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| BETFAIR.COM REVIEW |
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| Pro Rating : |
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| ABOUT BETFAIR.COM |
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| URL |
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BetFair.com |
| Short Description |
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offers an excellent value for your money; however, customer service appears to be non-existent. Since 2000, has been a favorite amongst sports betters. offers no bonuses. |
| Year Started |
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2000 |
| Country |
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uk |
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| Management |
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Keith Winston
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| Overall Rating |
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5. |
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| BETFAIR.COM SPORTS BETTING FEATURES |
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| Wager Limits |
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Minimum bet: Online $3.40 stake, $1.70/unit range betting; by telephone $85 stake, $17unit range betting
Maximum bet: $8,500 maximum exposure at any one time |
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| Payout Limits |
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None. |
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| Bonus Ranking; |
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0 |
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| Initial Deposit Mins |
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$0 |
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| Initial Bonus Offers |
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None |
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| Reload Bonus Offers |
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None |
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| Rebate Losses |
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None |
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| Referral Bonus |
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None |
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| Promotions |
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None |
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| Loyalty Program |
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Points system |
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| Overnight Lines |
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24/7 |
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| Collar Limits |
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None |
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| Ten Cent Base |
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None |
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| BETFAIR.COM PROS & CONS |
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| BETFAIR.COM PRORESSIONAL REVIEW |
| The Company |
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is the trading name of The Sporting Exchange Ltd, based in the UK. |
| Site Navigation |
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Good |
| Site Response Speed |
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fast |
| Services Offered |
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Sportsbook
Racebook
Casino
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| User Experience |
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Very positive |
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BetFair.com Professional Review
By
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The Look
In 2000, came into being and claimed the initiative in the exchange betting market. With a 90% share of this expanding market, has revolutionised sports betting in the UK. Its 100,000 users and 1.5 billion pound turnover mean that anyone interested in exchange betting should look to .
Exchange Betting
Exchange betting is a new concept that has taken the gambling world by storm. Instead of laying odds, simply provides an exchange in which bettors lay odds for each other. The gambler can therefore either "lay" a bet of up to 5,000 pounds at any odds he chooses or "back" some or all of a bet that has already been laid.
There are two upshots of this. Firstly, the odds are laid by punters and not by a bookmaker; secondly, can afford to take 5% commission, compared to the double-figure commission of most UK bookmakers. The result of this is that the punter matching the bets is offered much better value for money at than at a traditional bookmaker.
For example, during semi-final week of the Rugby World Cup, 's odds for the winner were compared with those of Ladbroke's, a leading UK-based traditional bookmaker. A 10 pound bet on New Zealand would have yielded a 22 pound win at both and Ladbrokes; backing England would have won 35.50 pounds on and 30 pounds on Ladbrokes; backing France would have won 58 pounds on and 50 pounds on Ladbrokes; backing Australia would have won 98 pounds on and 60 pounds on Ladbrokes.
Betting
Across the board, it is fair to say that 's claim to offer odds that are 20% better than traditional bookmakers is probably not far from the truth. The downside of is that the choice is much more limited. The odds for the Gillingham v Wimbledon division 1 soccer match illustrate this point. Ladbroke's had bets open for all scorelines, but at punters had only laid four bets and the only scorelines you could bet on were draws. At you are reliant on other punters, either laying a bet for you to back or backing the bets that you have laid. This is both the advantage, and disadvantage, of the system.
The type of bets available are also more limited than on many sites, so there are, for example, no complicated accumulators. You can place three kinds of bets: Odds betting is a straight bet with odds; a line bet is an even odds bet on a particular event happening; a range bet is a prediction of a score and you win or lose money depending on how close your prediction is.
is a UK-run site and currently does not accept US credit cards due to question marks over the legal position of exchange betting in the US. But it is fair to say that punters will find ways around this. Traditional UK bookmakers, fearing the potential of , have been demanding tighter regulation and taxation. This is not a reason to assume that 's future is endangered. A more sensible conclusion to draw is that, in the face of the exchange betting market, traditional bookmaking is under threat.
Sports
Despite being UK-based, offers a huge variety of sports, including some as obscure as bandy, hurling, darts and trotting, as well as all the major British and American sports.
Deposits/Withdrawals
Signing up is a simple and intuitive process and deposits can be made by credit card, bank transfer, Western Union, cheque and various other methods. Your liability can never exceed the funds in your account, which for new users can be anything from 10 pounds to 5,000 pounds. Withdrawals are equally straightforward and can take place by cheque, credit card or electronic bank transfer.
Site Navigation
Although 's technology seems fast and reliable, the site itself has an unusual interface, some small fonts and some fiddly menus, although the user will soon get the hang of them.
Customer Service
Also questionable is 's customer service. The phone line is answered immediately by knowledgeable representatives, but is not free and is only open from 8am to 10pm UK time.
Bottom Line
But these are relatively minor gripes considering the excellent value for money that can be found on by a gambler who is willing to sacrifice some elements of choice and ease of use. |
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