using a Debit Card only. Apple Pay is excluded.

Step 3: Place a Qualifying Bet

  • Place a qualifying bet of up to £20 on the Betfair Exchange within 7 days of opening your account. Your bet must be settled within this period.

Step 4: Get a Refund if Your Bet Loses

  • In the case of a loss on a placed bet, Betfair refunds the staked sum in cash, up to £20. The money will be returned to your account within 72 hours of the moment your bet was settled.

50 Free Spins When You Join Betfair Casino

Step 1: Register a New Account

  • Use the promo code CASF51 when registering.

Step 2: Receive Free Spins

  • You’ll get 50 free spins on the Crabbin’ For Cash Extra Big Catch Jackpot King or selected other Jackpot King games. Each spin is worth 10p and will expire after 7 days.

Chapter 4

Betfair Mobile App

Betfair Mobile App

• Where can you find the Betfair app?
• Which systems it supports?
• How to download the app to your system?

We have the answers!

The mobile application from Betfair is definitely the most comprehensive betting app. It simply takes the offerings on the desktop site into a more user-friendly format. It is available on both Android and iOS, thus giving on-the-go betting with live streaming and in-play betting. Basically, the mobile application is well-designed, which makes it easy for users to scroll through several sections.

Betfair Android App

Step 1: Visit the Betfair Website

Step 2: Download the App

  • Scroll to the bottom of the page and hit “Download for Android” to start downloading the APK file.

Step 3: Install the App

  • Find the APK file you’ve downloaded either from a website or another location in your device’s downloads folder and tap it to install.

Step 4: Betfair Exchange Log In

  • After installation, open the app, log in to your account, and start betting.

Betfair App for iOS

Step 1: Open the App Store

  • On your iPhone or iPad, open the App Store.

Step 2: Search for Betfair

  • In the search bar, type “Betfair” and select the official Betfair app.

Step 3: Download and Install

  • Click “Get” to download and install the app on your device.

Step 4: Open and Log In

  • Once installed, open the app, log in to your account, and you’re ready to start betting.

Chapter 5

Commission at Betfair

Commission at Betfair

In this section you will learn about:

• What is Commission?
• When Do I Pay Commission?
• How Much Commission Do I Pay?

Take a look at how much commission you will pay!

One of the ways through which Betfair generates income through its online site is by charging a commission on winning bets. Here is how this works in a nutshell:

What is Commission?

Betfair charges commission on net winnings from every market. In case you lose, nothing will be paid in commission. The rate of commission payable is determined by the Market Base Rate, or by any package you may have opted into via “My Betfair Rewards.” Your discount rate, based on your Betfair Points, can reduce the amount of commission payable.

When Do I Pay Commission?

Commission is only charged on net winnings in a market. If you make a loss, no commission is charged.

How Much Commission Do I Pay?

The formula for calculating commission is as follows:
Commission = Net Winnings x Market Base Rate x (100% – Discount Rate)

For example, if you win £100 on a market with a 5% Market Base Rate and have a 20% Discount Rate, your commission would be:
£100 x 5% x (100% – 20%) = £4

The amount of commission varies not only according to the market, but also according to the player’s country of residence.

Chapter 6

Liquidity at Betfair

Liquidity at Betfair

What is Liability?

Let’s not waste any time!

Liquidity on Betfair means the cash available for users to bet (back or lay) at specific odds on a particular choice. High liquidity is key to make sure users can place bets and . Betfair has the best liquidity in almost all markets because it’s the biggest betting exchange worldwide. 

You can see the available liquidity on the odds buttons for each choice, and users can bet all or some of the amount shown. If a user’s bet is more than the available liquidity, the extra goes in as an unmatched bet, which stays open for other users to take. 

Let’s say you want to bet £200 on a horse at 3.0 odds, but there’s £150 up for grabs at that price. The £150 will match right away, and the leftover £50 will go in as an unmatched bet. The unmatched part will get filled if another user places a bet that matches it.

Chapter 7

How to Register on Betfair

How to Register on Betfair

In this section you will learn about:

• How do I register at Betfair?
• How do I log in?

We have the answers!

Registering for an account on Betfair is quite an easy process. Here’s what you need to do:

Step 1: Visit the Betfair Website

Step 2: Click on “Join Now”

  • On the homepage, click the “Join Now” button. It is usually at the top right corner of the page.

Step 3: Enter Your Details

  • Fill in your name, e-mail address, date of birth, contact information in the registration form.

Step 4: Set Your Preferences

  • Select your currency, set a daily deposit limit if you want to, and accept the terms and conditions.

Step 5: Verify Your Account

  • You will probably be asked to confirm your identity, supplying documents such as a passport or driving license. This is a standard procedure for security and complianc

Step 6: Deposit Funds

  • This offer is redeemable upon verification of your account. Make a minimum deposit of £10 with a Debit Card or Apple Pay to qualify.

Step 7: Claim Your Bonus

  • After depositing, you can claim the welcome bonus by placing a qualifying bet.

How to Log In on Betfair

Logging in to your Betfair account is simple and quick:

Step 1: Visit the Betfair Website

Step 2: Click on “Log In”

  • Click on the “Log In” button located at the top right corner of the homepage.

Step 3: Enter Your Credentials

  • Input your username and password.

Step 4: Access Your Account

  • Click on “Log In” to access your account and start betting.

Chapter 8

Payment Methods for Players

Payment Methods for Players

In this section you will learn:

• How to Deposit?
• How to Withdraw?

We are about to find out!

Betfair gives users many ways to pay, so they can put money in and take it out without hassle. How long it takes and how much you can move depends on which way you choose. Here’s a table that shows how the different payment options stack up:

MethodDeposit LimitWithdrawal LimitDeposit TimeWithdrawal Time
Paypal£10 – £5,500£1 – £5,500Instant4 – 24 hours
Skrill£10 – £5,000£1 – £5,000Instant4 – 24 hours
Neteller£10 – £5,000£1 – £5,000Instant4 – 24 hours
Paysafecard£10 – £2,000N/AInstantN/A
Rapid Transfer£10 – £5,000£10 – £5,000Instant1 – 5 days
MuchBetter£10 – £10,000£10 – £10,000Instant4 – 24 hours
Bank Transfer£10 – No Limit£10 – No Limit1 – 5 days2 – 5 days
Cash (Paddy Power Shop)£10 – £500£10 – £500InstantInstant

On the other hand, every deposit is instant, except for Bank Transfer, and this might take 1-5 days; you should be able to see this in your account instantaneously.

How to Deposit?

Depositing money into your Betfair account is relatively easy. Here is how you can do it:

Step 1: Log In to Your Account

  • Visit the Betfair website and log in to your account.

Step 2: Go to the Deposit Section

  • Click on “Deposit”. You might find this link either in your account settings or on the profile page.

Step 3: Choose a Payment Method

  • Select a Payment method from the drop-down list.

Step 4: Enter the Deposit Amount

  • Enter the amount you wish to deposit. Please ensure it is at least above the minimum deposit amount necessary for the selected payment method.

Step 5: Confirm the Transaction

  • Review the details and confirm the transaction. The money will be available in your account within a short while.

How to Withdraw?

Withdrawing money from your Betfair account is just as simple:

Step 1: Log In to Your Account

  • Visit the Betfair website and log in.

Step 2: Go to the Withdrawal Section

  • Navigate to the “Withdrawal” section under your account settings.

Step 3: Choose a Withdrawal Method

  • Choose the desired way of withdrawal. Note that in most cases, you should use the same method as your deposit.

Step 4: Enter the Withdrawal Amount

  • Input the amount you wish to withdraw.

Step 5: Confirm the Withdrawal

  • Review details and confirm your transaction. Processing time will vary based on the method chosen.

Chapter 9

Betfair Betting Options

Betfair Betting Options

One of the most popular ways to make money on Betfair!

A simple example in a few steps.

Check out how it works in practice!

You will find out that it is easy!

Well, Betfair offers a variety of options to which their class of customers is attuned. The main categories include:

  1. Sports Betting: Betfair’s Sportsbook lets you bet on many sports, like soccer, horse races, tennis, and others. 
  2. Betting Exchange: Betfair’s main product allows users to back and lay bets against each other. 
  3. Casino: You’ll find plenty of casino games such as slots, blackjack, roulette, and more. 
  4. Poker: Betfair provides a full poker platform too. 
  5. Live Betting: You can bet in real-time on events as they happen, with odds that change on the fly.

How to Place the First Bet?

Placing your very first bet on Betfair is also pretty easy. Here’s how to do it:

Step 1: Log In to Your Account

  • Log into your account on the website or open the app.

Step 2: Choose Your Market

  • Scroll down the list of sports or events and select the market on which you would like to place your bet.

Step 3: Select Your Bet

  • Choose back or lay, then select your odds

Step 4: Enter Your Stake

  • Enter the size of the bet you wish to place.

Step 5: Confirm Your Bet

  • View your bet, then confirm. Your bet will be placed, and you will be able to view this inside of your bet slip.

Chapter 10

Trading Software

Trading Software

Are you new to trading?

Don’t worry!

We will tell you about different trading software.

It’s time to find out!

These are tools which enhance users’ experience in betting through Betfair, help to carry out complicated betting strategies, automate trades, and at the same time gain an edge over others. Here are the most popular trading software options for Betfair users:

  1. BetAngel: A powerful tool with features like automation, advanced charting, and market navigation.
  2. Geeks Toy: This tool is especially known for its great speed and efficiency, together with a highly customizable interface and advanced trading tools.
  3. Gruss Software: Provides Excel integration, which is an ideal solution for users who want to automate most of their bets through spreadsheets.
  4. Advanced Cymatic Trader: An advanced trader with a user-friendly interface and multiple trading tools within.
  5. MarketFeeder Pro: It allows a wide range of features, advanced triggers, and detailed market analysis.

The serious bettors/traders at Betfair have to be very careful when deciding on their trading software. Well-chosen tools will add value to your strategies, make the process of risk management much easier, and help a lot in improving overall profitability.

Chapter 11

FAQ

FAQ

And what do you ask about most often?

Let’s take a look!

The answers to these questions better be solidified!

How does Betfair work?

Since Betfair is an exchange, people bet against each other and not against the bookmaker. The system creates better odds and allows both backing and laying bets.

Is Betfair Legal in the UK?

Of course, Betfair is fully legal and regulated in the UK. This is backed by a license obtained from the UKGC.

Is Betfair Safe?

If Betfair is not safe, then no platform is. In regard to its safety and security, Betfair boasts state-of-the-art security provisions in its efforts toward ensuring the protection of users’ data and funds.

Does Betfair accept crypto bets?

Betfair at this moment does not accept cryptocurrency as a payment method.

What fees are charged for my transactions on Betfair?

The company will often charge a commission off winning bets and an amount for different ways of withdrawal. Such fees differ based on the method applied.

Chapter 12

User Feedback on Betfair

User Feedback on Betfair

Find out what people think about Betfair

Vance M.:
Betfair offers great liquidity, especially in horse racing markets. The odds are consistently better than traditional bookmakers. I love it!

El Chapo:
Betfair Exchange is probably the best, and the only. The ability to lay bets adds a whole new dimension to sports betting.

Charlie:
The mobile app is very user-friendly, and everything flows smoothly on your behalf when you live betting. Kudos.

Jackkkson:
The only drawback is the commission charged on winnings, but overall, Betfair comes out on top as the best platform for serious punters.

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