Betfair was launched in 2000. Its founders, Andrew Black and Edward Wray concluded that they needed to make another path for punters to have the option to place bets on their preferred games. Usually, a bookmaker would set the odds for a match. Wray and Black needed to put that decision under the control of bettors.
Betfair has focused intensely on the UK and European betting markets, where soccer is such a massive game from betting income perspectives. The organization has two gaming licenses: one from Malta and the other from the UK. Having these two licenses demonstrates that Betfair is one of the most legitimate organizations in the online gaming space; the UK Gambling Commission permit is especially hard to get, given all the diligence completed by the regulatory board. All of this adds up to your money being highly secure at these sites.
In 2010, they decided to make Betfair public on the London Stock Exchange. This permitted the organization to raise enough capital and further make itself as one of the business giants. At the time of this review, the valuation of Betfair was hovering around the 2 billion USD range.
In 2014, Betfair was one of the couples of online betting companies to get a license to operate in New Jersey, one of the few US states to allow regulated internet gambling. This is a license only for the casino, but that is an excellent foothold for the company as it makes its way back into the US market.
On February 2, 2016, the company announced a merger with another European online gaming giant, Paddy Power. The net result of this merger is the biggest organization by revenue of any of the regulated online gaming groups.
Pros / Cons
- Generous welcome offer.
- Excellent mobile functionality.
- Reliable & Secure bookmaker.
- A large number of sports markets.
- Competitive betting odds in diverse markets.
- Lack of promotions for existing customers.
- A huge amount of information on the website.
Pros and Cons of Betfair
As a part of our review, we have investigated all parts of Betfair’s activity, with everything from their scope of markets and customer service having been mulled over. In our Betfair review, we found the following positive and negative factors:
Betfair Restricted Countries
As you would expect, with licenses from two highly regarded gaming jurisdictions, there are a few limitations set on Betfair concerning who can access their suite of games. This list is continually changing.
Players from the following countries are prohibited from playing at Betfair:
Congo – Brazzaville, China, Eritrea, Greenland, Iran, Côte d’Ivoire, Australia, Hong Kong, France, Greece, Libya, Israel, Cuba, Slovenia, North Korea, Japan, Lebanon, South Africa, Iraq, United States, Russia, Somalia, Turkey, Sudan, Switzerland
Having this unique position in the market was great for Betfair, but that didn’t prevent the company from wanting a bit of the house-versus-player sports betting market also. The Betfair sportsbook engine is hearty, showing betting odds on thousands of sporting events around the world. The company doesn’t just cater to the major professional leagues; you can find betting odds on almost any professional sport. Have a look at the sports currently featured on the Betfair homepage:
Basketball, Cycling, Football, Baseball, Boxing, Australian Rules, Cricket, Athletics, Horse Racing, Chess, Darts, MMA, Gaelic Games, Greyhound Racing, Golf, American Football, MotorSport, Rugby Union, Tennis.
A lot of sport include in-game live betting; this is Usually most popular for sports like soccer and tennis, where the matches themselves can be long and with just one outcome, so betting on individual aspects of each game makes them far more intriguing.
If all these real games aren’t enough for you, there is an entire arrangement of virtual games that you can bet on also at Betfair. If you don’t have the most straightforward idea what these are, virtual sports are mostly video games that play themselves; think of the demo versions of games you have likely seen, but attach a Random Number Generator to them and let them play to a result. Most times, these events are easy to complete for at least 10 minutes so that you can make bets on them far more regularly.
Betfair Welcome Bonus
Casino players can choose from two different welcome bonuses for their first deposit:
100% to a maximum of $100 to be able to be used on all casino games.
200% to a maximum of $400 for slots play only.
It is a lot harder to clear bonuses playing slots. Nevertheless, if you are hoping to boost the bonus, this is still your most logical option. Your first and initial deposit is the best way to start enjoying this bonus.
Live Casino Bonus
The bonus for live betting games is somewhat different. While the bonus is just 50%, the highest is $200, and you likewise get five chips to be played at Live Roulette.
Unlike other online betting websites in the UK market, Betfair doesn’t have any live betting shops to help in the handling of deposits, depending 100% on online transactions. Nevertheless, they do have all the essential alternatives for players who need to make deposits and withdrawals. There have been a couple of protests about how long it takes for a withdrawal to be processed (a common complaint across the board in this industry), but given that this is a public company, it isn’t because the company doesn’t have the funds to pay.
Check by mail
Bank Transfer Express
A world-class company traded publicly, as Betfair needs to guarantee that its customers are attended to in a fast and effective manner. This is particularly true considering what they did to their players in 2010 with the Happy Hour scandal. In view of this, the casino gives you nearly every way possible to contact them. In addition to the fact that they have a fantastic FAQ segment which will deal with most minor inquiries, yet you can likewise speak with the Betfair customer service team via these methods:
Telephone, Live Chat, Email, Facebook Message, Twitter.