BetFair Review JUNE 2024
BetFair Overview
Betfair, unlike traditional sportsbooks, operates as a betting exchange in Australia, where punters wager against each other. This unique approach often results in competitive odds, especially for popular novelty bets. However, users may encounter limitations in available betting options and subpar prices. The platform's design and navigation are also less intuitive compared to conventional sportsbooks. Notably, Betfair facilitates both 'for' and 'against' betting, making it attractive for trading enthusiasts. Despite its drawbacks, Betfair's exchange model offers unparalleled opportunities for realistic trading experiences. While the platform's app provides convenient access, it suffers from occasional bugs and crashes. Betfair Live enhances the betting experience with comprehensive market insights and visualization tools. Additionally, Betfair's customer support is reliable, albeit lacking live chat functionality. Promotional offerings are limited due to regulatory constraints in Australia. Nevertheless, Betfair remains a go-to platform for various sports betting markets, including cricket, golf, US elections, horse racing, football, AFL, and NRL, with its unique exchange model and competitive odds.
The top navigation bar provides easy access to horse racing, greyhound racing, and a Cash Out feature for managing open positions. Quick links to popular races and events are conveniently placed in the right-hand column of the homepage. The left-hand column offers a comprehensive sports list. Upon sport selection, the page dynamically updates to show available leagues, followed by upcoming fixtures upon league selection. Further refinement reveals market options for the chosen fixture, with breadcrumbs facilitating seamless navigation back to the league and sport.
Quick infos
- Online Since: 2004
- Mobile App: IOS & Android
- Min Deposit: $10
- Cashout Speed: 1-3 banking days
- Gambling Authority: Northern Territory Racing Commission
- Live Chat: 24/7
- Email Address: admin@elitebet.com.au
- Phone Number: 24/7
- Support languages: English
- Twitter account: @Betfair_Aus
BetFair Welcome Bonus
Stay up-to-date with the latest promotions and thrilling events at Betfair by visiting their dedicated Promotions page. Here, you'll discover all the information on current and upcoming offers, ranging from enhanced odds to exclusive competitions and rewards. Make it a habit to check back frequently, as promotions can change regularly. It's important to note that due to stringent Australian gambling regulations, Betfair does not provide sign-up bonuses or promo codes. Any statements to the contrary are likely fraudulent.
Upcoming Offers, Enhanced Odds & other Exclusives upon Registration!
Pros
- Australia’s top betting exchange
- Fast payouts
- Excellent odds, especially on longshot...
Cons
- No racing live streaming
List of Sports availables for betting
American Football
Australian Rules
Baseball
Basketball- Boxing
Cricket
Cycling
Darts- Esports
- Gaelic Games
Golf- Greyhound Racing
Handball
Horse Racing
Ice Hockey- Mixed Martial Arts
- Motor Sport
- Politics
Rugby League
Rugby Union
Snooker- Soccer
- Special Bets
Tennis
BetFair Mobile Application
Betfair's mobile app offers convenient access to Australia's premier betting exchange, enabling users to place bets and manage their accounts from anywhere. Available at no cost on both Apple and Android devices, the app is equipped with key features to enrich the betting experience. Users benefit from the comprehensive form hub, which provides in-depth performance data for teams and players, as well as real-time price graphs that track market movements. Despite its advantages, the app has some limitations. Market availability can be restricted, potentially narrowing the betting options. Users have also noted that pricing may not always be as competitive as other platforms. The app's navigation can be cumbersome, with some users finding it challenging to find specific features or complete transactions efficiently. Additionally, occasional bugs and glitches can interfere with the betting process. Nevertheless, the app remains a valuable resource for users looking to engage with Betfair’s betting exchange on the go.
BetFair Languages translated
- English
Available method of payments
There are multiple ways to deposit into and withdraw from your Betfair account. Deposits via Visa, MasterCard, and PayPal are processed instantly, while OSKO deposits take 10 minutes to 12 hours. Note that bank transfers are not available for deposits. For withdrawals, Visa and MasterCard issued in Australia cannot be used. PayPal withdrawals are processed within 24 hours, OSKO can only fund your account, and bank transfers take 1-3 working days.
Odds Formats
Decimal Odds
Decimal odds are straightforward and widely used on Betfair.
They represent the total payout including the stake, making it easy for bettors to calculate potential winnings.
Fractional Odds
While less common, fractional odds may also be available on Betfair for certain markets.
They show the potential profit relative to the stake, favored by some traditional bettors.
American Odds
American odds, also known as moneyline odds, might be offered on Betfair for markets popular in the United States.
They indicate the amount you would win for every $100 bet, with positive and negative figures denoting favorites and underdogs.
Legal Information
Regulatory Compliance
Betfair holds licenses from relevant regulatory authorities in Australia, demonstrating its commitment to legal compliance.
These licenses ensure that the platform meets stringent standards for fairness, security, and responsible gambling.
Responsible Gambling
Betfair promotes responsible gambling practices among its bettors through tools and resources.
Users can set deposit limits, take breaks, or self-exclude from the platform if they feel their gambling behavior is becoming problematic.
Privacy and Security
Betfair employs advanced security measures to protect user data and transactions.
Personal information is encrypted and stored securely, safeguarding user privacy at all times.
Deposit Options at Betfair
Credit/Debit Card
Credit and debit cards such as Visa and MasterCard are accepted for instant deposits at Betfair.
This method at Betfair is widely used due to its accessibility and immediate availability of funds.
POLi
POLi is a secure payment option available for Australian customers at Betfair.
It allows direct bank transfers without credit card fees, making it a preferred choice for many bettors .
Bank Transferat Betfair
Bank transfer is a reliable method for depositing funds into your Betfair account.
It requires a minimum deposit amount and may take slightly longer compared to other methods.
BPAY
BPAY is a convenient option for depositing funds into your Betfair account.
It allows you to initiate payments directly from your bank account, ensuring ease of use at Betfair.
Skrill (Moneybookers)
Skrill offers e-wallet services for deposits at Betfair.
It provides instant processing times and low fees, making it an efficient choice for many bettors .
Neteller
Neteller allows you to deposit funds into your Betfair account securely.
It offers quick transactions and is widely accepted among online gaming platforms.
Cryptocurrency
Betfair accepts certain cryptocurrencies for deposits, providing an alternative payment method for tech-savvy bettors .
It offers benefits like fast transactions and potential anonymity.
Bet Builder at Betfair
Customized Bets at Betfair
Bettors can combine multiple selections into a single bet on Betfair's Bet Builder.
This feature at Betfair allows for greater flexibility and the ability to tailor bets according to personal preferences.
Popular Bet Types at Betfair
Betfair's Bet Builder supports popular bet types such as accumulators and same-game multis.
It allows bettors to create bets based on specific outcomes within a match or event.
Availability
The Bet Builder feature is available on selected betting sports and events at Betfair.
Bettors at Betfair can explore eligible matches and events where they can utilize this customizable betting option.
Withdrawal Options at Betfair
Bank Transfer at Betfair
Bank transfer is a widely used method for withdrawing funds from Betfair.
It offers reliability and security, allowing bettors at Betfair to transfer funds directly to their bank accounts.
Skrill (Moneybookers)
Skrill, also known as Moneybookers, provides e-wallet services for withdrawals at Betfair.
It offers quick processing times and is favored for its ease of use among Australian bettors at Betfair.
Neteller
Neteller is another popular e-wallet option available for withdrawals at Betfair.
It ensures fast transactions and is widely accepted across various online platforms.
PayPal
PayPal is a secure and trusted payment method for withdrawals at Betfair.
It allows bettors at Betfair to withdraw funds conveniently and offers reliable transaction processing.
Credit/Debit Cardat Betfair
Credit and debit cards such as Visa and MasterCard are accepted for withdrawals at Betfair.
This method at Betfair ensures quick access to funds and is widely used for its convenience.
Cryptocurrency
Betfair supports certain cryptocurrencies for withdrawals, catering to bettors who prefer digital currencies.
It offers an alternative method with potential for fast transactions and low fees.
Live Betting at Betfair
Real-Time Odds
Live betting on Betfair provides real-time odds that update dynamically throughout the match or event.
This feature at Betfair allows bettors to respond quickly to changing game conditions and make informed betting decisions.
In-Play Markets
Betfair's live betting covers a wide range of in-play markets across various betting sports.
Bettors at Betfair can bet on aspects of the game such as next goal scorer, point-by-point outcomes in tennis, and more.
Live Streaming at Betfair
Some live betting events on Betfair may be accompanied by live streaming services.
Bettors can watch the action unfold while placing their bets, enhancing the overall betting experience at Betfair.
Opening an Account at Betfair
Registration Process at Betfair
To open an account, bettors need to visit Betfair's website or download the mobile app and click on the 'Join Now' or 'Sign Up' button.
They will be prompted to enter personal details such as name, date of birth, address, and contact information.
Verification at Betfair
During registration, bettors may need to verify their identity by providing documents such as a passport or driver's license.
This verification process is a standard procedure to ensure compliance with regulatory requirements and to protect bettors accounts.
Account Settings
Once registered, bettors can customize their account settings on Betfair, including language preferences and responsible gambling tools.
They can also set deposit limits and self-exclusion periods to manage their betting activity responsibly.
Live Streaming
Availability
Live streaming is available on selected betting sports and events at Betfair, typically alongside live betting options.
Bettors can check the schedule of upcoming live streams and access them directly through their Betfair account.
Access Requirements
To access live streaming, bettors may need to have a funded Betfair account or have placed a bet within a certain timeframe before the event.
Some streams may also be subject to geographical restrictions based on broadcasting rights.
Interactive Features
Betfair's live streaming may include interactive features such as live statistics and commentary.
Bettors can enhance their viewing experience by accessing additional information during the live broadcast.
Betting Markets at Betfair
Popular Betting Sports
Betfair covers popular betting sports such as soccer, horse racing, tennis, and cricket in its betting markets.
These betting sports attract a large number of bets from Australian bettors, offering diverse opportunities for betting.
Niche Betting Sports at Betfair
In addition to major betting sports, Betfair also offers betting markets on niche betting sports like snooker, darts, and esports.
These markets at Betfair appeal to bettors interested in less mainstream sporting events, providing specialized betting options.
Special Bets
Betfair includes special betting markets such as politics and entertainment, allowing bettors to bet on non-sporting events.
These markets add variety and cater to bettors looking for unique betting opportunities.
Virtual Betting Sports at Betfair
Virtual betting sports are available on Betfair, offering simulated sporting events for bettors to bet on.
These fast-paced simulations provide continuous betting opportunities outside of real-world sporting schedules.
How to Place a Bet
Selecting a Market
To place a bet, bettors first need to navigate to their desired sport or event on Betfair's website or mobile app.
They can browse through available markets and click on the odds of their chosen outcome to add it to their bet slip.
Adding Selections
Bettors can add multiple selections to their bet slip for combination bets like accumulators or system bets.
Betfair's bet slip automatically calculates potential winnings based on the selected odds and stake.
Confirming the Bet
Before confirming the bet, bettors should review their selections and stake amount on the bet slip.
Once satisfied, they can click on the 'Place Bet' button to finalize the transaction.
Live Betting
For live betting, bettors can place bets in real-time during the match or event by clicking on the updated odds displayed on Betfair's live betting section.
This allows for instant betting decisions based on the unfolding game dynamics.
BetFair Security and Trust
Betfair prioritizes customer security using advanced technologies. Their system is fortified with biometrics, firewalls, and intrusion detection. Continuous monitoring and penetration tests ensure robust defense against threats. ISO27001 and PCI certifications underscore BETFAIR commitment to top-tier security standards. Your payment card details are securely stored and verified. Rigorous validation processes safeguard against fraud, ensuring peace of mind for BetFair users.
BetFair Customer Service
Betfair is committed to delivering exceptional customer support 24/7 through both phone and email channels. While they don’t offer live chat, they have a well-organized and detailed FAQ page designed to address a wide range of common queries. For those seeking more personalized assistance, Betfair also provides a selection of helpful how-to videos that guide users through various features and processes on their platform. Furthermore, punters have the option to request one-on-one demonstrations, which can be arranged by simply calling their customer support team. This ensures that all users receive the assistance they need, tailored to their individual requirements.
FAQ
How can I stay updated on Betfair’s latest promotions?
To stay informed about Betfair's latest promotions and exciting events, visit their dedicated Promotions page. This page provides details on current and upcoming offers, including enhanced odds, exclusive competitions, and rewards. Be sure to check it regularly as promotions can change frequently.
What are the options for depositing into my Betfair account?
For deposits, Visa, MasterCard, and PayPal are processed instantly, while OSKO deposits take between 10 minutes to 12 hours. Note that bank transfers are not available for deposits.
What are the options for withdrawing from my Betfair account?
For withdrawals, Visa and MasterCard issued in Australia cannot be used. PayPal withdrawals are completed within 24 hours, OSKO can only be used for deposits, and bank transfers take 1-3 working days.
How does Betfair provide customer support?
Betfair offers exceptional customer support 24/7 through phone and email. Although they do not provide live chat, their detailed FAQ page addresses many common queries. They also offer helpful how-to videos and one-on-one demonstrations, which can be requested by calling their customer support team.
What features does Betfair’s mobile app offer?
Betfair’s mobile app, available for free on both Apple and Android devices, provides access to Australia’s leading betting exchange. The app includes a comprehensive form hub with performance data, real-time price graphs, and tools to place bets and manage your account from anywhere.