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Today, there are various different bookmakers offering the same kind of deal. However, Betfair is very different from the ‘traditional’ bookmaker despite allowing punters to place ordinary bets on individual outcomes and events. Why? Because they offer very good odds and now have the title of being the ‘premier’ exchange service in betting. Aside from placing regular bets, there is also a huge market of people that bet in-play and trade with Betfair.
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Normally, the most common question that comes from this is ‘how do I open an account?’ and this is a very easy question to answer. After visiting the Betfair page online through your computer, phone, or tablet, enter ‘ZBBC01’ to ensure that you receive the sign-up offer. As long as you enter that code when signing up, you will receive up to €100 in free bets. To get your free bet of €20 you will need to place 5 €10 bets on the sportsbook market, this will give you a €20 free bets, do this 5x for a maxium of €100 in free bets.
From humble beginnings, Betfair now earns €400 million per year and finds itself as the world’s largest internet betting exchange platform. Although the company is based in London, it followed the practice of many other betting groups by registering in Gibraltar at the beginning of the decade.
Strangely enough, the company was actually formed after the turn of the millennium which makes it less than 20 years old – this is a surprise for many. In this short time, the owners, Edward Wray and Andrew Black, have built the company up to where they now sit at the very top. Overall, the company is thought to be worth €2 billion and are even now floating on the Stock Exchange. For the owners, the growth has seen them grow in stature to the point where Andrew Black owns shares in Swindon Town and has invested in horses with the famous Michael Owen.
Noways, Betfair make regular ad campaigns on the TV which has helped the growth even more. Aside from the TV, advertisements can also be seen in newspapers and even at UK and Ireland football grounds.
As we hinted at the beginning, Betfair can be used in a number of different ways. If you want a platform where you can bet on sporting events for a chance to make some money, this can be achieved by betting on the sportsbook and you can receive strong odds and great offers after signing up. Just as you would with any other bookmaker, you can place a bet and then sit nervously all afternoon as the event unfolds. If you aren’t fulfilled with the bets you made before the event starts, you can then place bets in-play too and this is the second use for Betfair. For example, the odds will be changing all the time as a football game takes place. If a game was 0-0 at half time or even later, you might want to bet a winner, a draw, or perhaps even a first goalscorer if one player is outperforming the rest.
After this, we also have the third method of using Betfair which is the betting exchange service. At the click of a button, you will have the ability to trade, back, and lay particular markets. Rather than betting on the event, this involves betting on the movements within the market before the event takes place. If you like to have more control over your experience, this is definitely the way you can achieve it.
Also, we should point out that handy ‘Cash Out’ button that has been introduced in recent years because this allows you to take profits from a winning position. If your bet is winning but the full results is looking a little dubious, you can take a smaller profit right now whilst sacrificing the total winnings if your bet was to come through. For example, a team might be winning a football match with five minutes to go. Considering late goals are quite common in football, you might want to take a smaller profit because at least this is guaranteed.
Over the years, Betfair has gained a reputation as a customer-friendly, well-respected bookmaker. As well as being trustworthy as a brand, they also have an extensive call centre ready to help with any problems that might arise. Furthermore, you can also contact them online with requests or questions you may have.
Phone: 1800 944 000
Email: See their website
Live chat: See their website
Terms of Free bets:
Up to €100 in free bets. 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.